Consent of the Parent. By executing this Amendment, the Parent (a) consents to the entrance into the PSA by G▇▇▇▇ Holdings, and all of the transactions contemplated thereby, and such consent constitutes a written consent as required by Section 6.3 of the Agreement, and (b) acknowledges and agrees to the effect of the PSA and all of the transactions contemplated thereby on the Indebtedness and consolidated cash on hand of the Target Companies, as referenced in Section 8.3(l) of the Agreement.
Appears in 2 contracts
Sources: Merger and Share Exchange Agreement (Glori Energy Inc.), Merger and Share Exchange Agreement (Infinity I-China Fund (Cayman) L.P.)
Consent of the Parent. By executing this Amendment, the Parent (a) consents to the entrance into the PSA by G▇▇▇▇▇ Holdings, and all of the transactions contemplated thereby, and such consent constitutes a written consent as required by Section 6.3 of the Agreement, and (b) acknowledges and agrees to the effect of the PSA and all of the transactions contemplated thereby on the Indebtedness and consolidated cash on hand of the Target Companies, as referenced in Section 8.3(l) of the Agreement.
Appears in 1 contract
Sources: Merger and Share Exchange Agreement (Infinity Cross Border Acquisition Corp)