Common use of Schedule Provisions Clause in Contracts

Schedule Provisions. Specified Entity: In relation to both Seller and Counterparty for the purpose of: Section 5(a)(v), Not Applicable Section 5(a)(vi), Not Applicable Section 5(a)(vii), Not Applicable Cross-Default: The “Cross-Default” provisions of Section 5(a)(vi) of the ISDA Form will not apply to either party. Credit Event Upon Merger: The “Credit Event Upon Merger” provisions of Section 5(b)(v) of the ISDA Form will not apply to either party. Automatic Early Termination: The “Automatic Early Termination” of Section 6(a) of the ISDA Form will not apply to either party. Other Events of Early Termination Notwithstanding anything to the contrary herein, in the Definitions or in the ISDA Form, if the Business Combination does not close and the Shares are redeemed pursuant to a SPAC liquidation and Reimbursement, this Transaction shall automatically terminate as of the time when redemptions are first effected without any amounts or other obligations being owed by either party to the other hereunder except for the payment by Counterparty to Seller of any amounts owing pursuant to “Reimbursement of Legal Fees and Other Expenses” herein. Termination Currency: United States Dollars.

Appears in 4 contracts

Samples: First Light Acquisition Group, Inc., First Light Acquisition Group, Inc., First Light Acquisition Group, Inc.

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Schedule Provisions. Specified Entity: In relation to both Seller and Counterparty for the purpose of: Section 5(a)(v), Not Applicable Section 5(a)(vi), Not Applicable Section 5(a)(vii), Not Applicable Cross-Default: Default The “Cross-Default” provisions of Section 5(a)(vi) of the ISDA Form will not apply to either party. Credit Event Upon Merger: Merger The “Credit Event Upon Merger” provisions of Section 5(b)(v) of the ISDA Form will not apply to either party. Automatic Early Termination: The “Automatic Early Termination” of Section 6(a) of the ISDA Form will not apply to either party. Other Events of Early Termination Notwithstanding anything to the contrary herein, in the Definitions or in the ISDA Form, if the Business Combination does not close and the Shares are redeemed pursuant to a SPAC liquidation and Reimbursement, this Transaction shall automatically terminate as of the time when redemptions are first effected without any amounts or other obligations being owed by either party to the other hereunder except for the payment by Counterparty to Seller of any amounts owing pursuant to “Reimbursement of Legal Fees and Other Expenses” herein. Termination Currency: United States Dollars.

Appears in 2 contracts

Samples: Zapp Electric Vehicles Group LTD, CIIG Capital Partners II, Inc.

Schedule Provisions. Specified Entity: In relation to both Seller and Counterparty for the purpose of: Section 5(a)(v), Not Applicable Section 5(a)(vi), Not Applicable Section 5(a)(vii), Not Applicable Cross-Default: Default The “Cross-Default” provisions of Section 5(a)(vi) of the ISDA Form will not apply to either party. Credit Event Upon Merger: Merger The “Credit Event Upon Merger” provisions of Section 5(b)(v) of the ISDA Form will not apply to either party. Automatic Early Termination: The “Automatic Early Termination” of Section 6(a) of the ISDA Form will not apply to either party. Other Events of Early Termination Notwithstanding anything to the contrary herein, in the Definitions or in the ISDA Form, if the Business Combination does not close and the Shares are redeemed pursuant to a SPAC liquidation and Reimbursement, this Transaction shall automatically terminate as of the time when redemptions are first effected without any amounts or other obligations being owed by either party to the other hereunder except for the payment by Counterparty to Seller of any amounts owing pursuant to “Reimbursement of Legal Fees and Other Expenses” herein. Termination Currency: United States Dollars, except, in the event the Business Combination does not close and the Shares are redeemed pursuant to a SPAC liquidation and Reimbursement, the expenses incurred in connection with the acquisition of the Recycled Shares in “Reimbursement of Legal Fees and Other Expenses” shall increase to $0.10 per Share.

Appears in 1 contract

Samples: PROOF Acquisition Corp I

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Schedule Provisions. Specified Entity: In relation to both Seller and Counterparty for the purpose of: Section 5(a)(v), Not Applicable Section 5(a)(vi), Not Applicable Section 5(a)(vii), Not Applicable Cross-Default: The “Cross-Default” provisions of Section 5(a)(vi) of the ISDA Form will not apply to either party. Credit Event Upon Merger: The “Credit Event Upon Merger” provisions of Section 5(b)(v) of the ISDA Form will not apply to either party. Automatic Early Termination: The “Automatic Early Termination” of Section 6(a) of the ISDA Form will not apply to either party. Other Events of Early Termination Notwithstanding anything to the contrary herein, in the Definitions or in the ISDA Form, if the Business Combination does not close close, and the Shares shares of Common Stock are redeemed pursuant to a SPAC liquidation and Reimbursementliquidation, this Transaction shall automatically terminate without further notice as of the time when redemptions are first effected without any amounts or other obligations being owed by either party to the other hereunder except for the payment by Counterparty to Seller of any amounts owing pursuant to “Reimbursement of Legal Fees and Other Expenses” herein. Termination Currency: United States Dollars.

Appears in 1 contract

Samples: Berenson Acquisition Corp. I

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