Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver to Holdings the following: (i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing; (ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied; (iii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby; (iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder; (v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized; (vi) the Consideration Spreadsheet contemplated in Section 2.6; (vii) the FIRPTA Statement; and (viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement. (b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following: (i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings; (ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
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.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Target Company shall deliver to Holdings the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a7.2(a) and Section 8.2(b7.2(b) have been satisfied;
(iiiii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of (1) all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, (2) resolutions of the Target Company Stockholders approving the Merger and adopting this Agreement, and (3) the certificate of incorporation and bylaws, and all amendments thereto including, without limitation, all documents filed with the Secretary of State of Delaware to effect the Unassumed Indebtedness Conversion (the “Target Organization Documents”), (b) with respect to the resolutions of the Target Company Board and Target Company Stockholder, all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby, and (c) with respect to the Target Organizational Documents, such documents are in full force and effect and that no amendment to such documents has occurred since the date of the last amendment annexed thereto;
(iviii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(viv) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(viv) the Consideration Spreadsheet contemplated in Section 2.62.16;
(vi) the FIRPTA Statement;
(vii) if applicable, the FIRPTA StatementPPP Escrow Agreement, duly executed by the Target Representative and the PPP Escrow Agent; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative Target Company (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller Target Company Stockholder in accordance with such SellerTarget Company Stockholder’s Pro Rata Share, as shown in the Consideration Spreadsheet;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of Holdings, that each of the conditions set forth in Section 7.3(a) and Section 7.3(b) have been satisfied;
(iii) a certificate of the Secretary (or equivalent officer) of Holdings, AIRO Group and Merger Sub certifying that (a) attached thereto are true and complete copies of (1) all resolutions adopted by the board of directors and consents of the stockholders of Holdings, AIRO Group and Merger Sub authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby (2) the certificate of incorporation and bylaws, and all amendments thereto of Holdings, AIRO Group and Merger Sub, (b) with respect to the resolutions, that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby, and (c) with respect to the certificate of incorporation and bylaws, such documents are in full force and effect and that no amendment to such documents has occurred since the date of the last amendment annexed thereto;
(iv) a certificate of the Secretary (or equivalent officer) of Holdings, AIRO Group and Merger Sub certifying the names and signatures of the officers of Holdings, AIRO Group and Merger Sub authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) if applicable, the PPP Escrow Agreement, duly executed by Holdings; and
(vi) such other documents or instruments as Target Company reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
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.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Target Company shall deliver to Holdings the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a7.2(a) and Section 8.2(b7.2(b) have been satisfied;
(iiiii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of (1) all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, (2) resolutions of the Target Company Members approving the Merger and adopting this Agreement, and (3) the Target Company’s articles of organization and operating agreement, and all amendments thereto (the “Target Organization Documents”), (b) with respect to the resolutions of the Target Company Board and Target Company Members, all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby, and (c) with respect to the Target Organization Documents, such documents are in full force and effect, and no amendment to such documents has occurred since the date of the last amendment annexed thereto;
(iviii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(viv) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(viv) the Consideration Spreadsheet contemplated in Section 2.62.16;
(vi) the FIRPTA Statement;
(vii) if applicable, the FIRPTA StatementPPP Escrow Agreement, duly executed by the Target Representative and the PPP Escrow Agent; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative Target Company (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller Target Company Member and in the principal amounts set forth in the Consideration Spreadsheet, Spreadsheet duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller Target Company Member in accordance with such SellerTarget Company Member’s Pro Rata Share, as shown in the Consideration Spreadsheet;
(iii) a certificate, dated the Closing Date and signed by a duly authorized officer of Holdings, that each of the conditions set forth in Section 7.3(a) and Section 7.3(b) have been satisfied;
(iv) a certificate of the Secretary (or equivalent officer) of Holdings, AIRO Group and Merger Sub certifying that (a) attached thereto are true and complete copies of (1) all resolutions adopted by the board of directors and consents of the stockholders or members, as applicable, of Holdings, AIRO Group and Merger Sub authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (2) the certificates of incorporation and bylaws or equivalent documents, and all amendments thereto, of Holdings, AIRO Group and Merger Sub, (b) with respect to the resolutions, that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby, and (c) with respect to the certificates of incorporation and bylaws or equivalent documents, such documents are in full force and effect and no amendment to such documents has occurred since the date of the last amendment annexed thereto;
(v) a certificate of the Secretary (or equivalent officer) of Holdings, AIRO Group and Merger Sub certifying the names and signatures of the officers of Holdings, AIRO Group and Merger Sub authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(vi) if applicable, the PPP Escrow Agreement, duly executed by Holdings; and
(vii) such other documents or instruments as Target Company reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
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.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Target Company shall deliver to Holdings the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a7.2(a) and Section 8.2(b7.2(b) have been satisfied;
(iiiii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of (1) all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebythereby and, (2) resolutions of the Target Company Members approving the Merger and adopting this Agreement, and (3) the Target Company’s articles of organization and operating agreement, and all amendments thereto (the “Target Organization Documents”), (b) with respect to the resolutions of the Target Company Board and Target Company Members, all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby, and (c) with respect to the Target Organization Documents, such documents are in full force and effect, and no amendment to such documents has occurred since the date of the last amendment annexed thereto;
(iviii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(viv) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(viv) the Consideration Spreadsheet contemplated in Section 2.62.16;
(vi) the FIRPTA Statement;
(vii) if applicable, the FIRPTA StatementPPP Escrow Agreement, duly executed by the Target Representative and the PPP Escrow Agent; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative Target Company (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller Target Company Member and in the principal amounts set forth in the Consideration Spreadsheet, Spreadsheet duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller Target Company Member in accordance with such SellerTarget Company Member’s Pro Rata Share, as shown in the Consideration Spreadsheet;
(iii) a certificate, dated the Closing Date and signed by a duly authorized officer of Holdings, that each of the conditions set forth in Section 7.3(a) and Section 7.3(b) have been satisfied;
(iv) a certificate of the Secretary (or equivalent officer) of Holdings, AIRO Group and Merger Sub certifying that (a) attached thereto are true and complete copies of (1) all resolutions adopted by the board of directors and consents of the stockholders or members, as applicable, of Holdings, AIRO Group and Merger Sub authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (2) the certificates of incorporation and bylaws or equivalent documents, and all amendments thereto, of Holdings, AIRO Group and Merger Sub, (b) with respect to the resolutions, that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby, and (c) with respect to the certificate of incorporation and bylaws or equivalent documents, such documents are in full force and effect and no amendment to such documents has occurred since the date of the last amendment annexed thereto;
(v) a certificate of the Secretary (or equivalent officer) of Holdings, AIRO Group and Merger Sub certifying the names and signatures of the officers of Holdings, AIRO Group and Merger Sub authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(vi) if applicable, the PPP Escrow Agreement, duly executed by Holdings; and
(vii) such other documents or instruments as Target Company reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
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.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Target Company shall deliver to Holdings the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a7.2(a) and Section 8.2(b7.2(b) have been satisfied;
(iiiii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of (1) all resolutions or written consents adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, (2) resolutions or written consents of the Target Company Members approving the Merger and adopting this Agreement, and (3) the Target Company’s certificate of formation and operating agreement, and all amendments thereto (the “Target Organization Documents”), (b) with respect to the resolutions or written consents of the Target Company Board and Target Company Members, all such resolutions or written consents are in full force and effect and are all the resolutions or written consents adopted in connection with the transactions contemplated hereby and thereby, and (c) with respect to the Target Organization Documents, such documents are in full force and effect, and no amendment to such documents has occurred since the date of the last amendment annexed thereto;
(iviii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(viv) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(viv) the Consideration Spreadsheet contemplated in Section 2.62.16;
(vi) the FIRPTA Statement;
(vii) if applicable, the FIRPTA StatementPPP Escrow Agreement, duly executed by the Member Representative and the PPP Escrow Agent; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative Target Company (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller Target Company Member in accordance with such SellerTarget Company Member’s Pro Rata Share, as shown in the Consideration Spreadsheet;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of Holdings, that each of the conditions set forth in Section 7.3(a) and Section 7.3(b) have been satisfied;
(iii) a certificate of the Secretary (or equivalent officer) of AIRO Group, Holdings and Merger Sub certifying that (a) attached thereto are true and complete copies of (1) all resolutions adopted by the board of directors and consents of the stockholders or members, as applicable, of AIRO Group, Holdings and Merger Sub authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (2) the certificates of incorporation and bylaws or equivalent documents, and all amendments thereto, of Holdings, AIRO Group and Merger Sub, (b) with respect to the resolutions, that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby, and (c) with respect to the certificate of incorporation and bylaws or equivalent documents, such documents are in full force and effect and no amendment to such documents has occurred since the date of the last amendment annexed thereto;
(iv) a certificate of the Secretary (or equivalent officer) of AIRO Group, Holdings and Merger Sub certifying the names and signatures of the officers of AIRO Group, Holdings and Merger Sub authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) if applicable, the PPP Escrow Agreement, duly executed by Holdings; and
(vi) such other documents or instruments as Target Company reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
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.)
Closing Deliverables. The following deliveries shall be made at the applicable Closing:
(a) At or prior to the Closing, the Seller Representative shall deliver or cause to Holdings be delivered to Buyer or the followingDeposit Escrow Agent, as applicable:
(i) all stock certificates held by the Sellers representing the SharesEquity Interests to be transferred at such Closing, to the extent such Shares Equity Interests are certificated at certificated, and to the time of Closingextent such Equity Interests are not certificated, duly executed counterparts to assignment and assumption agreements effecting the assignment thereof;
(ii) a certificatesubject to Section 2.5(d), dated the Closing Date and signed by a duly authorized officer Required Lender Consents in respect of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedLender Encumbered Properties to be transferred at such Closing;
(iii) subject to Section 2.5(d), the Required Tenant Waivers in respect of the Tenant Encumbered Properties to be transferred at such Closing;
(iv) subject to Section 2.5(d), evidence of the JV Redemptions in respect of the JV Encumbered Properties to be transferred at such Closing;
(v) a duly executed copy of the Closing Statement applicable to such Closing, as agreed upon between the Parties, pursuant to Section 2.4;
(vi) a duly executed counterpart to joint written instructions to the Deposit Escrow Agent, directing the Deposit Escrow Agent to disburse the applicable portion of the Deposit in accordance with Section 2.3(a);
(vii) a certificate dated the applicable Closing Date, duly executed by an authorized officer of Seller, certifying that the conditions to such Closing specified in Sections 7.2(a) and 7.2(b) have been fulfilled;
(viii) a certificate dated the applicable Closing Date, duly executed by an authorized officer of Seller, certifying (A) in the case of the Secretary (or equivalent officer) Initial Closing, the resolutions of the Target Company certifying that (a) attached thereto are true governing body of Seller approving and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby(B) in the case of each Closing, the Organizational Documents of each Company and each Purchased Subsidiary to be transferred at such Closing;
(ix) a certificate dated the applicable Closing Date, duly executed by an authorized officer of Seller, certifying Seller’s non-foreign status in accordance with Treasury Regulations Section 1.1445-2(b); and
(b) Buyer shall deliver or cause to be delivered to Seller or the Deposit Escrow Agent, as applicable:
(i) the Closing Cash Payment applicable to such resolutions are Closing (less the applicable portion of the Deposit), in full force accordance with Section 2.3(b);
(ii) duly executed counterparts to the assignment and effect and are all assumption agreements described in Section 2.6(a)(i);
(iii) a duly executed copy of the resolutions adopted in connection with Closing Statement applicable to such Closing, as agreed upon between the transactions contemplated hereby and therebyParties, pursuant to Section 2.4;
(iv) a certificate duly executed counterpart to joint written instructions to the Deposit Escrow Agent, directing the Deposit Escrow Agent to disburse the applicable portion of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;Deposit in accordance with Section 2.3(a); and
(v) a good standing certificate (or its equivalent) from certificate, dated the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheetapplicable Closing Date, duly executed by Holdings;
(iian authorized officer of Buyer, certifying that the conditions to such Closing specified in Sections 7.3(a) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;and 7.3(b) have been fulfilled.
Appears in 4 contracts
Sources: Equity Interest Purchase Agreement (American Realty Capital Trust V, Inc.), Equity Interest Purchase Agreement (American Realty Capital Healthcare Trust Inc), Equity Interest Purchase Agreement (American Realty Capital Properties, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Shareholder shall deliver deliver, or cause to Holdings be delivered, to Buyer, the following:
(i) certificates representing all stock certificates held by of the Sellers representing the outstanding Shares, accompanied by duly executed instruments of transfer, in form and substance reasonably satisfactory to the extent such Shares are certificated at the time of ClosingBuyer, for transfer to Buyer;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer corporate record books of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate written resignations of all directors of the Secretary (or equivalent officer) Company including positions of such directors as officers of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyCompany;
(iv) a certificate releases, executed by the Company in favor of the Secretary (resigning persons set out in Section 1.2(a)(iii), in form and substance satisfactory to such resigning persons and Buyer, pursuant to which the Company releases such resigning persons from all liabilities, obligations and claims relating to any event, occurrence or equivalent officer) of circumstance in connection with their service to the Target Company certifying occurring prior to the names and signatures of the officers of the Target Company authorized Closing, except with respect to sign this Agreementany fraud, the Ancillary Documents and the other documents to be delivered hereunder and thereunderbad faith or willful misconduct by any such resigning person;
(v) a good standing certificate (releases, executed by the resigning persons set out in Section 1.2(a)(iii) in favor of the Company post-Closing, in form and substance satisfactory to such resigning persons and Buyer, pursuant to which each such resigning person, on behalf of itself and its heirs, personal representatives, successors and assigns, releases the Company from all liabilities, obligations and claims relating to any event, occurrence or circumstance occurring prior to the Closing, except with respect to any fraud, bad faith or willful misconduct by the Company or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organizedSubsidiaries;
(vi) an escrow agreement in a form as may be mutually agreed by Shareholder and Buyer (the Consideration Spreadsheet contemplated in Section 2.6“Escrow Agreement”), executed by Shareholder;
(vii) a certificate of the FIRPTA StatementChief Executive Officer of the Company, in a form as may be mutually agreed by Shareholder and Buyer, as to the authenticity and effectiveness of the actions of the sole Shareholder of the Company authorizing the transactions contemplated by each Transaction Document to which the Company or Shareholder is a party, to which certified copies of the Company’s Governing Documents, further certified by the Chief Operating Officer of the Company, are attached;
(viii) a duly executed certificate from the Company, dated as of the Closing Date, to the effect that the Company is not, and has not been during the relevant period specified in Section 897(c)(1)(A)(ii) of the Code, a “United States real property holding corporation” within the meaning of 897(c) of the Code, which certificate shall be in compliance with the requirements set forth in Treasury Regulation Section 1.1445-2(c)(3)(i), along with the notifications required under Treasury Regulation Section 1.897-2(h)(2);
(ix) the certificate to be delivered pursuant to Section 5.2(c); and
(viiix) all other documents, instruments or writings required to be delivered to Buyer at or prior to the Closing pursuant to this Agreement and such other documents or certificates of authority and similar instruments as Holdings Buyer reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreementrequests.
(b) At the Closing, Holdings Buyer shall deliver deliver, or cause to Seller Representative be delivered, to Shareholder (or such other Person or, as may be specified herein) applicable, to third parties), the following:;
(i) each a certificate of the Promissory Notes made payable Secretary of Buyer, in a form as may be mutually agreed by Shareholder and Buyer, as to the authenticity and effectiveness of the actions of the board of directors of Buyer authorizing the transactions contemplated by each Seller Transaction Document to which Buyer is a party, to which certified copies of Buyer’s certificate of incorporation and in bylaws, further certified by the principal amounts set forth in the Consideration SpreadsheetSecretary of Buyer, duly executed by Holdingsare attached;
(ii) stock releases, executed by the Buyer, in favor of the resigning persons set out in Section 1.2(a)(iii), in form and substance satisfactory to such officers and directors and Buyer, pursuant to which the Buyer releases such resigning persons from all liabilities, obligations and claims relating to any event, occurrence or circumstance occurring prior to the Closing, except with respect to any fraud, bad faith or willful misconduct by the Company or its Subsidiaries;
(iii) the Escrow Agreement, executed by Buyer and the Escrow Agent;
(iv) the payments set forth in Section 1.3(d);
(v) the certificate to be delivered pursuant to Section 5.3(c); and
(vi) all other documents, instruments or writings required to be delivered to Shareholder at or prior to the Closing pursuant to this Agreement and such other certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, authority and similar instruments as shown in the Consideration Spreadsheet;Shareholder reasonably requests.
Appears in 4 contracts
Sources: Stock Purchase Agreement (Match Group, Inc.), Stock Purchase Agreement (Match Group, Inc.), Stock Purchase Agreement (Match Group, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative TME shall deliver (or cause to Holdings be delivered) to Spotify AB all of the following:
(i) all stock certificates held an excerpt from the register of members of TME, evidencing Spotify AB’s ownership of the Acquired TME Shares, certified by the Sellers representing the Shares, to the extent such Shares are certificated at the time registered office provider of ClosingTME;
(ii) a certificatewritten opinion of the Cayman Islands counsel to TME, dated as of the Closing Date and signed by a duly authorized officer of addressed to Spotify AB in the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedform attached hereto as Exhibit E;
(iii) a certificate certificate, dated as of the Secretary (or equivalent officer) Closing Date, duly executed by a duly authorized representative of TME and addressed to Spotify AB in the Target Company certifying that (a) form attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyhereto as Exhibit F;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this TME Investor Agreement, the Ancillary Documents duly executed by TME Hong Kong, TME, Tencent Hong Kong and the other documents to be delivered hereunder and thereunderTencent;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;Spotify Investor Agreement, duly executed by TME and Tencent; and
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or and instruments as Holdings reasonably requests and are the Parties shall deem reasonably necessary to consummate the transactions contemplated by this Agreementhereby.
(b) At the Closing, Holdings Spotify shall deliver to Seller Representative (or such other Person as may cause to be specified hereindelivered) to TME Hong Kong all of the following:
(i) each an excerpt from the shareholders’ register of Spotify evidencing the registration of TME Hong Kong’s ownership of the Promissory Notes made payable Acquired Spotify Shares, certified by representatives of ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇ ▇▇ or of LWM S.A., in their respective capacities as counsel to Spotify or registered office provider of Spotify, in each Seller and case, in the principal amounts set forth in the Consideration SpreadsheetLuxembourg, duly executed by HoldingsGrand Duchy of Luxembourg;
(ii) stock certificates representing a written opinion of Luxembourg counsel to Spotify, dated as of the portion of Holdings Equity allocated Closing Date and addressed to each Seller in accordance with such Seller’s Pro Rata Share, as shown TME Hong Kong in the Consideration Spreadsheetform attached hereto as Exhibit G;
(iii) a certificate, dated as of the Closing Date, duly executed by a duly authorized representative of Spotify and addressed to TME Hong Kong in the form attached hereto as Exhibit H;
(iv) the TME Investor Agreement, duly executed by Spotify, D.G.E. Investments LTD and ▇▇▇▇▇▇▇ Company Limited;
(v) the Spotify Investor Agreement, duly executed by Spotify and Spotify AB; and
(vi) such other documents and instruments as the Parties shall deem reasonably necessary to consummate the transactions contemplated hereby.
(c) The Parties hereby agree that, at the Closing, the TME Shares Purchase Price shall be paid and delivered by Spotify AB to TME, and the Spotify Shares Purchase Price shall be paid and delivered by TME Hong Kong to Spotify, by causing the TME Parties to instruct and direct (and TME Parties hereby so instruct and direct) Spotify AB to pay and deliver an aggregate amount in cash equal to the TME Shares Purchase Price to Spotify by wire transfer of immediately available funds to an account designated by Spotify, which payment shall be deemed to have been made:
(i) first, by Spotify AB to TME in full satisfaction of the TME Shares Purchase Price;
(ii) secondly, by TME to TME Hong Kong as a capital contribution, a shareholder loan or a combination thereof; and
(iii) thirdly, by TME Hong Kong to Spotify in full satisfaction of the Spotify Shares Purchase Price.
Appears in 4 contracts
Sources: Share Subscription Agreement, Subscription Agreement (Tencent Music Entertainment Group), Subscription Agreement (Tencent Music Entertainment Group)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Buyer shall deliver deliver, or cause to Holdings be delivered, the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at Escrow Agent, amounts equal to the time of ClosingAdjustment Escrow Amount and the Indemnity Escrow Amount, in accordance with the terms and conditions hereof and in the Escrow Agreement;
(ii) a certificateto each Seller, dated an amount equal to such Seller’s Closing Payment, in accordance with the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions wire instructions for such Seller as set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedon the Allocation Schedule;
(iii) to the Seller Representative,
(A) a certificate counterpart of the Secretary Escrow Agreement, duly executed by Buyer;
(or equivalent officerB) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted certificate referred to in Section 8.2(a), duly executed by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyBuyer;
(iv) to each counterparty or holder of Indebtedness identified on the Preliminary Closing Statement as “Payoff Indebtedness”:
(A) in the case of Vulcan, the number of Series E Preferred Units (rounded down to the nearest whole share) equal to the Vulcan Contingent Interest Contribution Amount divided by the Series E Preferred Unit Value Per Share, and in the case of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, the number of Series E Preferred Units (rounded down to the nearest whole share) equal to the ▇▇▇▇▇▇▇▇▇ Note Contribution Amount divided by the Series E Preferred Unit Value Per Share, in exchange for the contribution of a certificate portion of the Secretary Vulcan Contingent Interest and ▇▇▇▇▇▇▇▇▇ Promissory Note, respectively, to the Buyer; and
(B) the amount(s) payable to such counterparty or equivalent officer) of holder, as specified in the Target Company certifying Debt Payoff Letters and identified next to such holder’s name on the names Estimated Closing Statement and signatures of the officers of the Target Company authorized to sign in accordance with this Agreement; provided, that in the Ancillary Documents case of Vulcan and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, such amount shall be reduced by the Vulcan Contingent Interest Contribution Amount and the other documents to be delivered hereunder and thereunder▇▇▇▇▇▇▇▇▇ Note Contribution Amount, respectively;
(v) to each Person who is owed a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority portion of the jurisdiction under Estimated Transaction Expenses:
(A) with respect to each Estimated Transaction Expense other than the Laws ICU Equivalent Cash Bonus Payments, the amount sufficient to pay such Estimated Transaction Expense, as specified in which the Target Company is organizedTransaction Expenses Payoff Instructions and in accordance with this Agreement; and
(B) with respect to each ICU Equivalent Cash Bonus Payment, the amount sufficient to pay such ICU Equivalent Cash Bonus Payment, as specified in Schedule 1.1(b) and in accordance with this Agreement, shall be deposited with the applicable Enhanced Entity to be paid on the Closing Date in accordance with the applicable Enhanced Entity’s payroll practices;
(vi) to each Rollover Seller,
(A) the Consideration Spreadsheet contemplated number of Series E Preferred Units (rounded down to the nearest whole share) equal to that portion of the Rollover Units Value specified next to such Rollover Seller’s name on Schedule 2.3(a)(vi) divided by the Series E Preferred Unit Value Per Share; and
(B) counterparts of the Buyer LLC Agreement and the Equityholders Agreement, duly executed by Holdings, Buyer and the other “Preferred Unitholders” party thereto, and in Section 2.6the case of the Buyer LLC Agreement, Keystone Capital XXX LLC (“Keystone”);
(vii) to the FIRPTA StatementSeller Representative, an amount equal to the Seller Representative Expense Amount, in accordance with wire instructions provided by the Seller Representative; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, a counterpart of the transactions contemplated ▇▇▇▇▇▇▇▇▇ Employment Agreement, duly executed by this AgreementECG NewCo.
(b) At the Closing, Holdings the Sellers shall deliver deliver, or cause to Seller Representative (or such other Person as may be specified herein) delivered to the Buyer, the following:
(i) executed transfer instruments in customary form related to the Purchased Interests owned or held by each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsSeller;
(ii) stock certificates representing letters of resignation from the portion directors or managers, as applicable, of Holdings Equity allocated to the Blockers, ECP and ECG;
(iii) a certificate of each Seller of the Blockers certifying that each Blocker is not, and has not been, a United States real property holding corporation, within the meaning of Section 897 of the Code, during the applicable period specified in Section 897(c)(1)(a)(ii) of the Code, which certificate complies with the requirements of Section 1445 of the Code (including an appropriate IRS notification letter);
(iv) a certification of non-foreign status in accordance with U.S. Treasury Regulation Section 1.1445-2(b)(2) and Section 1446(f) of the Code from each of the Sellers other than the Trident Sellers, or to the extent that such Seller is disregarded as an entity from its parent, from such Seller’s Pro Rata Shareregarded owner; and
(v) the certificates referred to in Section 8.3(a), duly executed by the Companies and the Sellers.
(c) At the Closing, the Seller Representative shall deliver, or cause to be delivered to the Buyer, the following:
(i) counterparts of the Escrow Agreement, duly executed by the Seller Representative;
(ii) the Debt Payoff Letters, duly executed by each holder of Payoff Indebtedness; and
(iii) certificates of good standing or the equivalent of recent date for each of the Blockers, ECG, and ECP from their respective jurisdictions of organization.
(d) At the Closing, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, an individual, shall deliver, or cause to be delivered to the Buyer, the following:
(i) counterparts of the ▇▇▇▇▇▇▇▇▇ Employment Agreement, duly executed by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇; and
(ii) appropriate documents reasonably acceptable to the Buyer evidencing the contribution of a portion of the ▇▇▇▇▇▇▇▇▇ Promissory Note equal to the ▇▇▇▇▇▇▇▇▇ Note Contribution Amount to the Buyer in exchange for the Series E Preferred Units set forth in Section 2.3(a)(iv)(A), duly executed by the applicable parties to such documents.
(e) At the Closing, Vulcan shall deliver, or cause to be delivered to the Buyer, appropriate documents reasonably acceptable to the Buyer evidencing the contribution of the entire Vulcan Contingent Interest equal to the Vulcan Contingent Interest Contribution Amount to the Buyer in exchange for the Series E Preferred Units set forth in Section 2.3(a)(iv)(A), duly executed by the applicable parties to such documents.
(f) At the Closing, each Rollover Seller shall deliver, or cause to be delivered to the Buyer, counterparts of the Buyer LLC Agreement and the Equityholders Agreement, duly executed by each Rollover Seller.
(g) All payments hereunder shall be made by wire transfer of immediately available funds in United States dollars to such account as shown in may be designated to the Consideration Spreadsheet;payor by the payee at least two Business Days prior to the applicable payment date.
Appears in 4 contracts
Sources: Securities Purchase Agreement (P10, Inc.), Securities Purchase Agreement (P10, Inc.), Securities Purchase Agreement (P10, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver to Holdings Buyer the following:
(i) all stock certificates held a bill of sale in the form of Exhibit A attached hereto (the “Bill of Sale”) and duly executed by S▇▇▇▇▇, transferring the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingAssets Buyer;
(ii) a certificatecertificate of the Secretary (or equivalent officer) of Seller certifying as to the resolutions of the board of directors and the stockholders of Seller, dated which authorize the execution, delivery and performance of this Agreement, the Bill of Sale and the other agreements, instruments and documents required to be delivered in connection with this Agreement or at the Closing Date (collectively, the “Transaction Documents”) and signed by a duly authorized officer the consummation of the Target Companytransactions contemplated hereby and thereby;
(iii) such other customary instruments of transfer or assumption, that each of filings or documents, in form and substance reasonably satisfactory to Buyer, as may be required to give effect to the conditions set forth in Section 8.2(atransactions contemplated by this Agreement; and
(b) and Section 8.2(bAt the Closing, Buyer shall deliver to Seller the following:
(i) the Note Cancellation Agreement;
(ii) a UCC termination statement D▇▇▇▇▇▇▇▇ which shall have been satisfiedfiled with the Texas Secretary of State, as to Bitech and Seller;
(iii) a certificate of the Secretary (or equivalent officer) of Buyer certifying as to (A) the Target Company certifying that (a) attached thereto are true and complete copies resolutions of all resolutions adopted by the Target Company Board authorizing board of directors of Buyer, which authorize the execution, delivery and performance of this Agreement and the Ancillary other Transaction Documents and the consummation of the transactions contemplated hereby and thereby, thereby and (bB) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company Buyer authorized to sign this Agreement, the Ancillary Documents Agreement and the other documents to be delivered hereunder and thereunderTransaction Documents;
(viv) a good standing certificate (or its equivalent) from the secretary copies of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Sharebank statements since January 1, 2021 as shown in it relates to the Consideration Spreadsheet;Business.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Bimergen Energy Corp), Asset Purchase Agreement (Bitech Technologies Corp), Asset Purchase Agreement (Bitech Technologies Corp)
Closing Deliverables. (a) At or prior to the Closing, each Contributor shall deliver, or cause to be delivered, to the Seller Representative shall deliver Operating Partnership all documents necessary or appropriate to Holdings consummate the Closing, including the following, all in form and substance reasonably acceptable to the Operating Partnership:
(i) an Assignment and Assumption Agreement in substantially the form set forth in Exhibit F attached hereto transferring all stock certificates held by the Sellers representing the Sharesof such Contributor’s right, title and interest in and to each Initial Property Owner to the extent such Shares are certificated at Operating Partnership or the time of ClosingREIT, as applicable (“Assignment and Assumption Agreement”);
(ii) a certificateA certificate from such Contributor certifying to the Operating Partnership (i) the accuracy of such Contributor’s representations and warranties made by Contributor hereunder, dated and (ii) the Closing Date accuracy and signed by a duly authorized officer current enforceability of the Target Company, that each organizational documents for the applicable Initial Property Owner and (iii) the absence of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedany Fund Material Adverse Effect;
(iii) a certificate all documents and instruments, if any, necessary to reflect the change in the general partner and limited partners of the Secretary (or equivalent officer) each Initial Property Owner in its state of the Target Company certifying that (a) attached thereto are true formation and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are each state in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebywhich an Initial Property Owner is qualified;
(iv) an affidavit certifying that such Contributor is not a certificate “foreign person,” as that term is defined by Section 1445 of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderCode;
(v) all documents required by a good standing certificate (lender in connection with the assumption or its equivalent) from the secretary prepayment of state any existing loan at or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organizedprior to Closing, duly executed by each applicable party;
(vi) a duly executed copy of the Consideration Spreadsheet contemplated in Section 2.6;A&R OP Agreement; and
(vii) the FIRPTA Statement; and
(viii) such any other documents reasonably requested by the Operating Partnership or instruments as Holdings reasonably requests and are reasonably necessary or desirable to consummate assign, transfer, convey, contribute and deliver the Ownership Interests, free and clear of all Liens (other than Permitted Liens) and to effectuate the transactions contemplated by this Agreementhereby.
(b) At or prior to the Closing, Holdings the Operating Partnership or the REIT, as applicable shall deliver deliver, or cause to Seller Representative (be delivered, to each Contributor all documents necessary or such other Person as may be specified herein) appropriate to consummate the Closing, including the following, all in form and substance reasonably acceptable to each Contributor:
(i) each of the Promissory Notes made payable to each Seller an Assignment and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsAssumption Agreement;
(ii) stock certificates representing the portion Minority Interest Consideration due to SCLP pursuant to Section 1.02 hereof;
(iii) the Sub 1 Consideration due to Sub 1 pursuant to Section 1.02 hereof;
(iv) the Sub 2 Consideration due to Sub 2 pursuant to Section 1.02 hereof;
(v) the SCGP Consideration due to SCGP pursuant to Section 1.02 hereof;
(vi) a duly executed copy of Holdings Equity allocated the A&R OP Agreement; and
(vii) any other documents reasonably requested by any Contributor as may be reasonably necessary or proper to each Seller in accordance with such Seller’s Pro Rata Share, as shown in effectuate the Consideration Spreadsheet;transactions contemplated hereby.
Appears in 3 contracts
Sources: Contribution Agreement (City Office REIT, Inc.), Contribution Agreement (City Office REIT, Inc.), Contribution Agreement (City Office REIT, Inc.)
Closing Deliverables. (a) At or prior to the Escrow Closing, the Seller Representative Partnership shall deliver to Holdings Royale or, if otherwise provided below, to the Escrow Agent, the following, as provided below:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, general partner of the Partnership that each of the conditions set forth in Section 8.2(a8.02(a) and Section 8.2(b8.02(b) have been satisfied;
(iiiii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company general partner of the Partnership certifying that (a1) attached thereto are true and complete copies of all resolutions adopted by the Target Company Matrix Board authorizing the execution, delivery and performance of this Agreement by Matrix, as general partner of the Partnership, and the Ancillary Documents and the consummation of the transactions contemplated hereby hereby, (2) that each of the Partners has executed and therebydelivered the Requisite Partners’ Consent, that all resolutions of the Matrix Board and (b) such resolutions all authorizations provided by each Partner in connection with the Requisite Partners’ Consent are in full force and effect without modification or amendment;
(iii) a partnership certificate representing all of the outstanding MI LP Interests and are all properly executed and completed Letters of Transmittal with respect thereto, in the resolutions adopted in connection with form attached to Exhibit D (“Letters of Transmittal”), shall be delivered by the transactions Partners to the Escrow Agent. In addition, the Partners shall execute and deliver to Royale, and shall cause the Partnership to execute and deliver to Royale, the documents, certificates, opinions, instruments and agreements required to be executed and delivered by the Partnership or its Partners at the Closing as contemplated hereby or as may be reasonably requested by the Parent and thereby;shall deliver or cause to be delivered the documents and evidence required under this Agreement.
(iv) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company general partner of the Partnership certifying the names and signatures of the officers of the Target Company general partner authorized to sign this Agreement, the Ancillary Partnership Related Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company Partnership is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6351 Plan;
(vii) certificates of non-foreign status delivered by each Partner of the FIRPTA StatementPartnership under Section 1445 of the IRC; and
(viii) such other documents or instruments as Holdings Royale reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings Royale shall deliver to Seller Representative the Partnership (or such other Person as may be specified herein) the following:
(i) each of instructions to Royale’s transfer agent to issue and deliver to the Promissory Notes made payable Partners the Exchange Consideration to each Seller and be issued as provided in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsARTICLE II;
(ii) stock instructions to Royale’s transfer agent to issue and deliver to the holders of convertible debt of Matrix the Debt Exchange Consideration;
(iii) evidence that the Matrix Senior Indebtedness shall have been assumed by Parent or paid off as of the Closing Date in accordance with Section 6.17;
(iv) a certificate, dated the Closing Date and signed by a duly authorized officer of each Royale Party, that each of the conditions set forth in Section 8.03(a) and Section 8.03(b) have been satisfied;
(v) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Royale Parties certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of the Royale Parties authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(vi) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Royale Parties certifying the names and signatures of the officers of the Royale Parties authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(vii) evidence of the establishment of a new Subsidiary and the transfer of all of the assets related to the DWI Business of Royale (including assets held in trust for its investors);
(viii) the Section 351 Plan;
(ix) employment agreements executed by Parent and each of ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇ Sheevel, all in a form reasonably acceptable to Royale and Matrix;
(x) certificates representing or other evidence reasonably satisfactory to the portion Partnership confirming that none of Holdings Equity allocated the Royale Stockholders owning more than 5% of the number of shares of Royale Common Stock outstanding immediately before the Royale Merger is a “foreign person” within the meaning of Treasury Regulation § 1445-2(b); and
(xi) such other documents or instruments as the Partnership reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(c) At the Closing, provided that (i) the conditions of this ARTICLE VIII have been fulfilled to the reasonable satisfaction of each Seller Party entitled to satisfaction thereof, and(ii) each of the deliveries required by Section 8.04(a) and Section 8.04(b) have been made in accordance with such Seller’s Pro Rata Sharerequirements, as shown Royale and the Partnership shall provide joint written instructions to the Escrow Agent to release and deliver to Royale or its designee all of the Letters of Transmittal and partnership certificates held in escrow by Escrow Agent pursuant to the Consideration Spreadsheet;Escrow Agreement.
Appears in 3 contracts
Sources: Agreement and Plan of Exchange (Royale Energy Inc), Agreement and Plan of Exchange (Royale Energy Inc), Agreement and Plan of Exchange (Royale Energy Inc)
Closing Deliverables. (a) At or prior to the Escrow Closing, the Seller Representative Partnership shall deliver to Holdings Royale or, if otherwise provided below, to the Escrow Agent, the following, as provided below:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, general partner of the Partnership that each of the conditions set forth in Section 8.2(a8.02(a) and Section 8.2(b8.02(b) have been satisfied;
(iiiii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company general partner of the Partnership certifying that (a1) attached thereto are true and complete copies of all resolutions adopted by the Target Company Matrix Board authorizing the execution, delivery and performance of this Agreement by Matrix, as general partner of the Partnership, and the Ancillary Documents and the consummation of the transactions contemplated hereby hereby, (2) that each of the Partners has executed and therebydelivered the Requisite Partners’ Consent, that all resolutions of the Matrix Board and (b) such resolutions all authorizations provided by each Partner in connection with the Requisite Partners’ Consent are in full force and effect without modification or amendment;
(iii) a partnership certificate representing all of the outstanding MI LP Interests and are all properly executed and completed Letters of Transmittal with respect thereto, in the resolutions adopted in connection with form attached to Exhibit D (“Letters of Transmittal”), shall be delivered by the transactions Partners to the Escrow Agent. In addition, the Partners shall execute and deliver to Royale, and shall cause the Partnership to execute and deliver to Royale, the documents, certificates, opinions, instruments and agreements required to be executed and delivered by the Partnership or its Partners at the Closing as contemplated hereby or as may be reasonably requested by the Parent and thereby;shall deliver or cause to be delivered the documents and evidence required under this Agreement.
(iv) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company general partner of the Partnership certifying the names and signatures of the officers of the Target Company general partner authorized to sign this Agreement, the Ancillary Partnership Related Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company Partnership is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6351 Plan;
(vii) certificates of non-foreign status delivered by each Partner of the FIRPTA StatementPartnership under Section 1445 of the IRC; and
(viii) such other documents or instruments as Holdings Royale reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings Royale shall deliver to Seller Representative the Partnership (or such other Person as may be specified herein) the following:
(i) each of instructions to Royale’s transfer agent to issue and deliver to the Promissory Notes made payable Partners the Exchange Consideration to each Seller and be issued as provided in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsARTICLE II;
(ii) stock instructions to Royale’s transfer agent to issue and deliver to the holders of Matrix Preferred Interests the Preferred Exchange Consideration;
(iii) evidence that the Matrix Senior Indebtedness shall have been assumed by Parent or paid off as of the Closing Date in accordance with Section 6.17;
(iv) a certificate, dated the Closing Date and signed by a duly authorized officer of each Royale Party, that each of the conditions set forth in Section 8.03(a) and Section 8.03(b) have been satisfied;
(v) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Royale Parties certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of the Royale Parties authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(vi) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Royale Parties certifying the names and signatures of the officers of the Royale Parties authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(vii) evidence of the establishment of a new Subsidiary and the transfer of all of the assets related to the DWI Business of Royale (including assets held in trust for its investors);
(viii) the Section 351 Plan;
(ix) employment agreements executed by Parent and each of J▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, D▇▇▇▇▇ ▇▇▇▇▇▇, S▇▇▇▇▇▇ ▇▇▇▇▇▇, J▇▇▇▇▇ ▇▇▇▇▇▇, J▇▇ ▇▇▇▇▇▇▇▇ and J▇▇ Sheevel, all in a form reasonably acceptable to Royale and Matrix;
(x) certificates representing or other evidence reasonably satisfactory to the portion Partnership confirming that none of Holdings Equity allocated the Royale Stockholders owning more than 5% of the number of shares of Royale Common Stock outstanding immediately before the Royale Merger is a “foreign person” within the meaning of Treasury Regulation § 1445-2(b); and
(xi) such other documents or instruments as the Partnership reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(c) At the Closing, provided that (i) the conditions of this ARTICLE VIII have been fulfilled to the reasonable satisfaction of each Seller Party entitled to satisfaction thereof, and(ii) each of the deliveries required by Section 8.04(a) and Section 8.04(b) have been made in accordance with such Seller’s Pro Rata Sharerequirements, as shown Royale and the Partnership shall provide joint written instructions to the Escrow Agent to release and deliver to Royale or its designee all of the Letters of Transmittal and partnership certificates held in the Consideration Spreadsheet;escrow by Escrow Agent pursuant to this Agreement.
