Settlement of the SPAC’s Liabilities Sample Clauses

Settlement of the SPAC’s Liabilities. Concurrently with the Closing, all outstanding liabilities of the SPAC shall be settled and paid in full, including reimbursement of reasonable and documented out-of-pocket expenses incurred by the SPAC or SPAC’s officers, directors, or any of their respective Affiliates, in connection with identifying, investigating and consummating a Business Combination.
Sample 1See All (5)
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Settlement of the SPAC’s Liabilities. Concurrent with the Closing, all outstanding liabilities of the SPAC that have incurred from reasonable and documented out-of-pocket expenses in connection with the transactions contemplated by this Agreement, including reimbursement of reasonable and documented out-of-pocket expenses reasonably incurred by the SPAC or SPAC’s officers, directors, or any of their respective Affiliates, in connection with the transactions contemplated by this Agreement, shall be settled and paid in full by the PubCo and the Company.
Sample 1

Related to Settlement of the SPAC’s Liabilities

  • Litigation and Contingent Liabilities No litigation (including derivative actions), arbitration proceeding or governmental investigation or proceeding is pending or, to the Company’s knowledge, threatened against any Loan Party which might reasonably be expected to have a Material Adverse Effect, except as set forth in Schedule 9.6. Other than any liability incident to such litigation or proceedings, no Loan Party has any material contingent liabilities not listed on Schedule 9.6 or permitted by Section 11.1.

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