the Liquidation Sample Clauses

the Liquidation. The Company will issue non-interest bearing, unsecured promissory notes for an aggregate amount of $1,125,000 (and up to an additional $168,750 if the underwriters’ over-allotment option is exercised in full) to the Sponsor (the “Overfunding Loans”) for the purpose of overfunding the Trust Account.

the Liquidation. Prior to the Stock Purchase, Seller shall take the actions set forth in Section 5.2 as well as all other actions within its control that may be necessary or advisable in order to cause the Liquidation to occur as soon as reasonably practicable following the Stock Purchase. Immediately following the Closing (as defined in Section 1.4), Seller shall (a) appoint a liquidator to distribute Seller’s assets and (b) instruct the liquidator to distribute the shares of Xcyte Common Stock to the Seller’s shareholders. As soon as reasonably possible following the Stock Purchase, Seller shall consummate the Liquidation.

the Liquidation. The Company hereby confirms its agreement with the several Underwriters concerning the purchase and sale of the Units, as follows:

the Liquidation. The Company issued a non-interest bearing, unsecured promissory note for an aggregate amount of $300,000 to the Sponsor in substantially the form filed as Exhibit 10.6 to the Registration Statement (the “Promissory Note”). The Promissory Note will be payable on the earlier to occur of December 31, 2021 and the Closing Date.

the Liquidation of a Material Subsidiary followed by a Distribution of proceeds of such Liquidation to the Investors and/or (if appropriate as determined by the Board) their Qualified Transferees;

the Liquidation. Committee shall conduct a thorough examination of the JV Company's assets and liabilities, on the basis of which it shall develop a liquidation plan which, if approved by the Board, shall be executed under the Liquidation Committee's supervision.

the Liquidation. Immediately following the Grede Merger Effective Time, Grede Holdings shall effectuate the Liquidation. As part of the Liquidation, the holders of Class A units of Grede Holdings shall receive from Grede Holdings any assets to which they are entitled pursuant to the Liquidation.

the Liquidation. Committee shall be established within 15 days after the commencement of liquidation proceedings and shall comprise 6 members, 3 of whom shall be nominated by Party A and 3 of whom shall be nominated by Party B. After nomination by the Board, 1 of the members appointed by Party A shall be the Chairman, and 1 of the members appointed by Party B shall be the vice-Chairman, of the Liquidation Committee. The Board shall report the establishment of the Liquidation Committee to the Shanghai AIC. Members of the Liquidation Committee shall be Directors or relevant professionals retained by the Board. Any resolution by the Liquidation Committee shall be passed on a simple majority basis. Either Party may, at its own cost, also appoint professional advisors, including accountants and lawyers qualified either in the PRC or abroad, to assist the Liquidation Committee.

the Liquidation. Committee shall appoint a chairperson and vice-chairperson (who shall be appointees of different Parties if the Liquidation Committee is appointed pursuant to Article 22.3).