Appears in 3 contracts
Sources: Agreement and Plan of Exchange (Royale Energy, Inc.), Agreement and Plan of Exchange (Royale Energy, Inc.), Agreement and Plan of Exchange (Royale Energy, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall Company will deliver or cause to Holdings the followingbe delivered:
(i) all stock certificates held to Acquiror, a certificate signed by an officer of the Sellers representing Company, dated as of the SharesClosing Date, certifying that, to the extent knowledge and belief of such Shares are certificated at officer, the time of Closingconditions specified in Section 9.2(a) and Section 9.2(b) have been fulfilled;
(ii) a certificateto Acquiror, dated the Closing Date and signed by a duly authorized officer written resignations of all of the Target Company, that each directors of the conditions set forth Company (other than those Persons identified as the initial directors of the Surviving Corporation, in accordance with the provisions of Section 8.2(a) and Section 8.2(b) have been satisfied2.6(a)), effective as of the Effective Time;
(iii) a certificate to Acquiror, the Registration Rights Agreement, duly executed by the Company and each of the Secretary Company Stockholders (or equivalent officerand their Affiliates) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyparty thereto;
(iv) a certificate to Acquiror, the Lock-Up Agreement, duly executed by each of the Secretary Key Holders listed in clause (or equivalent officera) of the Target Company certifying the names and signatures definition of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderKey Holders;
(v) a good standing certificate (or its equivalent) from to Acquiror, evidence that the secretary of state or similar Governmental Authority Affiliate Agreements set forth on Section 6.3 of the jurisdiction under Company Disclosure Letter have been terminated or settled at or prior to the Laws in which Closing without further liability to Acquiror, the Target Company is organized;or any of the Company’s Subsidiaries; and
(vi) to Acquiror, a certificate on behalf of the Consideration Spreadsheet contemplated Company, prepared in a manner consistent and in accordance with the requirements of Treasury Regulations Sections 1.897-2(g), (h) and 1.1445-2(c)(3), certifying that no interest in the Company is, or has been during the relevant period specified in Section 2.6;
(vii897(c)(1)(A)(ii) of the FIRPTA Statement; and
(viiiCode, a “United States real property interest” within the meaning of Section 897(c) such other documents or instruments as Holdings reasonably requests of the Code, and are reasonably necessary a form of notice to consummate the transactions contemplated by this AgreementIRS prepared in accordance with the provisions of Treasury Regulations Section 1.897-2(h)(2).
(b) At the Closing, Holdings shall Acquiror will deliver or cause to Seller Representative (or such other Person as may be specified herein) the followingdelivered:
(i) each of to the Promissory Notes made payable Exchange Agent, the Aggregate Merger Consideration for further distribution to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsCompany Stockholders pursuant to Section 3.2;
(ii) stock certificates representing to the portion Company, a certificate signed by an officer of Holdings Equity allocated Acquiror, dated as of the Closing Date, certifying that, to the knowledge and belief of such officer, the conditions specified in Section 9.3(a) and Section 9.3(b) have been fulfilled;
(iii) to the Company, the Registration Rights Agreement, duly executed by A▇▇▇▇▇▇▇, the Sponsor and its Affiliates party thereto;
(iv) to the Company, the Lock-Up Agreement, duly executed by each Seller of the Key Holders listed in clause (b) of the definition of Key Holders; and
(v) to the Company, the written resignations of all of the directors and officers of A▇▇▇▇▇▇▇ and M▇▇▇▇▇ Sub (other than those Persons identified as the initial directors of Acquiror, in accordance with the provisions of Section 2.6(b) and Section 7.6), effective as of the Effective Time.
(c) On the Closing Date, concurrently with the Effective Time, or at such Sellerlater time as may be agreed by the Parties and the applicable third party recipient of the payment, the Acquiror shall pay or cause to be paid by wire transfer of immediately available funds, (i) all accrued and unpaid Acquiror Transaction Expenses as set forth on the written statement to be delivered to the Company pursuant to Section 8.7 and (ii) all accrued and unpaid Transaction Expenses as set forth on a written statement to be delivered to Acquiror pursuant to Section 8.7; provided, that any accrued and unpaid Transaction Expenses due to current or former employees, independent contractors, officers, or directors of the Company or any of its Subsidiaries shall be paid to the Company for further payment to such employee, independent contractor, officer or director through the Company’s Pro Rata Sharepayroll; provided, further, that Sponsor shall pay, or cause its Affiliates (other than Acquiror) to pay, on the Closing Date, concurrently with the Effective Time, or at such later time as shown may be agreed by Sponsor and the applicable third party recipient of the payment, all accrued and unpaid Acquiror Transaction Expenses that exceed the Acquiror Expense Cap in accordance with the Consideration Spreadsheet;terms of the Sponsor Support Agreement.
Appears in 3 contracts
Sources: Merger Agreement (Southport Acquisition Corp), Merger Agreement (Angel Studios, Inc.), Merger Agreement (Southport Acquisition Corp)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall Company will deliver or cause to Holdings the followingbe delivered to OmniLit:
(i) all stock certificates held a certificate signed by an officer of the Sellers representing Company, dated as of the SharesClosing Date, certifying that, to the extent knowledge and belief of such Shares are certificated at officer, the time of Closingconditions specified in Section 9.2(a) and Section 9.2(b) have been fulfilled (the “Company Closing Certificate”);
(ii) a certificate, dated evidence reasonably satisfactory to the Closing Date and signed by a duly authorized officer of OmniLit that the Target Company, that each of the conditions requirements set forth in Section 8.2(a) and Section 8.2(b) 3.4 have been satisfiedfulfilled;
(iii) the written resignations of all of the directors of the Company (other than any such Persons identified as initial directors of the Surviving Corporation, in accordance with Section 2.6), effective as of the Effective Time;
(iv) a certificate of the Secretary (or equivalent officer) secretary of the Target Company certifying that (a) attached thereto are true the resolutions of the board of directors of the Company approving and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the its Ancillary Documents Agreements and the consummation of the transactions contemplated hereby and thereby, thereby (together with an incumbency and (bsignature certificate regarding the officer(s) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate signing on behalf of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderCompany);
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of Registration Rights Agreement, duly executed by the jurisdiction under Major Company Stockholders who have elected to execute the Laws in which the Target Company is organizedRegistration Rights Agreement;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;Sponsor Support Agreement, duly executed by an officer of the Company; and
(vii) a Certificate of Good Standing for the FIRPTA Statement; andCompany from the Secretary of State of the State of Delaware;
(viii) such other documents a certificate on behalf of the Company, prepared in a manner consistent and in accordance with the requirements of Treasury Regulations Sections 1.897-2(g), (h) and 1.1445-2(c)(3), certifying that no interest in the Company is, or instruments as Holdings reasonably requests has been during the relevant period specified in Section 897(c)(1)(A)(ii) of the Code, a “United States real property interest” within the meaning of Section 897(c) of the Code, and are reasonably necessary a form of notice to consummate the transactions contemplated by this AgreementIRS prepared in accordance with the provisions of Treasury Regulations Section 1.897-2(h)(2).
(b) At the Closing, Holdings shall OmniLit will deliver or cause to Seller Representative (or such other Person as may be specified herein) the followingdelivered:
(i) each to the Exchange Agent, the number of shares of OmniLit Post-Merger Class A Common Stock equal to the portion of the Promissory Notes made payable Aggregate Merger Consideration to each Seller and in be paid to holders of Company Common Stock for further distribution to the principal amounts set forth in Company’s stockholders pursuant to Section 3.2, provided, that, for the Consideration Spreadsheetavoidance of doubt, duly executed by Holdingssuch shares shall be delivered immediately following the effectiveness of the OmniLit Post-Merger Charter;
(ii) stock certificates representing to the portion Company, a certificate signed by an officer of Holdings Equity allocated OmniLit, dated the Closing Date, certifying that, to each Seller the knowledge and belief of such officer, the conditions specified in Section 9.3(a) and Section 9.3(b) have been fulfilled (the “OmniLit Closing Certificate”);
(iii) to the Company, the Registration Rights Agreement, duly executed by duly authorized representatives of OmniLit and the Sponsor;
(iv) the Sponsor Support Agreement, duly executed by the Sponsors (as defined therein) and an officer of OmniLit; and
(v) to the Company, the written resignations of all of the directors and officers of O▇▇▇▇▇▇ and M▇▇▇▇▇ Sub (other than those Persons identified as the initial directors and officers, respectively, of OmniLit after the Effective Time, in accordance with the provisions of Section 2.6 and Section 7.6), effective as of the Effective Time.
(c) On the Closing Date, concurrently with the Effective Time, OmniLit shall pay or cause to be paid by wire transfer of immediately available funds, without duplication, (i) (A) the OmniLit Transaction Expenses as set forth on OmniLit Transaction Expenses Certificate, and (B) any amounts outstanding under any Working Capital Loans, and (ii) the Company Transaction Expenses as set forth on Company Transaction Expenses Certificate; provided, that any Company Transaction Expenses due to current or former employees, independent contractors, officers, or directors of the Company or any of its Subsidiaries shall be paid to the Company for further payment to such Selleremployee, independent contractor, officer or director through the Company’s Pro Rata Share, as shown in the Consideration Spreadsheet;payroll.
Appears in 3 contracts
Sources: Merger Agreement (OmniLit Acquisition Corp.), Merger Agreement (OmniLit Acquisition Corp.), Merger Agreement (OmniLit Acquisition Corp.)
Closing Deliverables. (a) At or prior On the terms and subject to the Closing, the Seller Representative shall deliver to Holdings the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents closing of all Backstop Commitments, the Rights Offering, the PIPE Transaction and the Debt Conversion (collectively, the “Closing”) shall occur remotely via electronic exchange of required Closing documentation concurrently on the third (3rd) Business Day following the later of (i) the issuance by the Company of all Subscription Notices (with copy to the Lien Purchasers) and (ii) the date that all of the conditions to the Closing set forth in Section 10 of this Agreement have been satisfied or, to the extent permitted by applicable law, waived (other documents than those conditions that by their nature are to be delivered hereunder satisfied at the Closing, but subject to the satisfaction or waiver of such conditions), or at such place, time, and thereunder;
date as shall be agreed between the Company and the Investor (v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in date on which the Target Company is organized;
(vi) Closing occurs, the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement“Closing Date”).
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
Closing (i) each Backstop Purchaser shall deliver to the Company its Backstop Purchase Price in respect of the Promissory Notes made payable to each Seller and in the principal amounts its Backstop Acquired Shares as set forth in the Consideration Spreadsheetapplicable Subscription Notice, duly executed by Holdings;
(ii) stock certificates representing Investor shall deliver to the Company the Investor PIPE Purchase Price, and (iii) Vital shall deliver to the Company, the Vital PIPE Purchase Price, in each case of (i), (ii) and (iii), by wire transfer in immediately available funds to the account designated by the Company in writing at least two (2) Business Days prior to the Closing Date. Additionally, at the Closing, the Company shall deliver (i) to each Backstop Purchaser, its Backstop Acquired Shares, (ii) to Investor, its PIPE Shares, (iii) to Vital, its PIPE Shares, and (iv) to each Lien Purchaser, its portion (determined based on each Lien Purchaser’s pro rata portion of Holdings Equity allocated the Rollover Debt Amount) of the Rollover Shares, in each case of (i), (ii), (iii) and (iv), in book-entry form, free and clear of all liens, other than liens arising by reason of the transactions contemplated by this Agreement under applicable federal or state laws, to the account of each Seller Purchaser designated by such Purchaser in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;writing.
Appears in 3 contracts
Sources: Standby, Securities Purchase and Debt Conversion Agreement (Barnes & Noble Education, Inc.), Standby, Securities Purchase and Debt Conversion Agreement (Immersion Corp), Standby, Securities Purchase and Debt Conversion Agreement
Closing Deliverables. (a) At or prior to the Closing, the each Seller Representative shall deliver or cause to Holdings be delivered to Buyer the following:
(i) all stock certificates held by the Sellers representing the Shares, a counterpart to the extent Assignment and Assumption Agreement, duly executed by such Shares are certificated at the time of ClosingSeller;
(ii) a certificateduly completed and executed Internal Revenue Service Form W-9 of such Seller (or if such Seller is treated as an entity disregarded as separate from its regarded owner for U.S. federal and applicable state and local income Tax purposes, dated the Closing Date and signed by a duly authorized officer of the Target Companythen such Seller’s regarded owner); provided, that each of the conditions set forth in Buyer’s sole right if a Seller fails to produce such Internal Revenue Service Form W-9 shall be to make an appropriate withholding with respect to such Seller pursuant to Section 8.2(a) and Section 8.2(b) have been satisfied2.5;
(iii) a certificate the resignation (or evidence of removal) of such Seller’s designee(s) on the EPIC Board and the EPIC GP Board (in such designee(s)’ capacity as such) effective as of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyClosing;
(iv) a the officer’s certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderby such Seller as specified in Section 8.2(f);
(v) a good standing certificate (or its equivalent) from duly executed counterpart to the secretary of state or similar Governmental Authority of termination agreement with respect to the jurisdiction under the Laws in which the Target Company is organized;Confidentiality Agreement; and
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other certificates, instruments and documents which are required by the other terms of this Agreement to be executed and/or delivered at the Closing by such Seller or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreementany of its Affiliates.
(b) At the Closing, Holdings Buyer shall deliver or cause to be delivered to each Seller Representative (or such other Person as may be specified herein) the following:
(i) each an amount equal to such Seller’s Pro Rata Share of the Promissory Notes made payable Estimated Purchase Price, by wire transfer of immediately available funds to each Seller and the account or accounts designated in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsClosing Payments Schedule;
(ii) stock certificates representing a counterpart to the portion of Holdings Equity allocated Assignment and Assumption Agreement, duly executed by Buyer (or its designated Affiliate);
(iii) the officer’s certificate to each Seller be delivered by ▇▇▇▇▇ as specified in accordance Section 8.1(e);
(iv) a duly executed counterpart to the termination agreement with such Seller’s Pro Rata Share, as shown respect to the Confidentiality Agreement;
(v) an Adoption Agreement in the Consideration Spreadsheetform attached as Exhibit A to the EPIC LP Agreement, duly executed by ▇▇▇▇▇;
(vi) a guaranty of the full and timely performance of all obligations of Buyer under the EPIC LP Agreement in a form sufficient to qualify Buyer as a “Qualified Transferee” thereunder, duly executed by ▇▇▇▇▇ ▇▇▇▇▇▇; and
(vii) such other certificates, instruments and documents which are required by the other terms of this Agreement to be executed and/or delivered at the Closing by Buyer or any of its Affiliates.
Appears in 3 contracts
Sources: Purchase and Sale Agreement (Plains All American Pipeline Lp), Purchase and Sale Agreement (Plains Gp Holdings Lp), Purchase and Sale Agreement (Kinetik Holdings Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver or cause to Holdings be delivered the followingfollowing items to each Investor, against payment by such Investor of its Consideration as set forth in Schedule B:
(i) all stock certificates held by the Sellers a duly issued share certificate representing the Shares, Purchase Shares purchased by such Investor pursuant to the extent such Shares are certificated at the time of ClosingSection 2.2(a);
(ii) a certificate, compliance certificate dated as of the Closing Date and signed by a duly authorized officer representative of each member of the Target Company, Company Group and by the Founder certifying that each of all the conditions set forth specified in Section 8.2(a) and Section 8.2(b) 5 have been satisfiedfulfilled and stating that there shall have been no Material Adverse Effect since the Statement Date;
(iii) counterparts of each Transaction Document to which any Warrantor is a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted party, duly executed by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyWarrantor;
(iv) a certificate copies of the Secretary (or equivalent officer) directors’ resolutions and/or shareholders’ resolutions of the Target Company certifying the names and signatures other members of the officers Company Group, where appropriate, approving, among other things, (A) the issuance and sale of the Target Purchase Shares to such Investor, (B) the issue of new share certificates in respect of the Purchase Shares to such Investor, and (C) the execution of the Transaction Documents to which such member of the Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderGroup is a party;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority Amended Articles in the form attached hereto as Exhibit 1 which shall have been duly adopted by all necessary actions of the jurisdiction Board of Directors and/or the Shareholders of the Company and shall have become and remain effective under the Laws in which of the Target Company is organizedCayman Islands;
(vi) copies of the Consideration Spreadsheet contemplated in Section 2.6;
(vii) register of members and register of directors of the FIRPTA StatementCompany as of the Closing Date certified by a director of the Company as true copies updated to show such Investor as the holder of the number of Purchase Shares to be purchased at Closing and the Series E Director nominated by Ctrip as a director of the Company at Closing; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate a copy of the transactions contemplated by this AgreementWarrantors’ Disclosure Schedule (the “Disclosure Schedule”).
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the followingeach Investor shall:
(i) each of pay to an account, specified by the Promissory Notes made payable Company to each Seller and such Investor at least five (5) Business Days prior to the Closing Date, by wire transfer in immediately available US$ funds the Consideration set forth opposite its name in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;third column of Schedule B hereto; and
(ii) stock certificates representing the portion deliver or cause to be delivered executed counterparts of Holdings Equity allocated each Transaction Document to each Seller in accordance with which such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;Investor is a party.
Appears in 3 contracts
Sources: Share Purchase Agreement (eHi Car Services LTD), Share Purchase Agreement (eHi Car Services LTD), Share Purchase Agreement (eHi Car Services LTD)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Buyer shall deliver to Holdings have received the following:
: (i) all stock certificates held a b▇▇▇ of sale and assignment and assumption agreement substantially in the form attached hereto as Exhibit C (the “B▇▇▇ of Sale and Assignment and Assumption Agreement”), duly executed by the Sellers representing Seller; (ii) an Intellectual Property assignment agreement substantially in the Sharesform attached hereto as Exhibit D (the “IP Assignment Agreement”), duly executed by the Seller; (iii) an Intellectual Property assignment agreement in a form reasonably acceptable to the Buyer, duly executed by the Seller and Comex Consulting, S.L.; (iv) an Intellectual Property assignment agreement in a form reasonably acceptable to the Buyer, duly executed by the Seller and the Owner; (v) an escrow agreement substantially in the form attached hereto as Exhibit E (the “Escrow Agreement”), duly executed by the Seller and the Escrow Agent; (vi) copies of all consents, approvals, waivers, and authorizations set forth in Section 3.04 of the Disclosure Schedules; (vii) to the extent such Shares are certificated at applicable, duly executed payoff letters, UCC-3 termination statements, or other documents necessary to evidence the time termination of Closing;
all Liens in respect of the Purchased Assets; (iiviii) a certificate of non-foreign status, from the Seller, that complies with Treasury Regulation Section 1.1445-2(b)(2); (ix) the consulting agreement substantially in the form attached hereto as Exhibit F (the “Consulting Agreement”), duly executed by Comex Consulting, S.L.; (x) a personal goodwill sale agreement substantially in the form attached hereto as Exhibit G, duly executed by the Owner; (xi) a certificate, dated the Closing Date and signed duly executed by a duly authorized an executive officer of the Target CompanySeller, certifying that the Seller has complied with each of the conditions set forth in Section 8.2(a6.02(a) and Section 8.2(b6.02(b); (xii) have been satisfied;
(iii) a certificate of duly executed sole source letters from the Secretary (or equivalent officerPersons set forth on Section 6.02(c)(xii) of the Target Company certifying that Disclosure Schedules; (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(ivxiii) a certificate of joinder agreement to the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Preferred Financing Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and substantially in the principal amounts set forth in the Consideration Spreadsheetform attached hereto as Exhibit H, duly executed by Holdings;
the Seller; (iixiv) stock fully executed and valid state resale certificates representing for the portion State of Holdings Equity allocated New Jersey and the State of California; and (xv) such other customary instruments of transfer, assumption, filings, or documents, in form and substance reasonably satisfactory to each Seller in accordance with such Seller’s Pro Rata Sharethe Buyer, as shown in the Consideration Spreadsheet;may be required to give effect to this Agreement.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Winc, Inc.), Asset Purchase Agreement (Winc, Inc.), Asset Purchase Agreement (Winc, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver or cause to Holdings be delivered the followingfollowing items to each Investor, against payment by such Investor of its Consideration as set forth in Schedule B:
(i) all stock certificates held by the Sellers a duly issued share certificate representing the Shares, Purchase Shares purchased by such Investor pursuant to the extent such Shares are certificated at the time of ClosingSection 2.2(a);
(ii) a certificate, compliance certificate dated as of the Closing Date and signed by a duly authorized officer representative of each member of the Target Company, Company Group and by the Founder certifying that each of all the conditions set forth specified in Section 8.2(a) and Section 8.2(b) 5 have been satisfiedfulfilled and stating that there shall have been no Material Adverse Effect since the Statement Date;
(iii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance counterparts of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebyto which any Warrantor is a party, and (b) duly executed by such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyWarrantor;
(iv) a certificate copies of the Secretary (or equivalent officer) directors’ resolutions and/or shareholders’ resolutions of the Target Company certifying the names and signatures other members of the officers Company Group, where appropriate, approving, among other things, (A) the issuance and sale of the Target Purchase Shares to such Investor, (B) the issue of new share certificates in respect of the Purchase Shares to such Investor, and (C) the execution of this Agreement to which such member of the Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderGroup is a party;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority Amended Articles in the form attached hereto as Exhibit 1 which shall have been duly adopted by all necessary actions of the jurisdiction Board of Directors and/or the Shareholders of the Company and shall have become and remain effective under the Laws in which of the Target Company is organizedCayman Islands;
(vi) copies of the Consideration Spreadsheet contemplated in Section 2.6;
(vii) register of members of the FIRPTA StatementCompany as of the Closing Date certified by a director of the Company as true copies updated to show such Investor as the holder of the number of Purchase Shares to be purchased at Closing ; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate a copy of the transactions contemplated by this AgreementWarrantors’ Disclosure Schedule (the “Disclosure Schedule”).
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the followingeach Investor shall:
(i) each of pay to an account, specified by the Promissory Notes made payable Company to each Seller and such Investor at least five (5) Business Days prior to the Closing Date, by wire transfer in immediately available US$ funds the Consideration set forth opposite its name in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;third column of Schedule B hereto; and
(ii) stock certificates representing the portion deliver or cause to be delivered executed counterparts of Holdings Equity allocated this Agreement to each Seller in accordance with which such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;Investor is a party.
Appears in 3 contracts
Sources: Share Purchase Agreement (eHi Car Services LTD), Share Purchase Agreement (eHi Car Services LTD), Share Purchase Agreement (eHi Car Services LTD)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Shareholders shall deliver the following to Holdings the followingPurchaser:
(i) all stock certificates held a certificate, in form and substance reasonably satisfactory to the Purchaser, signed by the Sellers representing secretary of the SharesCompany, dated the Closing Date, certifying as to (i) the extent such Shares are certificated at organizational documents of the time Company as in effect on the Closing Date; and (ii) certificates of Closinggood standing of the Company from the Secretary of State of the States of Delaware and Florida as of a recent date;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth Consents identified in Section 8.2(a) and Section 8.2(b) have been satisfiedPart 2.22 of the Company Disclosure Schedule;
(iii) a certificate certificate, executed by each of the Secretary Shareholders (or equivalent officerthe "Shareholder Closing Certificate"), setting forth that the conditions in Sections 5.1(a) and 5.1(b) have been met;
(iv) board resolutions of the Target Company certifying that evidencing the election of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ to the board of directors of the Company;
(av) the Shareholder Stock Certificates and Stock Assignments;
(vi) the rescission agreement, in the form attached thereto are true and complete copies hereto as Exhibit E, executed by each of all resolutions adopted the Shareholders (the "Rescission Agreement");
(vii) the Letter Agreement executed by the Target Company Board authorizing and STIC;
(viii) the executionagreements evidencing the ISx Debt executed by the parties thereto in the forms attached hereto as Exhibit F, delivery and performance which agreements shall include an amendment to the UCC-1 financing statement that is currently on file for the benefit of this Agreement and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Partners, L.P. with the Ancillary Documents and Company listed as the consummation debtor to conform the description of the transactions contemplated hereby collateral and therebyother terms and obligations to the terms of the ISx Debt and to assign ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ as agent for the lenders pursuant to the terms of the ISx Debt;
(ix) Purchaser's form of Second Amended and Restated Investor Rights Agreement, executed by each of the Shareholders and Messrs. Downs and ▇▇▇▇▇ (b) such resolutions are in full force the case of Messrs. Downs and effect and are all ▇▇▇▇▇, with respect to the resolutions adopted underlying shares of stock issuable upon exercise of the warrants being issued to them in connection with the transactions contemplated hereby and therebyby this Agreement);
(ivx) a certificate of the Secretary (or equivalent officer) of working capital facility letter, in the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreementform attached hereto as Exhibit G, executed by STIC, the Ancillary Documents Company and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA StatementPurchaser; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified hereinxi) the following:
(i) each of the Promissory Notes made payable to each Seller and M&A letter agreement, in the principal amounts set forth in the Consideration Spreadsheetform attached hereto as Exhibit H, duly executed by Holdings;
(ii) stock certificates representing ▇▇▇▇▇▇▇ ▇▇▇▇▇ Ventures, Inc., STIC, the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;Company and Purchaser.
Appears in 3 contracts
Sources: Stock Purchase Agreement (Local Matters Inc.), Stock Purchase Agreement (Local Matters Inc.), Stock Purchase Agreement (Local Matters Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver Buyer will make the payments specified in Section 1.3 and will deliver, or cause to Holdings be delivered, to the followingSeller, as applicable:
(i) all stock certificates held the officer’s certificate contemplated by the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingSection 6.3(c);
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer counterparts of the Target Company, that each of Escrow Agreement duly executed by the conditions set forth in Section 8.2(a) Buyer and Section 8.2(b) have been satisfiedthe Escrow Agent;
(iii) a certificate counterpart of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted Transition Services Agreement duly executed by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyBuyer;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or and instruments as Holdings may be required by any other provision of this Agreement or as may reasonably requests and are reasonably necessary be required to consummate the transactions contemplated by this Agreementhereby.
(b) At the Closing, Holdings shall deliver Seller will deliver, or cause to Seller Representative (or such other Person as may be specified herein) delivered, to the followingBuyer:
(i) each of duly executed assignment documents conveying the Promissory Notes made payable Shares to each Seller and the Buyer, in the principal amounts set forth in the Consideration Spreadsheet, duly executed form reasonably required by HoldingsBuyer;
(ii) stock the certificates representing contemplated by Section 6.2(c);
(iii) a certificate of an officer of the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown Company in the Consideration Spreadsheetform the Buyer has previously approved and respecting, and to which is attached, (A) the Organizational Documents of the Company and each of the other Company and (B) the resolutions of the board of directors of the Seller respecting the Transaction Documents to which the Company is a party and the transactions this Agreement contemplates;
(iv) a counterpart of the Escrow Agreement duly executed by the Seller;
(v) a counterpart of the Transition Services Agreement duly executed by the Seller;
(vi) resignation letters from the individuals listed on Section 1.6(b)(v) of the Seller Disclosure Letter (the “Resigning Directors”) from their positions as directors or officers of any Acquired Entity;
(vii) releases, in forms reasonably acceptable to Buyer, of any Liens held by PNC Bank, National Association, in connection with the Credit Facility, and any other Liens, other than Permitted Liens, on the Shares or the assets of the Acquired Entities;
(viii) counterparts of the Terpene Supply Agreement and Citrusburst Supply Agreement duly executed by Flotek Chemistry, LLC and the Company;
(ix) good standing certificates for each Acquired Entity issued as of a date not more than five business days prior to the Closing Date by the Secretary of State of the State of Delaware;
(x) a certificate pursuant to Treasury Regulations Section 1.1445-2(b), in form reasonably acceptable to Buyer, that Seller is not a foreign person within the meaning of Section 1445 of the Code duly executed by Seller; and
(xi) such other documents and instruments as may be required by any other provision of this Agreement or as may reasonably be required to consummate the transactions contemplated hereby.
Appears in 3 contracts
Sources: Share Purchase Agreement, Share Purchase Agreement (Flotek Industries Inc/Cn/), Share Purchase Agreement (Flotek Industries Inc/Cn/)
Closing Deliverables. (a) At or prior to the Subscription Closing, the Seller Representative Company shall deliver deliver, or cause to Holdings be delivered, to the Purchaser the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated as of the Subscription Closing Date and signed by a duly authorized officer Manager of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (aA) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board Company’s Managers authorizing the execution, delivery delivery, and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (B) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby; and
(ii) Such other documents or instruments as the Purchaser reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Subscription Closing the Purchaser shall deliver, or cause to be delivered to the Company the following:
(i) The Joinder Agreement duly executed on behalf of the Purchaser reflecting the admission of the Purchaser as a Member;
(ii) a certificate, dated as of the Subscription Closing Date and signed by a duly authorized officer of Purchaser, certifying that (A) attached thereto are true and complete copies of all resolutions adopted by the board of directors of the Purchaser authorizing the execution, delivery, and performance of this Agreement and the consummation of the transactions contemplated hereby, and (B) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iii) The Subscription Payment Amount;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;The KingsCrowd Warrant; and
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such Such other documents or instruments as Holdings the Company reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(bc) At the Option Closing, Holdings the Company shall deliver deliver, or cause to Seller Representative (or such other Person as may be specified herein) delivered, to the Purchaser the following:
(i) a certificate, dated as of the Option Closing Date and signed by a Manager of the Company, certifying that (A) each of the Promissory Notes made payable to each Seller and in the principal amounts conditions set forth in Section 8.1 and Section 8.2 have been satisfied, (B) attached thereto are true and complete copies of all resolutions adopted by the Consideration SpreadsheetCompany’s Managers authorizing the execution, duly executed by Holdingsdelivery, and performance of this Agreement and the consummation of the transactions contemplated hereby and thereby, and (C) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(ii) stock certificates representing such other documents or instruments as the portion Purchaser reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(d) At the Option Closing, the Purchaser shall deliver, or cause to be delivered to the Company, the following:
(i) The Option Payment Amount;
(ii) a certificate, dated as of Holdings Equity allocated the Closing Date and signed by a duly authorized officer of Purchaser, certifying that (A) each of the conditions set forth in Section 7.1 and Section 7.2 have been satisfied, (B) attached thereto are true and complete copies of all resolutions adopted by the board of directors of the Purchaser authorizing the execution, delivery, and performance of this Agreement and the consummation of the transactions contemplated hereby, and (C) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iii) A duly executed amended and restated limited liability company agreement of the Company reflecting the redemption of the membership interests of all Members other than the Purchaser; and
(iv) such other documents or instruments as the Company may reasonably request and are reasonably necessary to each Seller in accordance with such Seller’s Pro Rata Share, as shown in consummate the Consideration Spreadsheet;transactions contemplated by this Agreement.
Appears in 2 contracts
Sources: Membership Interest Subscription and Option Agreement (KingsCrowd, Inc.), Membership Interest Subscription and Option Agreement (KingsCrowd, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative FSH shall deliver to Holdings Parent the following:
(i) all stock certificates held the Pledge and Escrow Agreement duly executed by the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingMember Representative;
(ii) such resignations of the directors, managers and officers of each Company as are contemplated by Section 5.06;
(iii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target CompanyFSH, that each of the conditions set forth in Section 8.2(a7.02(a) and Section 8.2(b7.02(b) have been satisfied;
(iiiiv) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company FSH certifying that (aA) attached thereto are true and complete copies of (1) all resolutions adopted by the Target Company FSH Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebythereby and (2) the Written Consent, and (bB) all such resolutions and the Written Consent are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(ivv) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company FSH certifying the names and signatures of the officers of the Target Company FSH authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(vvi) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target each Company is incorporated or organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6, as applicable;
(vii) the FIRPTA StatementStatements;
(viii) an updated version of Schedule 2.14 that reflects all insurance policies of FSIC that are in full force and effect as of the Closing Date;
(ix) the Consideration Spreadsheet; and
(viiix) such other documents or instruments as Holdings Parent reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings Parent shall deliver (or cause to Seller Representative be delivered) to FSH (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller Pledge and in the principal amounts set forth in the Consideration Spreadsheet, Escrow Agreement duly executed by HoldingsParent;
(ii) stock certificates representing the portion of Holdings Equity allocated Escrow Shares to each Seller the Escrow Agent;
(iii) the Closing Merger Consideration minus the Escrow Shares to the Exchange Agent, to be distributed to the FSH Members in accordance with this Agreement upon the FSH Members (A) duly completing and validly executing a letter of transmittal in substantially the form attached hereto as Exhibit B (a “Letter of Transmittal”) and (B) complying with instructions of the Exchange Agent, in each case to effect the surrender of Certificates in exchange for the applicable portion of Merger Consideration pursuant to Section 2.08(b) (with any amounts or shares remaining unclaimed by FSH Members two (2) years after the Effective Time (or such Seller’s Pro Rata Shareearlier date, immediately prior to such time when the amounts or shares would otherwise escheat to or become property of any Governmental Authority) to become, to the extent permitted by applicable Law, the property of Parent free and clear of any claims or interest of any Person previously entitled thereto);
(iv) a certificate, dated the Closing Date and signed by a duly authorized officer of Parent, that each of the conditions set forth in Section 7.03(a) and Section 7.03(b) have been satisfied;
(v) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of Parent and Merger Sub certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of Parent and the sole member of Merger Sub authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(vi) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of Parent and Merger Sub certifying the names and signatures of the officers of Parent and Merger Sub authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder; and
(vii) such other documents or instruments as shown in FSH reasonably requests and are reasonably necessary to consummate the Consideration Spreadsheet;transactions contemplated by this Agreement.
Appears in 2 contracts
Sources: Merger Agreement (United Insurance Holdings Corp.), Merger Agreement (United Insurance Holdings Corp.)
Closing Deliverables. (a) At On or prior to the Closing, the Seller Representative Company shall issue, deliver or cause to Holdings be delivered to each Purchaser the following:following (the “Company Deliverables”):
(i) all stock certificates held evidence of the issuance of the Securities in the names of the Purchasers by book-entry statement from the Sellers representing Transfer Agent (in the Shares, to name of such Purchaser as set forth on the extent such Shares are certificated at the time of ClosingStock Issuance Questionnaire included as Exhibit C hereto);
(ii) a certificatelegal opinion of Company Counsel, dated as of the Closing Date and signed in form and substance reasonably satisfactory to the Purchasers, executed by a duly authorized officer of such counsel and addressed to the Target Company, that each of Purchasers and the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedPlacement Agents;
(iii) the Registration Rights Agreement, duly executed by the Company;
(iv) duly executed Irrevocable Transfer Agent Instructions acknowledged in writing by the Transfer Agent instructing the Transfer Agent to deliver, on an expedited basis, of the issuance of the number of Securities set forth opposite the name of such Purchaser under the heading “Number of Securities Purchased” on Annex A attached hereto, registered in the name of such Purchaser (or its nominee, as directed by the Purchaser);
(v) the Company shall have filed with Nasdaq a Notification Form: Listing of Additional Shares for the listing of the Common Shares and the Conversion Shares and shall have received confirmation from Nasdaq that it has completed its review of such form with no objections to the transactions contemplated in the Transaction Documents;
(vi) a certificate of the Secretary (or equivalent officer) of the Target Company (the “Secretary’s Certificate”), dated as of the Closing Date, (A) certifying that (a) attached thereto are true and complete copies of all the resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of Directors or a duly authorized committee thereof approving the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign by this Agreement, the Ancillary other Transaction Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority issuance of the jurisdiction under Securities and the Laws Conversion Shares, (B) certifying the current versions of the certificate of incorporation, as amended, and bylaws of the Company and (C) certifying as to the signatures and authority of persons signing the Transaction Documents and related documents on behalf of the Company, in which substantially the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6form attached hereto as Exhibit E;
(vii) the FIRPTA StatementCompliance Certificate referred to in Section 5.1(h);
(viii) a certificate evidencing the formation and good standing of the Company issued by the Secretary of State of the State of Delaware, as of a date within three (3) Business Days of the Closing Date;
(ix) a certificate evidencing the Company’s qualification as a foreign corporation and good standing issued by the Secretary of State (or comparable office) of each jurisdiction in which the Company is qualified to do business as a foreign corporation, as of a date within three (3) Business Days of the Closing Date; and
(viiix) such other documents or instruments a certified copy of the Certificate of Designation, as Holdings reasonably requests and are reasonably necessary to consummate filed with the transactions contemplated by this AgreementSecretary of State of the State of Delaware.
(b) At On or prior to the Closing, Holdings each Purchaser shall deliver or cause to Seller Representative be delivered to the Company the following (or such other Person as may be specified herein) the following:“Purchaser Deliverables”):
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheetthis Agreement, duly executed by Holdingssuch Purchaser;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller its Subscription Amount, in accordance with such Seller’s Pro Rata ShareUnited States dollars and in immediately available funds, as shown in the Consideration Spreadsheetamount set forth in the “Aggregate Purchase Price” column opposite each Purchaser’s name in the table set forth on Annex A by wire transfer to the Company;
(iii) the Registration Rights Agreement, duly executed by such ▇▇▇▇▇▇▇▇▇; and
(iv) a fully completed and duly executed Stock Issuance Questionnaire in the form attached hereto as Exhibit C.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Spyre Therapeutics, Inc.), Securities Purchase Agreement (Spyre Therapeutics, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Sellers shall deliver to Holdings Buyer and Acquisition Sub the following:
(i) all stock certificates held a bill of sale transferring the Purchased Assets to Acquisition Sub, in form and substance reasonably satisfactory to Buyer (the “Bill of Sale”), duly executed by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closingeach Seller;
(ii) a certificate, dated an assignment and assumption agreement effecting the Closing Date assignment to and signed assumption by a duly authorized officer ▇▇▇▇▇ of the Target CompanyAssumed Liabilities, that in form and substance reasonably satisfactory to Buyer (the “Assignment and Assumption Agreement”), duly executed by each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedSeller;
(iii) copies of all consents, approvals, waivers and authorizations referred to in Schedule 4.02 of the disclosure schedules attached hereto (the “Disclosure Schedules”);
(iv) a completed Internal Revenue Service Form W-9 for each Seller, duly executed by such Seller;
(v) transfer documents in form and substance reasonably satisfactory to Buyer required to transfer the Company IP (collectively, the “Intellectual Property Assignment”), duly executed by each Seller;
(vi) certificates of existence or good standing, as applicable, for each Seller from the Secretary of State of the state (or from the appropriate official of any other jurisdiction) of organization of each Seller and each other jurisdiction where a Seller is required by applicable law to be qualified to do business, dated not more than five Business Days prior to the Closing Date;
(vii) a certificate of the Secretary or Assistant Secretary (or equivalent officer) of the Target Company each Seller certifying that as to (aA) attached thereto are true true, correct and complete attached copies of all the Organizational Documents of such Seller and (B) copies of the resolutions adopted by of the Target Company Board board of directors, or the equivalent thereof, of such Seller authorizing the execution, delivery and performance by such Seller of this Agreement and the Ancillary Documents each Seller Document, in form and the consummation substance reasonably satisfactory to Buyer;
(viii) a payoff letter from each Person or Persons to whom any Indebtedness is owed, in each case indicating that, upon repayment of the transactions contemplated hereby and therebysuch Indebtedness, and (b) such resolutions are Indebtedness shall be paid in full force and such Person or Persons shall no longer have any Encumbrance on any Purchased Asset, together with UCC termination statements (or authorizations to file such UCC termination statements) and other terminations or releases that, in the reasonable discretion of Buyer, are necessary to evidence and effect the release of any and are all the resolutions adopted Encumbrances in connection with the transactions contemplated hereby and therebysuch Indebtedness;
(ivix) a certificate an invoice or payoff statement from each Person or Persons to whom any amounts of the Secretary (or equivalent officer) of Seller Transaction Expenses are owed, including the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderwiring instructions for each such Person;
(vx) a good standing certificate Tax clearance certificates for each Seller from those states or local taxing authorities as reasonably requested by ▇▇▇▇▇ (or its equivalent) from to the secretary of state or similar Governmental Authority of extent applicable), dated not more than 30 days prior to the jurisdiction under the Laws in which the Target Company is organizedClosing Date;
(vixi) the Consideration Spreadsheet contemplated in Section 2.6;
(viievidence of assignment of those Patents and Patent applications set forth on Schedule 3.02(a)(xi) the FIRPTA Statementto Sellers from ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ and/or ▇▇▇ ▇▇▇▇▇; and
(viiixii) such other documents customary instruments of transfer, assumption, filings or instruments documents, in form and substance reasonably satisfactory to Buyer, as Holdings reasonably requests may be required to give effect to this Agreement and are reasonably necessary to consummate the transactions contemplated by this Agreementhereby.
