FR Business definition
Examples of FR Business in a sentence
In the event that certain Agreement and Plan of Merger, dated as of July 18, 2021, as amended on December 26, 2021, by and among the Company, Fast Radius and ENNV Merger Sub, Inc., a Delaware corporation, is terminated prior to the closing of the FR Business Combination, this Letter Agreement shall automatically terminate and be of no further force and effect.
In the event that a definitive agreement relating to the FR Business Combination is not entered into by the Company and Fast Radius on or before August 31, 2021, or if such definitive agreement is entered into but subsequently terminated prior to the closing of the FR Business Combination, this Letter Agreement shall automatically terminate and be of no further force and effect.
For the avoidance of doubt, if the closing of the FR Business Combination does not occur, the Purchaser shall not be required to forfeit Purchaser Shares under the circumstances contemplated by the last sentence of Section 2(c) of the Forward Purchase Agreement as a result of such failure to close the FR Business Combination, and the Parties will remain subject to the last sentence of Section 2(c) of the Forward Purchase Agreement in connection with any future Business Combination.
Buyer agrees to enter into -------------------------------------- employment agreements with a minimum one-year term in forms mutually agreed to by Buyer and Seller with the following individuals for the positions specified as follows: ▇▇▇ ▇▇▇▇ (senior engineering management position within FR Business Unit) and ▇▇▇▇ ▇▇▇▇▇▇ (senior business development position within FR Business Unit).