Common use of Settlement of Purchaser Liabilities Clause in Contracts

Settlement of Purchaser Liabilities. Concurrently with the Closing, all outstanding liabilities of the Purchaser shall be settled and paid in full and reimbursement of out-of-pocket expenses reasonably incurred by Purchaser’s officers, directors, or any of their respective Affiliates, in connection with identifying, investigating and consummating a business combination.

Appears in 3 contracts

Samples: Merger and Share Exchange Agreement (BGS Acquisition Subsidiary, Inc.), Merger and Share Exchange Agreement (BGS Acquisition Corp.), Merger and Share Exchange Agreement (China VantagePoint Acquisition Co)

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Settlement of Purchaser Liabilities. Concurrently with the Closing, all outstanding liabilities of the Purchaser Purchaser, as set forth on Schedule 9.3, shall be settled and paid in full and full, including reimbursement of out-of-pocket expenses reasonably incurred by Purchaser’s officers, directors, or any of their respective Affiliates, in connection with identifying, investigating and consummating a business combination.

Appears in 1 contract

Samples: Merger Agreement (Atlantic Acquisition Corp.)

Settlement of Purchaser Liabilities. Concurrently with the Closing, all outstanding liabilities of the Purchaser shall be settled and paid in full and full, including reimbursement of out-of-pocket expenses reasonably incurred by Purchaser’s officers, directors, or any of their respective Affiliates, in connection with identifying, investigating and consummating a business combination.

Appears in 1 contract

Samples: Merger Agreement (E-Compass Acquisition Corp.)

Settlement of Purchaser Liabilities. Concurrently with the Closing, all outstanding liabilities of the Purchaser shall be settled and paid in full and reimbursement of out-of-pocket expenses reasonably incurred by Purchaser’s officers, directors, or any of their respective Affiliates, in connection with identifying, investigating and consummating a business combination, subject to the limitations set forth in Section 7.7.

Appears in 1 contract

Samples: Share Exchange Agreement (Wealthbridge Acquisition LTD)

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Settlement of Purchaser Liabilities. Concurrently with the Closing, all outstanding material liabilities (contingent or actual) of the Purchaser shall be settled and paid in full and reimbursement of out-of-pocket expenses reasonably incurred by Purchaser’s officers, directors, or any of their respective Affiliates, in connection with identifying, investigating and consummating a business combination.

Appears in 1 contract

Samples: Share Exchange Agreement (Ace Global Business Acquisition LTD)

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