(b) At the Closing, Holdings Buyer and Acquisition Sub (as applicable) shall deliver to Seller Representative (or such other Person as may be specified herein) Sellers the following:
(i) each the Closing Shares shall be issued in the name of the Promissory Notes made payable to each Seller and in the principal amounts set forth uncertificated book-entry form made available through Buyer’s transfer agent (unless otherwise determined by Buyer in the Consideration Spreadsheet, duly executed by Holdingsits sole discretion) pursuant to Article II;
(ii) stock certificates representing the portion Preferred Shares shall be issued in the name of Holdings Equity allocated to each Seller in accordance uncertificated book-entry form made available through Buyer’s transfer agent (unless otherwise determined by Buyer in its sole discretion) pursuant to Article II;
(iii) a non-revocable letter to ▇▇▇▇▇’s transfer agent with such respect to the book-entry of the Closing Shares and the Preferred Shares, which letter cannot be amended without the prior written consent of the holders of a majority of the Closing Shares and Preferred Shares issued or issuable to Seller’s Pro Rata Sharestockholders pursuant to this Agreement;
(iv) the Closing Cash;
(v) evidence of its assumption of any Indebtedness and related fees with respect to that certain Indebtedness owed by the Sellers to Vertical Investors, as shown in the Consideration Spreadsheetform satisfactory to Sellers;
(vi) the Bill of Sale, duly executed by Acquisition Sub;
(vii) the Assignment and Assumption Agreement, duly executed by Acquisition Sub; and
(viii) the Intellectual Property Assignment, duly executed by Acquisition Sub.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Interactive Strength, Inc.), Asset Purchase Agreement (Interactive Strength, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative EchoStar Parties shall deliver make, or cause to Holdings be made, the followingfollowing deliveries in the following manner:
(i) all stock EchoStar shall deliver to DNLLC certificates held by the Sellers representing the EchoStar Tracking Stock Consideration Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated HSSC shall deliver to DOLLC certificates representing the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedHSSC Tracking Stock Consideration Shares;
(iii) HSSC shall deliver to DOLLC a certificate duly executed counterpart to the ▇▇▇▇ of Sale; and
(iv) The EchoStar Parties shall deliver to the DISH Parties evidence that (A) the EchoStar Tracking Stock COD has been duly filed with the Secretary of State of the Secretary (or equivalent officer) State of Nevada in accordance with the laws of the Target Company certifying that (a) attached thereto are true State of Nevada and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are is in full force and effect and are all as of the resolutions adopted in connection Closing, (B) the HSSC Tracking Stock COD has been duly filed with the transactions contemplated hereby and thereby;
(iv) a certificate Secretary of State of the Secretary (or equivalent officer) State of Colorado in accordance with the laws of the Target Company certifying the names State of Colorado and signatures is in full force and effect as of the officers Closing and (C) the Tracking Stock Policy has been adopted and is in full force and effect as of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this AgreementClosing.
(b) At the Closing, Holdings the DISH Parties shall deliver make, or cause to Seller Representative (or such other Person as may be specified herein) made, the followingfollowing deliveries in the following manner:
(i) each DOLLC shall deliver to HSSC a duly executed counterpart to the ▇▇▇▇ of Sale.
(c) At the Closing:
(i) the DISH Parties shall receive a tax opinion from ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP, counsel to the DISH Parties, dated the Closing Date, to the effect that the Merger should be treated as a reorganization within the meaning of Section 368(a) of the Promissory Notes made payable Code and *** Certain confidential portions of this exhibit were omitted by means of redacting a portion of the text. Copies of the exhibit containing the redacted portions have been filed separately with the Securities and Exchange Commission subject to each Seller a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act. that the Contributions should be treated as tax-free contributions within the meaning of Section 351 of the Code. In rendering such opinion, such counsel shall be entitled to receive and in rely upon tax representation letters reasonably requested by such counsel and delivered by officers of the principal amounts set forth in DISH Parties and the Consideration Spreadsheet, duly executed by Holdings;EchoStar Parties.
(ii) stock certificates representing The EchoStar Parties shall receive a tax opinion from White & Case LLP, counsel to the portion EchoStar Parties, dated the Closing Date, to the effect that the Merger should be treated as a reorganization within the meaning of Holdings Equity allocated Section 368(a) of the Code and that the Contributions should be treated as tax-free contributions within the meaning of Section 351 of the Code. In rendering such opinion, such counsel shall be entitled to each Seller receive and rely upon tax representation letters reasonably requested by such counsel and delivered by officers of the DISH Parties and the EchoStar Parties.
(d) At or prior to the Closing, DOLLC shall transfer to HSSC, by wire transfer of immediately available funds to the account specified by HSSC to DOLLC, an amount in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;cash equal to $11,404,000.00.
Appears in 2 contracts
Sources: Transaction Agreement (EchoStar CORP), Transaction Agreement (DISH Network CORP)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Caesars Parties shall deliver deliver, or cause to Holdings the followingbe delivered, to CAC and Growth Partners:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated as of the Closing Date and signed on behalf of the Caesars Parties by a duly authorized an executive officer of the Target Companyeach Caesars Party, stating that each of the conditions set forth specified in Section 8.2(a10.3(a) and Section 8.2(b10.3(b) have been satisfied;
(ii) the Management Services Agreement;
(iii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebySettlement Agreement;
(iv) a certificate the other Ancillary Agreements intended to be executed at or in connection with the Closing to which any of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this AgreementCaesars Parties is a party, the Ancillary Documents and the other documents to be delivered hereunder and thereunderduly executed by such Person, as applicable;
(v) a good standing duly executed certificate (from each of HIE Holdings and CEOC, prepared in accordance with Treasury Regulation Section 1.1445-2(b)(2)(iv), in form and substance reasonably acceptable to CAC and Growth Partners and on the basis of which Growth Partners shall not be required to deduct or its equivalent) from the secretary of state or similar Governmental Authority withhold any amounts under Section 1445 of the jurisdiction under the Laws in which the Target Company is organizedCode from any amounts payable pursuant to this Agreement;
(vi) fee stream agreements in respect of the Consideration Spreadsheet contemplated Baltimore Fee Stream and the PH Fee Stream, each in Section 2.6a form reasonably acceptable to CAC;
(vii1) certificates evidencing the FIRPTA StatementCIE Shares, duly endorsed in blank or with stock powers duly executed in proper form for transfer, and with any required stock transfer stamps affixed thereto and (2) to the extent such Transferred Asset is not a Deferred Asset, confirmations of book-entry transfer with respect to the PHWLV Equity and the CBIC Equity;
(viii) evidence of registration of the transfer of the CEOC Notes to Growth Partners in accordance with the respective indentures; and
(viiiix) such other documents or appropriately executed instruments as Holdings reasonably requests of sale, assignment, transfer and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person conveyance as may be specified herein) necessary to evidence and effect the following:
(i) each transfer of the Promissory Notes made payable Transferred Assets to each Seller and Growth Partners or its designees, in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated a form reasonably acceptable to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;CAC.
Appears in 2 contracts
Sources: Transaction Agreement (CAESARS ENTERTAINMENT Corp), Transaction Agreement (Caesars Acquisition Co)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Party B shall deliver to Holdings Party A each of the following:
(a) a certificate of MMTEC, Inc. confirming that (i) it has performed and complied with, in all stock certificates held material respects, all covenants and obligations required to be performed or complied with by it under this Agreement on or before the Sellers representing the SharesClosing Date, to the extent such Shares are certificated at the time of Closing;
(ii) a certificateeach of the representations and warranties made by MMTEC, dated Inc. in this Agreement is complete, true and accurate and not misleading as at the date of this Agreement and as at the Closing Date as though restated on and signed by a duly authorized officer of as at the Target CompanyClosing Date with respect to facts, that events and circumstances existing as at such date; and (iii) each of the conditions set forth in Section 8.2(a) and Section 8.2(b) Article 3.4 to be performed by it have been satisfiedsatisfied (other than those conditions that have been waived in writing by Party A);
(iiib) a certificate of Burgeon Capital, Inc confirming that (i) it has performed and complied with, in all material respects, all covenants and obligations required to be performed or complied with by it under this Agreement on or before the Secretary Closing Date, (ii) each of the representations and warranties made by Burgeon Capital, Inc in this Agreement is complete, true and accurate and not misleading as at the date of this Agreement and as at the Closing Date as though restated on and as at the Closing Date with respect to facts, events and circumstances existing as at such date; and (iii) each of the conditions set forth in Article 3.4 to be performed by it have been satisfied (other than those conditions that have been waived in writing by Party A);
(c) duly executed instruments of transfers in respect of all of the Purchased Shares in favor of Party A (or equivalent such person as Party A may nominate);
(d) copies of the duly executed share certificates representing the Purchased Shares registered in the name of Party A (or such person as Party A may nominate);
(e) a certified copy of the shareholder register of the Target Company, showing that the equity proportion registered by Party A in the Target Company is 100%, there is no Encumbrance on the equity of the Target Company, and the cancellation of the Purchased Shares registered in the name of the relevant Original Shareholders, and the registration of the Purchased Shares in the name of Party A (or such person as Party A may nominate);
(f) letters of resignation in the agreed form of each of the directors and officers of the Target Company, other than the officers set out in Schedule 2 (the “Retained Management”), from his/her office as a director and/or an officer, including a waiver of all claims against the Target Company.
(g) the resolutions duly and validly adopted by the board of directors and the shareholders of the Target Company certifying that they have approved and authorized the closing of the Transactions and agreed to the investment and share transfer provided hereunder; the adoption of the amended articles of association; and the new composition of the board of directors; and
(ah) attached thereto are duly executed copies of this Agreement, the amended articles of association and such other ancillary documents as Party A may deem to be necessary to complete the Closing. At Closing, Party A shall deliver to Party B:
(i) The Notes duly executed by Party A;
(j) such other documents, certificates, or instruments necessary to perfect Party B’s security interests in the issued and outstanding equity of the Target Company and the assets of the Target Company and its subsidiaries;
(k) a certificate of Party A confirming that (i) it has performed and complied with, in all material respects, all covenants and obligations required to be performed or complied with by it under this Agreement on or before the Closing Date, (ii) each of the representations and warranties made by Party A in this Agreement is complete, true and complete copies accurate and not misleading as at the date of all this Agreement and as at the Closing Date as though restated on and as at the Closing Date with respect to facts, events and circumstances existing as at such date; and (iii) each of the conditions set forth in Article 3.4 to be performed by it have been satisfied (other than those conditions that have been waived in writing by Party B);
(l) the resolutions or minutes duly and validly adopted by the Target Company Board authorizing board of directors of the execution, delivery Party A certifying that they have approved and performance authorized the execution of this Agreement and the Ancillary Documents and the consummation closing of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA StatementTransactions; and
(viiim) duly executed copies of this Agreement and such other ancillary documents or instruments as Holdings reasonably requests and are reasonably Party B may deem to be necessary to consummate the transactions contemplated by this Agreement.
(b) At complete the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;.
Appears in 2 contracts
Sources: Equity Acquisition Agreement (FLJ Group LTD), Equity Acquisition Agreement (MMTec, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver to Holdings Buyer the following:
(i) all stock certificates held a bill of sale in a form mutually agreeable by the Sellers representing parties (the Shares"Bill of Sale") and duly executed by Seller, transferring the Purchased Assets to the extent such Shares are certificated at the time of ClosingBuyer;
(ii) an assignment and assumption agreement in a certificateform mutually agreeable by the parties (the "Assignment and Assumption Agreement") and duly executed by Seller, dated effecting the Closing Date assignment to and signed assumption by a duly authorized officer Buyer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedPurchased Assets;
(iii) assignments in a form mutually agreeable by the parties (the "Intellectual Property Assignments") and duly executed by Seller, transferring all of Seller's right, title and interest in and to the trademark registrations and applications, copyright registrations and applications and domain name registrations included in the Purchased Assets to Buyer;
(iv) copies of all consents, approvals, waivers and authorizations referred to in this agreement;
(v) tax clearance certificates from the taxing authorities in the jurisdictions that impose taxes on Seller or where Seller has a duty to file tax returns in connection with the transactions contemplated by this Agreement and evidence of the payment in full or other satisfaction of any taxes owed by Seller in those jurisdictions;
(vi) a certificate of the Secretary of Seller certifying as to (or equivalent officerA) the resolutions of the Target Company certifying that (a) attached thereto are true board of directors of Seller, duly adopted and complete copies of all resolutions adopted by the Target Company Board authorizing in effect, which authorize the execution, delivery and performance of this Agreement and the Ancillary Documents transactions contemplated hereby; and (B) the names and signatures of the officers of Seller authorized to sign this Agreement and the consummation documents to be delivered hereunder;
(vii) such other customary instruments of transfer, assumption, filings or documents, in form and substance reasonably satisfactory to Buyer, as may be required to give effect to this Agreement; and
(viii) Current officers of the transactions contemplated hereby and therebyBuyer will Resign all positions in Turnkey Capital Inc., and people listed by the Seller in Addendum B will become the officers of Turnkey Capital, Inc.;
(b) such resolutions are At the Closing, Buyer shall deliver to Seller the following:
(i) A share certificates for the common shares issued to the sellers shareholders as set forth in full force Exhibit B and effect preferred shares representing the Purchase Price;
(ii) the Assignment and are Assumption Agreement duly executed by ▇▇▇▇▇;
(iii) copies of all the resolutions adopted consents and authorizations referred to in connection with the transactions contemplated hereby and thereby;this agreement; and
(iv) a certificate of the Secretary of Buyer certifying as to (or equivalent officerA) the resolutions of the Target Company certifying board of directors of ▇▇▇▇▇, duly adopted and in effect, which authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and (B) the names and signatures of the officers of the Target Company Buyer authorized to sign this Agreement, the Ancillary Documents Agreement and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreementhereunder.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 2 contracts
Sources: Asset Purchase Agreement (TurnKey Capital, Inc.), Asset Purchase Agreement (TurnKey Capital, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver to Holdings Parent the following:
(i) resignations of all stock certificates held by of the Sellers representing directors, managers and officers of the Shares, to the extent such Shares are certificated at the time of ClosingCompany and its Subsidiaries;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a7.2(a) and Section 8.2(b7.2(b) have has been satisfied;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company certifying (A) that (a) attached thereto are true and complete copies of (1) the Company Charter Documents, (2) all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, thereby and (b3) resolutions of the Stockholders approving the Merger and adopting this Agreement, (B) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
, and (ivC) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(viv) a good standing certificate (or equivalent documents) for the Company and each of its equivalent) from Subsidiaries issued by the secretary of state or similar Governmental Authority in each jurisdiction where the Company or its Subsidiaries (A) is incorporated, formed or organized or (B) is qualified to do business, each dated as of a date that is reasonably close to the jurisdiction under Closing Date;
(v) the Laws in which Certificate of Merger, executed by the Target Company is organizedCompany;
(vi) the Consideration Spreadsheet contemplated in Section 2.6Estimated Closing Statement;
(vii) the Consideration Spreadsheet;
(viii) the Stockholder Notice;
(ix) restrictive covenants agreements, in the form attached hereto as Exhibit A (the “Restrictive Covenants Agreements”), duly executed by the Company and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇;
(x) a certification by the Company meeting the requirements of Treasury Regulation Section 1.1445-2(c)(3) and dated within thirty (30) days prior to the Closing Date to the effect that the none of the Securities constitute a U.S. real property interest as the Company is not and has not been during the previous five (5) years a U.S. real property holding corporation (the “FIRPTA Statement”);
(xi) Securityholders releases, each in the form attached hereto as Exhibit B, duly executed by the Company and Securityholders holding at least seventy percent (70%) of the Fully Diluted Share Number (the “Securityholder Release”);
(xii) payoff letters and termination statements or the authorization to file termination statements under the Uniform Commercial Code and other instruments as may be requested by Parent to extinguish all Indebtedness and all Encumbrances related thereto;
(xiii) a paying agent agreement in a form mutually agreed upon by the Company, Parent and Paying Agent (the “Paying Agent Agreement”), duly executed by the Company;
(xiv) an escrow agreement in a form mutually agreed upon by Securityholders’ Representative, Parent and Escrow Agent (the “Escrow Agreement”), duly executed by Securityholders’ Representative;
(xv) an option termination agreement in the form attached hereto as Exhibit C (the “Option Termination Agreement”), duly executed by the Company and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇;
(xvi) a warrant termination agreement in the form attached hereto as Exhibit D (the “Warrant Termination Agreement”), duly executed by the Company and the Warrantholders holding Out-of-Money Warrants;
(xvii) a conversion agreement in a form mutually agreed upon by the Company and Parent (the “Conversion Agreement”), duly executed by the Company and the Noteholders;
(xviii) evidence of the Company’s purchase of the D&O Tail Policy;
(xix) evidence reasonably satisfactory to Parent that all Benefit Plans intended to qualify as qualified cash or deferred arrangements under Section 401(k) of the Code have been terminated in accordance with the terms thereof;
(xx) offer letters, in Parent’s standard form, duly executed by the Company and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇.
(xxi) agreements for protection of company information, in Parent’s standard form, duly executed by ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇.
(xxii) evidence satisfactory to Parent that all of the Noteholders have waived their rights to notice of the Merger and agreed to convert their Convertible Notes into Shares;
(xxiii) evidence satisfactory to Parent that a sufficient number of holders of Preferred Stock have waived any preemptive rights to which they may have been entitled under that certain Investor Rights Agreement dated May 16, 2016 in connection with any grants of equity awards or issuance of securities of the Company;
(xxiv) evidence reasonably satisfactory to Parent that all notices pursuant to Section 228(e) of the DGCL required to have been given to stockholders that have not executed any written consent previously executed by less than all of the stockholders of the Company have been given to such non-consenting stockholders;
(xxv) evidence reasonably satisfactory to Parent that all holders of “valid stock” and “putative stock” (as each term is defined in Section 204 of the DGCL) have waived their rights to receive any notice required under Section 204 of the DGCL and to bring any claim challenging any ratification effected by the Company under Section 204 of the DGCL;
(xxvi) evidence satisfactory to Parent that all severance agreements between the Company and employees of the Company, other than ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, have been terminated with no obligations due by the Company thereunder after the Closing or have been modified on terms reasonably acceptable to Parent;
(xxvii) the notification and evidence required by Section 5.11;
(xxviii) an amendment to the Company’s Professional Services Agreement with Eagle Dream Technologies LLC on terms acceptable to Parent;
(xxix) an amendment to the Company’s Consultant Service Agreement with Cranberry Support Services, LLC on terms reasonably acceptable to Parent;
(xxx) all minute books, stock books, ledgers and other corporate records relating of the Company, if not already located on the premises of the Company; and
(viiixxxi) such other documents or instruments as Holdings Parent reasonably requests and that are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings Parent shall deliver to Seller Representative the Company (or such other Person as may be specified herein) the following:
(i) each payment to Paying Agent by wire transfer of immediately available funds an amount equal to the Promissory Notes made aggregate Closing Merger Consideration payable pursuant to each Seller Section 2.8 in exchange for Shares, Section 2.9(b) in exchange for cancellation of In-Money Warrants and Section 2.9(c) in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdingsexchange for cancellation of vested RSUs;
(ii) stock certificates representing payment to Securityholders’ Representative equal to the portion amount of Holdings Equity allocated the Securityholders’ Representative Fund, to each Seller be held thereby in accordance with such Seller’s Pro Rata Sharetrust for the benefit of Securityholders’ Representative and Securityholders;
(iii) payment of the Escrow Amount to Escrow Agent for deposit into a separate escrow account (the “Escrow Account”) established pursuant to the Escrow Agreement;
(iv) payment to Securityholders’ Representative in the amount of the Net Working Capital Fund, to be held thereby in trust for the benefit of Securityholders and, as shown set forth in Section 2.16, Parent;
(v) payment in the Consideration Spreadsheetamount of the Estimated Transaction Expenses to third parties by wire transfer of immediately available funds;
(vi) payment in the amount of the Estimated Indebtedness to holders of outstanding Indebtedness, if any, by wire transfer of immediately available funds;
(vii) a certificate, dated the Closing Date and signed by a duly authorized officer of Parent and Merger Sub, that each of the conditions set forth in Section 7.3(a) and Section 7.3(b) has been satisfied;
(viii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of Parent and Merger Sub certifying (A) that attached thereto are true and complete copies of all resolutions adopted by the board of directors of Parent and Merger Sub authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, (B) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby and (C) the names and signatures of the officers of Parent and Merger Sub authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(ix) the Escrow Agreement, duly executed by Parent and Escrow Agent;
(x) the Paying Agent Agreement, duly executed by Parent and Paying agent; and
(xi) such other documents or instruments as the Company reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
Appears in 2 contracts
Sources: Merger Agreement, Merger Agreement (Quality Systems, Inc)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall Company will deliver or cause to Holdings the followingbe delivered to Acquiror:
(i) all stock certificates held a certificate signed by an officer of the Sellers representing Company, dated as of the SharesClosing Date, certifying that, to the extent knowledge and belief of such Shares are certificated at officer, the time of Closingconditions specified in Section 9.2(a), 9.2(b) and 9.2(c) have been satisfied;
(ii) the written resignations of all of the directors of the Company (other than those Persons identified as the initial directors of the Surviving Corporation, in accordance with Section 2.6), effective as of the Effective Time;
(iii) the Registration Rights Agreement, duly executed by the Company and each of the stockholders set forth Section 2.4(a)(iii) of the Company Disclosure Letter;
(iv) the Lock-Up Agreements, duly executed by the Lock-Up Stockholders, in accordance with Section 6.7;
(v) evidence that the Partial-Recourse Promissory Note shall have been repaid in full, cancelled or otherwise extinguished;
(vi) a certificatecertificate on behalf of the Company, prepared in a manner consistent and in accordance with the requirements of Treasury Regulation Sections 1.897-2(g), (h) and 1.1445-2(c)(3), certifying that no interest in the Company is, or has been during the relevant period specified in Section 897(c)(1)(A)(ii) of the Code, a “U.S. real property interest” within the meaning of Section 897(c) of the Code, and a form of notice to the Internal Revenue Service prepared in accordance with the provisions of Treasury Regulations Section 1.897-2(h)(2); and
(vii) the Key Employee Employment Agreements, duly executed by the Key Employees, in accordance with Section 6.8.
(b) At the Closing, Acquiror will deliver or cause to be delivered:
(i) to the Exchange Agent, the Aggregate Merger Consideration for further distribution to the Company’s stockholders pursuant to Section 3.2;
(ii) to the Company, a certificate signed by an officer of Acquiror, dated the Closing Date Date, certifying that, to the knowledge and signed by a duly authorized officer belief of the Target Companysuch officer, that each of the conditions set forth specified in Section 8.2(a9.3(a) and Section 8.2(b9.3(b) have been satisfied;
(iii) a certificate of to the Secretary (or equivalent officer) of Company, the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted Registration Rights Agreement, duly executed by the Target Company Board authorizing the execution, delivery and performance of this Agreement Acquiror and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebySponsor;
(iv) a certificate of to the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this AgreementCompany, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;Lock-Up Agreements, duly executed by Acquiror; and
(v) a good standing certificate (or its equivalent) from to the secretary Company, the written resignations of state or similar Governmental Authority all of the jurisdiction under directors and officers of Acquiror (other than those Persons identified as the Laws initial directors and officers, respectively, of Acquiror after the Effective Time, in which accordance with the Target Company is organized;
(vi) provisions of Section 2.6 and Section 7.6), effective as of the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this AgreementEffective Time.
(bc) At On the ClosingClosing Date, Holdings concurrently with the Effective Time, Acquiror shall deliver pay or cause to Seller Representative (or such other Person as may be specified herein) the following:
paid by wire transfer of immediately available funds, (i) each all accrued reasonable and documented transaction expenses of the Promissory Notes made payable Acquiror, including transaction expenses incurred by Acquiror’s Affiliates on Acquiror’s behalf (including any HSR filing fees and any outstanding amounts under any Working Capital Loans, such Working Capital Loans not to each Seller and exceed $1,000,000 in the principal amounts aggregate) as set forth in on a written statement to be delivered to the Consideration Spreadsheet, duly executed by Holdings;
Company not less than two (2) Business Days prior to the Closing Date and (ii) stock certificates representing all accrued and unpaid Transaction Expenses (“Unpaid Transaction Expenses”) as set forth on a written statement to be delivered to Acquiror by or on behalf of the portion Company not less than two (2) Business Days prior to the Closing Date, which shall include the respective amounts and wire transfer instructions for the payment thereof, together with corresponding invoices for the foregoing; provided, that any Unpaid Transaction Expenses due to current or former employees, independent contractors, officers, or directors of Holdings Equity allocated the Company or any of its Subsidiaries shall be paid to each Seller in accordance with the Company for further payment to such Selleremployee, independent contractor, officer or director through the Company’s Pro Rata Share, as shown in the Consideration Spreadsheet;payroll.
Appears in 2 contracts
Sources: Merger Agreement (Xos, Inc.), Merger Agreement (NextGen Acquisition Corp)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Companies shall deliver (or cause to Holdings be delivered as may be specified herein) to Verano the following:
(i) lock-up acknowledgements, each substantially in the form attached as Exhibit A (each, a “Lock-Up Acknowledgement”), that cover at least 75% of all stock certificates held of the Share Consideration to be issued in the Company Mergers and the Exchanges, duly executed by the Sellers representing the Shares, to the extent Persons receiving such Shares are certificated at the time of ClosingShare Consideration;
(ii) resignations of certain managers and officers of each Company pursuant to Section 5.07;
(iii) a certificate, dated as of the Closing Date and signed by a duly authorized officer officers of the Target each Company, that each of the conditions set forth in Section 8.2(a7.02(a) and Section 8.2(b7.02(b) have been satisfied;
(iiiiv) a certificate of the Secretary (or equivalent officer) of the Target each Company certifying (1) that (a) attached thereto are true and complete copies of all resolutions adopted by the Target applicable Company Board authorizing approving the execution, execution and delivery and performance of this Agreement and each Ancillary Document to which such Company is a party, and the performance by such Company and its Company Subsidiaries of their respective obligations under this Agreement and such Ancillary Documents (subject to approval of a majority of the Members of each Company), (2) that attached thereto are true and complete copies of resolutions adopted by a majority of the Members of each Company approving the execution and delivery of this Agreement and each Ancillary Document to which such Company is a party, and the consummation performance by such Company and its Company Subsidiaries of the transactions contemplated hereby their respective obligations under this Agreement and therebysuch Ancillary Documents, (3) that all such resolutions referenced in clauses (1) and (b2) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby, and (4) the names and signatures of the officers of such Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder to which such Company is a party;
(v) a good standing certificate (or its equivalent) for each Company from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which such Company is formed;
(vi) the Company FIRPTA Statements; and
(vii) such other documents or instruments as Verano reasonably requests prior to the Closing Date and that are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Verano shall deliver (or cause to be delivered by PubCo or such other Person as may be specified herein) to the Companies (or such other Person as may be specified herein) the following:
(i) to the Exchange Agent, the aggregate Closing Consideration payable and issuable in the Company Mergers and in the Exchanges;
(ii) Convertible Notes duly executed and payable to the Members as set forth in the Consideration Spreadsheet;
(iii) payment to third parties by wire transfer of immediately available funds that amount of money due and owing from the Companies to such third parties as Transaction Expenses, as set forth on the Merger Consideration Statement;
(iv) payment to holders of outstanding Indebtedness , if any, by wire transfer of immediately available funds, that amount of money due and owing from any Company to such holder of outstanding Indebtedness, as set forth on the Merger Consideration Statement;
(v) the issuance of shares of PubCo as payment for the Broker Fees as set forth on Schedule 3.09 and the Consideration Spreadsheet;
(vi) a certificate, dated as of the Closing Date and signed by duly authorized officers of Verano, that each of the conditions set forth in Section 7.03(a) and Section 7.03(b) have been satisfied;
(vii) a certificate of the Secretary (or equivalent officer) of Verano certifying (1) that attached thereto are true and complete copies of all resolutions adopted by the Target Company certifying Verano Board approving the execution and delivery of this Agreement and each Ancillary Document to which Verano is a party, and the performance by Verano and the Verano Subsidiaries of their respective obligations under this Agreement and such Ancillary Documents, (2) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated by this Agreement, and (3) the names and signatures of the officers of the Target Company Verano authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(vviii) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organizedVerano FIRPTA Statements;
(viix) lock-up agreements duly executed by or on behalf of the Consideration Spreadsheet contemplated Persons receiving Verano Merger Shares containing the same transfer restrictions as set forth in Section 2.6;
the Lock-Up Acknowledgment and that cover at least a number of Verano Merger Shares equal to (vii1) 75% of all of the FIRPTA StatementVerano Merger Shares, minus (2) all Verano Merger Shares subject to existing lock-up restrictions, in all cases as in effect on the date of this Agreement and that have been disclosed to Member Representative prior to the date hereof; and
(viiix) such other documents or instruments as Holdings the Companies reasonably requests and request prior to the Closing Date that are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 2 contracts
Sources: Merger Agreement (Verano Holdings Corp.), Merger Agreement (Verano Holdings Corp.)
Closing Deliverables. (a) At In addition to any other documents to be delivered or prior actions to be taken under other provisions of this Agreement, at the Closing, the Seller Representative Parties shall deliver to Holdings the followingBuyer:
(ia) all stock certificates held by the Sellers representing the Shares, One or more executed bills of sale in form and substance reasonably satisfactory to the extent such Shares are certificated at Buyer transferring to the time of ClosingBuyer all tangible assets included in the Acquired Assets;
(iib) a certificate, dated the Closing Date and signed by a duly authorized officer In respect of the Target CompanyAcquired Assets, that each such documents as Buyer may reasonably require to effect the transfer to the Buyer of the conditions set forth in Section 8.2(a) Seller Parties’ interests therein free and Section 8.2(b) have been satisfiedclear of all Liens, other than Liens arising as a result of any action taken by any Buyer or any of its Affiliates;
(iiic) a certificate Counterparts of all Related Agreements executed by the parties thereto, as applicable;
(d) Certified copies of the Secretary (or equivalent officer) resolutions of the Target Company certifying that (a) attached thereto are true managers and complete copies the members of all resolutions adopted by the Target Company Board Seller Parties authorizing the execution, delivery delivery, and performance of this Agreement and by the Ancillary Documents Seller Parties and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyprovided for herein;
(ive) a certificate An executed assignment and assumption of the Secretary (or equivalent officer) of Seller Parties Intellectual Property Rights, in form and substance reasonably acceptable to the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderBuyer;
(vf) a good standing certificate (or its equivalent) from A receipt for the secretary of state or similar Governmental Authority cash portion of the jurisdiction under Initial Purchase Price received in accordance with the Laws instructions of the Seller Parties and an acknowledgement of the issuance of the Closing Shares in which the Target Company is organizedSeller’s name when delivered to the Buyer to be held in accordance with the Pledge Agreement;
(vig) A non-foreign affidavit dated as of the Consideration Spreadsheet contemplated Closing Date, sworn under penalty of perjury and in Section 2.6;
(vii) the FIRPTA Statementform required under treasury regulations issued pursuant to Code §1445 stating that no Seller Party is a foreign person as defined in Code §1445; and
(viiih) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate Certificates of the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative Secretaries of State (or such other Person applicable office) in each jurisdiction in which the Seller Parties are organized, dated as may be specified herein) the following:
(i) each of the Promissory Notes made payable Closing Date (or as close thereto as reasonably practicable), certifying as to each Seller the good standing (to the extent such concept is recognized in such jurisdiction) and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion non-delinquent status of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;entities.
Appears in 2 contracts
Sources: Asset Purchase Agreement, Asset Purchase Agreement (XCel Brands, Inc.)
Closing Deliverables. (a) At On or prior to the Closing, the Seller Representative Company shall issue, deliver or cause to Holdings be delivered to each Purchaser the following:following (the “Company Deliverables”):
(i) all stock certificates held evidence of the issuance of the Securities in the name of the Purchasers by book-entry statement from the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingCompany’s transfer agent;
(ii) a certificatelegal opinion of Company Counsel, dated as of the Closing Date and signed in form and substance reasonably satisfactory to the Purchasers, executed by a duly authorized officer of such counsel and addressed to the Target Company, that each of Purchasers and the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedPlacement Agents;
(iii) the Registration Rights Agreement, duly executed by the Company;
(iv) duly executed Irrevocable Transfer Agent Instructions acknowledged in writing by the Transfer Agent instructing the Transfer Agent to deliver, on an expedited basis, of the issuance of the Securities set forth opposite the name of each Purchaser on Annex A, registered in the name of such Purchaser (or its nominee in accordance with such Purchaser’s delivery instructions);
(v) the Company shall have filed with Nasdaq a Notification Form: Listing of Additional Shares for the listing of the Securities and the Conversion Shares;
(vi) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (the “Secretary’s Certificate”), dated as of the Closing Date, (a) attached thereto are true and complete copies of all certifying the resolutions adopted by the Target Board of Directors of the Company Board authorizing or a duly authorized committee thereof approving the execution, delivery and performance of transactions contemplated by this Agreement and the Ancillary other Transaction Documents and the consummation issuance of the transactions contemplated hereby Securities and therebythe Conversion Shares, and (b) such resolutions are in full force and effect and are all certifying the resolutions adopted in connection with current versions of the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) incorporation, as amended, and bylaws of the Target Company and (c) certifying as to the names signatures and signatures authority of persons signing the Transaction Documents and related documents on behalf of the officers of Company, in substantially the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6form attached hereto as Exhibit C;
(vii) the FIRPTA StatementCompliance Certificate referred to in Section 5.1(h);
(viii) a certificate evidencing the formation and good standing of the Company issued by the Secretary of State of the State of Delaware, as of a date within three (3) Business Days of the Closing Date; and
(viiiix) such other documents a certificate evidencing the Company’s qualification as a foreign corporation and good standing issued by the Secretary of State (or instruments comparable office) of each jurisdiction in which the Company is qualified to do business as Holdings reasonably requests and are reasonably necessary to consummate a foreign corporation, as of a date within three (3) Business Days of the transactions contemplated by this AgreementClosing Date.
(b) At On or prior to the Closing, Holdings each Purchaser shall deliver or cause to Seller Representative be delivered to the Company the following (or such other Person as may be specified herein) the following:“Purchaser Deliverables”):
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheetthis Agreement, duly executed by Holdingssuch Purchaser;
(ii) stock certificates representing its Subscription Amount, in United States dollars and in immediately available funds; and
(iii) the portion of Holdings Equity allocated to each Seller in accordance with Registration Rights Agreement, duly executed by such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;Purchaser.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Viridian Therapeutics, Inc.\DE), Securities Purchase Agreement (Viridian Therapeutics, Inc.\DE)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver to Holdings Newco the following:
(i) all stock certificates held a certificate, dated the Closing Date and signed by a duly authorized officer of the Sellers representing Company, certifying that each of the Shares, to the extent such Shares are certificated at the time of Closingconditions set forth in Section 7.02(a) and Section 7.02(b) have been satisfied;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (aA) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board and consents set forth in Section 3.02 authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (B) all such resolutions and consents are in full force and effect and are all the resolutions and consents adopted in connection with the transactions contemplated hereby and thereby;
(iii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Company, certifying the names and signatures of the authorized officers, managers, or members of the Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(iv) a good standing certificate with respect to the Company from each of the Secretary of State of Delaware and the Secretary of State of California;
(v) the Estimated Closing Working Capital Statement contemplated in Section 2.08;
(vi) a ▇▇▇▇ of sale, in customary form satisfactory to the parties hereto (the “▇▇▇▇ of Sale”), duly executed by the Company, transferring the tangible personal property included in the Purchased Assets to Newco;
(vii) an assignment and assumption agreement, in customary form satisfactory to the parties hereto (the “Assignment and Assumption Agreement”), duly executed by the Company, effecting the assignment to and assumption by Newco of the Purchased Assets and the Assumed Liabilities;
(viii) an assignment or assignments, in customary form satisfactory to the parties hereto (the “Intellectual Property Assignments”), duly executed by the Company, transferring all of the Company’s right, title and interest in and to the Company Intellectual Property to Newco;
(ix) with respect to each lease, an Assignment and Assumption of Lease, in customary form satisfactory to the parties hereto (each, an “Assignment and Assumption of Lease”), duly executed by the Company;
(x) the FIRPTA Certificate; and
(xi) such other documents or instruments as Aspen or Newco reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Aspen and Newco, as applicable, shall deliver to the Company or Linden (and/or to such other Persons as the Company or Linden may direct) the following:
(i) the Purchase Price less, with respect to the cash portion thereof, the Holdback Amount and payable, with respect to the cash portion thereof, by wire transfer of immediately available funds;
(ii) the Promissory Note, cancelled and marked paid;
(iii) a certificate, dated the Closing Date and signed by a duly authorized officer of Aspen and Newco, certifying that each of the conditions set forth in Section 7.03(a) and Section 7.03(b) have been satisfied;
(iv) a certificate, dated the Closing Date and signed by the Secretary or an Assistant Secretary (or equivalent officer) of Aspen and Newco, certifying that attached thereto are true and complete copies of all resolutions or written authorizations adopted by the board of directors of Aspen and manager of Newco authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions and written authorizations are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(ivv) a certificate of certificate, dated the Closing Date and signed by the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company Aspen and Newco, certifying the names and signatures of the officers or manager, as applicable, of the Target Company Aspen and Newco authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6Assignment and Assumption Agreement duly executed by Newco;
(vii) the FIRPTA Statementwith respect to each lease, an Assignment and Assumption of Lease duly executed by Newco; and
(viii) such other documents or instruments as Holdings the Company reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 2 contracts
Sources: Asset Purchase Agreement, Asset Purchase Agreement (Aspen Group, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver to Holdings the Buyer the following:
(i) all stock certificates held one or more bills of sale in a customary form reasonably acceptable to the Buyer and duly executed by the Sellers representing Seller, transferring the Shares, tangible personal property included in the Purchased Assets to the extent such Shares are certificated at the time of ClosingBuyer;
(ii) one or more assignment and assumption agreements in a certificatecustomary form reasonably acceptable to the Buyer (the “Assignment and Assumption Agreement”) and duly executed by the Seller, dated effecting the Closing Date assignment to and signed assumption by a duly authorized officer the Buyer of the Target Company, that each of intangible Purchased Assets and the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedAssumed Contracts;
(iii) with respect to each parcel of Owned Real Estate, a certificate of special warranty deed in a customary recordable form reasonably acceptable to the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true Buyer and complete copies of all resolutions adopted duly executed and notarized by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebySeller;
(iv) with respect to the Intellectual Property included in the Purchased Assets, one or more intellectual property assignment agreements in a certificate of customary form reasonably acceptable to the Secretary (or equivalent officer) of Buyer and duly executed by the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;Seller; 11
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organizedSeller Closing Certificate;
(vi) the Consideration Spreadsheet contemplated in certificate of the Secretary or Assistant Secretary of the Seller required by Section 2.69.2(d);
(vii) the FIRPTA Statement; andCertificate;
(viii) such other documents customary instruments of transfer, assumption, filings or documents, in form and substance reasonably satisfactory to the Buyer, as may be required to give effect to this Agreement;
(ix) a duly executed counterpart to the Transition Services Agreement substantially in the form of Exhibit D (the “Transition Services Agreement”);
(x) the Seller Guaranty; and
(xi) such other documents, affidavits or instruments as Holdings may be reasonably requests and are reasonably necessary required by the Title Company in order to consummate cause the transactions contemplated by this AgreementTitle Company to issue the Title Policy for the Real Estate.
