Presentation of Potential Target Businesses. The Company shall cause the Company’s officers, directors and Initial Stockholders to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Company’s officers, directors and Initial Stockholders will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire an operating business, until the earlier of (i) the consummation by the Company of a Business Combination, (ii) fifteen (15) months from the Effective Date (subject to extension, as described in the Prospectus) or (iii) the liquidation of the Company, subject to any pre-existing fiduciary or contractual obligations the Initial Stockholders might have.
Appears in 2 contracts
Sources: Underwriting Agreement (Globalink Investment Inc.), Underwriting Agreement (Globalink Investment Inc.)
Presentation of Potential Target Businesses. The Company shall cause the Company’s officers, directors and Initial Stockholders to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Company’s officers, directors and Initial Stockholders will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire an operating business, until the earlier of (i) the consummation by the Company of a Business Combination, (ii) fifteen twelve (1512) months from the Effective Date (subject to extensionextenion, as described in the Prospectus) or (iii) the liquidation of the Company, subject to any pre-existing fiduciary or contractual obligations the Initial Stockholders might have.
Appears in 2 contracts
Sources: Underwriting Agreement (International Media Acquisition Corp.), Underwriting Agreement (International Media Acquisition Corp.)