Examples of Sponsor Subscription Agreement in a sentence
Upon the Closing, the Original RRA and the Sponsor Subscription Agreement shall no longer be of any force or effect.
Promptly following the Initial Merger Effective Time PubCo shall deliver notices to the parties to the Private Placement and the Sponsor Subscription Agreement to cause the release of funds from escrow to PubCo immediately prior to Acquisition Closing and to cause the Investors that are mutual funds (the “Mutual Fund Investors”) to complete the consummation of their respective PIPE Investments immediately prior to Acquisition Closing.
For the avoidance of doubt, other than the Earn-In Shares, no PubCo Common Shares (including PubCo Common Shares in the form of PubCo ADSs) beneficially owned by Sponsor from time to time (including the PubCo ADSs acquired by the Sponsor pursuant to the Sponsor Subscription Agreement or otherwise) shall be subject to the vesting and forfeiture provisions set forth in this Article VII.
For the avoidance of doubt, under no circumstance shall the Company be obligated to draw down on the Total Note Commitment or the Total Sponsor Note Commitment (as such term is defined in the Sponsor Subscription Agreement).
Gores Holdings VI Sponsor, LLC, a Delaware limited liability company, Mr. Randall Bort, Ms. Elizabeth Marcellino and Ms. Nancy Tellem, Gores’ independent directors, are collectively noted as “Initial Stockholders”.(3) Includes the Initial Stockholders’ ownership of 4,079,000 shares of Class A common stock purchased under the Sponsor Subscription Agreement and includes 15,000 shares of Class A common stock purchased by the Initial Stockholders (excluding the Sponsor) in the PIPE.