(b) At the Closing, Holdings the Buyer shall deliver to the Seller Representative (or such other Person as may be specified herein) the following:
(i) each The Closing Amount by wire transfer of immediately available funds to an account or accounts designated in writing by the Promissory Notes made payable Seller to each Seller and in the principal amounts set forth in Buyer no later than two (2) Business Days prior to the Consideration Spreadsheet, duly executed by HoldingsClosing Date;
(ii) stock certificates representing the portion Assignment and Assumption Agreement duly executed by Buyer;
(iii) the Buyer Closing Certificate;
(iv) the certificate of Holdings Equity allocated the Secretary or Assistant Secretary of Buyer required by Section 8.3(c);
(v) a duly executed counterpart to each Seller the Transition Services Agreement;
(vi) the Buyer Guaranty;
(vii) the CCS Note, duly executed by the Buyer; and
(viii) such other customary instruments of transfer, assumption, filings or documents, in accordance with such form and substance reasonably satisfactory to the Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;may be required to give effect to this Agreement.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Green Plains Inc.), Asset Purchase Agreement (Green Plains Inc.)
Closing Deliverables. (a) At The Company shall have adopted and filed with the Secretary of State of the State of Delaware on or prior before the Closing (as defined below) the Certificate of Amendment of the Amended and Restated Certificate of Incorporation (the “Charter Amendment”) attached as Exhibit B hereto. The Company’s Amended and Restated Certificate of Incorporation, as amended by the Charter Amendment, shall be referred to herein as the “Amended Charter.”
(b) Subject to the terms and conditions of this Agreement, on the basis of the representations, warranties, covenants and agreements set forth herein, and subject to the terms and conditions hereof, at the Closing (as defined below), each Purchaser shall purchase from the Company, and the Company shall sell and issue to each Purchaser, that number of shares of the common stock of the Company, $0.001 par value per share (the “Common Stock”) set forth opposite such Purchaser’s name on Exhibit A under the heading “Number of Shares to be Purchased at Closing” (collectively, the Seller Representative shall deliver to Holdings “Shares”) at a per share purchase price of $33.8771 (the following:“Price Per Share”).
(ic) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date The initial purchase and signed by a duly authorized officer sale of the Target Company, that each Shares shall take place remotely via the exchange of documents and signatures three (3) business days after the conditions set forth in each of Section 8.2(a) 5.7 and Section 8.2(b) have been satisfied;
(iii) a certificate of the Secretary (6.2 are satisfied or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted waived by the Target Company Board authorizing the executionapplicable Party, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments date and time as Holdings reasonably requests and are reasonably necessary to consummate is mutually agreed by the transactions contemplated by this AgreementParties (the “Closing”).
(bd) At the Closing, Holdings the Company shall deliver to Seller Representative (or each Purchaser participating in such other Person as may be specified herein) Closing a certificate representing the following:
(i) each Shares being purchased by such Purchaser at such Closing against payment of the Promissory Notes made purchase price therefor by check payable to each Seller and in the principal amounts set forth in Company, by wire transfer to a bank account designated by the Consideration SpreadsheetCompany, duly executed or by Holdings;
(ii) stock certificates representing the portion any combination of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;methods.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Klaviyo, Inc.), Stock Purchase Agreement (Klaviyo, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative and Target shall deliver or cause to Holdings be delivered to Buyer the following:
(i) all stock certificates held a share transfer form duly signed by Seller in respect of the Sellers representing transfer of the Shares, Target Shares from Seller to the extent such Shares are certificated at the time of ClosingBuyer;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer share certificate(s) in the name of Seller representing the Target Company, that each of Shares (if any) for the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedBuyer’s further transmission to Target for cancellation;
(iii) a certificate certified true copy of the Secretary (or equivalent officer) updated register of members of Target evidencing the transfer of the Target Company certifying that (a) attached thereto are true Shares from Seller to Buyer, and complete copies recording Buyer as the registered legal holder of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyShares;
(iv) a new share certificate of the Secretary (or equivalent officer) of representing the Target Company certifying the names and signatures of the officers of Shares issued by the Target Company authorized to sign this Agreement, in the Ancillary Documents and the other documents to be delivered hereunder and thereundername of Buyer;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which Seller Closing Certificate duly executed by Seller and the Target Company is organizedClosing Certificate duly executed by Target;
(vi) a certificate of a director of Seller, dated as of the Consideration Spreadsheet contemplated in Section 2.6;
Closing Date, (viiA) certifying true and complete copies of the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests resolutions adopted and are reasonably necessary to consummate passed by the Seller Board of Directors approving the transactions contemplated by this Agreement and the ARSHA, (B) attaching and certifying true and complete copies of the Seller’s Organizational Documents, (C) certifying the valid existence of Seller under the laws of the Cayman Islands and that there are no Government Proceedings for the dissolution or liquidation of Target or any of the Subsidiaries, and (D) certifying as to the signatures and authority of persons signing this Agreement, the ARSHA and related documents on behalf of Seller; and
(vii) a certificate of a director of Target, dated as of the Closing Date, (A) certifying true and complete copies of resolutions adopted and passed by the Target Board of Directors approving the transactions contemplated by this Agreement (including without limitation the transfer of the Target Shares from Seller to Buyer), (B) attaching and certifying true and complete copies of the Target’s Organizational Documents, (C) certifying the valid existence of Target under the laws of the Cayman Islands and that there are no Government Proceedings for the dissolution or liquidation of Target or any of the Subsidiaries, and (D) certifying as to the signatures and authority of persons signing this Agreement and related documents on behalf of Target.
(b) At the Closing, Holdings Buyer shall deliver or cause to be delivered to Seller Representative (or such other Person as may be specified herein) the following:
(i) each a certified true copy of the Promissory Notes made payable updated register of members of Buyer recording and giving effect to each the issue and allotment of the Buyer Shares, credited as fully paid, to Seller, and recording Seller and in as the principal amounts set forth in registered legal holder of the Consideration Spreadsheet, duly executed by HoldingsBuyer Shares;
(ii) stock certificates a new share certificate representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown Buyer Shares issued by Buyer in the Consideration Spreadsheetname of Seller;
(iii) a copy of the Second Amended and Restated Memorandum and Articles of Association duly stamped by the Registrar of Companies in the Cayman Islands;
(iv) the Buyer Closing Certificate duly executed by Buyer; and
(v) a certificate of the Chief Executive Officer of Buyer, dated as of the Closing Date, (A) certifying true and complete copies of the resolutions adopted and passed by the Buyer Board of Directors and the Audit Committee of Buyer approving the transactions contemplated by this Agreement and the ARSHA, (B) attaching and certifying true and complete copies of the Buyer’s Organizational Documents, (C) certifying the valid existence of Buyer under the laws of the Cayman Islands and that there are no Government Proceedings for the dissolution or liquidation of Buyer or any of the Subsidiaries, and (D) certifying as to the signatures and authority of persons signing this Agreement, the ARSHA and related documents on behalf of Buyer.
Appears in 2 contracts
Sources: Share Purchase Agreement (Hanwha SolarOne Co., Ltd.), Share Purchase Agreement (Hanwha Solar Holdings Co., Ltd.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver Company will have delivered or caused to be delivered to Holdings all of the followingfollowing in form and substance satisfactory to Holdings:
(i) all stock certificates held copies of the resolutions unanimously and duly adopted by the Sellers representing Company's managers, authorizing the Sharesexecution, to delivery and performance by the extent such Shares are certificated at Company of this Agreement, and the time consummation of Closingall of the other transactions hereunder and thereunder, certified as of the Closing Date by the secretary of the Company;
(ii) a certificate, certificate dated as of the Closing Date and signed by a duly authorized from an officer or manager of the Target Company, that Company and from each of the Members stating that the conditions set forth specified in Section 8.2(a) and Section 8.2(b) 5.3 have been satisfied;fully satisfied or waived by the Company and the Members, as applicable; and
(iii) a certificate of good standing and existence form the Secretary (or equivalent officer) of State of the Target Company certifying that (a) attached thereto are true and complete copies State of all resolutions adopted by Texas, of a recent date, with respect to the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this AgreementCompany.
(b) At the Closing, Holdings shall deliver will have delivered or caused to Seller Representative (or such other Person as may be specified herein) delivered to the followingCompany and the Members each of the following in form and substance satisfactory to the Company and the Members:
(i) each a certificate of the Promissory Notes made payable to each Seller secretary of Holdings and in GAI, certifying (A) that a true, correct and complete copy of the principal amounts set forth in articles of incorporation of Holdings and articles of organization of GAI, respectively, is attached, and (B) that a true, correct and complete copy of the Consideration Spreadsheetbylaws of Holdings and the regulations of GAI, duly executed by Holdingsrespectively, is attached;
(ii) stock copies of the resolutions unanimously and duly adopted by the board of directors of Holdings and the managers of GAI, respectively, authorizing the execution, delivery and performance by Holdings and GAI of this Agreement, and the consummation of all of the other transactions hereunder and thereunder, certified as of the Closing Date by the secretary of Holdings and GAI, as applicable;
(iii) a certificate dated as of the Closing Date from an officer of each of GAI and Holdings and the Holdings Shareholder stating that the conditions specified in section 5.2 have been fully satisfied or waived by GAI, Holdings and the Holdings Shareholders, as applicable;
(iv) certificates representing the portion an aggregate of 1,465,200 shares of Holdings Equity allocated Common Stock, issued to each Seller the Members in accordance with such Seller’s Pro Rata ShareSection 2.5(b) above; and
(v) a certificate of existence and good standing from the Secretaries of State of the States of Colorado and Texas, each of a recent date, with respect to Holdings and GAI, as shown in the Consideration Spreadsheet;applicable.
Appears in 2 contracts
Sources: Merger Agreement (Kruger Paul), Merger Agreement (Boundless Motor Sports Racing Inc)
Closing Deliverables. (a) At or prior to the Closing, each Contributor shall deliver, or cause to be delivered, to the Seller Representative shall deliver Operating Partnership all documents necessary or appropriate to Holdings consummate the Closing, including the following, all in form and substance reasonably acceptable to the Operating Partnership:
(i) an Assignment and Assumption Agreement in substantially the form set forth in Exhibit F attached hereto transferring all stock certificates held by the Sellers representing the Sharesof such Contributor’s right, title and interest in and to each Initial Property Owner to the extent such Shares are certificated at the time of ClosingOperating Partnership (“Assignment and Assumption Agreement”);
(ii) A certificate from such Contributor certifying to the Operating Partnership (i) the accuracy of such Contributor’s representations and warranties made by Contributor hereunder, and (ii) the accuracy and current enforceability of the organizational documents for the applicable Initial Property Owner and (iii) the absence of any Fund Material Adverse Effect;
(iii) all documents and instruments, if any, necessary to reflect the change in the general partner and limited partners of each Initial Property Owner in its state of formation and each state in which an Initial Property Owner is qualified;
(iv) an affidavit certifying that such Contributor is not a certificate, dated “foreign person,” as that term is defined by Section 1445 of the Closing Date and signed Code;
(v) all documents required by a lender in connection with the assumption or prepayment of any existing loan at or prior to Closing, duly authorized officer executed by each applicable party;
(vi) a duly executed copy of the Target CompanyA&R OP Agreement; and
(vii) any other documents reasonably requested by the Operating Partnership or reasonably necessary or desirable to assign, that each transfer, convey, contribute and deliver the Ownership Interests, free and clear of the conditions set forth in Section 8.2(aall Liens (other than Permitted Liens) and to effectuate the transactions contemplated hereby.
(b) At or prior to the Closing, the Operating Partnership shall deliver, or cause to be delivered, to each Contributor all documents necessary or appropriate to consummate the Closing, including the following, all in form and substance reasonably acceptable to each Contributor:
(i) an Assignment and Assumption Agreement;
(ii) the SCGP Consideration due SCGP and the SCLP Consideration due SCLP pursuant to Section 8.2(b) have been satisfied1.02 hereof;
(iii) a certificate duly executed copy of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;A&R OP Agreement; and
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the any other documents to reasonably requested by either Contributor as may be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary or proper to consummate effectuate the transactions contemplated by this Agreementhereby.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 2 contracts
Sources: Contribution Agreement, Contribution Agreement (City Office REIT, Inc.)
Closing Deliverables. The sale, conveyance, and transfer of the Transferred Poles shall be consummated at the Closing. Buyer’s Net Payment shall be paid over to Seller at the Closing in accordance with the terms of Section 2.2 hereof. Each of the following documents (including this Agreement and collectively, the “Transaction Documents”) shall be delivered by the Parties at the Closing and dated as of the Closing Date (unless otherwise indicated):
(a) At or prior a ▇▇▇▇ of Sale evidencing the sale, conveyance, assignment and transfer of the Transferred Poles in the form of Exhibit A attached hereto;
(b) a “Pole Attachment Agreement” effective on the Closing Date, in a form and in substance reasonably acceptable to the ClosingParties;
(c) a final, non-appealable Order of the Seller Representative shall deliver New Hampshire Public Utilities Commission (the “NHPUC”), free and clear of all contingencies or conditions acceptable to Holdings the followingParties and Seller’s secured creditors, granting all necessary, final and non-appealable asset transfer and cost recovery approvals acceptable to Buyer, related to the sale of the Transferred Poles (the “NHPUC Order”);
(d) Certificate of Officer of each Party to the effect that the Transaction Documents:
(i) have been duly authorized by all stock certificates held necessary corporate or company action, and (ii) have been signed by the Sellers representing the Sharesa duly authorized representative of each respective Party who has been vested with all necessary authority to execute said Transaction Documents;
(e) Pole Transfer Assignment Notice satisfying RSA 231:170, to be filed by Buyer at closing with the extent such Shares clerks in all municipalities where Transferred Pole interests are certificated located; and
(f) An assignment of all pole and other licenses, easements, and other documentation of Seller’s interests in and rights to maintain the Transferred Poles that are in its possession at the time of Closing;
(ii) a certificate, dated which records shall be made available for Buyer’s review upon the Closing Effective Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, along with any miscellaneous document or certification not referenced hereunder which may be determined by the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments Parties as Holdings reasonably requests and are reasonably necessary to consummate effectuate the transactions contemplated by terms of this Agreement.
(bg) At Evidence of CCI’s notification to all third party attachers who hold valid licenses to attach to the ClosingTransferred Poles, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller transfer of ownership interests therein and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion assignment of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Sharerights under said attachment agreements, as shown in the Consideration Spreadsheet;including but not limited to rights of billing and collection.
Appears in 2 contracts
Sources: Settlement and Asset Purchase Agreement, Settlement and Asset Purchase Agreement
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver to Holdings Parent the following:
(i) all stock certificates held by resignations of the Sellers representing directors and officers of the Shares, Company pursuant to the extent such Shares are certificated at the time of ClosingSection 5.7;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a7.2(a) and Section 8.2(b7.2(b) have been satisfied;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company certifying that (aA) attached thereto are true and complete copies of (1) all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary other Transaction Documents and the consummation of the transactions contemplated hereby and thereby and (2) the Stockholder Approval, and (B) all such resolutions are in full force and effect, unamended and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a good standing certificate from the Secretary of State of the State of Delaware;
(v) at least three (3) Business Days prior to the Closing, the Estimated Schedule;
(vi) the FIRPTA Statement;
(vii) employment offer letters for each of ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇, ▇▇▇▇ Held, ▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ Virgalito in the form of Exhibit C attached hereto, duly executed by each such employee;
(viii) restrictive covenant agreements with each of the Persons listed on Schedule 2.4 in the form of Exhibit D attached hereto, duly executed by each such Person;
(ix) termination of employment agreements, duly executed by each of ▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ Held, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, which termination agreements shall be as agreed to by Parent and which shall include an unconditional waiver and release by each individual of any rights to severance or any other payments of any kind or nature by the Company or any Affiliate of the Company arising from such individual’s termination of employment;
(x) evidence satisfactory to Parent that the individuals listed in Section 2.1(g) of the Company Disclosure Schedule have been added to the payroll of the Company effective as of January 1, 2019;
(xi) evidence satisfactory to Parent that the Company owns 100% of each of its Subsidiaries;
(xii) a schedule in form and substance satisfactory to Parent setting forth, for each holder of Company Stock Options, the total amount of all applicable Taxes that are required to be withheld and remitted to any Governmental Entity in connection with the cancellation of Company Stock Options in exchange for Parent Stock pursuant to the terms of this Agreement;
(xiii) each holder of a Company Stock Option shall have executed and delivered an option cancellation agreement in form and substance reasonably acceptable to Company and Parent providing for the cancellation of the Company Stock Option held by such holder; and
(xiv) such other documents or instruments as Parent reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Parent shall deliver to the Company (or such other Person as may be specified herein) the following:
(i) payment to each Pay-Off Lender by wire transfer of immediately available funds an amount equal to the Estimated Closing Indebtedness owing from the Company to such Pay-Off Lender as set forth on the Estimated Schedule;
(ii) payment of third parties by wire transfer of immediately available funds that amount of money due and owing from the Company to such third parties as Company Transaction Expenses as set forth on the Estimated Schedule;
(iii) a certificate, dated the Closing Date and signed by a duly authorized officer of Company, that each of the conditions set forth in Section 7.3(a) and Section 7.3(b) have been satisfied;
(iv) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of Parent and Merger Sub certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of Parent and Merger Sub authorizing the execution, delivery and performance of this Agreement and the other Transaction Documents and the consummation of the transactions contemplated hereby and thereby, and (b) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of Exchange Agent Agreement duly executed by the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statementparties thereto; and
(viiivi) such other documents or instruments as Holdings the Company reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 2 contracts
Sources: Merger Agreement (Acreage Holdings, Inc.), Merger Agreement
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall Company or the Sellers, as applicable, will deliver to Holdings Buyer:
(a) the followingoriginal share certificates representing the Shares in the name of the Sellers, together with valid share transfer forms in respect of the Shares, duly executed by the Sellers in favour of Buyer together with a working sheet signed by a director or secretary of the Company computing the net asset value per share of the Company and/or such other document(s) as may be prescribed from time to time by the Stamp Duty Branch of the Inland Revenue Authority of Singapore for the purpose of assessing the Stamp Duty payable on a transfer of shares;
(b) certified true copies of the resolutions passed by the Board of Directors of the Company:
(i) all stock certificates held by approving the Sellers representing transfer of the Shares, Shares to the extent such Shares are certificated at the time of ClosingBuyer;
(ii) a certificate, dated authorising the Closing Date and signed by a duly authorized officer issue of new share certificates in respect of the Target Company, that each Shares in favour of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedBuyer;
(iii) a certificate approving the entry of the Secretary (or equivalent officer) name of Buyer into the register of members of the Target Company certifying that (a) attached thereto are true and complete copies as the holder of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement Shares and the Ancillary Documents and the consummation making of such other entries into other corporate records of the transactions contemplated hereby Company as may be necessary to effectuate and thereby, and (b) such resolutions are in full force and effect and are all reflect the resolutions adopted in connection with the transactions contemplated hereby and therebyAcquisition;
(iv) a certificate effecting and accepting the resignation of the Secretary (or equivalent officerdirectors, officers and secretary(ies) of the Target Company certifying Company, with effect from the names Closing and signatures appointing as its directors, officers and secretary(ies) of the officers of the Target Company authorized to sign this AgreementCompany, the Ancillary Documents and person(s) nominated by Buyer as notified to the other documents to be delivered hereunder and thereunder;Sellers in writing, with effect from the Closing Date; and
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority revoking all existing authorities to banks in respect of the jurisdiction under the Laws operation of its bank accounts and giving authority in which the Target Company is organizedfavour of such persons as Buyer may nominate to operate such accounts;
(vic) certified true copies of the Consideration Spreadsheet contemplated in Section 2.6;resolutions passed by the Board of Directors of each Seller that is not an individual (if applicable):
(viii) approving the FIRPTA Statementsale of the Shares held by such Seller to Buyer; and
(viiiii) authorising the execution by such Seller of all other documents and agreements ancillary or instruments as Holdings reasonably requests pursuant thereto or in connection therewith, and are reasonably necessary to consummate the transactions contemplated by this Agreement.execution thereof (where necessary) under the common seal of such Seller;
(bd) At a letter duly signed by each officer, secretary or director of the Company (the “Company Officers”) tendering his or her resignation as officer, secretary or director of the Company and/or all offices or places of profit under the Company, to be effective as of the Closing, Holdings shall deliver in the form attached hereto as Exhibit E (the “Director and Officer Resignation Letter”);
(e) deeds executed by the Sellers and each of the Company Officers confirming that they each have no claim against the Company (including without limitation, in respect of the Company Officers, for compensation for loss of office, but excluding indemnity obligations of the Company to Seller Representative the Company Officers under the articles of association and bylaws (or similar organizational documents) of the Company or any insurance policy maintained by the Company for the benefit of the Company Officers (“Inchoate Indemnity Claims”)) and if there are any claims that they shall release and disclaim all their rights to such other Person claims, which deeds shall be substantially in the form attached hereto as Exhibit H (the “Deed of Confirmation and Release”);
(f) such waivers or consents as may be specified hereinnecessary to enable Buyer to be registered in the register of members of the Company as holder of any and all of the Shares;
(g) the following:certificates of title, title deeds, leases and tenancy agreements and all other documentation relating to the Property;
(h) all financial, accounting and tax records of the Company (including, without limitation, all management accounts, correspondence with government, governmental agencies, statutory bodies or revenue authorities, banks and other financiers, customers and vendors for the Company);
(i) each the notice of incorporation, common seals, the memorandum and articles of association, cheque books and all statutory and other books and records and current business registration certificates and business licences of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, Company (duly executed by Holdingswritten up-to-date);
(j) a list of all bank accounts maintained by the Company;
(k) bank statements of all bank accounts of the Company as at the Close of Business on the last Business Day prior to the Closing Date, together with directions, in the agreed form, varying and/or replacing the mandates given to such banks by the Company;
(l) an acknowledgment in the agreed form from the Sellers that there is no Indebtedness owing at Closing from the Company to any Sellers and that all Seller-Related Guarantees have been fully and completely discharged as at Closing. For the purposes of this provision, “Seller-Related Guarantees” means all guarantees, indemnities, counter-indemnities and letters of comfort of any nature whatsoever: (i) given to any third party by the Company in respect of any Liability of the Seller or (ii) stock certificates representing the portion of Holdings Equity allocated given to each any third party by any Seller in accordance with such Seller’s Pro Rata Share, as shown in respect of any Liability of the Consideration Spreadsheet;Company; and
Appears in 2 contracts
Sources: Share Purchase and Sale Agreement, Share Purchase and Sale Agreement (Zendesk, Inc.)
Closing Deliverables. (a) At or prior to the Company Share Distribution Closing, (i) the Seller Representative BJF Personal Representatives shall deliver to Holdings the following:
(i) all LDK and BZF, respectively, stock certificates held by evidencing the Sellers representing the LDK Additional Company Shares and BZF Additional Company Shares, to the extent such Shares are certificated at the time respectively, free and clear of Closing;
all Liens (other than Liens arising under applicable securities Laws), duly endorsed in blank or accompanied by stock powers or other instruments of transfer duly executed in blank, with all required share transfer tax stamps affixed thereto, and (ii) LDK and BZF, respectively, shall deliver to the BJF Personal Representatives a certificate, dated properly completed certificate reasonably acceptable to the Closing Date BJF Personal Representatives and signed by a duly authorized officer of the Target Company, in form and substance described in Treasury Regulations Section 1.1445-5(b)(3)(ii) stating that each of the conditions set forth LDK and BZF, respectively, is not a “foreign person” as defined in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate 1445 of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this AgreementCode.
(b) At the BZF Company Share Acquisition Closing, Holdings (i) unless NASCAR delivers to BZF the notice described in clause (iii), BZF shall deliver to Seller Representative NASCAR, by wire transfer of immediately available funds to an account specified in writing by NASCAR or check (at the election of NASCAR) or such other Person manner as may be specified herein) agreed between the following:
(i) each of applicable Parties prior to the Promissory Notes made payable to each Seller and in Applicable Closing Date, the principal amounts set forth in the Consideration SpreadsheetBZF Repayment Amount, duly executed by Holdings;
(ii) BZF shall deliver to NASCAR (A) stock certificates representing evidencing the portion BZF Company Shares, free and clear of Holdings Equity allocated all Liens (other than Liens arising under applicable securities Laws), duly endorsed in blank or accompanied by stock powers or other instruments of transfer duly executed in blank, with all required share transfer tax stamps affixed thereto, and (B) a properly completed certificate reasonably acceptable to each Seller NASCAR and in accordance with such Seller’s Pro Rata Shareform and substance described in Treasury Regulations Section 1.1445-2 stating that BZF is not a “foreign person” as defined in Section 1445 of the Code, and (iii) NASCAR shall deliver to BZF by wire transfer of immediately available funds to an account specified in writing by BZF or check (at the election of NASCAR) or other manner as shown agreed between the applicable Parties prior to the Applicable Closing Date, an amount equal to the Consideration; provided, however, that NASCAR, upon delivery of written notice to BZF not less than one day prior to the BZF Company Share Acquisition Closing, may elect to reduce the amount of Consideration delivered pursuant to this clause (iii) by the BZF Repayment Amount, in which case BZF will be deemed to have delivered the Consideration Spreadsheet;BZF Repayment Amount to NASCAR for purposes of this Agreement.
Appears in 2 contracts
Sources: Stock Transfer Agreement (International Speedway Corp), Stock Transfer Agreement (International Speedway Corp)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver or cause to Holdings be delivered to Investor the following:
(i) all stock certificates held a copy of the Company’s irrevocable instructions to the Transfer Agent instructing the Transfer Agent to establish and credit, on an expedited basis, a restricted book entry at such Transfer Agent evidencing the Common Shares in a segregated account established by the Sellers representing Transfer Agent for the Shares, to Investor’s benefit and registered in the extent such Shares are certificated at the time name of ClosingInvestor;
(ii) a certificate, dated duly executed Transfer Agent Instructions acknowledged by the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied’s transfer agent;
(iii) a certificate an opinion of ▇▇▇▇▇ Day, counsel for the Company (“Company Counsel”), dated as of the Secretary (or equivalent officer) of Closing Date, in substantially the Target Company certifying that (a) form attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyhereto as Exhibit B;
(iv) a certificate, executed by the Secretary of the Company and dated as of the Closing Date, as to (A) the resolutions consistent with Section 3.1(b) as adopted by the Company’s Board of Directors in a form reasonably acceptable to such Investor, (B) the certificate of incorporation, and (C) the Secretary (or equivalent officer) bylaws, each as in effect as of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderClosing Date;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority Special Committee of the jurisdiction under Board of Directors of the Laws Company shall have received on the date of this Agreement the opinion of Deutsche Bank Securities Inc. as investment bankers that, as of the date of such opinion, and subject to the assumptions made, matters considered and limits of review set forth therein, the $165,375,000 cash purchase price in which the Target Company Acquisition Agreement, subject to potential downward adjustments based on closing net working capital and net cash amounts, as described in Section 2.3 of the Acquisition Agreement, is organizedfair, from a financial point of view, to SunPower;
(vi) a written waiver or amendment to the Consideration Spreadsheet contemplated in Section 2.6;Company’s Revolving Credit Agreement, dated as of September 27, 2011, among the Company and the Lenders named therein (the “Credit Agreement”) on terms reasonably acceptable to Investor sufficient to ensure no default or event of default under the credit Agreement is continuing; and
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary relating to consummate the transactions contemplated by this AgreementAgreement as Investor or its counsel may reasonably request.
(b) At the Closing, Holdings Investor shall deliver or cause to Seller Representative (or such other Person as may be specified herein) delivered to the Company the following:
(i) each of The Purchase Price, by wire transfer to an account designated in writing to such Investor by the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with Company for such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;purpose.
Appears in 2 contracts
Sources: Private Placement Agreement, Private Placement Agreement (Sunpower Corp)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative following documents shall deliver to Holdings be amended and restated, or shall become effective, at the followingtimes indicated below:
(i) all stock certificates held Immediately following the transactions contemplated by Section 2.1(a)(i), the Sellers representing partnership agreement of Canadian LP shall be amended and restated in the Shares, to the extent such Shares are certificated at the time form of ClosingExhibit J hereto;
(ii) a certificateImmediately upon the Effective Time, dated the Topco Post-Closing Date Investor Rights Agreements shall become effective; and
(iii) Immediately upon the Effective Time, the Registration Rights Agreement shall become effective;
(b) At the Closing, the following documents shall be delivered by ▇▇▇ to Polaris and signed by a duly authorized officer Topco:
(i) resignations of the Target Company, that each directors and officers of ▇▇▇;
(ii) written evidence of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedtermination of all Contracts required pursuant to Section 8.7;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company each of ▇▇▇ and Merger Sub certifying that (a1) attached thereto are true and complete copies of (A) all resolutions adopted by the Target Company ▇▇▇ Board or the board of directors of Merger Sub, as applicable, authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebyhereby, including the Integration Transaction, and (bB) the vote of the stockholders of each of ▇▇▇ and Merger Sub approving the Merger, and adopting this Agreement, and (2) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;hereby, including the Integration Transaction; and
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority Agency of the jurisdiction under the Laws laws in which the Target Company ▇▇▇ is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(bc) At the Closing, Holdings the following documents shall deliver be delivered by Topco to Seller Representative (or such other Person as may be specified herein) the followingPolaris and ▇▇▇:
(i) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of each of Transit, Topco, Canadian LP and CanHoldco certifying that (1) attached thereto are true and complete copies of (A) all resolutions adopted by the Promissory Notes made payable to boards of directors (or equivalent governing bodies) of each Seller of Transit, Topco, Canadian LP and CanHoldco authorizing the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, including the Integration Transaction, and (B) resolutions of the stockholders (or, in the principal amounts set forth case of Canadian LP, the general partner) of each of Transit, Topco, Canadian LP and CanHoldco approving the Integration Transaction, including the Merger, and adopting this Agreement, and (2) all such resolutions are in full force and effect and are all the Consideration Spreadsheetresolutions adopted in connection with the transactions contemplated hereby, duly executed by Holdings;including the Integration Transaction; and
(ii) stock certificates representing a good standing certificate (or its equivalent) from the portion secretary of Holdings Equity allocated to state or similar Governmental Agency of the jurisdiction under the laws in which each Seller in accordance with such Seller’s Pro Rata Shareof Transit, as shown in the Consideration Spreadsheet;Topco, Canadian LP, CanHoldco and Merger Sub is organized.
Appears in 2 contracts
Sources: Transaction Agreement and Plan of Merger (Loral Space & Communications Inc.), Transaction Agreement and Plan of Merger (Telesat Canada)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver Buyer will make the payments specified in Section 2.3 and will deliver, or cause to Holdings be delivered, to the followingSeller, as applicable:
(i) all stock certificates held the officer’s certificate contemplated by the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingSection 7.3(c);
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedexecuted Assignment;
(iii) a certificate duly executed by the secretary or any assistant secretary of the Secretary Buyer, dated as of the Closing, attaching and certifying on behalf of the Buyer (A) the Organizational Documents of the Buyer and (B) the resolutions of the board of directors (or equivalent officerother appropriate governing body) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board Buyer authorizing the execution, delivery and performance by the Buyer of this Agreement the Transaction Documents to which it is a party and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate duly executed counterpart of the Secretary Transition Services Agreement; and
(v) such other documents and instruments as may be required by any other provision of this Agreement or as may reasonably be required or requested by the Seller to consummate the transactions contemplated hereby.
(b) At the Closing, the Seller will deliver, or cause to be delivered, to the Buyer:
(i) a duly executed Assignment;
(ii) the officer’s certificates contemplated by Section 7.2(d);
(iii) a certificate duly executed by the secretary or any assistant secretary of the Seller, dated as of the Closing, attaching and certifying on behalf of the Seller (A) the Organizational Documents of the Seller and (B) the resolutions of the board of directors of the Seller authorizing the execution, delivery and performance by the Seller of the Transaction Documents to which it is a party and the transactions contemplated thereby;
(iv) a properly completed certificate described in Treasury Regulations Section 1.1445-2 dated on or before the Closing Date stating that the Seller (or equivalent officerSeller’s regarded parent if Seller is a disregarded entity) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderis not a foreign person;
(v) resignation letters from the individuals listed on Section 2.6(b)(v) of the Seller Disclosure Letter;
(vi) a good standing certificate (or its equivalent) for each Company from the secretary Secretary of state State or similar Governmental Authority of the jurisdiction under of formation or organization of such Company, in each case dated as of a date within five Business Days before the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6Closing Date;
(vii) copies of the FIRPTA Statementthird party consents and approvals identified in Section 3.3(c) and Section 4.3(c) of the Seller Disclosure Letter;
(viii) the Inventory Reconciliations;
(ix) a duly executed counterpart of the Transition Services Agreement; and
(viiix) such other documents or and instruments as Holdings may be required by any other provision of this Agreement or as may reasonably requests and are reasonably necessary be required or requested by the Buyer to consummate the transactions contemplated by this Agreementhereby.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 2 contracts
Sources: Membership Interest Purchase Agreement (American Midstream Partners, LP), Membership Interest Purchase Agreement (Green Plains Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Parent shall deliver to Holdings the followingInvestors:
(i) all stock certificates held by the Sellers representing the SharesTrue and correct copies of written resolutions, to the extent such Shares are certificated at the time or minutes of Closing;
(ii) a certificatemeeting, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each board of directors of the conditions set forth Parent (the “Board”), approving and adopting in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing respects the execution, delivery and performance by the Parent of this Agreement and the Ancillary Documents transactions contemplated hereby, including, among others, (a) authorizing the issuance and sale of the consummation Purchased Securities against payment of the Purchase Price therefor; (b) approving the execution, delivery and performance by the Parent of all agreements contemplated herein to which the Parent is party and any agreements, instruments or documents ancillary thereto; and (c) adopting the Restated Bylaws as an amendment and restatement of the existing Bylaws of the Parent as in effect prior to the Closing, in the form attached hereto as Schedule 1.6(a)(i).
(ii) True and correct copies of written resolutions, or minutes of meeting, of the Parent’s stockholders approving and adopting in all respects the execution, delivery and performance by the Parent of this Agreement and the transactions contemplated hereby and therebyhereby, including, among others, (a) the adoption of the Restated Articles; and (b) the approval of the execution, delivery and performance by the Company of all agreements contemplated herein to which the Company is party and any agreements, instruments or documents ancillary thereto, in the form attached hereto as Schedule 1.6(a)(ii);
(iii) Duly executed stock certificates or book-entry confirmations representing the respective Purchased Shares issued to each Investor at the Closing in the name of each of such resolutions are Investor, in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyform attached hereto as Schedule 1.6(a)(iii);
(iv) a certificate The Warrants issued to each Investor at the Closing in the name of the Secretary (or equivalent officer) each of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;such Investor; and
(v) a good standing A certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing an executive officer of the portion Parent as of Holdings Equity allocated to each Seller the Closing stating that the conditions specified in accordance with such Seller’s Pro Rata ShareSection 5 have been satisfied, as shown in the Consideration Spreadsheet;form attached hereto as Schedule 1.6(a)(v).
Appears in 2 contracts
Sources: Securities Purchase Agreement (ScoutCam Inc.), Securities Purchase Agreement (Intellisense Solutions Inc.)
Closing Deliverables. (a) At On or prior to the ClosingClosing Date, the Seller Representative shall deliver deliver, or cause to Holdings be delivered, to the followingPurchaser:
(i) all stock share certificates held by the Sellers representing the SharesHoldCo Shares under the Purchaser’s name, free and clear of any Security Interests and transfer restrictions, duly endorsed by stock powers or other instruments properly evidencing transfer of the HoldCo Shares in a form acceptable to the extent such Shares are certificated at Parent and the time of ClosingPurchaser, with appropriate transfer stamps, if any, affixed;
(ii) a certificatethe executed side letters or agreements entered into between the Seller and PGIF and the Company, in which PGIF and the Company have agreed to comply with the applicable terms of this Agreement. ;
(iii) the Assignment Agreement duly executed by the Seller;
(iv) the Shareholder Agreement duly executed by the Seller;
(v) the Director Agreement duly executed by the Company;
(vi) an opinion from Hong Kong counsel of the Seller and HoldCo in the form acceptable to the Purchaser;
(vii) an opinion from Indonesian counsel of PGIF and the Company in the form acceptable to the Purchaser;
(viii) good standing certificates from each of the Seller, HoldCo, PGIF, and the Company of their respective jurisdictions of incorporation;
(ix) certificates duly executed by an officer of each of the Seller, ▇▇▇▇▇▇, PGIF, and the Company, dated as of the Closing Date and signed by a duly authorized officer of the Target CompanyDate, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) 9.2 have been satisfied, respectively;
(iiix) a certificate certificates duly executed by the secretary of each of the Secretary (or equivalent officer) Seller, ▇▇▇▇▇▇, PGIF, and the Company, dated as of the Target Company certifying that Closing Date, as to their respective (aA) attached thereto are true Organizational Documents, (B) resolutions of the board of directors or persons performing a similar function duly adopted and complete copies of all resolutions adopted by the Target Company Board authorizing in effect, which authorize the execution, delivery delivery, and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebyby this Agreement (the “Transactions”), and (bC) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the officers’ names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents Transaction Documents, and the any other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statementhereunder; and
(viiixi) such all other documents or instruments as Holdings reasonably requests requested by the Purchaser that are compulsory by law to effect the intent of this Agreement and are reasonably necessary to consummate the transactions contemplated by this AgreementTransactions.
(b) At On or prior to the ClosingClosing Date, Holdings the Parent shall deliver pay, or caused to be paid, or deliver, or cause to be delivered, as applicable, to the Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and Cash Consideration by wire transfer in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdingsaccordance with Section 2.2(a);
(ii) stock this Agreement duly executed by each of the Parent and the Purchaser;
(iii) the Assignment Agreement duly executed by the Parent;
(iv) the Shareholder Agreement duly executed by the Purchaser;
(v) an irrevocable instruction letter directing the transfer agent of the Company the issuance and registration of the Shares in the name of the Purchaser, or its designated nominee, effective as of the Closing Date;
(vi) the Director Agreement duly executed by an individual designated by the Parent to serve on the Board of Directors of the Company;
(vii) certificates representing duly executed by an officer of each of the portion Parent and the Purchaser, dated as of Holdings Equity allocated to the Closing Date, that each Seller of the conditions set forth in accordance with such Seller’s Pro Rata ShareSection 9.1 have been satisfied, respectively;
(viii) certificates duly executed by the secretary of each of the Parent and the Purchaser dated as of the Closing Date, as shown to their respective (A) Organizational Documents, (B) resolutions of the board of directors duly adopted and in effect, which authorize the Consideration Spreadsheet;execution, delivery, and performance of this Agreement and the consummation of the Transactions, and (C) officers’ names and signatures authorized to sign this Agreement, the Transaction Documents, and any other documents to be delivered hereunder; and
(ix) all other documents reasonably requested by the Purchaser that are compulsory by law to effect the intent of this Agreement and consummate the Transactions.
Appears in 2 contracts
Sources: Share Purchase Agreement (Cn Energy Group. Inc.), Share Purchase Agreement (Cn Energy Group. Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver Company will have delivered or caused to be delivered to Holdings all of the followingfollowing in form and substance satisfactory to Holdings:
(i) all stock certificates held copies of the resolutions unanimously and duly adopted by the Sellers representing Company's board of directors, authorizing the Sharesexecution, to delivery and performance by the extent such Shares are certificated at Company of this Agreement, and the time consummation of Closingall of the other transactions hereunder and thereunder, certified as of the Closing Date by the secretary of the Company;
(ii) a certificate, certificate dated as of the Closing Date and signed by a duly authorized from an officer of the Target Company, that Company and from each of the Company Shareholders stating that the conditions set forth specified in Section 8.2(a) and Section 8.2(b) 5.3 have been satisfied;fully satisfied or waived by the Company and the Company Shareholders, as applicable; and
(iii) a certificate of good standing and existence form the Secretary (or equivalent officer) of State of the Target Company certifying that (a) attached thereto are true and complete copies State of all resolutions adopted by Nevada, of a recent date, with respect to the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this AgreementCompany.
