Audit Expenses. The Target Company’s reasonable, documented, out-of-pocket fees and expenses related to the preparation of the Target Company’s audited financial statements in connection with SPAC Merger or of an IPO shall be paid by Holdings or its Affiliates to the Target Representative, up to $100,000, for further distribution to the Target Company Members, at the closing of a SPAC Merger or at the effective time of an IPO, as the case may be.
Appears in 8 contracts
Sources: Agreement and Plan of Merger (AIRO Group Holdings, Inc.), Agreement and Plan of Merger (AIRO Group Holdings, Inc.), Agreement and Plan of Merger (AIRO Group Holdings, Inc.)
Audit Expenses. The Target Company’s reasonable, documented, reasonable out-of-pocket fees and expenses related to the preparation of the Target Company’s audited financial statements in connection with SPAC Merger or of an IPO shall be paid by Holdings or its Affiliates to the Target Seller Representative, up to $100,000, for further distribution to the Target Company MembersSellers, at the closing of a SPAC Merger or at the effective time of an IPO, as the case may be.
Appears in 5 contracts
Sources: Equity Purchase Agreement (AIRO Group Holdings, Inc.), Equity Purchase Agreement (AIRO Group Holdings, Inc.), Equity Purchase Agreement (AIRO Group Holdings, Inc.)
Audit Expenses. The Target Company’s reasonable, documented, out-of-pocket fees and expenses related to the preparation of the Target Company’s audited financial statements in connection with a SPAC Merger or of an IPO shall be paid by Holdings or its Affiliates to the Target Member Representative, up to $100,000, for further distribution to the Target Company Members, at the closing of a SPAC Merger or at the effective time of an IPO, as the case may be.
Appears in 4 contracts
Sources: Agreement and Plan of Merger (AIRO Group Holdings, Inc.), Agreement and Plan of Merger (AIRO Group Holdings, Inc.), Agreement and Plan of Merger (AIRO Group Holdings, Inc.)
Audit Expenses. The Target Company’s reasonable, documented, out-of-pocket fees and expenses related to the preparation of the Target Company’s audited financial statements in connection with SPAC Merger or of an IPO shall be paid by Holdings or its Affiliates to the Target Representative, up to $100,000, for further distribution to the Target Company MembersStockholders, at the closing of a SPAC Merger or at the effective time of an IPO, as the case may be.
Appears in 4 contracts
Sources: Agreement and Plan of Merger (AIRO Group Holdings, Inc.), Agreement and Plan of Merger (AIRO Group Holdings, Inc.), Agreement and Plan of Merger (AIRO Group Holdings, Inc.)
Audit Expenses. The Target Company’s reasonable, documented, out-of-pocket fees and expenses related to the preparation of the Target Company’s reviewed and/or audited financial statements in connection with this Agreement, the SPAC Merger or of an IPO shall be paid by Holdings or its Affiliates to the Target Representative, up to $100,000, for further distribution to the Target Company MembersStockholders, at the closing of a SPAC Merger or at the effective time of an IPO, as the case may be.
Appears in 4 contracts
Sources: Merger Agreement (AIRO Group Holdings, Inc.), Merger Agreement (AIRO Group Holdings, Inc.), Merger Agreement (AIRO Group Holdings, Inc.)