Examples of Sponsor Letter in a sentence
No event has occurred that, with or without notice, lapse of time or both, would constitute a default or breach on the part of SPAC under any material term or condition of the Sponsor Letter Agreement.
SPAC has delivered to the Company a true, correct and complete copy of the Sponsor Letter Agreement.
Section 2.24 of the Credit Agreement is hereby amended by adding the following sentence to the end of such Section: The provisions of this Section 2.24 shall give effect to the voting provisions in each Sponsor Letter.
The Sponsor Letter Agreement is a legal, valid and binding obligation of SPAC and, to the knowledge of SPAC, each other party thereto and neither the execution or delivery by any party thereto, nor the performance of any party’s obligations under, the Sponsor Letter Agreement violates any provision of, or results in the breach of or default under, or require any filing, registration or qualification under, any applicable Law.
The Sponsor Letter Agreement is in full force and effect and has not been withdrawn or terminated, or otherwise amended or modified, in any respect, and no withdrawal, termination, amendment or modification is contemplated by SPAC.