(b) At the Closing, Holdings shall deliver will have delivered or caused to Seller Representative (or such other Person as may be specified herein) delivered to the followingCompany and the Company Shareholders each of the following in form and substance satisfactory to the Company and the Company Shareholders:
(i) each a certificate of the Promissory Notes made payable to each Seller secretary of Holdings and in TAI, certifying (A) that a true, correct and complete copy of the principal amounts set forth in articles of incorporation of Holdings and TAI, as applicable is attached, and (B) that a true, correct and complete copy of the Consideration Spreadsheetbylaws of Holdings and TAI, duly executed by Holdingsas applicable is attached;
(ii) stock copies of the resolutions unanimously and duly adopted by each of Holdings' and TAI's boards of directors authorizing the execution, delivery and performance by Holdings and TAI of this Agreement, and the consummation of all of the other transactions hereunder and thereunder, certified as of the Closing Date by the secretary or assistant secretary of Holdings and TAI, as applicable;
(iii) a certificate dated as of the Closing Date from an officer of each of TAI and Holdings and the Holdings Shareholder stating that the conditions specified in section 5.2 have been fully satisfied or waived by TAI, Holdings and the Holdings Shareholders, as applicable;
(iv) certificates representing the portion an aggregate of [13,461,200] shares of Holdings Equity allocated Common Stock, issued to each Seller the Company Shareholders in accordance with such Seller’s Pro Rata ShareSection 2.5(b) above; and
(v) a certificate of existence and good standing from the Secretaries of State of the States of Colorado and Nevada, each of a recent date, with respect to Holdings and TAI, as shown in the Consideration Spreadsheet;applicable.
Appears in 2 contracts
Sources: Merger Agreement (Kruger Paul), Merger Agreement (Boundless Motor Sports Racing Inc)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative each Contributor shall deliver to Holdings the Company and/or OpCo, as applicable, the following:
(i) all stock certificates held In the case of HoldCo, an assignment of the HoldCo Assets in substantially the form attached as Exhibit B-1, duly executed and delivered by the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingHoldCo;
(ii) a certificate, dated In the Closing Date and signed by a duly authorized officer case of the Target CompanyContributors other than HoldCo, that each an assignment of such Contributor’s Contributed Assets in substantially the conditions set forth in Section 8.2(a) form attached hereto as Exhibit B-2, duly executed and Section 8.2(b) have been satisfieddelivered by such Contributor;
(iii) A certification of non-foreign status with respect to such Contributor, or if such Contributor is a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution“disregarded entity,” with respect to its regarded owner, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection a form consistent with the transactions contemplated hereby and thereby;Treasury Regulation Section 1.1445-2(b)(2)(iv)(i); and
(iv) a certificate A release of all liens, mortgages, deeds of trust or other encumbrances, in form reasonably acceptable to the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this AgreementCompany, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) affecting such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this AgreementContributor’s respective Contributed Assets, if any.
(b) At the Closing, Holdings the Company and/or OpCo, as applicable, shall deliver or pay, as applicable, the following to Seller Representative (or such other Person as may be specified herein) the followingeach applicable Contributor:
(i) each of the Promissory Notes made payable The assignment delivered by HoldCo pursuant to each Seller and in the principal amounts set forth in the Consideration SpreadsheetSection 2.5(a)(i) above, duly executed and delivered by HoldingsOpCo and the Company;
(ii) stock certificates representing Each assignment delivered by the portion Contributors pursuant to Section 2.5(a)(ii) above, duly executed and delivered by OpCo;
(iii) The Asset Common Stock and HoldCo Common Stock, validly issued (and reflected on the books and records of Holdings Equity allocated to each Seller the Company) in accordance with the terms of this Agreement; provided, however, to the extent a Contributor is selling any shares of Common Stock pursuant to the Underwriting Agreement, said shares will be delivered to the Company’s custodian on behalf of such Seller’s Pro Rata ShareContributor; and
(iv) The Rising Star Cash, the ▇▇▇▇▇▇▇ Cash and the ▇▇▇▇▇▇▇ ▇▇ Cash (by wire transfer of immediately available funds to an account designated in writing by the applicable Contributor to the Company as shown soon as practicable but in no event later than two (2) business days after the Consideration Spreadsheet;Pricing Date).
Appears in 2 contracts
Sources: Master Contribution Agreement (RSP Permian, Inc.), Master Contribution Agreement (RSP Permian, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall Company and HoldCo will deliver or cause to Holdings the followingbe delivered:
(i) all stock certificates held to SPAC Successor, a certificate signed by an officer of the Sellers representing Company, solely in his or her capacity as such, dated as of the SharesClosing Date, certifying that, to the extent knowledge and belief of such Shares are certificated at officer, the time of Closing;conditions specified in Section 11.2(a), Section 11.2(b), Section 11.2(c) and Section 11.2(d) have been fulfilled; and
(ii) a certificateto SPAC Successor, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Investor Rights Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated duly executed by this AgreementHoldCo.
(b) At the Closing, Holdings shall SPAC Successor will deliver or cause to Seller Representative (or such other Person as may be specified herein) the followingdelivered:
(i) each to the Company, a certificate signed by an officer of SPAC Successor, solely in his or her capacity as such, dated as of the Promissory Notes made payable Closing Date, certifying that, to each Seller the knowledge and belief of such officer, the conditions specified in Section 11.3(a), Section 11.3(b), and Section 11.3(c) have been fulfilled; and
(ii) to the principal amounts set forth in Company, the Consideration SpreadsheetInvestor Rights Agreement, duly executed by Holdings;the Sponsor.
(c) At least five (5) Business Days prior to the Closing Date, the Company shall cause the Chief Financial Officer of the Company, solely in his or her capacity as such, to deliver to SPAC a certificate certified by such Chief Financial Officer (solely in his or her capacity as such) setting forth: (i) the Company’s good faith estimate of the Transaction Expenses, including reasonable supporting materials for the amount of each item included in Transaction Expenses, and (ii) stock certificates representing the portion Payment Spreadsheet and the Rollover Spreadsheet.
(d) SPAC shall cause the Chief Financial Officer of Holdings Equity allocated SPAC, solely in his or her capacity as such, to deliver to the Company a certificate certified by such Chief Financial Officer (solely in his or her capacity as such) setting forth SPAC’s good faith estimate of (i) at least five (5) Business Days prior to the Closing Date, the SPAC Transaction Expenses, including reasonable supporting materials for the amount of each Seller item included in accordance SPAC Transaction Expenses and (ii) at least two (2) Business Days prior to the Closing Date, (x) the SPAC Share Redemption Amount and (y) Closing Available Cash.
(e) On the Closing Date, substantially concurrently with such Seller’s Pro Rata Sharethe Merger Effective Time, the Surviving Company shall pay or cause to be paid, by wire transfer of immediately available funds, upon the release of proceeds from the Trust Account, (x) all transaction expenses of SPAC (which shall include any outstanding amounts under any Working Capital Loans) that are accrued and unpaid (“SPAC Transaction Expenses”), as shown set forth on a written statement to be delivered by SPAC to the Company not less than two (2) Business Days prior to the Closing Date, which shall include the respective amounts and wire transfer instructions for the payment thereof, together with corresponding invoices for the foregoing, and (y) all accrued and unpaid Transaction Expenses (“Unpaid Transaction Expenses”) as set forth on a written statement to be delivered to SPAC by or on behalf of the Company not less than two (2) Business Days prior to the Closing Date, which shall include the respective amounts and wire transfer instructions for the payment thereof, together with corresponding invoices for the foregoing; provided that any such payment of Unpaid Transaction Expenses shall be treated as having been made on behalf of the Person that incurred such Unpaid Transaction Expenses and result after Closing in an intercompany obligation from such Person to the Consideration Spreadsheet;Surviving Company; provided, further, that any Unpaid Transaction Expenses due to current or former employees, independent contractors, officers, or directors of the Company or any of its Subsidiaries shall be paid to the Company for further payment to such employee, independent contractor, officer or director through the Company’s payroll.
Appears in 2 contracts
Sources: Business Combination Agreement (Eleusis Inc.), Business Combination Agreement (Silver Spike Acquisition Corp II)
Closing Deliverables. At the Closing:
(a) At or prior to the Closing, the Seller Representative Purchaser shall deliver or cause to Holdings the followingbe delivered to Sellers:
(i) a payment as per paragraph 2.5(a), which shall be delivered via Wife transfer of immediately available funds to an account designated by Sellers in advance thereof;
(ii) the Security Agreement, duly executed by Purchaser;
(iii) a certificate, dated as of the date of the Closing and executed by an executive officer of Purchaser on behalf of Purchaser, certifying the resolutions of the board of directors of Purchaser approving the execution, delivery and implementation of this Agreement and of all stock certificates held documents to be delivered by Purchaser in connection with this Agreement and the transaction contemplated hereby or thereby; and
(iv) all Transfer Documentation duly executed by Purchaser;
(b) Sellers representing shall deliver or cause to be delivered to Purchaser:
(i) the SharesSecurity Agreement, to the extent such Shares are certificated at the time of Closingduly executed by Sellers;
(ii) a certificatecertificate from the Government Entity in jurisdictions in which the Sellers are organized, dated within five (5) Business Days prior to the Closing Date and signed by a duly authorized officer date of the Target CompanyClosing, and certifying that each of the conditions set forth said entities are in Section 8.2(a) and Section 8.2(b) have been satisfiedgood standing;
(iii) a certificate confirmation that all patents forming part of the Secretary Purchased Assets are registered in the name of ICTV US and that all renewal fees then outstanding have been paid (or equivalent officerotherwise, the fees for the transfer and/or the renewal fees will be paid by Purchaser and added to the Closing Adjustments);
(iv) certified copies of the Target Company certifying that (a) attached thereto are true and complete copies resolutions of all resolutions adopted by the Target Company Board directors of each Seller authorizing the execution, delivery and performance implementation of this Agreement and the Ancillary Documents of all documents to be delivered by Sellers in connection with this Agreement and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;; and
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheetall Transfer Documentation not otherwise referenced above, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;Sellers.
Appears in 2 contracts
Sources: Asset Purchase Agreement, Asset Purchase Agreement (ICTV Brands Inc.)
Closing Deliverables. (a) At or prior The following shall be delivered by RFG to the Purchaser at the Closing, the Seller Representative delivery of which shall deliver be a condition precedent to Holdings Purchaser’s purchase of the followingSecurities, unless the Purchaser waives RFG’s obligation with respect to any such deliverable:
(i) all stock certificates held by a certificate for the Sellers representing the Shares, to the extent such Controlling Shares are certificated at the time of Closingwith applicable transfer restriction legends;
(ii) a certificate, dated certificate from the Closing Date President of RFG confirming (A) the continuing accuracy of all of RFG’s representations and signed by a duly authorized officer of the Target Company, that each of the conditions warranties set forth in Section 8.2(a4 hereof and (B) and Section 8.2(b) have been satisfiedRFG’s compliance with all of its obligations under this Agreement;
(iii) a certificate from the Secretary of RFG: (i) certifying the Certificate of Incorporation of RFG; (ii) certifying the Bylaws of RFG; (iii) certifying the resolutions of the Secretary (or equivalent officer) board of the Target Company certifying that (a) attached thereto are true and complete copies directors of all resolutions adopted by the Target Company Board RFG authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, under this Agreement; and (biv) such resolutions are in full force attesting to the incumbency of the officers and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebydirectors of RFG;
(iv) a certificate the resignations of the Secretary (or equivalent officerRFG’s directors and officers as provided in Section 6(g) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderhereof;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority evidence of the jurisdiction under completion of the Laws in which Redemption immediately following the Target Company is organized;
(vi) purchase of the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA StatementControlling Shares; and
(viiivi) such other documents or instruments as Holdings Purchaser and its attorneys may reasonably requests and are reasonably necessary request to consummate effect the transactions contemplated by this Agreementhereby.
(b) At The following shall be delivered by Purchaser to RFG at the Closing, Holdings the delivery of which shall deliver be a condition precedent to Seller Representative (or RFG’s sale of the Controlling Shares, unless RFG waives the Purchaser’s obligation with respect to any such other Person as may be specified herein) the followingdeliverable:
(i) each of the Promissory Notes made Purchase Price due and payable by wire transfer to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsRFG’s account;
(ii) stock certificates representing a certificate from the portion President of Holdings Equity allocated Purchaser confirming (A) the continuing accuracy of all of Purchaser’s representations and warranties set forth in Section 5 hereof and (B) Purchaser’s compliance with all of its obligations under this Agreement;
(iii) a certificate from the Secretary of Purchaser: (i) certifying the Certificate of Incorporation of Purchaser; (ii) certifying the Bylaws of Purchaser; (iii) certifying the resolutions of the board of directors of Purchaser authorizing the transactions contemplated under this Agreement; and (iv) attesting to each Seller in accordance with the incumbency of the officers and directors of Purchaser; and
(iv) such Seller’s Pro Rata Share, other documents or instruments as shown in RFG and its attorneys may reasonably request to effect the Consideration Spreadsheet;transactions contemplated hereby.
Appears in 2 contracts
Sources: Acquisition Agreement (Granite Investor Group, Inc.), Acquisition Agreement (RFG Acquisition II Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver to Holdings Argo the following:
(i) all stock certificates held by resignations of the Sellers representing managers and officers of the Shares, Company pursuant to the extent such Shares are certificated at the time of ClosingSection 2.09;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company certifying that (aA) attached thereto are true and complete copies of (1) all resolutions adopted by the Target Company Board Manager authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebyhereby, and (b2) resolutions of the Owners approving the Merger and adopting this Agreement, and (B) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(viii) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(viiv) the Consideration Spreadsheet contemplated in Section 2.6completed and executed Subscription Agreements from each Owner, Concerted, and any other party that will receive Ordinary Shares pursuant to this Agreement;
(viiv) the FIRPTA Statement;
(vi) an employment and restrictive covenant agreement between Merger Sub and ▇▇▇▇▇▇ ▇▇▇▇▇, in form and substance satisfactory to Argo and ▇▇▇▇▇▇ ▇▇▇▇▇ (“▇▇▇▇▇ Employment Agreement”); and
(viiivii) such other documents or instruments as Holdings Argo reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings Argo shall deliver to Seller Representative the Company (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made The Closing Consideration, payable pursuant to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;Section 2.04(a)(i).
(ii) stock certificates representing a certificate of the portion Secretary or an Assistant Secretary (or equivalent officer) of Holdings Equity allocated Argo and Merger Sub certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of Argo and Merger Sub, respectively, authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iii) Executed counterparts of the Ancillary Documents; and
(iv) such other documents or instruments as the Company reasonably requests and are reasonably necessary to each Seller in accordance with such Seller’s Pro Rata Share, as shown in consummate the Consideration Spreadsheet;transactions contemplated by this Agreement.
Appears in 2 contracts
Sources: Merger Agreement (Argo Blockchain PLC), Merger Agreement (Argo Blockchain PLC)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Caesars Parties shall deliver deliver, or cause to Holdings the followingbe delivered, to Growth Partners:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated as of the Closing Date and signed on behalf of the Caesars Parties by a duly authorized an executive officer of the Target Companyeach Caesars Party, stating that each of the conditions set forth specified in Section 8.2(a9.3(a), Section 9.3(b) and Section 8.2(b9.3(h) have been satisfied;
(iiiii) a certificate of the Secretary (other Ancillary Agreements intended to be executed at or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby Closing to which any of the Caesars Parties is a party, duly executed by such Person, as applicable, each in form reasonably acceptable to Growth Partners;
(iii) a duly executed certificate from CEOC, prepared in accordance with Treasury Regulation Section 1.1445-2(b)(2)(iv), in form and therebysubstance reasonably acceptable to Growth Partners and on the basis of which Growth Partners shall not be required to deduct or withhold any amounts under Section 1445 of the Code from any amounts payable pursuant to this Agreement, provided that the failure of CEOC to provide such certificate shall not prevent or delay the Closing, and that in the event of such failure Growth Partners shall be entitled to withhold any amounts that may be required consistent with Section 3.6 hereof;
(iv) a certificate fee stream agreement in respect of the Secretary each Management Fee Stream in a form reasonably acceptable to Growth Partners (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreementcollectively, the Ancillary Documents and the other documents to be delivered hereunder and thereunder“Fee Stream Agreements”);
(v1) a good standing certificate to the extent the Purchased Equity Interests are certificated, certificates evidencing such Purchased Equity Interests, duly endorsed in blank or with stock powers duly executed in proper form for transfer, and with any required stock transfer stamps affixed thereto and (or its equivalent2) from to the secretary extent the Purchased Equity Interests are not certificated, confirmations of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organizedbook-entry transfer with respect to such Purchased Equity Interests;
(vi) with respect to each Owned Real Property and each ground leased Leased Real Property, an American Land Title Association extended coverage owner’s policy of title insurance (or local equivalent) (with an effective date not earlier than the Consideration Spreadsheet contemplated Closing Date) in Section 2.6favor of the applicable property owning entity (a) showing marketable fee simple (or leasehold) title to such Company Real Property vested in the applicable property owning entity, (b) containing no exceptions other than the Permitted Liens, (c) stating liability coverage in such amounts as shall be determined by Growth Partners and (d) with such endorsements as Growth Partners may reasonably request (including, without limitation, a non-imputation endorsement as to the Knowledge of the Caesars Parties) (collectively, the “Title Policies”), understanding that all costs and expenses of the Title Policies shall be paid at Closing by Parent or Sellers;
(vii) with respect to each Owned Real Property and each ground leased Leased Real Property, an updated and current as-built survey for such Company Real Property, in form and substance satisfactory to the FIRPTA StatementGrowth Partners in its sole and absolute discretion, made in accordance with ALTA/ACSM minimum technical standards and the laws of the State where the applicable Casino is located, certified to the property owning entity and Growth Partners and any other persons or entities as Growth Partners may reasonably request, showing such entire Company Real Property, all adjoining streets and roads (including, without limitation, the points of ingress and egress thereto), the exact location by metes and bounds and the exact dimensions of such Company Real Property, a legal description of such Company Real Property, the exact location of any Improvements, setback lines, protrusions, encroachments, parking spaces and easements on and upon such Company Real Property, together with all rights-of-way and other matters relating to such Company Real Property (collectively, the “Surveys”), understanding that all costs and expenses of the Surveys shall be paid at Closing by Parent or Sellers; and
(viii) such other documents or appropriately executed documents, instruments and agreements as Holdings reasonably requests and are reasonably may be necessary to consummate the transactions contemplated by this Agreement, in a form reasonably acceptable to Growth Partners, in each case which are requested by Growth Partners at least two (2) Business Days prior to Closing.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 2 contracts
Sources: Transaction Agreement (CAESARS ENTERTAINMENT Corp), Transaction Agreement (Caesars Acquisition Co)
Closing Deliverables. (a) At or prior to the each Closing, the Seller Representative Purchaser shall deliver deliver, or cause to Holdings be delivered, to Parent the following:
(i) all stock certificates held an amount in Dollars equal to the sum of (A) the applicable Closing Payment plus (B) the applicable Net Derivative Value, by the Sellers representing the Shareswire transfer in immediately available funds, to one or more accounts that have been designated by Parent at least two Business Days prior to the extent such Shares are certificated at the time of Closingapplicable Closing Date;
(ii) a certificate, dated if the Closing Date and signed by a duly authorized officer in respect of the European Target CompanyCompanies has previously occurred, that each an amount in Dollars equal to the applicable portion of the conditions set forth Holdback Amount payable, by wire transfer in Section 8.2(a) and Section 8.2(b) immediately available funds, to one or more accounts that have been satisfieddesignated by Parent at least two Business Days prior to the applicable Closing Date;
(iii) to the extent applicable, funds in an amount and of a certificate type sufficient to satisfy Purchaser's obligations with respect to the repayment of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are Intercompany Loans set forth in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebySection 5.17;
(iv) a certificate the deliverables listed on Schedule B for which Purchaser or any of its Affiliates is responsible to the Secretary (or equivalent officer) of extent they relate to the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderSubject Companies;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar reasonable evidence that all Purchaser Required Governmental Authority of the jurisdiction under the Laws in which the Target Company is organizedApprovals have been obtained;
(vi) the Consideration Spreadsheet contemplated certificate referred to in Section 2.6;6.3(c); and
(vii) the FIRPTA Statement; and
(viii) such other documents customary instruments of transfer or instruments assumption, in each case in form and substance reasonably satisfactory to Parent, as Holdings may be reasonably requests and are reasonably necessary required to consummate give effect to the transactions contemplated by this AgreementTransaction Documents to the extent they relate to such Closing.
(b) At the each Closing, Holdings Parent shall deliver deliver, or cause to Seller Representative (or such other Person as may be specified herein) delivered, to Purchaser the following:
(i) each the deliverables listed on Schedule B for which Parent or any of its Affiliates is responsible, to the Promissory Notes made payable extent they relate to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsSubject Companies;
(ii) stock the certificate referred to in Section 6.2(c);
(iii) the certificates representing referred to in Section 6.2(d), to the portion extent they relate to the Subject Companies;
(iv) reasonable evidence that all Parent Required Governmental Approvals have been obtained;
(v) subject to applicable Law, the resignations, effective as of Holdings Equity allocated such Closing, of all directors and officers of the Subject Companies, except for such individuals who are Continuing Employees;
(vi) executed assignments of Parent's right, title and interest in and to the Company In-Process Marks applicable to the Target Companies involved in such Closing; and
(vii) such other customary instruments of transfer or assumption, in each Seller case in accordance with such Seller’s Pro Rata Shareform and substance reasonably satisfactory to Purchaser, as shown in may be reasonably required to give effect to the Consideration Spreadsheet;Transaction Documents to the extent they relate to such Closing.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (General Motors Financial Company, Inc.), Purchase and Sale Agreement (General Motors Co)
Closing Deliverables. (a) At or prior Subject to the terms and conditions of this Agreement, at the Closing, the Seller Representative shall deliver to Holdings Buyer the following:
(i) all stock certificates held by the Sellers representing the Sharessuch bills of sale, assignments and such other instruments of transfer as shall transfer to Buyer full title to the extent such Shares are certificated at Purchased Assets free and clear of all Encumbrances, in form and substance mutually acceptable to the time of Closingparties hereto;
(ii) a certificate pursuant to Treasury Regulations Section 1.1445-2(b) that Seller is not a foreign person within the meaning of Section 1445 of the Code duly executed by Seller and any certificate required by Section 1446 of the Code;
(iii) the Tax Clearance Certificates and evidence, satisfactory to Buyer, of any required notifications described in Section 5.05(f);
(iv) a certificate, dated as of the Closing Date and signed executed on behalf of Seller by a duly authorized officer of its Chief Executive Officer, to the Target Company, effect that each of the conditions set forth in Section 8.2(aSections 6.01(a), 6.01(b) and Section 8.2(b6.01(c) have has been satisfied;
(iiiv) a certificate of an officer of Seller certifying as to (A) the Secretary (or equivalent officer) resolutions of the Target Company certifying that (a) attached thereto are true board of directors of Seller, duly adopted and complete copies of all resolutions adopted by the Target Company Board authorizing in effect, which authorize the execution, delivery and performance of this Agreement and the Ancillary Documents transactions contemplated hereby, (B) the resolutions of the holders of the requisite voting power of the capital stock of Seller, duly adopted and the consummation of in effect, which authorize the transactions contemplated hereby and therebyhereby, and (bC) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company Seller authorized to sign this Agreement, the Ancillary Documents Agreement and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organizedhereunder;
(vi) a written consent and release agreement, in substantially the Consideration Spreadsheet contemplated in Section 2.6form and substance of Exhibit A attached here to, from Acreage Holdings, Inc. (the “Lender Consent and Release Agreement”);
(vii) written consent from the FIRPTA StatementCity of Framingham to the assignment of the HCA or other evidence showing an HCA between the City of Framingham and Buyer and all other approvals or consents required to operate the License, in each case in form and substance acceptable to Buyer;
(viii) the Lease, as approved by Buyer in accordance with Section 5.02(d)(ii), which Lease authorizes assignment to Buyer, and assignment of said Lease to Buyer on forms acceptable to Buyer;
(ix) an accredited investor questionnaire substantially in the form attached hereto as Exhibit B (the “Accredited Investor Questionnaire”); and
(viiix) such other documents customary instruments of transfer, assumption, filings or instruments documents, in form and substance reasonably satisfactory to Buyer, as Holdings reasonably requests and are reasonably necessary may be required to consummate the transactions contemplated by give effect to this Agreement.
(b) At the Closing, Holdings Buyer shall deliver deliver, or cause to Seller Representative (or such other Person as may be specified herein) delivered, the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;Share Consideration; and
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller instruments described in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;Section 2.02(a)(i) duly executed by Buyer.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Trulieve Cannabis Corp.), Asset Purchase Agreement (Trulieve Cannabis Corp.)
Closing Deliverables. (a) At or prior to the Closing, MAII and the Seller Representative shall deliver Company will have delivered or caused to be delivered to Holdings all of the followingfollowing in form and substance satisfactory to Holdings:
(i) all stock certificates held a certificate of the secretary or assistant secretary of the Company, certifying (A) as to the names and true signatures of the officers of the Company authorized to sign this Agreement and the other documents to be delivered by the Sellers representing Company hereunder, (B) that a true, correct and complete copy of the Sharesarticles of organization of the Company is attached, to and (C) that a true, correct and complete copy of the extent such Shares are certificated at bylaws of the time of ClosingCompany is attached;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer certificate of the Target Companysecretary or assistant secretary of MAII, that each certifying (A) as to the names and true signatures of the conditions set forth in Section 8.2(aofficers of MAII authorized to sign this Agreement and the other documents to be delivered by MAII hereunder, (B) that a true, correct and Section 8.2(bcomplete copy of the articles of incorporation of MAII is attached, and (C) have been satisfiedthat a true, correct and complete copy of the bylaws of MAII is attached;
(iii) a certificate copies of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true resolutions unanimously and complete copies of all resolutions duly adopted by MAII's and the Target Company Board Company's boards of directors, authorizing the execution, delivery and performance by MAII and the Company of this Agreement and the Ancillary Documents Agreement, and the consummation of all of the other transactions contemplated hereby hereunder and therebythereunder, certified as of the Closing Date by the secretary or assistant secretary of MAII and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyCompany, as applicable;
(iv) a certificate dated as of the Secretary (or equivalent officer) Closing Date from an officer of the Target Company certifying the names and signatures each of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents MAII and the other documents to be delivered hereunder and thereunderCompany stating that the conditions specified in Section 5.3 have been fully satisfied or waived by Holdings;
(v) a certificate of good standing certificate (or its equivalent) from and existence form the secretary Secretaries of state or similar Governmental Authority State of the jurisdiction under State of Delaware and Nevada, each of a recent date, with respect to MAII and the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA StatementCompany; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreementapplicable.
(b) At the Closing, Holdings shall deliver will have delivered or caused to Seller Representative (or such other Person as may be specified herein) delivered to MAII of the followingfollowing in form and substance satisfactory to MAII:
(i) each a certificate of the Promissory Notes made payable secretary or assistant secretary of Holdings, certifying (A) as to each Seller the names and in true signatures of the principal amounts set forth in officers of Holdings authorized to sign this Agreement and the Consideration Spreadsheetother documents to be delivered by Holdings hereunder, duly executed by Holdings(B) that a true, correct and complete copy of the articles of incorporation of Holdings is attached, and (C) that a true, correct and complete copy of the bylaws of Holdings is attached;
(ii) stock certificates copies of the resolutions unanimously and duly adopted by Holdings' and CAI's boards of directors authorizing the execution, delivery and performance by Holdings of this Agreement, and the consummation of all of the other transactions hereunder and thereunder, certified as of the Closing Date by the secretary or assistant secretary of Holdings;
(iii) a certificate dated as of the Closing Date from an officer of each of CAI and Holdings stating that the conditions specified in section 5.2 have been fully satisfied or waived by MAII and the Company;
(iv) a certificate representing the portion 8,250,000 shares of Holdings Equity allocated Common Stock; and
(v) a certificate of existence and good standing from the Secretaries of State of the States of Delaware and Nevada, each of a recent date, with respect to each Seller in accordance with such Seller’s Pro Rata ShareHoldings and CAI, as shown in the Consideration Spreadsheet;applicable.
Appears in 2 contracts
Sources: Merger Agreement (Maii Holdings Inc), Merger Agreement (CRD Holdings Inc)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver or cause to Holdings be delivered to Purchaser (unless delivered previously) the following:
(i) all stock certificates held by its and the Sellers representing the Shares, Lenders’ executed signature page(s) to the extent such Shares are certificated at the time of ClosingPayoff and Release Agreement;
(ii) a certificate, dated PEG LP’s and PEGI’s executed signature page to the Closing Date Assignment and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedAcknowledgement Agreement;
(iii) a certificate of an authorized officer of Seller, certifying as to the Secretary (or equivalent officer) good standing of Seller, resolutions of Seller authorizing Seller to enter into this Agreement, incumbency of the Target Company certifying that (a) attached thereto are true and complete copies officers of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of Seller executing this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebyAgreement, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyother matters as shall be reasonably requested by Purchaser;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the all other documents and instruments reasonably requested by Purchaser that are necessary to be delivered hereunder and thereunder;transfer the Shares to Purchaser; and
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws Shares in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in book entry form pursuant to Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests 2.1 and are reasonably necessary to consummate the transactions contemplated by this AgreementSection 2.2 herein.
(b) At the Closing, Holdings Purchaser shall deliver or cause to be delivered to Seller Representative (or such other Person as may be specified hereinunless delivered previously) the following:
(i) each of its executed signature page(s) to the Promissory Notes made payable to each Seller Payoff and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsRelease Agreement;
(ii) stock certificates representing its executed signature page to the portion Assignment and Acknowledgement Agreement;
(iii) the Closing Purchase Price, by wire transfer of Holdings Equity allocated immediately available funds into the account designated by Seller pursuant to each Section 2.3;
(iv) a certificate of an authorized officer of Purchaser, certifying as to the resolutions of Purchaser authorizing Purchaser to enter into this Agreement, incumbency of the officers of Purchaser executing this Agreement, and such other matters as shall be reasonably requested by Seller; and
(v) all other documents and instruments reasonably requested by Seller in accordance with such Seller’s Pro Rata Share, as shown in that are necessary to transfer the Consideration Spreadsheet;Shares to Purchaser.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Public Sector Pension Investment Board), Securities Purchase Agreement (Pattern Renewables LP)
Closing Deliverables. (a) At On or prior to the Closing, the Seller Representative Company shall issue, deliver or cause to Holdings be delivered to each Purchaser the following:following (the “Company Deliverables”):
(i) all stock certificates held evidence of the issuance of the Shares in the names of the Purchasers by book-entry statement from the Sellers representing Transfer Agent (in the Shares, to name of such Purchaser as set forth on the extent such Shares are certificated at the time of ClosingStock Issuance Questionnaire included as Exhibit E hereto);
(ii) a certificateif applicable, dated for each Purchaser of Pre-Funded Warrants pursuant to Section 2.1, electronic copies of the Pre-Funded Warrants, if applicable, executed by the Company and registered in the name of such Purchaser, pursuant to which such Purchaser shall have the right to acquire such number of Warrant Shares calculated in accordance with Section 2.1, on the terms set forth therein, with the original Pre-Funded Warrants, delivered within five (5) Business Days after the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedDate;
(iii) a certificate legal opinion of Company Counsel and/or Nevada Counsel, dated as of the Secretary (or equivalent officer) of Closing Date and in form and substance reasonably satisfactory to the Target Company certifying that (a) attached thereto are true Placement Agents, executed by such counsel and complete copies of all resolutions adopted by addressed to the Target Company Board authorizing the execution, delivery and performance of this Agreement Purchasers and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyPlacement Agents;
(iv) the Registration Rights Agreement, duly executed by the Company;
(v) duly executed Irrevocable Transfer Agent Instructions instructing the Transfer Agent to deliver, on an expedited basis, of the issuance of the Shares to be issued to each Purchaser, registered in the name of such Purchaser (or its nominee, as directed by the Purchaser);
(vi) a copy of the Notification Form: Listing of Additional Shares for the listing of the Shares and Warrant Shares filed by the Company with Nasdaq;
(vii) a certificate of the Secretary (or equivalent officer) of the Target Company (the “Secretary’s Certificate”), dated as of the Closing Date, (A) certifying the names and signatures resolutions adopted by the Board of the officers of the Target Company Directors or a duly authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate committee thereof approving the transactions contemplated by this Agreement, the other Transaction Documents and the issuance of the Securities, (B) certifying the current versions of the Articles of Incorporation and Bylaws (as each term is defined below) and (C) certifying as to the signatures and authority of persons signing the Transaction Documents and related documents on behalf of the Company, in substantially the form attached hereto as Exhibit F;
(viii) the Compliance Certificate referred to in Section 5.1(i).
(ix) a certificate evidencing the good standing of the Company issued by the Secretary of State of the State of Nevada, as of a date within three (3) Business Days of the Closing Date; and
(x) a certificate evidencing the Company’s qualification as a foreign corporation and good standing issued by the Secretary of State (or comparable office) of each jurisdiction in which the Company is qualified to do business as a foreign corporation, as of a date within three (3) Business Days of the Closing Date.
(b) At On or prior to the Closing, Holdings each Purchaser shall deliver or cause to Seller Representative be delivered to the Company the following (or such other Person as may be specified herein) the following:“Purchaser Deliverables”):
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheetthis Agreement, duly executed by Holdingssuch Purchaser;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller its Subscription Amount in accordance with Section 2.2(b), if applicable;
(iii) its Convertible Note(s) in accordance with Section 2.2(c), if applicable;
(iv) the Registration Rights Agreement, duly executed by such Seller’s Pro Rata Share, as shown P▇▇▇▇▇▇▇▇; and
(v) a fully completed Stock Issuance Questionnaire in the Consideration Spreadsheet;form attached hereto as Exhibit D.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Pieris Pharmaceuticals, Inc.), Securities Purchase Agreement (Pieris Pharmaceuticals, Inc.)
Closing Deliverables. (a) At Buyer shall have furnished to Seller or prior to the ClosingABN AMRO, the Seller Representative shall deliver to Holdings as applicable, the following:
(ia) all stock certificates held the Base Purchase Price by wire transfer of immediately available funds from the Sellers representing the Shares, PC Escrow Account to the extent such Shares are certificated at the time of ClosingABN AMRO Escrow Account;
(iib) the Transitional Services Agreement, dated as of the Closing Date, duly executed by an authorized representative of Buyer;
(c) the License Agreement, dated as of the Closing Date, duly executed by an authorized representative of Buyer;
(d) the Assignment and Assumption Agreement, dated as of the Closing Date, duly executed by an authorized representative of Buyer;
(e) the ABN AMRO Escrow Agreement, dated as of the Closing Date, duly executed by an authorized representative of Buyer;
(f) a certificate, dated the Closing Date and signed duly executed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate of the Secretary (or equivalent officer) of the Target Company Buyer, certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board members and the co-managing members of Buyer authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents Related Agreements and the consummation of the transactions contemplated hereby and thereby, and (b) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(ivg) a certificate certificate, dated the Closing Date and executed by a duly authorized officer of Buyer, certifying that each of the Secretary (or equivalent officer) of the Target Company certifying the names conditions set forth in Sections 9.1, 9.2 and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement9.3 have been satisfied; and
(viiih) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreementa Resale Certificate.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 2 contracts
Sources: Asset Purchase Agreement, Asset Purchase Agreement (Cherokee Inc)
Closing Deliverables. (a) At or prior to the Closing, each Contributor shall deliver, or cause to be delivered, to the Seller Representative shall deliver Operating Partnership all documents necessary or appropriate to Holdings consummate the Closing, including the following, all in form and substance reasonably acceptable to the Operating Partnership:
(i) an Assignment and Assumption Agreement in substantially the form set forth in Exhibit E attached hereto transferring all stock certificates held by the Sellers representing the Sharesof such Contributor’s right, title and interest in and to the extent such Shares are certificated at Initial Property Owner to the time of ClosingOperating Partnership (“Assignment and Assumption Agreement”);
(ii) a certificateA certificate from such Contributor certifying to the Operating Partnership (i) the accuracy of such Contributor’s representations and warranties made by Contributor hereunder, dated and (ii) the Closing Date accuracy and signed by a duly authorized officer current enforceability of the Target Company, that each organizational documents for the Initial Property Owner and (iii) the absence of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedany Fund Material Adverse Effect;
(iii) a certificate all documents and instruments, if any, necessary to reflect the change in the general partner and limited partners of the Secretary (or equivalent officer) Initial Property Owner in its state of formation and each state in which the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyInitial Property Owner is qualified;
(iv) an affidavit certifying that such Contributor is not a certificate “foreign person,” as that term is defined by Section 1445 of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderCode;
(v) all documents required by a good standing certificate (lender in connection with the assumption or its equivalent) from the secretary prepayment of state any existing loan at or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organizedprior to Closing, duly executed by each applicable party;
(vi) a duly executed copy of the Consideration Spreadsheet contemplated in Section 2.6;A&R OP Agreement; and
(vii) the FIRPTA Statement; and
(viii) such any other documents reasonably requested by the Operating Partnership or instruments as Holdings reasonably requests and are reasonably necessary or desirable to consummate assign, transfer, convey, contribute and deliver the Ownership Interests, free and clear of all Liens (other than Permitted Liens) and to effectuate the transactions contemplated by this Agreementhereby.
(b) At or prior to the Closing, Holdings the Operating Partnership shall deliver deliver, or cause to Seller Representative (be delivered, to each Contributor all documents necessary or such other Person as may be specified herein) appropriate to consummate the Closing, including the following, all in form and substance reasonably acceptable to each Contributor:
(i) each of the Promissory Notes made payable to each Seller an Assignment and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsAssumption Agreement;
(ii) stock certificates representing the portion Gibralt Consideration due to Gibralt pursuant to Section 1.02 hereof;
(iii) the Amberglen Consideration due to Amberglen pursuant to Section 1.02 hereof;
(iv) the Minority Partner Consideration due to Amberglen pursuant to Section 1.02 hereof;
(v) The Rapaport Consideration due to Rapaport pursuant to Section 1.02 hereof;
(vi) a duly executed copy of Holdings Equity allocated the A&R OP Agreement; and
(vii) any other documents reasonably requested by any Contributor as may be reasonably necessary or proper to each Seller in accordance with such Seller’s Pro Rata Share, as shown in effectuate the Consideration Spreadsheet;transactions contemplated hereby.
