Common use of Settlement of the SPAC’s Liabilities Clause in Contracts

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.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aquaron Acquisition Corp.)

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Settlement of the SPAC’s Liabilities. Concurrently with the Acquisition Closing, all outstanding liabilities Liabilities of the SPAC shall be settled and paid in full, including full and reimbursement of reasonable and documented out-of-pocket expenses reasonably incurred by the SPAC SPAC’s or SPAC’s officers, directors, or any of their respective Affiliates, in connection with identifying, investigating and consummating a Business Combinationbusiness combination, provided however that all such out of pocket expenses shall be aggregated with and subject to the cap set forth in Section 8.6.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bayview Acquisition Corp)

Settlement of the SPAC’s Liabilities. Concurrently with Subject to Section 13.5, immediately upon the Closing, all outstanding liabilities of the SPAC shall be settled and paid in full, including full and reimbursement of reasonable and documented out-of-pocket expenses reasonably incurred by the SPAC SPAC’s or SPAC’s officers, directors, or any of their respective Affiliates, in connection with identifying, investigating and consummating a Business Combinationbusiness combination, up to US$ 4.5 million, all of which has been incurred since February 12, 2024.

Appears in 1 contract

Samples: Agreement and Plan of Merger (JVSPAC Acquisition Corp.)

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

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alphatime Acquisition Corp)

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Settlement of the SPAC’s Liabilities. Concurrently with the Closing, all outstanding liabilities of the SPAC shall be settled and paid in full, including full and 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 identifying, investigating and consummating a Business Combination.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aquaron Acquisition Corp.)

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