Common use of PIPE Conditions Clause in Contracts

PIPE Conditions. The conditions contained in the Subscription Agreements to the obligations of the parties thereto to consummate the Private Placement shall have been satisfied or waived in accordance with the Subscription Agreements (other than those conditions that by their nature are to be satisfied at, or contemporaneously with, the Closing or the Effective Time). The condition set forth in Section 3(b)(i) of the Subscription Agreements shall have been satisfied or waived in accordance with the Subscription Agreements, assuming that the Subscription Closing (as defined therein) occurred at the Closing and the satisfaction or waiver of the closing condition set forth in Section 8.02(a).

Appears in 2 contracts

Sources: Business Combination Agreement (BTRS Holdings Inc.), Business Combination Agreement (South Mountain Merger Corp.)