Appears in 2 contracts
Sources: Contribution Agreement (City Office REIT, Inc.), Contribution Agreement (City Office REIT, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver to Holdings Buyer the following:
(i) all stock certificates held a ▇▇▇▇ of sale in form and substance satisfactory to Buyer (the “▇▇▇▇ of Sale”) and duly executed by Seller, transferring the Sellers representing Tangible Personal Property included in the Shares, Purchased Assets to the extent such Shares are certificated at the time of ClosingBuyer;
(ii) a certificatean assignment and assumption agreement in form and substance satisfactory to Buyer (the “Assignment and Assumption Agreement”) and duly executed by Seller, dated effecting the Closing Date assignment to and signed assumption by a duly authorized officer Buyer of the Target Company, that each of Purchased Assets and the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedAssumed Liabilities;
(iii) a certificate of the Secretary (or equivalent officer) of Seller certifying as to (A) the Target Company certifying that (a) attached thereto are true resolutions of the board of directors and complete copies the shareholders of all resolutions adopted by the Target Company Board authorizing Seller, which authorize the execution, delivery delivery, and performance of this Agreement, the ▇▇▇▇ of Sale, the Assignment and Assumption Agreement, and the other agreements, instruments, and documents required to be delivered in connection with this Agreement or at the Closing (collectively, the “Transaction Documents”) and the consummation of the transactions contemplated hereby and thereby, and (B) the names and signatures of the officers of Seller authorized to sign this Agreement and the other Transaction Documents;
(iv) such other customary instruments of transfer or assumption, filings, or documents, in form and substance reasonably satisfactory to Buyer, as may be required to give effect to the transactions contemplated by this Agreement; and
(b) At the Closing, Buyer shall deliver to Seller the following:
(i) the Purchase Price (less any amounts which may be withheld for outstanding Tax Liabilities);
(ii) the Assignment and Assumption Agreement duly executed by Buyer; and
(iii) a certificate of the Secretary (or equivalent officer) of Buyer certifying as to (A) the resolutions of the board of directors of Buyer, which authorize the execution, delivery, and performance of this Agreement and the Ancillary Transaction Documents and the consummation of the transactions contemplated hereby and thereby, and (bB) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company Buyer authorized to sign this Agreement, the Ancillary Documents Agreement and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA StatementTransaction Documents; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 2 contracts
Sources: Asset Purchase Agreement (Allarity Therapeutics, Inc.), Plan of Reorganization and Asset Purchase Agreement (Allarity Therapeutics, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall Company will deliver or cause to Holdings the followingbe delivered:
(i) all stock certificates held to Acquiror, a certificate signed by an officer of the Sellers representing Company, dated as of the SharesClosing Date, certifying that, to the extent knowledge and belief of such Shares are certificated at officer, the time of Closingconditions specified in Section 9.2(a), Section 9.2(b) and Section 9.2(c) have been fulfilled;
(ii) a certificateto Acquiror, dated the Closing Date and signed by a duly authorized officer written resignations of all of the Target Company, that each directors of the conditions set forth Company (other than those Persons identified as the initial directors of the Initial Surviving Corporation, in accordance with the provisions of Section 8.2(a) 2.6 and Section 8.2(b) have been satisfied7.6), effective as of the First Effective Time;
(iii) a certificate of to Acquiror, the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted Registration Rights Agreement, duly executed by the Target Company Board authorizing the execution, delivery and performance each of this Agreement Company’s stockholders (and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (btheir Affiliates) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyparty thereto;
(iv) a certificate to Acquiror, the Lock-Up Agreement, duly executed by each of the Secretary Key Holders listed in clause (or equivalent officera) of the Target Company certifying the names and signatures definition of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;Key Holders; and
(v) to Acquiror, a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority on behalf of the jurisdiction under Company, prepared in a manner consistent and in accordance with the Laws requirements of Treasury Regulations Sections 1.897-2(g), (h) and 1.1445-2(c)(3), certifying that no interest in which the Target Company is organized;
(vi) is, or has been during the Consideration Spreadsheet contemplated relevant period specified in Section 2.6;
(vii897(c)(1)(A)(ii) of the FIRPTA Statement; and
(viiiCode, a “United States real property interest” within the meaning of Section 897(c) such other documents or instruments as Holdings reasonably requests of the Code, and are reasonably necessary a form of notice to consummate the transactions contemplated by this AgreementIRS prepared in accordance with the provisions of Treasury Regulations Section 1.897-2(h)(2).
(b) At the Closing, Holdings shall Acquiror will deliver or cause to Seller Representative (or such other Person as may be specified herein) the followingdelivered:
(i) each of to the Promissory Notes made payable Exchange Agent, the Aggregate Merger Consideration for further distribution to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsCompany’s stockholders pursuant to Section 3.2;
(ii) stock certificates representing to the portion Company, a certificate signed by an officer of Holdings Equity allocated Acquiror, dated as of the Closing Date, certifying that, to the knowledge and belief of such officer, the conditions specified in Section 9.3(a) and Section 9.3(b) have been fulfilled;
(iii) to the Company, the Registration Rights Agreement, duly executed by ▇▇▇▇▇▇▇▇, the Sponsor and its Affiliates party thereto;
(iv) to the Company, the Lock-Up Agreement, duly executed by each Seller of the Key Holders listed in clause (b) of the definition of Key Holders; and
(v) to the Company, the written resignations of all of the directors and officers of ▇▇▇▇▇▇▇▇ and First Merger Sub (other than those Persons identified as the initial directors and officers, respectively, of the Initial Surviving Corporation, in accordance with the provisions of Section 2.6 and Section 7.6), effective as of the First Effective Time.
(c) On the Closing Date, concurrently with the First Effective Time, Acquiror shall pay or cause to be paid by wire transfer of immediately available funds, (i) all accrued and unpaid Acquiror Transaction Expenses as set forth on the written statement to be delivered to the Company not less than three (3) Business Days prior to the Closing Date and (ii) all accrued and unpaid Company Transaction Expenses as set forth on a written statement to be delivered to Acquiror by or on behalf of the Company not less than three (3) Business Days prior to the Closing Date, which shall include the respective amounts and wire transfer instructions for the payment thereof, together with corresponding invoices for the foregoing and, if reasonably required by Continental, the certified Taxpayer Identification Numbers of each payee; provided, that any accrued and unpaid Company Transaction Expenses due to current or former employees, independent contractors, officers, or directors of the Company or any of its Subsidiaries shall be paid to the Company for further payment to such Selleremployee, independent contractor, officer or director through the Company’s Pro Rata Share, as shown in the Consideration Spreadsheet;payroll.
Appears in 2 contracts
Sources: Business Combination Agreement (Freedom Acquisition I Corp.), Business Combination Agreement (Freedom Acquisition I Corp.)
Closing Deliverables. (a) At or prior Subject to the terms and conditions of this Agreement, at the Closing, the Seller Representative shall deliver to Holdings Buyer the following:
(i) appropriate instruments of transfer, conveyance, sale and assignment in respect of the Purchased Assets, consisting of bills of sale, assignments, confirmation of notices sent to third parties holding any Purchased Assets, and such other good and sufficient instruments of conveyance and transfer (including, without limitation, any consents thereto by third parties necessary to make the same valid and effective, whether under any Assigned Contract or otherwise), in such form and containing such terms and provisions as Buyer may reasonably request, as shall be necessary to vest in Buyer all stock certificates held by the Sellers representing the Sharesright, title and interest in and to the extent such Shares are certificated at the time Purchased Assets free and clear of Closingany and all Encumbrances whatsoever;
(ii) a certificate pursuant to Treasury Regulations Section 1.1445-2(b) that Seller is not a foreign person within the meaning of Section 1445 of the Code duly executed by Seller and any certificate required by Section 1446 of the Code;
(iii) the Tax Clearance Certificates and evidence, satisfactory to Buyer, of any required notifications described in Section 5.05(f);
(iv) a certificate, dated as of the Closing Date and signed executed on behalf of each Seller Party by a duly authorized officer of its respective Chief Executive Officer, to the Target Company, effect that each of the conditions set forth in Section 8.2(aSections 6.01(a), 6.01(b) and Section 8.2(b6.01(c) have has been satisfied;
(iiiv) a certificate of an officer of each Seller Party certifying as to (A) the Secretary (or equivalent officer) resolutions of the Target Company certifying that (a) attached thereto are true board of directors or managers of such Seller Party, as applicable, duly adopted and complete copies of all resolutions adopted by the Target Company Board authorizing in effect, which authorize the execution, delivery and performance of this Agreement and the Ancillary Documents transactions contemplated hereby, (B) the resolutions of the holders of the requisite voting power of the owners of such Seller Party, duly adopted and the consummation of in effect, which authorize the transactions contemplated hereby and therebyhereby, and (bC) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company such Seller Party authorized to sign this Agreement, the Ancillary Documents Agreement and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organizedhereunder;
(vi) the Consideration Spreadsheet License and evidence of approval from the CCC with respect to the Change of Ownership and Control Request (“COCR”) in relation to the License that will result from the consummation of the transactions contemplated in Section 2.6hereby (the “CCC Approval”);
(vii) a Notice to Commence Operations at the FIRPTA StatementPremises from the CCC;
(viii) the HCA, and the written consent from the City of Worcester to the assignment of the HCA or other evidence showing an HCA between the City of Worcester and Buyer and all other approvals, consents or waivers from the CCC or any other governmental authority necessary in order to permit the consummation of the Closing and the transactions contemplated hereunder or required for Buyer to operate the License, in each case in form and substance acceptable to Buyer;
(ix) the Lease, written consent from the Landlord to the assignment of the Lease, and assignment of said Lease from Tenant to Buyer, in each case in form and substance acceptable to Buyer;
(x) an accredited investor questionnaire substantially in the form attached hereto as Exhibit A (the “Accredited Investor Questionnaire”); and
(viiixi) such other documents customary instruments of transfer, assumption, filings or instruments documents, in form and substance reasonably satisfactory to Buyer, as Holdings reasonably requests and are reasonably necessary may be required to consummate the transactions contemplated by give effect to this Agreement.
(b) At the Closing, Holdings Buyer shall deliver deliver, or cause to Seller Representative (or such other Person as may be specified herein) delivered, the following:
(i) each of the Promissory Notes made payable to each Seller Share Consideration (less the Share Consideration Holdback) and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdingscertificates representing such Buyer Shares;
(ii) stock certificates representing the portion Closing Payment by wire transfer of Holdings Equity allocated to each Seller immediately available funds in accordance with such wire transfer instructions provided by Seller’s Pro Rata Share, as shown ; and
(iii) the instruments described in the Consideration Spreadsheet;Section 2.02(a)(i) duly executed by Buyer.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Trulieve Cannabis Corp.), Asset Purchase Agreement (Trulieve Cannabis Corp.)
Closing Deliverables. (a) At the Closing, Sellers shall deliver to Buyer the following items to be executed and delivered by the Sellers, and Sellers shall exercise commercially reasonable efforts to cause third parties to provide the following items to be provided and/or signed by third parties:
(i) an employment agreement, in a form acceptable to the Buyer (collectively, the “Key Employee Agreement”), executed by the Key Employee and the Company;
(ii) duly executed share transfers or similar instruments of assignment and conveyance, transferring the Company Shares from the Sellers to the Buyer, in form and substance reasonably satisfactory to the Buyer;
(iii) a certificate dated as of the Closing Date and duly executed by the Sellers and an authorized officer of the Company certifying and attaching thereto (1) true and complete copies of the Company’s Organizational Documents; (2) resolutions of the Company’s management body authorizing the execution, delivery and performance by the Company of this Agreement and the other Transaction Documents; and (3) certificates issued by the applicable Governmental Authority for the State of Florida evidencing the existence and good standing of the Company, dated not earlier than 10 Business Days prior to the Closing Date; and (4) the names and signatures of the member or individuals of the Company authorized to sign Transaction Documents;
(iv) a non-foreign affidavit dated as of the Closing Date, sworn under penalty of perjury and in form and substance required under the Treasury Regulations issued pursuant to Code §1445, stating that no Seller is a “foreign person” as defined in Code §1445;
(v) payoff letters and lien releases from each holder of the Company’s Indebtedness (excluding the holder of the Line of Credit, which is not being paid off at Closing), specifying the amount owed to such Person and, upon such Person’s receipt of the applicable payoff amount, providing for the release of any Encumbrances;
(vi) all of the minute books, stock transfer ledgers, and similar corporate records of the Company; and
(vii) such other customary instruments of transfer, assumption, filings or documents, in form and substance reasonably satisfactory to and as may be reasonably requested by ▇▇▇▇▇.
(b) At the Closing, the Seller Representative Buyer shall deliver to Holdings Sellers the following:
(i) all stock certificates held an amount in cash equal to the Cash Consideration Amount, by wire transfer of immediately available funds to the account or accounts designated by the Sellers representing the Shares, Seller Representative at least two (2) Business Days prior to the extent such Shares are certificated at the time of ClosingClosing Date;
(ii) a certificate, dated certificates representing the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedParent Rollover Shares issuable at Closing;
(iii) the Notes 1 executed by the Buyer and ▇▇▇▇▇▇;
(iv) the Notes 2 executed by the Buyer and ▇▇▇▇▇▇;
(v) the Notes 3 executed by the Buyer and ▇▇▇▇▇▇; and
(vi) a certificate dated as of the Secretary (or equivalent officer) Closing Date and duly executed by an authorized officer of the Target Company Buyer certifying that and attaching thereto (a1) attached thereto are true and complete copies of all Buyer’s Organizational Documents; (2) resolutions adopted by the Target Company Board of Buyer’s management body authorizing the execution, delivery and performance by Buyer of this Agreement and the Ancillary Documents other Transaction Documents; and (3) certificates issued by the consummation applicable Governmental Authority for the State of Delaware evidencing the existence and good standing of the transactions contemplated hereby and therebyBuyer, dated not earlier than 10 Business Days prior to Closing; and (b4) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company Buyer authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this AgreementTransaction Documents.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 1 contract
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver or cause to Holdings the followingbe delivered to Buyers:
(i) all stock certificates held by and share certificates evidencing the Sellers representing the Purchased Shares, duly endorsed in blank or accompanied by stock powers, share transfers or other instruments of transfer duly executed in blank, sufficient to transfer ownership of the Purchased Shares to the extent such Shares are certificated at the time of Closingapplicable Buyer;
(ii) a certificate, dated non-foreign person affidavit that complies with the Closing Date and signed by a duly authorized officer requirements of Section 1445 of the Target CompanyCode and a Form W-9, that each of the conditions set forth duly executed by Seller and in Section 8.2(a) form and Section 8.2(b) have been satisfiedsubstance reasonably satisfactory to Buyers;
(iii) a certificate the Closing Certificate, duly executed by Seller;
(iv) an escrow agreement, in the form satisfactory to Seller and Buyers (the “Escrow Agreement”), dated as of the Closing Date and duly executed by Seller;
(v) certificates of the Secretary or an Assistant Secretary (or equivalent officer) of the Target each Company Entity certifying (A) that (a) attached thereto are true correct and complete copies of all the resolutions adopted by the Target board of directors and shareholders or stockholders of such Company Board Entity, consenting to the transfer of the Purchased Shares of such Company Entity and authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents Transaction Agreements to which such Company Entity is a party and the consummation of the transactions contemplated hereby and therebyTransaction, and (b) that all such resolutions are in full force and effect effect, (B) that attached thereto are correct and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate complete copies of the Secretary Organizational Documents of such Company Entity and that such Organizational Documents are in full force and effect, and (or equivalent officerC) of the Target Company certifying the names and signatures of the officers of the Target such Company Entity, as applicable, authorized to sign this Agreement, the Ancillary Documents Agreement and the other documents Transaction Agreements to be delivered hereunder and thereunderwhich such Company Entity is a party;
(vvi) a good standing certificate (or its equivalent) certificates with respect to each Company Entity from the secretary each such Company Entity’s jurisdiction of state or similar Governmental Authority of the formation and each other jurisdiction under the Laws in which such Company Entity is qualified to do business as a foreign business entity, in each case dated not more than 15 days prior to the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6Closing Date;
(vii) the FIRPTA Statementbooks and records of each Company Entity, provided, that the obligation to deliver such books and records shall be deemed satisfied to the extent such books and records are located at any Leased Real Property of such Company Entity at Closing;
(viii) duly executed resignations of each director and officer of each Company Entity effective as of the Closing and, if Seller is also an employee of any Company Entity, resignations of Seller as an employee of each such Company Entity effective as of the Closing;
(ix) executed payoff letters for outstanding Indebtedness of each Company Entity (each, a “Payoff Letter” and collectively, the “Payoff Letters”) as of the Closing Date, with each Payoff Letter indicating that upon payment of the specified amount, (A) such Indebtedness shall be paid in full and, if applicable, any Liens associated therewith shall terminate automatically, subject only to the receipt of such payment amount, and (B) the applicable lender will, or such Company Entity shall have all authorizations and power to, file any necessary Uniform Commercial Code or Personal Property Security Act (Ontario) termination statements and the applicable lender will execute all such documents or endorsements necessary to release of record any such Liens, including those filed with the Patent and Trademark Office;
(x) new lease agreements for (A) the property, building and leasehold improvements located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇, and (B) the property, building and leasehold improvements located at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ (the “New Leases”), in each case duly executed by the landlord under such New Lease;
(xi) the Consulting Agreement, duly executed by Seller;
(xii) estoppel certificates, duly executed by the landlords set forth on Section 2.05(a)(xii) of the Disclosure Letter;
(xiii) the third-party consents, waivers and approvals set forth on Section 2.05(a)(xiii) of the Disclosure Letter;
(xiv) evidence reasonably satisfactory to Buyers of completion of the Reorganization to the extent any transactions contemplated thereunder can only be implemented prior to the Closing Date and copies of all documents relating thereto; and
(viiixv) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate a statutory declaration providing that Seller is not a non-resident of Canada within the transactions contemplated by this Agreementmeaning of the Tax Act.
(b) At the Closing, Holdings Buyers shall deliver or cause to Seller Representative (or such other Person as may be specified herein) the followingdelivered:
(i) to Seller, a Buyer Closing Certificate for each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration SpreadsheetBuyer, duly executed by Holdingsan executive officer or director of such Buyer;
(ii) stock certificates representing to Seller, by wire transfer of immediately available funds to the portion Seller’s Bank Account, an amount equal to: (A) the Estimated Closing Purchase Price less the principal amount of Holdings Equity allocated the Promissory Notes, minus (B) the Escrow Amount;
(iii) to Seller, promissory notes in the principal amount equal to (A) the Estimated Closing Cash and (B) the Estimated Affiliate Receivables, respectively, in the form satisfactory to Seller and Buyers (the “Promissory Notes”), duly executed by Buyers;
(iv) to the intended beneficiaries thereof: (A) the Estimated Closing Indebtedness (as identified in the applicable Payoff Letter for which Payoff Letters have been delivered pursuant to Section 2.05(a)(ix)); and (B) the Estimated Transaction Expenses (as identified by invoices in respect thereof); in each case of clauses (A) and (B) in immediately available funds by wire transfer to the account designated in such Payoff Letters and invoices;
(v) to the Escrow Agent, the Escrow Amount, in immediately available funds by wire transfer to the account designated by the Escrow Agent (the “Escrow Account”), to be held (A) to secure any payment owed by Seller pursuant to Section 2.06(d), and (B) as a nonexclusive means to fulfill the obligations of Seller pursuant to Article 9;
(vi) a certificate of the Secretary, an Assistant Secretary (or equivalent officer) or a director, of each Buyer certifying (A) that attached thereto are correct and complete copies of the resolutions adopted by the board of directors of such Buyer consenting to the acquisition of the Purchased Shares and authorizing the execution, delivery and performance of the Transaction Agreements to which such Buyer is a party and the consummation of the Transaction, and that all such resolutions are in full force and effect, and (B) the names and signatures of the officers of such Buyer authorized to sign the Transaction Agreements to which such Buyer is a party;
(vii) a good standing (or its equivalent) certificate with respect to each Buyer from such Buyer’s jurisdiction of formation dated not more than 15 days prior to the Closing Date;
(viii) the New Leases, duly executed by the applicable Company Entity;
(ix) to Seller, the Escrow Agreement, duly executed by Buyers and the Escrow Agent;
(x) the Consulting Agreement, duly executed by inTEST and Acculogic Inc.;
(xi) a release from the Company Entities in favor of Seller in accordance with substantially the same form as the release set out in Section 9.08 of this Agreement; and
(xii) evidence reasonably satisfactory to Seller of completion of the Reorganization to the extent any transactions contemplated thereunder can only be implemented prior to the Closing Date and copies of all documents relating thereto.
(c) In the event that the Transaction Expenses and Indebtedness are Transaction Expenses or Indebtedness of a Company Entity, Buyers shall contribute to such Seller’s Pro Rata ShareCompany Entity sufficient funds as a loan to such Company Entity all as directed by Buyers.
(d) Notwithstanding the foregoing, as shown in the Consideration Spreadsheet;event that Seller, after exercising Reasonably Commercial Efforts, is unable to obtain and deliver to Buyers the items set forth in Section 2.05(a)(xii) or 2.05(a)(xiii) of this Agreement, Buyers, in their sole discretion, may either elect to exercise their rights under Article 10 hereof or may waive the delivery of such items and proceed to Closing; provided, however, that if Buyers elect to waive the delivery of such items, (i) Buyers agree that Seller shall have no Liability for any Damages resulting from the failure to fulfill such condition, and (ii) Seller shall, after the Closing, cooperate with Buyers and the Company Entities in attempting to obtain items as promptly thereafter as practicable.
Appears in 1 contract
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Target shall deliver to Holdings Parent the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target CompanyTarget, that each of the conditions set forth in Section 8.2(a7.02(a) and Section 8.2(b7.02(b) have been satisfied;
(iiiii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company certifying that (aA) attached thereto are true and complete copies of (1) all resolutions adopted by the Target’s Board of Directors (“Target Company Board Board”) authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebythereby and (2) resolutions of the Target Shareholders approving the Merger and adopting this Agreement, and (bB) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(viii) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viiiiv) such other documents or instruments as Holdings Parent reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings Parent shall deliver to Seller Representative the Target (or such other Person as may be specified herein) the following:
(i) each unanimous Written Consent of Parent’s Board of Directors authorizing and executing the issuance of the Promissory Notes made payable Closing Merger Consideration to each Seller and in Target Shareholders, as the principal amounts set forth in same will be recorded on the Consideration Spreadsheet, duly executed by Holdings;records of the Parent; and
(ii) stock certificates representing a certificate of the portion Secretary or an Assistant Secretary (or equivalent officer) of Holdings Equity allocated Parent and Merger Sub certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of Parent and Merger Sub authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of Parent and Merger Sub certifying the names and signatures of the officers of Parent and Merger Sub authorized to each Seller in accordance with sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder; and
(iv) such Seller’s Pro Rata Share, other documents or instruments as shown in the Consideration Spreadsheet;Target reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
Appears in 1 contract
Sources: Merger Agreement (Ficaar, Inc)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative The Administrative Agent shall deliver to Holdings have received of the following:
(i) (A) a copy of the certificate or articles of incorporation or organization, including all stock certificates held amendments thereto, of each Loan Party, certified, if applicable, as of a recent date by the Sellers representing Secretary of State of the Shares, state of its organization and a certificate from the appropriate Governmental Authority of such State dated as of a recent date certifying as to the extent good standing of such Shares are certificated at the time of Closing;
Loan Party and (ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iiiB) a certificate of a Responsible Officer of each Loan Party dated the Secretary Amendment Effective Date and certifying (1) to the effect that (x) attached thereto is a true and complete copy of the by-laws or operating (or limited liability company) agreement of such Loan Party as in effect on the Amendment Effective Date, (y) attached thereto is a true and complete copy of resolutions duly adopted by the board of directors (or equivalent officergoverning body) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board such Loan Party authorizing the execution, delivery and performance of this Agreement and the Ancillary Loan Documents and executed on the consummation of the transactions contemplated hereby and therebyAmendment Effective Date to which such Person is a party, and (b) that such resolutions have not been modified, rescinded or amended and are in full force and effect and (z) the certificate or articles of incorporation or organization of such Loan Party have not been amended since the date of the last amendment thereto furnished pursuant to clause (A) above, and that such certificate or articles are all in full force and effect and (2) as to the resolutions adopted incumbency and specimen signature of each officer executing any Loan Document on the Amendment Effective Date on behalf of such Loan Party and signed by another officer as to the incumbency and specimen signature of the Responsible Officer executing the certificate pursuant to this clause (B);
(ii) a certificate from the chief financial officer or the treasurer of the Borrower, substantially in connection with the form provided on the Closing Date, certifying that the Borrower and its Subsidiaries, taken as a whole, after giving effect to the transactions contemplated hereby to occur on the Amendment Effective Date, are Solvent;
(iii) a certificate signed by a Responsible Officer of the Borrower certifying as to the accuracy and therebycorrectness in all material respects of the representations and warranties set forth in Section 7 of this Amendment;
(iv) a certificate customary opinion of Weil, Gotshal & ▇▇▇▇▇▇ LLP, special counsel for the Secretary (or equivalent officer) of Loan Parties, dated the Target Company certifying the names Amendment Effective Date and signatures of the officers of the Target Company authorized addressed to sign this Agreementeach L/C Issuer, the Ancillary Documents Administrative Agent and the other documents to be delivered hereunder and thereunder;Lenders; and
(v) a good standing certificate (or its equivalent) from Request for Credit Extension relating to the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this AgreementNew Term B Loans.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 1 contract
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver or cause to Holdings be delivered the followingfollowing items to the Series E Investors, against payment by the Series E Investors of the aggregate Purchase Price:
(i) all stock certificates held a copy of the Company’s register of members, certified by the Sellers representing Company’s registered agent as true and complete as of the SharesClosing Date, updated to show the extent such Series E Investors as the holders of the number of the Purchased Shares are certificated to be purchased at the time of Closing;
(ii) a certificatecopy of the Company’s register of directors, dated certified by the Company’s registered agent as true and complete as of the Closing Date Date, updated to show the directors appointed by the Series E Investors in accordance with the Voting Agreement and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedAmended M&AA;
(iii) a duly issued share certificate representing the Purchased Shares purchased by each Series E Investor pursuant to Section 2.2;
(iv) a compliance certificate dated as of the Secretary (or equivalent officer) Closing Date signed by the Chief Executive Officer of the Target Company and each Founder certifying that all the conditions specified in Section 6 have been fulfilled;
(av) attached thereto are true and complete executed counterparts of each Transaction Agreement to which any of the Group Company or any Key Holder is a party;
(vi) certified copies of all the directors’ resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation and/or shareholders’ resolutions of the transactions contemplated hereby Company and therebyother Group Companies, where appropriate, approving, among other things, (A) the issuance and sale of the Purchased Shares to the Series E Investors, (B) the issue of new share certificates in respect of the Purchased Shares to the Series E Investors, (C) the execution of the Transaction Agreements to which such Group Company is a party, (D) the issue of the Series E Warrant to S▇▇▇▇▇▇ Investments, and (bE) such the re-composition of the Board;
(vii) the Amended M&AA shall have been adopted and filed by the Company with, and registered by, the British Virgin Islands Registry of Corporate Affairs;
(viii) a certificate signed by the Chief Executive Officer of the Company and each Founder attaching (A) the certified Amended M&AA, (B) copies of resolutions are in full force approved by the shareholders and effect and are all the resolutions adopted Board of the Company in connection with the transactions contemplated hereby hereby, and thereby;
(ivC) a certificate of the Secretary (or equivalent officer) incumbency of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderCompany;
(vix) a certificate of good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under Company issued by the Laws Registry of Corporate Affairs of the British Virgin Islands dated no earlier than ten (10) Business Days prior to the Closing Date.
(x) the BVI Legal Opinion dated as of the Closing Date, in which substantially the Target Company is organizedform attached hereto as Exhibit E;
(vixi) the Consideration Spreadsheet contemplated PRC Legal Opinion dated as of the Closing Date, in Section 2.6substantially the form attached hereto as Exhibit F;
(viixii) a director indemnification agreement executed by the FIRPTA StatementCompany and the director appointed by the Series E Investors to the Board, in substantially the form attached hereto as Exhibit G (the “Indemnification Agreement”); and
(viiixiii) such other documents or instruments the Series E Warrant executed by the Company, substantially in the form attached hereto as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.Exhibit I.
(b) At the Closing, Holdings shall each of the Series E Investors shall, severally but not jointly, deliver or cause to Seller Representative (or such other Person as may be specified herein) the followingdelivered:
(i) each of all Convertible Notes issued to such Series E Investor (other than S▇▇▇▇▇▇ Investments) by the Promissory Notes made payable Company for cancellation pursuant to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdingsterms thereof;
(ii) stock certificates representing the cash portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown the aggregate purchase price amount set forth opposite its name in the Consideration Spreadsheet;fourth column of Schedule A hereto, subject to the deduction provided under Section 8.15 in the case of S▇▇▇▇▇▇ Investments, by wire transfer of immediately available funds to a bank account (the “Closing Account”) in the Company’s name, the details of which shall be provided by the Company to the Series E Investors at least two (2) Business Days prior to the Closing Date; and
(iii) executed counterparts of each Transaction Agreement to which such Series E Investor is a party.
Appears in 1 contract
Sources: Series E Preferred Shares Purchase Agreement (Tudou Holdings LTD)
Closing Deliverables. (a) At Each Seller shall make the following deliveries: (i) at each Closing, the Seller shall deliver to the Company the stock certificate(s) representing (A) the Initial Shares with respect to the Initial Closing, or (B) the applicable number of Subsequent Shares being acquired by the Purchaser with respect to a Subsequent Closing, in each case, if in the Seller’s possession, or otherwise authorizes the Company to remove any such stock certificates from escrow for cancellation and reissuance to the Purchaser with respect to such Closing and to hold in escrow the remaining certificates pursuant to Section 1.4 below, (ii) for the Initial Closing, each Seller shall deliver to the Purchaser a duly authorized and executed copy of this Agreement and a properly completed and executed IRS Form W-9 or IRS Form W- 8BEN, as applicable, from the Seller and (iii) on the date hereof, any director appointed or designated by the Seller to the Company’s board of directors shall have delivered a resignation letter, effective as of the date hereof, in the form attached hereto as Exhibit C, or the Seller shall have otherwise removed such director from the Company’s board of directors (the “Resignation”). On or prior to the Initial Closing, Seller shall execute and deliver such additional documents and take such further actions as may be reasonably required to carry out the Seller Representative shall deliver to Holdings Resignation and the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer forfeiture of the Target right under the Company, that each ’s Amended and Restated Certificate of Incorporation (the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate “Certificate of the Secretary (or equivalent officerIncorporation”) of the Target Company certifying that holders of Series B Preferred Stock, voting as a separate class, to elect a member of the Company’s board of directors (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing “Director Election Right’), including executing an amendment to the execution, delivery and performance of this Voting Agreement and providing written consent to a stockholder consent to approve an amendment to the Ancillary Documents Certificate of Incorporation to remove Sellers’ right to designate a member of the Company’s board of directors and the consummation of the transactions contemplated hereby and therebyDirector Election Right, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreementrespectively.
(b) At The Purchaser shall make the following deliveries: (i) at the Initial Closing, Holdings the Purchaser shall deliver the Initial Purchase Price to the Sellers, and (ii) at each Subsequent Closing, the Purchaser shall deliver the applicable purchase price (based on the Subsequent Share Purchase Price per Subsequent Share being acquired at such Subsequent Closing), in each case, by wire transfer of immediately available funds to the account(s) designated in writing by the Sellers; (ii) Purchaser shall deliver to Seller Representative the Sellers a duly authorized and executed copy of this Agreement at the Initial Closing; (or such iii) at the Initial Closing, the Purchaser shall execute and deliver to the Company a counterpart signature page, in the form attached hereto as Exhibit D, to become party to the Amended and Restated Investors’ Rights Agreement, dated as of December 9, 2022, by and among the Company and the other Person parties thereto (as it may be specified hereinamended, restated, supplemented or otherwise modified from time to time, the “Investors’ Rights Agreement”), whereupon the Purchaser shall be bound by all the provisions thereof as an “Investor” thereunder; and (iv) at the following:
(i) each of Initial Closing, the Promissory Notes made payable Purchaser shall execute and deliver to each Seller and the Company a counterpart signature page, in the principal amounts set forth in form attached hereto as Exhibit E, to the Consideration SpreadsheetAmended and Restated Voting Agreement, duly executed dated as of March 14, 2023, by Holdings;
and among the Company and the other parties thereto (ii) stock certificates representing as it may be amended, restated, supplemented or otherwise modified from time to time, the portion of Holdings Equity allocated to each Seller in accordance “Voting Agreement,” and together with such Seller’s Pro Rata Sharethe Investors’ Rights Agreement, the “Stockholder Agreements”), whereupon the Purchaser shall be bound by all the provisions thereof as shown in the Consideration Spreadsheet;an “Investor” thereunder.
Appears in 1 contract
Sources: Stock Purchase Agreement
Closing Deliverables. The Lenders shall have received the following, each of which shall be originals, “pdfs” or telecopies (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Lenders:
(a) At or prior an executed counterpart of this Agreement;
(b) the Notes executed by the Borrower in favor of the Lenders;
(c) the Pledge Agreement executed by the Borrower and Holdings;
(d) the Subsidiary Guaranty executed by each Subsidiary Guarantor;
(e) the Registration Rights Agreement executed by the Borrower;
(f) evidence satisfactory to the ClosingLenders that that certain Consent under the Amended and Restated Limited Liability Company Agreement of GQ California in the form of Exhibit D hereto has been executed and delivered by each party thereto;
(g) evidence satisfactory to the Lenders that the Option Agreement among the Lenders and LUK Holdco in the form of Exhibit E has been executed and delivered by each party thereto;
(h) evidence satisfactory to the Lenders that all approvals, consents, exemptions, authorizations, notices to or filings with any Governmental Authority or other Person set forth on Schedule 4.3 have been obtained or made by the Seller Representative shall deliver to Holdings the following:Borrower or its applicable Subsidiary or Affiliate;
(i) all stock such certificates held by of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Sellers representing Lenders may require evidencing the Sharesauthority of each Loan Party to consummate the transactions contemplated hereby and the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party or is to be a party;
(j) such documents and certifications as the Lenders may reasonably require to evidence that each Loan Party is duly organized or formed; is validly existing and is in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, except to the extent such Shares are certificated at the time of Closingthat failure to do so could not reasonably be expected to have a Material Adverse Effect;
(iik) a certificate, dated the Closing Date and certificate signed by a duly authorized officer Responsible Officer of the Target Company, Borrower certifying that each of the conditions set forth specified in Section 8.2(a) Sections 3.2, 3.3, 3.4, and Section 8.2(b) 3.5 have been satisfied;
(iiil) a certificate certificates attesting to the Solvency of the Secretary (each Loan Party, from such Loan Party’s chief financial officer, treasurer, controller, administrator or other officer of equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statementresponsibility; and
(viiim) such other documents or instruments assurances, certificates, documents, consents and opinions as Holdings the Lenders reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreementmay require.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 1 contract
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver or cause the delivery of each of the following to Holdings the followingBuyer:
(i) all stock certificates held by the Sellers representing the SharesMembership Interests, to as well as all duly executed transfer documentation in respect of the extent such Shares are certificated at the time of ClosingMembership Interests;
(ii) a certificatethe sum payable to Buyer pursuant to Section 2.04(a), dated the Closing Date in cash, free and signed by a duly authorized officer clear of the Target Company, that each of the conditions set forth in Section 8.2(a) any costs and Section 8.2(b) have been satisfiedcharges to Buyer;
(iii) in each case where the said information is not in the possession or under the control of the relevant Group Company, the corporate books and records, including any shareholders’ registers and share certificates in respect of the Group Companies, and all other books and records required to be kept by Law by any Group Company (provided that Seller will be entitled to retain copies of all books and records related to, or that may be required for prosecution and defense of, any Retained Litigation);
(iv) a counterpart of the Convertible Note Agreement, duly executed by Seller;
(v) a counterpart of the Transition Services Agreement, duly executed by VIS;
(vi) the Trademark Assignment Agreement, duly executed by the Company and VIS;
(vii) a certificate of the Secretary (or equivalent officer) of VIS, Seller and each Group Company, in form and substance reasonably satisfactory to Buyer, certifying as to (A) a certified copy of VIS’s, Seller’s and each Group Company’s certificate of incorporation or certificate of formation (or equivalent formation document); (B) the Target Company certifying that bylaws or operating agreement (aor equivalent governing document) attached thereto are true of VIS, Seller and complete copies each Group Company, including any amendments thereto, as in effect on the Closing Date; (C) resolutions of all resolutions the directors of each of VIS and Seller, duly adopted by the Target Company Board authorizing and in effect, which authorize the execution, delivery and performance of this Agreement and the Ancillary other Seller Documents and necessary to consummate the consummation of the transactions contemplated hereby and therebyTransaction, and (D) the names and signatures of the officers of VIS and Seller authorized to sign this Agreement and the other Seller Documents; and
(viii) such other documents and instruments, including customary instruments of transfer, assumption, filings or documents, in form and substance reasonably satisfactory to the Parties, as the Buyer or its counsel may reasonably request.
(b) such resolutions are in full force and effect and are all At the resolutions adopted in connection with Closing, the transactions contemplated hereby and therebyBuyer shall deliver or cause the delivery of each of the following to Seller:
(i) a counterpart of the Convertible Note Agreement, duly executed by Buyer;
(ii) the Convertible Note, duly executed by Buyer;
(iii) a counterpart of the Transition Services Agreement, duly executed by Buyer;
(iv) a certificate of the Secretary (or equivalent officer) of Buyer, in form and substance reasonably satisfactory to Seller, certifying as to (A) a certified copy of Buyer’s certificate of formation, as in effect on the Target Company certifying Closing Date; (B) the operating agreement of Buyer, including any amendments thereto, as in effect on the Closing Date; (C) the resolutions of the manager of Buyer, duly adopted and in effect, which authorize the execution, delivery and performance of this Agreement, the Convertible Note Agreement, the Convertible Note and the other Buyer Documents and the issuance of the Securities, and (D) the names and signatures of the officers of the Target Company Buyer authorized to sign this Agreement, the Ancillary Documents Agreement and the other documents to be delivered hereunder and thereunder;Buyer Documents; and
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents and instruments, including customary instruments of transfer, assumption, filings or instruments as Holdings documents, in form and substance reasonably requests and are reasonably necessary satisfactory to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata ShareParties, as shown in the Consideration Spreadsheet;Seller or its counsel may reasonably request.
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (Volt Information Sciences, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Purchasers shall deliver to Holdings the followingdeliver:
(i) all stock certificates held to the Seller, cash in the form of a wire transfer to an account designated by the Sellers representing Seller in the Shares, to amount of the extent such Shares are certificated at the time of ClosingPurchase Price;
(ii) a certificate, dated to the Closing Date Seller and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;CPSL:
(iiiA) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company Purchasers certifying that (a1) attached thereto are true and complete copies of all resolutions adopted authorizing the execution, delivery, and performance of this Agreement and the consummation of the transactions contemplated hereby and (2) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby;
(B) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Purchasers certifying the names and signatures of the officers of the Purchasers authorized to sign this Agreement and the other documents to be delivered hereunder;
(C) such other documents or instruments as the Seller and CPSL reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(iii) to the Transfer Agent to complete the transfer of Shares:
(A) a completed IRS Form W-9 shall be given by Next Meats Holdings, Inc. and IRS Form W-8-BEN-E shall be given by White Knight Co., LTD to Transfer Agent by each Purchaser respectively;
(B) a completed Authorized Signatories and Specimen Signatures form, to be provided by the Purchasers to the Transfer Agent;
(C) a completed Certificate of Incumbency Form which form will be provided by Transfer Agent; and
(D) A completed Officer’s Certificate, which will be drafted by Seller and provided to the Purchasers.
(b) At or prior to the Closing, the Seller shall deliver to the Purchasers the following:
(i) At or prior to the Closing, the Seller shall deliver to the Transfer Agent the original, duly executed shareholder indemnity in lieu of a separate signature guarantee satisfactory to the Transfer Agent (or other instrument of transfer satisfactory to the Transfer Agent to effect the transfer thereof) to deliver the Shares in book-entry form to the Purchasers;
(ii) Such other documents or instruments as the Purchasers reasonably request and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(c) At or prior to the Closing, CPSL shall deliver to the Purchasers the following:
(i) The Articles of Incorporation, and all amendments thereto, if any, certified as of the most recent practicable date by the Secretary of State of the State of Nevada;
(ii) a Certificate of Good Standing, certified as of the most recent practicable date by the Secretary of State of the State of Nevada;
(iii) (A) complete copies of CPSL’s Audited Financial Statements (as defined herein), consisting of the balance sheet of CPSL at March 31, 2021, the related statements of income and retained earnings, stockholders’ equity, and cash flows for the most recent year then ended (the “Annual Financial Statements”), which (i) Annual Financial Statements shall have been audited by a public accounting firm registered with the PCAOB and shall have been prepared in accordance with GAAP, applied on a consistent basis throughout the periods involved and (B) all Quick Books files containing the financial records of CPSL.
