Sponsor Support Agreement definition
Examples of Sponsor Support Agreement in a sentence
Sponsor, SPAC, the Company and each other Sponsor Shareholder have each caused this Sponsor Support Agreement to be duly executed as of the date first written above.
There is no Action pending against such Sponsor Shareholder, or to the knowledge of such Sponsor Shareholder, threatened against such Sponsor Shareholder, before (or, in the case of threatened Actions, that would be before) any arbitrator or any Governmental Authority, which in any manner challenges or seeks to prevent, enjoin or materially delay or impair the performance by such Sponsor Shareholder of its obligations under this Sponsor Support Agreement.
Nothing expressed or implied in this Sponsor Support Agreement is intended or shall be construed to confer upon or give any Person, other than the parties, any right or remedies under or by reason of this Sponsor Support Agreement; provided, however, that the Released Parties (and their successors, heirs and representatives), are intended third-party beneficiaries of, and may enforce, Section 1.12.
No action taken pursuant to this Sponsor Support Agreement, including any investigation by or on behalf of any party, shall be deemed to constitute a waiver by the party taking such action of compliance with any representation, warranty, covenant or agreement contained herein.
Such Sponsor Shareholder is a sophisticated investor and has adequate information concerning the business and financial condition of SPAC and the Company to make an informed decision regarding this Sponsor Support Agreement and the Transactions, and has independently and without reliance upon SPAC or the Company and based on such information as such Sponsor Shareholder has deemed appropriate, made its own analysis and decision to enter into this Sponsor Support Agreement.