(iv) resignations of the directors and officers of CPSL and appointment of the new officers and directors, such appointments to be made at the direction of the Purchasers, effective as of the Closing Date;
(v) a certificate of the Secretary or an Assistant Secretary (or equivalent officer of CPSL) certifying that (A) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board of Directors of CPSL, authorizing the execution, delivery delivery, and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebyhereby, and (b) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby(B) attached thereto is a true and complete copy of CPSL’s Bylaws (the “Bylaws”) in full force and effect as of the date of such certificate;
(ivvi) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company CPSL, certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents Agreement and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6hereunder;
(vii) all corporate minutes, books, documents, and instruments of every type or nature whatsoever of CPSL from its date of inception to the FIRPTA Statement; andClosing Date;
(viii) a written narrative of the history of CPSL;
(ix) such other documents or instruments as Holdings the Purchaser reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 1 contract
Sources: Share Purchase Agreement (Catapult Solutions, Inc.)
Closing Deliverables. (ai) At or prior to the Closing, the Seller Representative Foghorn shall deliver to Holdings the followingLilly:
(i1) all stock certificates held by a duly executed cross-receipt in form and substance reasonably satisfactory to each Party (the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing“Cross-Receipt”);
(ii2) a certificate, dated the Closing Date certificate in form and signed substance reasonably satisfactory to Lilly and duly executed on behalf of Foghorn by a duly an authorized officer of the Target CompanyFoghorn, certifying that each of the conditions to Closing set forth in Section 8.2(a) and Section 8.2(b) 7.2 of this Agreement have been satisfiedfulfilled;
(iii3) a certificate of the Secretary (or equivalent officer) secretary of Foghorn dated as of the Target Company Closing Date certifying that (a) attached thereto are is a true and complete copies copy of all resolutions adopted by Foghorn’s Board of Directors (the Target Company Board “Board”) authorizing the execution, delivery and performance of this Agreement Agreement, the Collaboration Agreement, and the Ancillary Documents and the consummation of the transactions contemplated hereby respectively therein and thereby, and (b) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with such transactions as of the transactions contemplated hereby and therebyClosing Date;
(iv4) a certificate of an executed amendment to the Secretary (or equivalent officer) of the Target Company certifying the names Amended and signatures of the officers of the Target Company authorized to sign this Restated Investors’ Rights Agreement, dated the Ancillary Documents and Closing Date, in the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statementform attached as Exhibit A hereto; and
(viii5) such other documents a written statement of Foghorn’s transfer agent, indicating issuance of the Shares in the name of Lilly or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreementits designee.
(bii) At the Closing, Holdings shall Lilly will deliver to Seller Representative (or such other Person as may be specified herein) the followingFoghorn:
(i1) each a duly-executed Cross-Receipt;
(2) a certificate in form and substance reasonably satisfactory to Foghorn and duly executed on behalf of Lilly by an authorized officer of Lilly, certifying that the Promissory Notes made payable conditions to each Seller and in the principal amounts Closing set forth in the Consideration Spreadsheet, duly executed by Holdings;Section 7.1 of this Agreement have been fulfilled; and
(ii3) stock certificates representing the portion Purchase Price for the Shares by wire transfer of Holdings Equity allocated immediately available federal funds to each Seller an account designated in accordance with such Seller’s Pro Rata Share, as shown writing by Foghorn at least five (5) Business Days in advance of the Consideration Spreadsheet;Closing.
Appears in 1 contract
Sources: Stock Purchase Agreement (Foghorn Therapeutics Inc.)
Closing Deliverables. (a) At or prior to the Closing, Seller and Buyer shall deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to release the Escrow Funds to Seller Representative in accordance with this Agreement and the Escrow Agreement. In addition, Seller shall deliver to Holdings Buyer the following:
(i) all stock certificates held a ▇▇▇▇ of sale substantially in the form attached hereto as Exhibit A (the “▇▇▇▇ of Sale”), duly executed by the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingSeller;
(ii) a certificate pursuant to Treasury Regulations Section 1.1445-2(b) that Seller is not a foreign person within the meaning of Section 1445 of the Code, duly executed by Seller;
(iii) a certificate, dated as of the Closing Date and signed by a duly authorized officer of the Target CompanySeller, certifying that each of the conditions set forth in Section 8.2(a7.02(a) and Section 8.2(b7.02(b) have been satisfied;
(iiiiv) a certificate from a duly authorized officer of the Secretary (or equivalent officer) of the Target Company Seller certifying that (a) attached thereto are true and complete copies of all the resolutions adopted by the Target Company Board board of directors of Seller authorizing the execution, delivery and performance of this Agreement and Agreement, the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viiiv) such other documents or instruments as Holdings Buyer reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings Buyer shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each evidence that Buyer has obtained a performance bond (or its equivalent) that satisfies the requirements of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheetsection 381.986(8)(b)7, duly executed by HoldingsFlorida Statutes;
(ii) stock certificates representing a certificate, dated as of the portion Closing Date and signed by a duly authorized officer of Holdings Equity allocated Buyer, certifying that each of the conditions set forth in Section 7.03(a) and Section 7.03(b) have been satisfied;
(iii) a certificate from a duly authorized officer of Buyer certifying that attached thereto are true and complete copies of the resolutions adopted by the board of directors of Buyer authorizing the execution, delivery and performance of this Agreement, the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby; and
(iv) such other documents or instruments as Seller reasonably requests and are reasonably necessary to each Seller in accordance with such Seller’s Pro Rata Share, as shown in consummate the Consideration Spreadsheet;transactions contemplated by this Agreement.
Appears in 1 contract
Sources: License Purchase Agreement (Planet 13 Holdings Inc.)
Closing Deliverables. (a) At or prior The following shall be delivered by Vision to the Purchaser at the Closing, the Seller Representative delivery of which shall deliver be a condition precedent to Holdings Purchaser’s purchase of the followingSecurities, unless the Purchaser waives Vision’s obligation with respect to any such deliverable:
(i) all stock certificates held by a certificate for the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingSecurities with applicable transfer restriction legends;
(ii) a certificate, dated certificate from the Closing Date President of Vision confirming (A) the continuing accuracy of all of Vision’s representations and signed by a duly authorized officer of the Target Company, that each of the conditions warranties set forth in Section 8.2(a5 hereof and (B) and Section 8.2(b) have been satisfiedVision’s compliance with all of its obligations under this Agreement;
(iii) a certificate from the President of VOMF confirming the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies continuing accuracy of all resolutions adopted by the Target Company Board authorizing the execution, delivery of VOMF’s representations and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are warranties set forth in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebySection 5 hereof;
(iv) a certificate from the Secretary of Vision: (i) certifying the Certificate of Incorporation of Vision; (ii) certifying the Bylaws of Vision; (iii) certifying the resolutions of the Secretary board of directors of Vision authorizing the transactions contemplated under this Agreement; and (or equivalent officeriv) of attesting to the Target Company certifying the names and signatures incumbency of the officers and directors of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderVision;
(v) a good standing certificate (or its equivalentthe resignations of Vision’s directors and officers as provided in Section 7(g) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organizedhereof;
(vi) the Consideration Spreadsheet contemplated a legal opinion from Vision’s attorneys in Section 2.6;
(vii) the FIRPTA Statementa form reasonably acceptable to Purchaser and its attorneys; and
(viiivii) such other documents or instruments as Holdings Purchaser and its attorneys may reasonably requests and are reasonably necessary request to consummate effect the transactions contemplated by this Agreementhereby.
(b) At The following shall be delivered by Purchaser to Vision at the Closing, Holdings the delivery of which shall deliver be a condition precedent to Seller Representative (or Vision’s sale of the Securities, unless Vision waives the Purchaser’s obligation with respect to any such other Person as may be specified herein) the followingdeliverable:
(i) each the remaining $95,000 of the Promissory Notes made Purchase Price due and payable by wire transfer to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsVision’s account;
(ii) stock certificates representing a certificate from the portion President of Holdings Equity allocated Purchaser confirming (A) the continuing accuracy of all of Purchaser’s representations and warranties set forth in Section 6 hereof and (B) Purchaser’s compliance with all of its obligations under this Agreement;
(iii) a certificate from the Secretary of Purchaser: (i) certifying the Certificate of Incorporation of Purchaser; (ii) certifying the Bylaws of Purchaser; (iii) certifying the resolutions of the board of directors of Purchaser authorizing the transactions contemplated under this Agreement; and (iv) attesting to each Seller in accordance with the incumbency of the officers and directors of Purchaser; and
(iv) such Seller’s Pro Rata Share, other documents or instruments as shown in Vision and its attorneys may reasonably request to effect the Consideration Spreadsheet;transactions contemplated hereby.
Appears in 1 contract
Sources: Securities Purchase Agreement (Vision Acquisition v Inc)
Closing Deliverables. (a) At Seller shall have delivered or prior caused to the Closing, the Seller Representative shall deliver be delivered to Holdings Buyer the following:
(i) all stock certificates held the Assignment of Membership Interests duly executed by the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingSeller;
(ii) a certificatecertificate of an appropriate officer of Seller in the form attached hereto as Exhibit C, dated as of the Closing Date and signed by a duly authorized officer Date, certifying to the effect of the Target Company, that each of the conditions set forth in Section 8.2(aclauses (a) and (b) of this Section 8.2(b) have been satisfied6.1.1;
(iii) a certificate of the Secretary (or equivalent officer) secretary of Seller, dated as of the Target Company Closing Date, in the form of Exhibit C, certifying that (a) attached thereto are true and complete as to and, as applicable, attaching copies of all (i) the organizational documents of Seller and the Company, (ii) resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and each Ancillary Document to which Seller or the Ancillary Documents Company is a party and the consummation by Seller of the transactions contemplated hereby and thereby, (iii) the incumbency of the officers of Seller executing this Agreement and the Ancillary Documents to be executed by Seller on the Closing Date as contemplated herein; and (biv) such resolutions are in full force good standing certificates of the Company and effect and are all Seller, dated no earlier than five (5) Business Days prior to the resolutions adopted in connection with the transactions contemplated hereby and therebyClosing Date;
(iv) a certificate from Seller, in the form of Exhibit E, as to the Secretary non-foreign status of Seller, satisfying in all respects the requirements of Section 1.1145- (or equivalent officer2)(b)(2) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderTreasury Regulations;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority evidence that all of the jurisdiction under Project Assets that were not in the Laws name of the Company as of the Effective Date have been duly transferred to the Company on terms reasonably acceptable to Buyer and that all third-party consents to effect any such transfer have been obtained, in which the Target Company is organizedeach case, in form and substance reasonably acceptable to Buyer;
(vi) copies of all Real Property Documents, and, to the Consideration Spreadsheet contemplated extent in Section 2.6Seller’s possession, originals of all Real Property Documents, and, to the extent in Seller’s possession, copies of any Title Reports or Surveys;
(vii) the FIRPTA Statementcopies of all Project Contracts, Obtained Permits, Permit Applications, Books and Records (that are in Seller’s possession), Reports and Studies; and
(viii) such other certificates, instruments or documents required by the provisions of this Agreement or instruments as Holdings reasonably requests and are reasonably otherwise necessary or appropriate to consummate transfer the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller Membership Interests in accordance with such Seller’s Pro Rata Sharethe terms hereof and consummate the Transaction, as shown and to vest in Buyer or its Affiliates and its or their successors and assigns full, complete, absolute, legal and equitable title to the Consideration Spreadsheet;Membership Interests, free and clear of all Liens.
Appears in 1 contract
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative following documents shall deliver to Holdings be amended and restated, or shall become effective, at the followingtimes indicated below:
(i) all stock certificates held Immediately following the transactions contemplated by Section 2.1(a)(i), the Sellers representing partnership agreement of Canadian LP shall be amended and restated in the Shares, to the extent such Shares are certificated at the time form of ClosingExhibit J hereto;
(ii) a certificateImmediately upon the Effective Time, dated the Topco Post-Closing Date Investor Rights Agreements shall become effective; and
(iii) Immediately upon the Effective Time, the Registration Rights Agreement shall become effective;
(b) At the Closing, the following documents shall be delivered by ▇▇▇ to Polaris and signed by a duly authorized officer Topco:
(i) resignations of the Target Company, that each directors and officers of ▇▇▇;
(ii) written evidence of the conditions set forth in termination of all Contracts required pursuant to Section 8.2(a) and Section 8.2(b) have been satisfied8.7;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company each of ▇▇▇ and Merger Sub certifying that (a1) attached thereto are true and complete copies of (A) all resolutions adopted by the Target Company ▇▇▇ Board or the board of directors of Merger Sub, as applicable, authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebyhereby, including the Integration Transaction, and (bB) the vote of the stockholders of each of ▇▇▇ and Merger Sub approving the Merger, and adopting this Agreement, and (2) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;hereby, including the Integration Transaction; and
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority Agency of the jurisdiction under the Laws laws in which the Target Company ▇▇▇ is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(bc) At the Closing, Holdings the following documents shall deliver be delivered by Topco to Seller Representative (or such other Person as may be specified herein) the followingPolaris and ▇▇▇:
(i) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of each of Transit, Topco, Canadian LP and CanHoldco certifying that (1) attached thereto are true and complete copies of (A) all resolutions adopted by the Promissory Notes made payable to boards of directors (or equivalent governing bodies) of each Seller of Transit, Topco, Canadian LP and CanHoldco authorizing the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, including the Integration Transaction, and (B) resolutions of the stockholders (or, in the principal amounts set forth case of Canadian LP, the general partner) of each of Transit, Topco, Canadian LP and CanHoldco approving the Integration Transaction, including the Merger, and adopting this Agreement, and (2) all such resolutions are in full force and effect and are all the Consideration Spreadsheetresolutions adopted in connection with the transactions contemplated hereby, duly executed by Holdings;including the Integration Transaction; and
(ii) stock certificates representing a good standing certificate (or its equivalent) from the portion secretary of Holdings Equity allocated to state or similar Governmental Agency of the jurisdiction under the laws in which each Seller in accordance with such Seller’s Pro Rata Shareof Transit, as shown in the Consideration Spreadsheet;Topco, Canadian LP, CanHoldco and Merger Sub is organized.
Appears in 1 contract
Sources: Limited Partnership Agreement (Telesat Partnership LP)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver or cause to Holdings the followingbe delivered to Acquiror:
(i) all stock certificates held the certificate required by the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingSection 9.2(c);
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer copy of the Target CompanyEscrow Agreement in the form attached hereto as Annex B (the “Escrow Agreement”), that each of duly executed by the conditions set forth in Section 8.2(a) Holder Representative and Section 8.2(b) have been satisfiedthe Escrow Agent;
(iii) a properly completed and duly executed IRS Form W-9 of each Holder (or, if such Holder is treated as an entity disregarded as separate from its regarded owner for U.S. federal income Tax purposes), the Person that is treated as its regarded owner;
(iv) the resignation letters required by Section 6.6;
(v) documentary evidence of the termination of Affiliate Agreements required by Section 6.4;
(vi) the Payoff Letters duly executed and delivered by the Acquired Companies, as applicable, required by Section 3.5;
(vii) certificates of good standing or existence (as applicable) and a certified copy of the certificate of formation for each of the Secretary Acquired Companies issued by the applicable Governmental Authority of its jurisdiction of formation, dated as of a date not more than five (5) Business Days prior to the Closing Date;
(viii) a certificate duly executed by the secretary (or equivalent authorized officer) of the Target Company Company, certifying that (a) attached thereto are true true, correct and complete copies of all (A) the Organizational Documents of each Acquired Company, (B) the resolutions duly adopted by the Target Company Board Company’s board of managers authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents Documents, and the consummation of the transactions contemplated hereby and therebyall Transactions, and (b) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby Transactions and thereby(C) the Company Member Approval;
(ivix) a certificate substantially complete and correct copies of all minute books, records, registers and seals of the Secretary (or equivalent officer) Acquired Companies, in each case that are not in the possession of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this AgreementAcquired Companies, the Ancillary Documents and the other documents to be delivered hereunder and thereunderas applicable;
(vx) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of Amendment to Heyday ▇▇▇▇▇, duly executed by the jurisdiction under the Laws in which the Target Company is organizedand Heyday Holdings, LP;
(vixi) evidence of the Consideration Spreadsheet contemplated in entry by the Company into the tail insurance policies required by Section 2.66.9;
(viixii) duly executed resolutions terminating any and all Company Benefit Plans intended to be “qualified” within the FIRPTA Statementmeaning of Code Section 401(a) that includes a Code Section 401(k) arrangement (each a “Company 401(k) Plan”), effective no later than one (1) Business Day immediately preceding the Closing Date and contingent on the Closing;
(xiii) invoices, if applicable, reflecting the Estimated Closing Date Outstanding Company Expenses, together with wire transfer instructions for the payees thereof; and
(viiixiv) such all other documents documents, instruments or instruments as Holdings reasonably requests and are reasonably necessary writings required to consummate be delivered by the transactions contemplated by Company, the Holders or the Holder Representative at or prior to the Closing pursuant to this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the followingAcquiror shall:
(i) pay to each Holder, such ▇▇▇▇▇▇’s share of the Promissory Notes made payable to each Seller and Merger Consideration as of the Closing Date in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdingsaccordance with Section 3.2;
(ii) stock certificates representing pay to ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, as escrow agent of the portion parties hereto pursuant to the Escrow Agreement (the “Escrow Agent”), by wire transfer of Holdings Equity allocated immediately available funds, the Escrow Amount, the Specified Tax Matters Escrow Amount and the Specified Employee Matters Escrow Amount to each Seller be held in escrow in segregated accounts maintained by the Escrow Agent in accordance with the terms of this Agreement and the Escrow Agreement;
(iii) pay to such Sellerthird parties as are directed by the Company, by wire transfer of immediately available funds, an amount equal to the Estimated Closing Date Outstanding Company Expenses; provided, that any compensatory payments (including the employer portion of Taxes related thereto) included in such Estimated Closing Date Outstanding Company Expenses shall be paid to the Company for processing through payroll (and subject to withholding), and Acquiror shall cause such payments to be made as soon as reasonably practicable following the Closing;
(iv) pay to the Holder Representative a cash amount equal to $50,000 (the “Holder Allocable Expenses”), by wire transfer of immediately available funds;
(v) on behalf of the Acquired Companies, pay to the payees thereof, by wire transfer of immediately available funds, an amount equal to the Payoff Funded Debt in accordance with the Payoff Letters;
(vi) deliver to the Holder Representative a copy of the Escrow Agreement, executed by ▇▇▇▇▇▇▇▇;
(vii) deliver to the Company the certificate required by Section 9.3(d);
(viii) a certificate duly executed by the secretary (or equivalent authorized officer) of Acquiror, certifying that attached thereto are true, correct and complete copies of the resolutions duly adopted by the Acquiror’s Pro Rata Sharesole member authorizing the execution, as shown delivery and performance of this Agreement and the Ancillary Documents, and the consummation of all Transactions, and that all such resolutions are in full force and effect and are all the Consideration Spreadsheet;resolutions adopted in connection with the Transactions; and
(ix) all other documents, instruments or writings required to be delivered by the Acquiror at or prior to the Closing pursuant to this Agreement.
Appears in 1 contract
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver to Holdings Parent (or such other Person as may be specified herein) the following:
(i) all stock certificates held the Escrow Agreement duly executed by the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingShareholder Representative;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer resignations of the Target Company, that each directors and officers of the conditions set forth in Section 8.2(a) Company and Section 8.2(b) have been satisfiedPTC;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company certifying that (aA) attached thereto are true and complete copies of (1) all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebythereby and (2) resolutions of the Shareholders approving the Merger and adopting this Agreement, and (bB) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(v) at least three (3) Business Days prior to the date hereof, the Closing Financial Certificate;
(vi) at least three (3) Business Days prior to the Consideration Spreadsheet contemplated date hereof, payoff letters, in Section 2.6a form and substance reasonably acceptable to Parent, from any holder or payee of any Indebtedness setting forth the amount of such Indebtedness as of the Closing Date, agreeing to release and discharge on customary terms, and authorizing the Parent to file any termination statements, amendments or other notices of record to evidence such release of, all Encumbrances on any of the assets or properties of the Company (“Payoff Letters”);
(vii) full and final invoices, from any payee of any Transaction Expenses specifying and confirming, all amounts due such payee in connection with the execution and delivery of this Agreement and the consummation of the Merger and the other transactions contemplated herein (“Invoices”);
(viii) a copy of one or more USB drives (or other electronic means) containing a copy, as of the Closing Date, of the electronic data site established by or at the request of the Company in connection with the transactions contemplated hereunder;
(ix) the employment agreement in the form attached hereto as Exhibit H (the “Employment Agreement”) executed by ▇▇▇▇ ▇▇▇▇▇▇▇;
(x) executed copies of the Real Estate Leases;
(xi) executed copies of the Subordination and Nondisturbance Agreements;
(xii) the FIRPTA Statement;
(xiii) an executed Omnibus Termination Agreement for the Company Shareholder Agreement in the form of Exhibit J hereto;
(xiv) fully executed copies of all of the documents that evidence the consummation and effectiveness of the Pre-Closing Transactions, including evidence that the PTC Merger has been completed, evidence of the distribution to the Shareholders of the Il Capo Note, evidence of the conveyance of the Salt Lake Buildings to Il Capo and the Propco Property and the Lindon Property to Propco, evidence of the sale to Il Capo of the Propco membership interests;
(xv) fully executed copies of all approvals, consents and waivers that are listed in Section 3.03(a) of the Disclosure Schedules;
(xvi) at least three (3) Business Days prior to the date hereof, payment instructions for any payee of any third party debt to which Parent is to deliver funds on behalf the Shareholders at Closing (the “Third Party Debt”); and
(viiixvii) such other documents or instruments as Holdings Parent reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings Parent shall deliver to Seller Representative the Company (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, Escrow Agreement duly executed by Holdings▇▇▇▇▇▇;
(ii) stock certificates representing the portion of Holdings Equity allocated payment to each Seller Shareholder by wire transfer of immediately available funds in accordance with an amount equal to such SellerShareholder’s Pro Rata ShareShare of the aggregate Closing Merger Consideration payable pursuant to Section 2.08 in exchange for Shares;
(iii) payment to the Escrow Agent by wire transfer of immediately available funds of the Indemnification Escrow Amount, the Purchase Price Adjustment Escrow Amount and the Shareholder Representative Expense Amount as shown set forth in Section 2.11;
(iv) payment to third parties by wire transfer of immediately available funds that amount of money due and owing from the Consideration SpreadsheetCompany to such third parties as Transaction Expenses as set forth on the Invoices;
(v) payment to holders or payees of outstanding Indebtedness by check or by wire transfer of immediately available funds that amount of money due and owing from the Company to such holders or payees of outstanding Indebtedness as set forth on the Payoff Letters;
(vi) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of ▇▇▇▇▇▇ and Merger Sub certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of Parent and ▇▇▇▇▇▇ Sub authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(vii) payment to third parties by wire transfer of immediately available funds in that amount of money due and owing with respect to the Third Party Debt; and
(viii) such other documents or instruments as the Company reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
Appears in 1 contract
Sources: Merger Agreement (Northwest Pipe Co)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Target shall deliver to Holdings Parent the following:
(i) all stock certificates held the Escrow Agreement duly executed by the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingStockholder Representative;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the board of directors and Stockholders of Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary other Transaction Documents and the consummation of the transactions contemplated hereby and therebythereby (including approval by Stockholders holding at least 50% of the Target Common Stock and 66.67% of the Series A Preferred Stock of this Agreement, the Merger and the other transactions contemplated hereby), and (b) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iviii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Transaction Documents and the other documents to be delivered hereunder and thereunder;
(iv) an original legal opinion of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇’▇▇▇▇▇, LLP, counsel for the Target, covering the matters set forth on Exhibit F (the “Target Opinion”);
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized[RESERVED];
(vi) certificates of account status or good standing for Target issued by the Consideration Spreadsheet contemplated in Section 2.6Secretary of State of Delaware dated as of a date that is not more than ten (10) days prior to the Closing Date;
(vii) such documentation or other evidence reasonably satisfactory to Parent that all of the FIRPTA Statement; andPermits, consents, approvals, authorizations and clearances listed in Section 4.03 of the Disclosure Schedule related to (x) Material Customer Contracts representing at least seventy-five percent (75%) of Target’s revenues for the twelve (12) months ending July 31, 2013 and (y) those Contracts designated in Section 4.03 of the Disclosure Schedule as “Material Supplier Contracts” that are required for the Closing have been obtained;
(viii) such documentation or other documents evidence reasonably satisfactory to Parent that Telemed is spun-off from Target and is no longer a Subsidiary of Target as of the Closing Date;
(ix) such documentation or other evidence reasonably satisfactory to Parent that Target shall have taken all action reasonably required to cause the termination of all of the Contracts listed in Part V of Section 4.08(a) of the Disclosure Schedule;
(x) such documentation or other evidence reasonably satisfactory to Parent that Target shall have taken all action reasonably required to cause the termination of all of its Benefit Plans;
(xi) Letters of Transmittal (attaching stock certificates or lost stock affidavits, as applicable, evidencing the applicable Stockholder’s equity ownership in Target immediately prior to the Effective Time) duly executed by each Stockholder;
(xii) Release Agreements duly executed by each holder of Target Options and Phantom Equity Rights issued and outstanding immediately prior to the Effective Time other than the Persons listed on Section 2.10(b) of the Disclosure Schedule;
(xiii) resignation letters, duly executed, by each director and officer of Target;
(xiv) such other customary instruments of transfer, assumption, filings or documents, in form and substance reasonably satisfactory to Parent, as Holdings reasonably requests and are reasonably necessary may be required to consummate the transactions contemplated by give effect to this Agreement.
(b) At the Closing, Holdings Parent shall deliver to Seller Representative (or such other Person as may be Target and the Stockholder Representative, unless otherwise specified herein) below, the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, Escrow Agreement duly executed by HoldingsParent;
(ii) stock certificates representing a certificate of the portion Secretary or an Assistant Secretary (or equivalent officer) of Holdings Equity allocated Parent certifying that attached thereto are true and complete copies of all resolutions adopted by the boards of directors of Parent authorizing the execution, delivery and performance of this Agreement and the other Transaction Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of Parent certifying the names and signatures of the officers of Parent authorized to each Seller sign this Agreement, the Transaction Documents and the other documents to be delivered hereunder and thereunder;
(iv) an original legal opinion of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ L.L.P., counsel for the Parent, covering the matters set forth on Exhibit G (the “Parent Opinion”); and
(v) a release of any indebtedness owed to Parent by Target arising from the Loan Agreement.
(c) At the Closing, Parent shall make, or cause the Surviving Corporation to make, the payments described in accordance with such Seller’s Pro Rata Share, as shown Section 2.07(c).
(d) Each of Karabees and Shlagman shall deliver to Parent an executed Noncompetition/Nonsolicitation Agreement in the form of Exhibit H attached hereto (the “Noncompetition Agreement”).
(e) Target shall deliver to Parent a release for each Broker (including, without limitation, Archpoint Partners) and executed by each Broker, (i) acknowledging that all fees payable to such Broker due to the consummation of this Agreement have been paid and (ii) releasing Parent, the Surviving Corporation and Target from any claims in connection therewith (the “Broker Release”).
(f) Target shall deliver to Parent a release for Target’s Indebtedness with ▇▇▇▇▇ Fargo Bank (the “Lender”) and executed by the Lender, (i) acknowledging that all amounts due to Lender have been paid and (ii) releasing Parent, the Surviving Corporation and Target from any claims in connection therewith.
(g) Target shall deliver to Parent a release executed by Shlagman, in form and substance reasonably satisfactory to Parent, (i) acknowledging that all fees payable to him due to the consummation of this Agreement and the termination of his employment agreement have been paid and (ii) releasing Parent, the Surviving Corporation and Target Parties from any claims in connection therewith.
(h) The parties acknowledge and agree that as of the Closing Date, the Loan Agreement shall terminate and the Deposit Amount shall be credited towards the Aggregate Merger Consideration Spreadsheet;as set forth in Section 2.07(a)(iii).
Appears in 1 contract
Sources: Merger Agreement (Teladoc, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver to Holdings Buyer the following:
(i) all stock certificates held a b▇▇▇ of sale in the form of Exhibit A attached hereto (the “B▇▇▇ of Sale”) and duly executed by Seller, transferring the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingAssets Buyer;
(ii) a certificatecertificate of the Secretary (or equivalent officer) of Seller certifying as to the resolutions of the board of directors and the stockholders of Seller, dated which authorize the execution, delivery and performance of this Agreement, the B▇▇▇ of Sale and the other agreements, instruments and documents required to be delivered in connection with this Agreement or at the Closing Date (collectively, the “Transaction Documents”) and signed by a duly authorized officer the consummation of the Target Companytransactions contemplated hereby and thereby;
(iii) such other customary instruments of transfer or assumption, that each of filings or documents, in form and substance reasonably satisfactory to Buyer, as may be required to give effect to the conditions set forth in Section 8.2(atransactions contemplated by this Agreement; and
(b) and Section 8.2(bAt the Closing, Buyer shall deliver to Seller the following:
(i) the Note Cancellation Agreement;
(ii) a UCC termination statement D▇▇▇▇▇▇▇▇ which shall have been satisfiedfiled with the Texas Secretary of State, as to Bitech and Seller;
(iii) a certificate of the Secretary (or equivalent officer) of Buyer certifying as to (A) the Target Company certifying that (a) attached thereto are true and complete copies resolutions of all resolutions adopted by the Target Company Board authorizing board of directors of Buyer, which authorize the execution, delivery and performance of this Agreement and the Ancillary other Transaction Documents and the consummation of the transactions contemplated hereby and thereby, thereby and (bB) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company Buyer authorized to sign this Agreement, the Ancillary Documents Agreement and the other documents to be delivered hereunder and thereunderTransaction Documents;
(viv) a good standing certificate (or its equivalent) from the secretary copies of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Sharebank statements since January 1, 2021 as shown in it relates to the Consideration Spreadsheet;Business.
Appears in 1 contract
Sources: Asset Purchase Agreement (Bitech Technologies Corp)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Target shall deliver to Holdings Purchaser and Merger Sub the following, unless waived by Purchaser:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfied;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the directors and stockholders of Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary other Transaction Documents to which Target is party and the consummation of the transactions contemplated hereby and therebythereby (including the Merger and the other transactions contemplated hereby), and (b) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(ivii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Transaction Documents and the other documents to be delivered by Target hereunder and thereunder;
(iii) a certificate, dated as of the Closing Date and signed by a duly authorized officer of Target, that each of the conditions set forth in Section 8.02(a), (b), (h) and (i) with respect to Target have been satisfied;
(iv) an original legal opinion of ▇▇▇▇▇ ▇▇▇▇▇ PLLC covering the matters set forth on Exhibit G (the “Target Opinion”);
(v) a good standing certificate (or its equivalent) for Target from the secretary of state or similar Governmental Authority of the Delaware and of each jurisdiction under the Laws in which Target is qualified to do business as a foreign entity, in each case dated as of a date that is not more than ten (10) days prior to the Target Company is organizedClosing Date;
(vi) such documentation or other evidence reasonably satisfactory to Purchaser that all of the Consideration Spreadsheet contemplated Permits, consents, approvals, authorizations and clearances listed in Section 2.64.03 of the Disclosure Schedules have been obtained;
(vii) such documentation or other evidence reasonably satisfactory to Purchaser that Target shall have taken all action reasonably required to cause the FIRPTA Statement; andtermination of all of the Contracts listed in Schedule 3.02(a)(vii), if any;
(viii) such documentation or other documents or instruments as Holdings evidence reasonably requests and are satisfactory to Purchaser that Target shall have taken all action reasonably necessary required to consummate cause the transactions contemplated by this Agreement.termination of all of its Benefit Plans, if any;
(bix) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheeta resignation letter, duly executed by Holdingseach director and officer of Target, which resignation letter shall include an acknowledgement that, with respect to the director and officer indemnification agreement previously entered into between Target and such director or officer (the “Indemnification Agreement”) (i) no indemnification, reimbursement or advancement of expenses shall be due under the Indemnification Agreement from Purchaser or the Surviving Company in respect of actions or omissions occurring after the Closing, and (ii) Section 9 of the Indemnification Agreement shall only apply to actions or omissions taken prior to the Closing and in such Person’s capacity as a director or officer of Target;
(x) an Employment Agreement in the form attached hereto as Exhibit H (the “Roga Employment Agreement”), duly executed by Roga;
(xi) the Escrow Agreement duly executed by the Equityholder Representative; (xii) a release (in form and substance reasonably satisfactory to Purchaser) duly executed by ▇▇▇▇▇▇▇, (i) acknowledging that, upon payment of the applicable Closing Transaction Expenses due thereto, all fees payable to ▇▇▇▇▇▇▇ due to the consummation of this Agreement have been paid and (ii) stock certificates representing releasing Purchaser, the portion of Holdings Equity allocated to each Seller Surviving Company and Target from any claims in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheetconnection therewith;
Appears in 1 contract
Sources: Merger Agreement (Teladoc, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver to Holdings High Tide the following:
(i) all stock certificates held by executed copies of the Sellers representing Ancillary Agreements to which the Shares, to the extent such Shares are certificated at the time of ClosingCompany or Member Representative is a party or signatory;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, certifying that each of the conditions set forth in Section 8.2(a6.02(a) and Section 8.2(b6.02(b) have been satisfied;
(iii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (aA) attached thereto are true and complete copies of of: (i) all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, ; and (bii) resolutions of the Members approving the Merger and adopting this Agreement; and (B) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;; ▇▇▇-▇▇▇▇-▇▇▇▇/9/AMERICAS 6
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At or prior to the Closing, Holdings High Tide shall deliver to Seller the Member Representative (or such other Person as may be specified herein) the following:
(i) each executed copies of the Promissory Notes made payable Ancillary Agreements to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdingswhich Parent is a party or signatory;
(ii) stock certificates representing payment the portion aggregate Merger Consideration and Class VI Fee payable pursuant to Section 2.01;
(iii) payment to the Escrow Agent the Indemnification Escrow Amount;
(iv) a certificate, dated the Closing Date and signed by a duly authorized officer of Holdings Equity allocated High Tide and Merger Sub, that each of the conditions set forth in Section 6.03(a) and Section 6.03(b) have been satisfied;
(v) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of High Tide and Merger Sub certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of High Tide and Merger Sub authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(vi) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of High Tide and Merger Sub certifying the names and signatures of the officers of High Tide and Merger Sub authorized to each Seller in accordance with sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder; and
(vii) such Seller’s Pro Rata Share, other documents or instruments as shown in the Consideration Spreadsheet;Company reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
Appears in 1 contract
Sources: Merger Agreement (High Tide Inc.)
Closing Deliverables. (a) At or prior to the Escrow Closing, the Seller Representative Corporation shall deliver to Holdings Royale or, if otherwise provided below, to the Escrow Agent, the following, as provided below:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, Corporation that each of the conditions set forth in Section 8.2(a8.02(a) and Section 8.2(b8.02(b) have been satisfied;
(iiiii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company Corporation certifying that (a1) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement by the Corporation, and the Ancillary Documents and the consummation of the transactions contemplated hereby hereby, (2) that each of the Shareholders has executed and therebydelivered the Requisite Shareholders’ Consent, (3) that all resolutions of the Board and (b) such resolutions all authorizations provided by each Shareholder in connection with the Requisite Shareholders’ Consent are in full force and effect without modification or amendment;
(iii) stock certificates representing all of the outstanding Transferred Stock and are all properly executed and completed Letters of Transmittal with respect thereto, in the resolutions adopted in connection with form attached to Exhibit D (“Letters of Transmittal”), shall be delivered by the transactions Shareholders to the Escrow Agent. In addition, the Shareholders shall execute and deliver to Royale, and shall cause the Corporation to execute and deliver to Royale, the documents, certificates, opinions, instruments and agreements required to be executed and delivered by the Corporation or its Shareholders at the Closing as contemplated hereby or as may be reasonably requested by the Parent and thereby;shall deliver or cause to be delivered the documents and evidence required under this Agreement.
(iv) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company Corporation certifying the names and signatures of the officers of the Target Company Corporation authorized to sign this Agreement, the Ancillary Corporation Related Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is Royale Parties are organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6351 Plan;
(vii) certificates of non-foreign status delivered by each Shareholder of the FIRPTA StatementCorporation under Section 1445 of the IRC; and
(viii) such other documents or instruments as Holdings Royale reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings Royale shall deliver to Seller Representative the Corporation (or such other Person as may be specified herein) the following:
(i) each of instructions to Royale’s transfer agent to issue and deliver to the Promissory Notes made payable Shareholders the Exchange Consideration to each Seller and be issued as provided in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsARTICLE II;
(ii) stock instructions to Royale’s transfer agent to issue and deliver to the holders of convertible debt of Matrix the Debt Exchange Consideration;
(iii) evidence that the Matrix Senior Indebtedness shall have been assumed by Parent or paid off as of the Closing Date in accordance with Section 6.17;
(iv) a certificate, dated the Closing Date and signed by a duly authorized officer of each Royale Party, that each of the conditions set forth in Section 8.03(a) and Section 8.03(b) have been satisfied;
(v) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Royale Parties certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of the Royale Parties authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(vi) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Royale Parties certifying the names and signatures of the officers of the Royale Parties authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(vii) evidence of the establishment of a new Subsidiary and the transfer of all of the assets related to the DWI Business of Royale (including assets held in trust for its investors);
(viii) the Section 351 Plan;
(ix) employment agreements executed by Parent and each of ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇ Sheevel, all in a form reasonably acceptable to Royale and Matrix;
(x) certificates representing or other evidence reasonably satisfactory to the portion Corporation confirming that none of Holdings Equity allocated the Royale Stockholders owning more than 5% of the number of shares of Royale Common Stock outstanding immediately before the Royale Merger is a “foreign person” within the meaning of Treasury Regulation § 1445-2(b); and
(xi) such other documents or instruments as the Corporation reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(c) At the Closing, provided that (i) the conditions of this ARTICLE VIII have been fulfilled to the reasonable satisfaction of each Seller Party entitled to satisfaction thereof, and(ii) each of the deliveries required by Section 8.04(a) and Section 8.04(b) have been made in accordance with such Seller’s Pro Rata Sharerequirements, as shown Royale and the Corporation shall provide joint written instructions to the Escrow Agent to release and deliver to Royale or its designee all of the Letters of Transmittal and stock certificates held in escrow by Escrow Agent pursuant to the Consideration Spreadsheet;Escrow Agreement.
Appears in 1 contract
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver to Holdings Purchaser the following:
(i) the Escrow Agreement duly executed by Securityholder Representative;
(ii) the Pre-Closing Certificate pursuant to Section 2.07;
(iii) payoff letters with respect to all stock certificates held by Indebtedness, providing for the Sellers representing full and final discharge thereof and the Shares, to the extent such Shares are certificated at the time release of all Encumbrances as of Closing;
(iv) resignations of the directors and officers of the Company Group pursuant to Section 5.06, together with any necessary board minutes and documentation to effect or record the same (e.g., Forms TM01 and TM02 for UKCo);
(v) the UKCo’s Companies House e-filing authentication code;
(vi) for each UK based Company Securityholder with Company Options, a Section 431 Election duly executed by the (i) UK based Company Securityholder with Company Options, (ii) Company, and (iii) UKCo, in compliance with the UK Sub-Plan of the Company Stock Option Plan;
(vii) a certificate, dated the Closing Effective Date and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a7.02(a), Section 7.02(b) and Section 8.2(b7.02(d) have been satisfied;
(iiiviii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company certifying (A) that (a) attached thereto are true and complete copies of all resolutions adopted by or other corporate actions of the Target Company Board authorizing or the execution, delivery and performance of Company Shareholders approving this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebyTransactions, and (bB) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby Transactions, and thereby;
(ivC) as to a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures list of the officers of the Target Company authorized to sign this Agreement, Agreement and the Ancillary Documents and the other documents to be delivered hereunder and thereunderDocuments;
(vix) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company Company, USCo and CanCo is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(viix) the FIRPTA Statement; and
(viiixi) registers, statutory books (duly written up to Closing), minute books, definitive share certificates for interests in CanCo, UKCo and USCo (if applicable), and such other documents or instruments corporate records, documentation and credentials as Holdings Purchaser shall reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreementrequest.
(b) At the Closing, Holdings Purchaser shall deliver to Seller Representative the Company (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, Escrow Agreement duly executed by HoldingsPurchaser;
(ii) stock certificates representing payment to holders of outstanding Indebtedness, if any, by wire transfer of immediately available funds that amount of money due and owing from the portion Company to such holder of Holdings Equity allocated outstanding Indebtedness as set forth on the Pre-Closing Certificate;
(iii) payment to third parties to whom any Transaction Expenses are payable by wire transfer of immediately available funds that amount of money due and owing from the Company to such third parties as Transaction Expenses as set forth on the Pre-Closing Certificate;
(iv) payment to the Securityholder Representative by wire transfer of immediately available funds an amount equal to the Securityholder Representative Fund;
(v) payment to the Exchange Agent by wire transfer of immediately available funds an amount equal to the aggregate Closing Cash Consideration payable in exchange for Company Securities pursuant to this Agreement;
(vi) payment to the Exchange Agent by book-entry of the aggregate amount of Closing Consideration Shares payable in exchange for Company Securities pursuant to this Agreement;
(vii) payment to the Escrow Agent by wire transfer of immediately available funds the General Indemnification Escrow Amount, the Special Indemnification Escrow Amount and the Purchase Price Adjustment Escrow Amount as set forth in Section 2.06;
(viii) evidence that any newly issued Closing Consideration Shares shall have been approved for listing on the New York Stock Exchange, subject to official notice of issuance thereof;
(ix) a certificate, dated the Effective Date and signed by a duly authorized officer of Company, that each Seller of the conditions set forth in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;Section 7.03(a) and Section 7.03(b) have been satisfied.
Appears in 1 contract
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative shall deliver deliver, or cause to Holdings be delivered, to Buyer the following:
(i) all stock certificates held a ▇▇▇▇ of sale, assignment and assumption agreement in the form of Exhibit A hereto (the “▇▇▇▇ of Sale, Assignment and Assumption Agreement”) and duly executed by Seller transferring the Sellers representing Purchased Assets to Buyer and effecting the Shares, assignment to and assumption by Buyer of the extent such Shares are certificated at Purchased Assets and the time of ClosingAssumed Liabilities;
(ii) a certificate, dated license agreement in the Closing Date and signed form of Exhibit B hereto (the “License Agreement”) duly executed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) have been satisfiedSeller;
(iii) a support agreement in the form of Exhibit C hereto (the “Support Agreement”) duly executed by Seller;
(iv) a certificate pursuant to Treasury Regulations Section 1.1445-2(b) (the “FIRPTA Certificate”) that Seller is not a foreign person within the meaning of Section 1445 of the Code duly executed by Seller;
(v) a certificate of the Secretary or Assistant Secretary (or equivalent officer) of the Target Company certifying Seller certifying: (i) that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board board of directors of Seller authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
; and (ivii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company Seller authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated such other customary instruments of transfer, assumption, filings or documents, in Section 2.6form and substance reasonably satisfactory to Buyer, as may be required to give effect to this Agreement;
(vii) executed counterparts of all approvals, consents and waivers that are listed on Section 4.03 of the FIRPTA StatementDisclosure Schedules and have been received by Seller, or to the extent any such consents have not been received by Seller, written confirmation from Buyer that such consent will not be required for Closing;
(viii) counterparts to those agreements or amendments to agreements set forth in Section 3.02(viii) of the Disclosure Schedules executed by the parties set forth in Section 3.02(viii) of the Disclosure Schedules; and
(viiiix) written authorization and confirmation from any Person holding an Encumbrance with respect to the Purchased Assets that, once any applicable payment is made as outlined in sufficient detail therein, any and all Encumbrances held by such other documents or instruments as Holdings Person on the Purchased Assets shall be terminated, and the appropriate filings may be made on such Person’s behalf to evidence the termination of such Encumbrances; each in a form that is reasonably requests and are reasonably necessary acceptable to consummate the transactions contemplated by this AgreementBuyer.
(b) At the Closing, Holdings Buyer shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each the Purchase Price, less the Holdback amount and the Wunderman Payment (the “Closing Payment”), by wire transfer of immediately available funds to the Promissory Notes made payable bank account specified in writing by Seller no less than five (5) Business Days prior to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsClosing Date;
(ii) stock certificates representing the portion ▇▇▇▇ of Holdings Equity allocated Sale, Assignment and Assumption Agreement duly executed by Buyer;
(iii) the License Agreement duly executed by Buyer;
(iv) the Support Agreement duly executed by Buyer; and
(v) a certificate of the Secretary or Assistant Secretary (or equivalent officer) of Buyer certifying: (i) that attached thereto are true and complete copies of all resolutions adopted by the board of directors of Buyer authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby; and (ii) the names and signatures of the officers of Buyer authorized to each Seller in accordance with such Seller’s Pro Rata Sharesign this Agreement, as shown in the Consideration Spreadsheet;Ancillary Documents and the other documents to be delivered hereunder and thereunder.
Appears in 1 contract
Sources: Asset Purchase Agreement (Smith Micro Software, Inc.)
Closing Deliverables. The parties shall deliver the following to each other at or prior to the Closing, unless waived in writing or deemed waived as a result of a party participating in the Closing hereunder without receipt of a Closing item below.
(a) At or prior to the Closing, Sellers and the Seller Representative Company shall deliver or cause to Holdings be delivered to Buyer the following:
(i) all stock certificates held evidencing the shares of Company Common Stock, free and clear of all Encumbrances, duly endorsed in blank or accompanied by stock powers or other instruments of transfer duly executed in blank, with all required stock transfer tax stamps affixed thereto;
(ii) resignations of the directors and officers of the Company and each Company Subsidiary pursuant to Section 6.06;
(iii) a certificate, dated the Closing Date and signed by a duly authorized officer of Company, that each of the conditions set forth in Section 8.02(a) and Section 8.02(b) have been satisfied;
(iv) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Company certifying that attached thereto are true and complete copies of all resolutions adopted by the Sellers representing Company’s Board of Directors authorizing the Sharesexecution, delivery and performance of this Agreement and the Ancillary Documents (to the extent the Company is party thereto) and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(v) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Company certifying the names and signatures of the officers of the Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(vi) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Company and each Company Subsidiary is organized;
(vii) at least one Business Day prior to the Closing, the Company Closing Working Capital Certificate;
(viii) payoff letters, in forms reasonably satisfactory to Buyer with respect to the payoff amounts as of the Closing Date for the Indebtedness identified on Section 2.03(a)(viii) of the Company Disclosure Schedule, and releases of any Liens granted in connection with such Indebtedness held by third parties, indicating that upon payment of a specified amount (subject to per diem increase, if applicable), such holder shall release its Liens and other security interests in, and agree to execute or authorize the execution of Uniform Commercial Code termination statements necessary to release of record its Liens and other security interest in, the assets, properties and securities of the Company and its Company Subsidiaries;
(ix) confirmation signed by each holder of Tracking Shares as to the dollar amount of the Closing Consideration payable to each such holder pursuant to the terms of the Tracking Shares and the Tracking Stock Plan, together with a release of all claims in form satisfactory to Buyer;
(x) the Ancillary Documents, duly executed by the parties other than the Buyer thereto, together with evidence of completion of the COBRASource Spin Off;
(xi) confirmation signed by each Stockholder as to the dollar amount of the Closing Consideration payable to each such Stockholder, together with a release of all claims (other than as to enforcement of rights under this Agreement and each Ancillary Document) by each Seller in form satisfactory to Buyer;
(xii) evidence satisfactory to Buyer of termination of the Stockholder Agreement;
(xiii) a written agreement with NOVAtime Technology, Inc. in form and substance satisfactory to Buyer relating to post-Closing transition arrangements;
(xiv) a written agreement with ▇▇▇▇▇▇ Software Corp. in form and substance satisfactory to Buyer relating to post-Closing transition arrangements; and
(xv) such other documents or instruments as Buyer reasonably requests and are certificated at reasonably necessary to consummate the time transactions contemplated by this Agreement.
(b) At the Closing, Buyer shall deliver or cause to be delivered to the Stockholder Representative, for the benefit of Closing;the Sellers, the following:
(i) the Closing Consideration, payable as follows: (A) an amount in cash equal to the Closing Consideration by wire transfer of immediately available funds to an account designated in writing by the Stockholder Representative to Buyer no later than two (2) Business Days prior to the Closing Date; and (B) the Promissory Note.
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target CompanyBuyer, that each of the conditions set forth in Section 8.2(a8.03(a) and Section 8.2(b8.03(b) have been satisfied;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company Buyer certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board Buyer authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents (to the extent the Buyer is party thereto) and the consummation of the transactions contemplated hereby and thereby, and (b) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company Buyer certifying the names and signatures of the officers of the Target Company Buyer authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of Ancillary Documents, duly executed by the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA StatementBuyer; and
(viiivi) such other documents or instruments as Holdings the Company reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 1 contract
Closing Deliverables. (a) At On or prior to the ClosingClosing Date, the Purchaser shall have delivered to Seller Representative shall deliver to Holdings all of the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(iia) a certificatecertificate from Purchaser in a form reasonably satisfactory to Seller, dated the Closing Date Date, stating that the preconditions specified in Sections 8.1 and signed by a duly authorized officer of the Target Company, that each of the conditions set forth in Section 8.2(a) and Section 8.2(b) 8.2 have been satisfied;
(iiib) a certificate copies of resolutions, certified by the Secretary of Purchaser, of the Secretary (or equivalent officer) stockholders of the Target Company certifying that (a) attached thereto are true Purchaser and complete copies of all resolutions adopted by the Target Company Board authorizing the executionPurchaser's board of directors, delivery and performance of approving this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyby this Agreement;
(ivc) a certificate certificates of the Secretary (or equivalent officer) of State of the Target Company certifying the names State of Delaware and signatures of the officers of the Target Company authorized all other states where Purchaser is qualified to sign this Agreementdo business providing that Purchaser is in good standing, the Ancillary Documents and the other documents except where any failure to be delivered hereunder and thereunderso qualified to do business, individually or in the aggregate, would not give rise to a Material Adverse Effect;
(vd) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority copy of the jurisdiction under certificate of incorporation and bylaws or equivalent governing documents of Purchaser certified by the Laws appropriate authority in the jurisdiction(s) in which the Target Company is such entity was incorporated or organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viiie) such other documents or instruments as Holdings Seller may reasonably requests and are reasonably necessary request to consummate effect the transactions contemplated by this Agreement.hereby;
(bf) At an executed copy of an opinion from Purchaser's outside counsel, Ropes & ▇▇▇▇, in the Closing, Holdings form of Exhibit H hereto;
(g) an executed counterpart of an assumption agreement between the applicable Acquired Company and Seller pursuant to which such Acquired Company shall deliver to assume certain obligations of Seller Representative (or such other Person as that are referenced on Exhibit I attached hereto. Any condition specified in this Section 8 may be specified herein) the following:
(i) each of the Promissory Notes made payable to each waived by Seller and in the principal amounts its sole discretion; provided, however that no such waiver shall be effective unless it is set forth in the Consideration Spreadsheet, duly a writing executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;.
Appears in 1 contract
Sources: Stock Purchase Agreement (Edgewater Technology Inc/De/)
Closing Deliverables. Subject to the terms and conditions set forth in this Agreement, the Parties shall consummate the following transactions with respect to the Closing:
(a) On the Closing Date, NWS and Merger LLC shall cause the Merger Filings to be duly executed and filed in accordance with the Michigan Act and the Delaware Act.
(b) At or prior to the Closing, the Seller Representative NWS shall deliver or cause to Holdings be delivered to Tyler the following:
(i) all stock certificates held the Escrow Agreement, duly executed by the Sellers representing Shareholders’ Representative and the Shares, to the extent such Shares are certificated at the time of ClosingEscrow Agent;
(ii) the Lock-up Agreement duly executed by the Principal Shareholder and certain Shareholders that are Affiliates of the Principal Shareholder;
(iii) the Registration Rights Agreement duly executed by the Principal Shareholder;
(iv) the Voting and Standstill Agreement duly executed by the Principal Shareholder and certain Shareholders that are Affiliates of the Principal Shareholder;
(v) a certificatecertificate of the Chief Executive Officer, the Chief Financial Officer, or an Executive Vice President of NWS dated as of the Closing Date certifying, in form and signed by a duly authorized officer of the Target Companysubstance reasonably satisfactory to Tyler, that each of the conditions set forth in Section 8.2(a) Sections 9.1(c), 9.2(a)(ii), 9.2(b)(ii), and Section 8.2(b9.2(c) have been satisfiedmet;
(iiivi) a certificate of the Secretary (or equivalent officer) of NWS dated as of the Target Company Closing Date, certifying (A) that attached thereto is a true and correct copy of NWS’s By-laws, (aB) that attached thereto are true and complete copies of (1) all resolutions adopted by of the Target Company Board board of directors of NWS authorizing and approving the Merger, the execution, delivery delivery, and performance of this Agreement and the Ancillary Documents Documents, and the consummation of the transactions contemplated hereby and therebythereby and (2) all resolutions of the Shareholders authorizing and approving the Merger and adopting this Agreement, and (b) that in each case such resolutions are in full force and effect and are all the resolutions adopted by the board of directors of NWS and the Shareholders, respectively, in connection with the transactions contemplated hereby hereby, and thereby;
(ivC) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company NWS authorized to sign this Agreement, the Ancillary Documents Documents, and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6hereunder;
(vii) a legal existence or good standing certificate for NWS from the Corporations Division of the Department of Licensing and Regulatory Affairs of the State of Michigan, as of a date within five Business Days immediately preceding the Closing Date;
(viii) certificates of qualification of NWS as a foreign entity from the Secretary of State (or comparable Governmental Authority) of each state, as of a date within five Business Days immediately preceding the Closing Date, set forth on Schedule 5.1(b);
(ix) all minute books of NWS delivered to the location designated by Tyler for such delivery;
(x) the FIRPTA StatementStatement duly executed by NWS;
(xi) accurate and complete copies of all Third Party (including Governmental Authorities) consents, approvals, and notices described on Schedule 5.4(a), or waivers thereof (in each case, other than those that NWS is not required to deliver, as set forth on Schedule 5.4(a)), in form and substance reasonably acceptable to Tyler;
(xii) a legal opinion of ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇ LLP, counsel for NWS and the Principal Shareholder, dated as of the Closing Date and in a form reasonably acceptable to Tyler; and
(viiixiii) such any other documents document, certificate, or instruments as Holdings instrument reasonably requests and are requested by Tyler that is reasonably necessary to consummate the transactions contemplated by this Agreement.
(bc) At or prior to the Closing, Holdings Tyler shall deliver or cause to Seller Representative (or such other Person as may be specified herein) delivered the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration SpreadsheetEscrow Agreement, duly executed by HoldingsTyler and the Escrow Agent;
(ii) stock certificates representing the portion Registration Rights Agreement duly executed by Tyler;
(iii) the Voting and Standstill Agreement duly executed by Tyler;
(iv) a certificate of Holdings Equity allocated the Secretary of Tyler dated as of the Closing Date certifying that the conditions set forth in Section 9.3 have been met;
(v) a certificate of the Secretary of Tyler dated as of the Closing Date, certifying (A) that attached thereto are true and complete copies of all resolutions of the board of directors of Tyler and by Tyler as the sole member of Merger LLC authorizing and approving the Merger, the execution, delivery, and performance of this Agreement and the Ancillary Documents, and the consummation of the transactions contemplated hereby and thereby, and that such resolutions are in full force and effect and are all the resolutions adopted by the board of directors of Tyler and by Tyler as the sole member of Merger LLC in connection with the transactions contemplated hereby, and (B) the names and signatures of the officers of Tyler authorized to sign this Agreement, the Ancillary Documents, and the other documents to be delivered hereunder;
(vi) a legal existence or good standing certificate for each Seller of Tyler and Merger LLC from the Secretary of State of the State of Delaware, as of a date within five Business Days immediately preceding the Closing Date;
(vii) a legal opinion of ▇▇▇▇▇ ▇▇▇▇▇▇ Mandala, LLP, counsel for the Tyler Entities, dated as of the Closing Date and in a form reasonably acceptable to NWS; and
(viii) any other document, certificate, or instrument reasonably requested by NWS that is reasonably necessary to consummate the transactions contemplated by this Agreement.
(d) At the Closing, in accordance with such Seller’s Pro Rata ShareSection 3.2, as shown Tyler shall pay or issue the Closing Cash Consideration and Closing Stock Consideration and deposit the Escrow Amount in the Consideration Spreadsheet;Escrow Account.
Appears in 1 contract
Closing Deliverables. (a) At On or prior to the ClosingClosing Date, the Seller Representative Issuer shall deliver or cause to Holdings be delivered to each Purchaser, the following:
(i) all stock certificates held this Agreement duly executed by the Sellers representing the Shares, to the extent such Shares are certificated at the time of ClosingIssuer;
(ii) a certificatecopy of the Issuer’s irrevocable instructions to Computershare Trust Company, dated N.A. (or any successor transfer agent for the Closing Date and signed Issuer, the “Transfer Agent” ) instructing the Transfer Agent to (A) if physical certificates are required by a duly authorized officer Purchaser, deliver, on an expedited basis, one or more stock certificates or (B) if physical certificates are not required by a Purchaser, make a book-entry record through the facilities of the Target CompanyDTC, that in each case free and clear of the conditions all restrictive and other legends (except as expressly provided herein) and evidencing such number of Purchased Shares set forth for such Purchaser on Schedule 1, registered in Section 8.2(a) and Section 8.2(b) have been satisfiedthe name of such Purchaser;
(iii) a certificate duly executed Irrevocable Transfer Agent Instructions, in the form of Exhibit A, (the Secretary (or equivalent officer“Transfer Agent Instructions”) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted executed by the Target Company Board authorizing Issuer and delivered to and acknowledged in writing by the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyTransfer Agent;
(iv) a certificate from the Issuer’s Secretary or Assistant Secretary having attached thereto (A) the Certificate of Incorporation of the Secretary (or equivalent officer) Issuer as in effect at the time of the Target Company certifying Closing, (B) the names and signatures Issuer’s Bylaws as in effect at the time of the officers Closing, (C) resolutions approved by the Board of Directors authorizing the Target Company authorized transactions contemplated hereby, and (D) good standing certificates or their jurisdictional equivalents (including tax good standing) with respect to sign this Agreementthe Issuer and each Significant Subsidiary (as defined below) from the applicable authorities in Delaware, the Ancillary Documents Texas and the other documents to be delivered hereunder and thereunder;Alaska; and
(v) a good standing certificate (the Issuer shall have provided each Purchaser with the Issuer’s wire instructions, on Issuer letterhead and executed by the Chief Executive Officer or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this AgreementChief Financial Officer.
(b) At On or prior to the ClosingClosing Date, Holdings each Purchaser shall deliver or cause to Seller Representative (or such other Person as may be specified herein) delivered to the Issuer, the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, this Agreement duly executed by Holdingssuch Purchaser;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown an Investor Certification substantially in the Consideration Spreadsheet;form of Exhibit B (the “Investor Certification”) completed and executed by such Purchaser; and
(iii) payment of the Purchase Price for the Purchased Shares that such Purchaser is purchasing by wire transfer of immediately available funds to an account of the Issuer designated in writing by the Issuer to such Purchaser at least one (1) business day prior to the Closing.
Appears in 1 contract
Closing Deliverables. (a) At or prior Subject to the Closing, the Seller Representative shall deliver to Holdings the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target Company, that each satisfaction of the conditions set forth in this Section 8.2(a3 (or the waiver thereof by the party entitled to waive that condition), the closing of the sale and purchase of the Sold Assets provided for in Section 1 (the “Closing”) shall take place on the date as mutually agreed by the Sellers and the Purchaser, virtually or at a location to be mutually agreed by the Sellers and the Purchaser; provided, however, that Closing shall occur, unless otherwise mutually agreed by the Sellers and the Purchaser, on the later to occur of (i) date of this Agreement and (ii) within three (3) business days (in New York) after all conditions contained in this Section 8.2(b3 have occurred (except for any conditions that by their nature shall occur at the Closing). The date on which the Closing shall be held is referred to in this Agreement as the “Closing Date.”
(b) The obligation of the Purchaser to consummate the transactions contemplated by this Agreement is subject to the fulfilment, on or prior to the Closing Date, of each of the following conditions (any or all of which may be waived by the Purchaser in whole or in part to the extent permitted by applicable law):
(i) all representations and warranties of the Sellers contained herein qualified as to materiality shall be true and correct, and the representations and warranties of the Sellers contained herein not qualified as to materiality shall be true and correct in all material respects, at and as of the Closing Date with the same effect as though those representations and warranties had been made again at and as of that time;
(ii) the Sellers shall have been satisfiedperformed and complied in all material respects with all obligations and covenants required by this Agreement to be performed or complied with by them on or prior to the Closing Date;
(iii) a certificate if the Closing Date is not the date of this Agreement, the Purchaser shall have been furnished with certificates (dated the Closing Date and in form and substance reasonably satisfactory to the Purchaser) executed by the Sellers certifying as to the fulfillment of the Secretary conditions specified in Sections 3(b)(i) and 3(b)(ii);
(iv) original Closing Transfer Documents (or equivalent officerinstruments) transferring the Sold Assets to the Purchaser in the amounts set forth in Schedule A, shall have been, or shall at the Closing be, validly delivered and transferred to the Purchaser, free and clear of any and all Liens;
(v) no judicial, administrative or arbitral actions, suits, proceedings (public or private), claims or governmental proceedings (“Legal Proceeding”) shall have been instituted or threatened, or claim or demand made, against the Sellers, the Company, or the Purchaser seeking to restrain or prohibit or to obtain substantial damages with respect to the consummation of the transactions contemplated hereby, and there shall not be in effect any order, injunction, judgment, decree, ruling, writ, assessment or arbitration award (“Orders”) by any government or governmental or regulatory body thereof, or political subdivision thereof, whether federal, state, local or foreign, or any administration, agency, department, instrumentality or authority, including Nasdaq and any flag state, or any court or arbitrator (public or private) or any other similar dispute-resolving panel or body (“Governmental Body”) of competent jurisdiction restraining, enjoining or otherwise prohibiting the consummation of the transactions contemplated hereby;
(vi) Eurobulk Ltd, a Liberian corporation (the “Manager”), shall have waived any termination right or additional two-year payment that may be applicable pursuant to clause 18 or 31 (or both) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by ship management agreement relating to each Vessel due to the Target Company Board authorizing the execution, delivery and performance execution of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all including the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate sale of the Secretary (or equivalent officer) of Sold Assets to the Target Company certifying Purchaser), in form and substance reasonably acceptable to the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6Purchaser;
(vii) the FIRPTA StatementCompany and the Manager shall have entered into an amendment to the master management agreement dated January 8, 2025 (the “MMA”) between such parties to reflect (i) that the “Subsidiaries” contained in such MMA shall be only the subsidiaries as of the date of the agreement, and no future subsidiaries or vessels of the Company or its Group shall be so included and (ii) that such MMA may be terminated by either party upon 90 days’ written notice; andand (iii) that Eurochart S.A. is not required to be the exclusive agent in respect of chartering and purchase and sale transactions; For the avoidance of doubt even if the MMA is terminated the ship management agreements with the Manager for each of the Vessels will continue to be in force with a duration no longer linked with the duration of the MMA, until the sale of the relevant Vessel or until otherwise terminated pursuant to the other terms thereto;
(viii) such other documents or instruments written resignation of each of A▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ (a Class B director) and D▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (a Class A director), as Holdings reasonably requests directors of the Company, resigning as of the date hereof;
(ix) resolutions of the board of directors of the Company, (i) appointing as of the date hereof two individuals to the satisfaction of the Purchaser to fill the vacancies caused by the resignations referenced in Section 3(b)(viii), one as a Class B director and are reasonably necessary to consummate one as a Class A director, and (ii) approving the transactions contemplated by this Agreement.
, specifically referencing that the Purchaser is an approved “Interested Shareholder” (b) At the Closing, Holdings shall deliver to Seller Representative (or as such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and term is used in the principal amounts set forth Company’s Amended and Restated Articles of Incorporation) and accordingly, the Purchaser and its Affiliates are not prohibited from entering into any “Business Combination” (as such term is used in the Consideration Spreadsheet, duly executed by HoldingsCompany’s Amended and Restated Articles of Incorporation) with the Company in the future at any time without shareholder consent;
(iix) stock certificates representing a continuing directors and officers insurance policy covering the portion new directors of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration SpreadsheetCompany after the Closing;
(xi) no Material Adverse Effect has occurred and is continuing.
Appears in 1 contract
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Venaxis shall deliver to Holdings Subscriber the following:
(i) all stock certificates held by a Secretary's Certificate, dated as of the Sellers representing Closing Date, certifying attached copies of (A) Venaxis' charter documents, (B) resolutions of Venaxis' board approving this Agreement and the Shares, to transactions contemplated hereby and (C) the extent such Shares are certificated at the time incumbency of Closingeach authorized officer signing this Agreement;
(ii) a certificate, dated as of the Closing Date and Date, signed by a duly authorized officer of the Target CompanyVenaxis, that each of the conditions set forth in Section 8.2(a7.02(b) and Section 8.2(b7.02(c) have been satisfied;
(iii) a certificate of the Secretary (or equivalent officer) of the Target Company certifying that (a) attached thereto are true and complete copies of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Registration Rights Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated duly executed by this AgreementVenaxis.
(b) At the Closing, Holdings Venaxis shall irrevocably authorize its transfer agent to deliver the Venaxis Shares to Subscriber by electronic book entry and provide a copy of such authorization to Subscriber.
(c) At the Closing, Subscriber shall deliver to Seller Representative (or such other Person as may be specified herein) Venaxis the following:
(i) each of subject to Section 2.03, the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by HoldingsSubscription Price;
(ii) stock certificates representing [a Certificate of a duly authorized officer or manager of Subscriber or the portion general partner of Holdings Equity allocated Subscriber, dated as of the Closing Date, certifying attached copies of the incumbency of each authorized officer signing this Agreement];
(iii) a certificate, dated as of the Closing Date, signed by [a duly authorized officer or manager of] Subscriber or the general partner of Subscriber, that each of the conditions set forth in Section 7.03(b) and Section 7.03(c) have been satisfied;
(iv) [At the Closing, Subscriber shall submit the duly executed [ODI Documentation] [OR] [LRS Documentation] to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;[his/her/its] authorized dealer bank]; and
(v) a Registration Rights Agreement duly executed by Subscriber.
Appears in 1 contract
Sources: Investment Agreement (Venaxis, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Target shall deliver to Holdings Parent the following:
(i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii) a certificate, dated the Closing Date and signed by a duly authorized officer of the Target CompanyTarget, that each of the conditions set forth in Section 8.2(a7.02(a) and Section 8.2(b7.02(b) have been satisfied;
(iiiii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Target Company certifying that (aA) attached thereto are true and complete copies of (1) all resolutions adopted by the board of directors of the Target Company Board authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and therebythereby and (2) resolutions of the Target Shareholders approving the Merger and adopting this Agreement, and (bB) all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iv) a certificate of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder;
(viii) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viiiiv) such other documents or instruments as Holdings Parent reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At the Closing, Holdings Parent shall deliver to Seller Representative the Target (or Target Shareholders or such other Person as may be specified herein) the following:
(i) each unanimous Written Consent of Parent’s Board of Directors authorizing and executing the issuance of the Promissory Notes made payable Closing Merger Consideration to each Seller and in Target Shareholders, as the principal amounts set forth in same will be recorded on the Consideration Spreadsheet, duly executed by Holdings;records of the Parent; and
(ii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of Parent and Merger Sub certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of Parent and Merger Sub authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;
(iii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of Parent and Merger Sub certifying the names and signatures of the officers of Parent and Merger Sub authorized to sign this Agreement, the Ancillary Documents, and the other documents to be delivered hereunder and thereunder;
(iv) a copy of the Series G Certificate of Designation as filed with the Secretary of State of the State of Nevada;
(v) stock certificates (or book entry) for each of the Target Shareholders representing the portion of Holdings Equity allocated Merger Consideration (Parent Series G Preferred Stock);
(vi) such other documents or instruments as the Target reasonably requests and are reasonably necessary to each Seller in accordance with such Seller’s Pro Rata Share, as shown in consummate the Consideration Spreadsheet;transactions contemplated by this Agreement.
Appears in 1 contract
Sources: Merger Agreement (Cruzani, Inc.)
Closing Deliverables. (ai) At or prior to the Closing, the Seller Representative Ionis shall deliver to Holdings the following:
Biogen: (i) all stock certificates held by the Sellers representing the Shares, to the extent such Shares are certificated at the time of Closing;
(ii1) a certificate, dated duly executed cross-receipt in form and substance reasonably satisfactory to each party (the Closing Date “Cross-Receipt”); (2) a certificate in form and signed substance reasonably satisfactory to Biogen and duly executed on behalf of Ionis by a duly an authorized officer of the Target CompanyIonis, certifying that each of the conditions to Closing set forth in Section 8.2(a) and Section 8.2(b) 7.2 of this Agreement have been satisfied;
fulfilled; and (iii3) a certificate of the Secretary (or equivalent officer) secretary of Ionis dated as of the Target Company Closing Date certifying that (a) attached thereto are is a true and complete copies copy of all resolutions adopted by the Target Company Board board of directors of Ionis authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents Collaboration Agreement and the consummation of the transactions contemplated hereby respectively therein and thereby, and (b) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;as of the Closing Date.
(ivii) At the closing, Biogen will deliver to Ionis: (1) a duly-executed Cross-Receipt; (2) a certificate in form and substance reasonably satisfactory to Ionis and duly executed on behalf of Biogen by an authorized officer of Biogen, certifying that the conditions to Closing set forth in Section 7.1 of this Agreement have been fulfilled; and (3) a certificate of the Secretary (or equivalent officer) secretary of Biogen dated as of the Target Company Closing Date certifying that attached thereto is a true and complete copy of all resolutions adopted by the names board of directors of Biogen authorizing the execution, delivery and signatures performance of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents Agreement and the other documents to be delivered hereunder Collaboration Agreement and thereunder;
(v) a good standing certificate (or its equivalent) from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Target Company is organized;
(vi) the Consideration Spreadsheet contemplated in Section 2.6;
(vii) the FIRPTA Statement; and
(viii) such other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement.
(b) At respectively therein and that all such resolutions are in full force and effect and are all the Closing, Holdings shall deliver to Seller Representative (or such other Person resolutions adopted in connection with the transactions contemplated hereby as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;Closing Date.
Appears in 1 contract
Sources: Stock Purchase Agreement
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Buyer shall deliver or cause to Holdings be delivered to Sellers (or the followingEscrow Agent as applicable) the following amounts, documents, or instruments, which shall be in form and substance reasonably satisfactory to Seller:
(i) all stock certificates held by A certificate from the Sellers representing corporate Secretary (or similar officer) of Buyer dated as of the Shares, to Closing Date and certifying that correct and complete copies of the extent such Shares are certificated at resolutions of the time board of Closingdirectors approving this Agreement and the Transactions;
(ii) a certificate, A certificate from the corporate Secretary (or similar officer) of Buyer dated as of the Closing Date and signed certifying that the conditions specified in Section 3.4(a) and Section 3.4(b) have been satisfied, which certificate shall be deemed to be a representation and warranty made by a Buyer to Sellers on the Closing Date for the purpose of inducing Sellers to consummate the Transactions and with knowledge that Sellers are relying on such certificate in determining to consummate the Transactions;
(iii) The Pay-Off Documents;
(iv) The original share certificates for the SGSI Closing Shares, together with duly authorized officer executed stock powers in favor of the Target respective Sellers; and
(v) Such other instruments, certificates, consents or other documents as are reasonably necessary to carry out the Transactions and to comply with the terms hereof, or as required pursuant to the terms of this Agreement.
(b) Sellers shall deliver or cause to be delivered to Buyer the following documents or instruments, which shall be in form and substance reasonably satisfactory to Buyer:
(i) Certificates with respect to the Company, issued by the Secretary of State of New York and all other states or jurisdictions in which the Company is qualified to do business, as of a date no more than ten (10) days prior to the Closing Date, stating that each the Company is in good standing under the Laws of such state or jurisdiction;
(ii) A certificate from the corporate Secretary (or similar officer) of the Company dated as of the Closing Date and certifying: (A) that correct and complete copies of the Charter and the Bylaws (or the equivalent organizational document) of the Company are attached thereto; (B) that correct and complete copies of the resolutions of the board of directors approving this Agreement and the Transactions are attached thereto; and (C) that the conditions set forth in Section 8.2(a) and Section 8.2(b) have 3.4 has been satisfied;
(iii) a A certificate dated as of the Secretary (or equivalent officer) of the Target Company Closing Date and signed by Sellers certifying that (athe conditions specified in Section 3.2(b) attached thereto are true and complete copies Section 3.2(c) have been satisfied, which certificate shall be deemed to be a representation and warranty made by Sellers to Buyer on the Closing Date for the purpose of all resolutions adopted by inducing Buyer to consummate the Target Company Board authorizing Transactions and with knowledge that Buyer is relying on such certificate in determining to consummate the execution, delivery and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyTransactions;
(iv) a certificate The original share certificates for the Wavetech Shares, together with duly executed stock powers in favor of the Secretary (or equivalent officer) of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderBuyer;
(v) a good standing certificate (or its equivalent) from the secretary Written resignations of state or similar Governmental Authority each of the jurisdiction under directors and (from their corporate officerships) officers of the Laws in which the Target Company is organizedCompany;
(vi) The Company shall have executed and delivered to Buyer all materials and documentation required to provide Buyer (and those representatives of Buyer designated by Buyer, as applicable), effective at the Consideration Spreadsheet contemplated time of the Closing, the power and authority to access, manage, direct and control, and sign documentation on behalf of, all accounts of the Company, including: (i) replacement signature cards and documentation; (ii) all account names, passwords and portal access; (iii) evidence of appropriate authority; and (iv) any other documentation and materials required in Section 2.6respect of such accounts. Without limiting the foregoing, the Company shall also remove, effective at the time of the Closing, the authority and access of those persons with authority and access to such accounts prior to the Closing, to the extent so requested by Buyer;
(vii) Evidence of payment in full of: (A) the FIRPTA StatementExecutive Closing Bonuses to the applicable employees of the Company; and (B) all Taxes due and payable by the Company with respect to the Executive Closing Bonuses (including the employer portion of payments due under the Federal Insurance Contributions Act and Medicare Taxes); and
(viii) such Such other instruments, certificates, consents or other documents or instruments as Holdings reasonably requests and are reasonably necessary to consummate carry out the transactions contemplated by Transactions and to comply with the terms hereof, or as required pursuant to the terms of this Agreement.
(b) At the Closing, Holdings shall deliver to Seller Representative (or such other Person as may be specified herein) the following:
(i) each of the Promissory Notes made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdings;
(ii) stock certificates representing the portion of Holdings Equity allocated to each Seller in accordance with such Seller’s Pro Rata Share, as shown in the Consideration Spreadsheet;
Appears in 1 contract
Sources: Share Purchase Agreement (Spectrum Global Solutions, Inc.)
Closing Deliverables. (a) At or prior to the Closing, the Seller Representative Company shall deliver or cause to Holdings be delivered to the followingPurchaser:
(i) all stock certificates held copies of the Escrow Agreement and any other Transaction Documents to which the Company is a party that are to be entered into at Closing, duly executed by the Sellers representing Company, the SharesStockholder Representative, to the extent such Shares are certificated at Paying Agent and the time of ClosingEscrow Agent as applicable;
(ii) a an officer’s certificate, dated as of the Closing Date and signed Date, duly executed by a duly an authorized officer of the Target Company, stating that each of the conditions to the Closing set forth in Section 8.2(aSections 6.2(a), (b) and Section 8.2(b(e) have been satisfied;
(iii) a certificate secretary’s certificate, dated as of the Closing Date, duly executed by the Secretary (or equivalent officer) of the Target Company certifying that Company, attesting to: (aA) attached thereto are true the incumbent officers of the Company; and complete copies (B) resolutions of all resolutions adopted by the Target Company Board authorizing the execution, delivery and performance of this Agreement Directors and the Ancillary Documents Company Stockholder Consent approving the Merger and the consummation of the transactions contemplated hereby and thereby, and (b) such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and therebyother Transactions;
(iv) a certificate good standing certificates for the state of organization of the Secretary (or equivalent officer) Company and each of the Target Company certifying the names and signatures of the officers of the Target Company authorized to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunderSubsidiaries;
(v) a good standing certificate (or its equivalent) from written resignations effective as of the secretary Closing Date of state all officers and members of the Boards of Directors or similar Governmental Authority governing body (as applicable) of the jurisdiction under Company and each of the Laws in which the Target Company is organizedSubsidiaries;
(vi) the Consideration Spreadsheet contemplated Certificate of Merger in Section 2.6the form required by the DGCL, duly executed by the Company;
(vii) the FIRPTA Estimated Closing Balance Sheet and the Preliminary NWC Statement, each certified by the Chief Financial Officer of the Company;
(viii) an affidavit, under penalties of perjury, stating that the Company is not and has not been a United States real property holding corporation, dated as of the Closing Date and in form and substance required under Treasury Regulation § 1.897-2(h) so that the Purchaser is exempt from withholding any portion of the Merger Consideration under Section 1445 of the Code;
(ix) a termination agreement, in the form attached hereto as Exhibit F, under which the Stockholders Agreement (as defined in the Company’s bylaws) shall have been terminated without any continuing liability or obligation of the Company, duly executed by the Company and the requisite Company Stockholders thereunder;
(x) stockholder release agreements, each in the form attached hereto as Exhibit G, duly executed by each of the Company Stockholders listed on Schedule 2.7(a)(x);
(xi) the Stockholder Representative Agreement signed by at least each of the Company Stockholders identified on Schedule 2.7(a)(xi) and the Stockholder Representative; and
(viiixii) such other documents a Registration Rights Agreement in the form of Exhibit H (the “Registration Rights Agreement”) signed by each Company Stockholder making a Stock Election;
(xiii) evidence reasonably satisfactory to the Purchaser of termination of each of the Swap Contracts, effective as of the Closing;
(xiv) evidence reasonably satisfactory to the Purchaser of termination and cancellation of all Company Options that have been terminated on or instruments as Holdings prior to the Closing;
(xv) evidence reasonably requests satisfactory to the Purchaser of termination and are reasonably necessary cancellation of all Company Warrants that have been terminated on or prior to consummate the transactions contemplated by this AgreementClosing; and
(xvi) any additional items required to be delivered at Closing under Section 6.2.
(b) At the Closing, Holdings the Purchaser shall deliver or cause to Seller Representative (or such other Person as may be specified herein) delivered to the followingCompany:
(i) evidence reasonably satisfactory to the Company of each of the Promissory Notes payments described in Section 2.6(c) and Section 2.6(d) having been made payable to each Seller and in the principal amounts set forth in the Consideration Spreadsheet, duly executed by Holdingsas provided therein;
(ii) stock certificates representing the portion Escrow Agreement, the Registration Rights Agreement and any other Transaction Documents to which the Purchaser is a party that are to be entered into at Closing, duly executed by the Purchaser;
(iii) an officer’s certificate, dated as of Holdings Equity allocated the Closing Date, duly executed by an authorized officer of the Purchaser, stating that the conditions to each Seller the Closing set forth in accordance with such SellerSections 6.1(a) and (b) have been satisfied;
(iv) a secretary’s Pro Rata Sharecertificate, dated as shown in of the Consideration Spreadsheet;Closing Date, duly executed by the Secretary of the Purchaser, attesting to: (A) the incumbent officers of the Purchaser and Merger Sub; and (B) resolutions of the Board of Directors or similar governing body of the Purchaser and Merger Sub and the stockholders of Merger Sub and, if required under its Organizational Documents or any other Contract to which it is a party, the Purchaser, approving the Merger and the other Transactions; and
(v) any additional items required to be delivered at Closing under Section 6.1.
Appears in 1 contract
Sources: Merger Agreement (Earthlink Inc)