Common use of The Merger Closing Clause in Contracts

The Merger Closing. Section 2.1. The Merger 17 Section 2.2. Effects of the Merger 17 Section 2.3. Closing; Effective Time 17 Section 2.4. Closing Deliverables 18 Section 2.5. Governing Documents 19 Section 2.6. Directors and Officers 19 Section 2.7. Tax Free Reorganization Matters 20 Section 2.8. Allocation Schedule 20 Section 3.1. Conversion of Securities 21 Section 3.2. Exchange Procedures 21 Section 3.3. Treatment of Company Options and Restricted Stock Awards 23 Section 3.4. Assumed Warrants 23 Section 3.5. Withholding 23 Section 3.6. Dissenting Shares 24 Section 4.1. Company Organization 24 Section 4.2. Subsidiaries 24 Section 4.3. Due Authorization 25 Section 4.4. No Conflict 25 Section 4.5. Governmental Authorities; Consents 26 Section 4.6. Capitalization of the Company 26 Section 4.7. Capitalization of Subsidiaries 27 Section 4.8. Financial Statements 28 Section 4.9. Undisclosed Liabilities 29 Section 4.10. Litigation and Proceedings 29 Section 4.11. Legal Compliance 29 Section 4.12. Contracts; No Defaults 29 Section 4.13. Company Benefit Plans 32 Section 4.14. Labor Relations; Employees 34 Section 4.15. Taxes 35 Section 4.16. Brokers’ Fees 36 Section 4.17. Insurance 36 Section 4.18. Licenses 37 Section 4.19. Equipment and Other Tangible Property 37 Section 4.20. Real Property 37 Section 4.21. Intellectual Property 38 Section 4.22. Privacy and Cybersecurity 40 Section 4.23. Environmental Matters 41 Section 4.24. Absence of Changes 41 Section 4.25. Anti-Corruption Compliance 42 Section 4.26. Sanctions and International Trade Compliance 42 Section 4.27. Information Supplied 42 Section 4.28. Vendors 43 Section 4.29. Customers 43 Section 4.30. Government Contracts 43 Section 4.31. No Additional Representation or Warranties 43 Section 5.1. Company Organization 43 Section 5.2. No Substantial Government Ownership Interest 44 Section 5.3. Due Authorization 44 Section 5.4. No Conflict 45 Section 5.5. Litigation and Proceedings 45 Section 5.6. SEC Filings 45 Section 5.7. Internal Controls; Listing; Financial Statements 45 Section 5.8. Governmental Authorities; Consents 46 Section 5.9. Trust Account 47 Section 5.10. Investment Company Act; JOBS Act 47 Section 5.11. Absence of Changes 47 Section 5.12. No Undisclosed Liabilities 47 Section 5.13. Capitalization of Acquiror 48 Section 5.14. Brokers’ Fees 49 Section 5.15. Indebtedness 49 Section 5.16. Taxes 49 Section 5.17. Business Activities 50 Section 5.18. Stock Market Quotation 51 Section 5.19. Proxy Statement / Registration Statement 51 Section 5.20. No Outside Reliance 51 Section 5.21. No Additional Representation or Warranties 52 Section 6.1. Conduct of Business 52 Section 6.2. Inspection 55 Section 6.3. Preparation and Delivery of Additional Company Financial Statements 56 Section 6.4. Affiliate Agreements 57 Section 7.1. Employee Matters 57 Section 7.2. Trust Account Proceeds and Related Available Equity 58 Section 7.3. Listing 58 Section 7.4. Acquiror Warrants 58 Section 7.5. Acquiror Conduct of Business 58 Section 7.6. Post-Closing Directors and Officers of Acquiror 60 Section 7.7. Domestication 60 Section 7.8. Indemnification and Insurance 60 Section 7.9. Acquiror SEC Filings 61 Section 7.10. PIPE Subscriptions 61 Section 7.11. Stockholder Litigation 62

The Merger Closing. Section 2.1. The Merger 17 20 Section 2.2. Effects of the Merger 17 20 Section 2.3. Closing; Effective Time 17 21 Section 2.4. Closing Deliverables 18 21 Section 2.5. Governing Documents 19 22 Section 2.6. Directors and Officers 19 23 Section 2.7. Tax Free Reorganization Matters 20 23 Section 2.8. Allocation Schedule 20 Closing Statements 23 Section 3.1. Reclassification and Conversion of Securities 21 25 Section 3.2. Exchange Procedures 21 26 Section 3.3. Treatment of Company Options and Restricted Stock Awards 23 27 Section 3.4. Assumed Warrants 23 Withholding 28 Section 3.5. Withholding 23 Section 3.6. Dissenting Shares 24 28 Section 4.1. Company Organization 24 29 Section 4.2. Subsidiaries 24 29 Section 4.3. Due Authorization 25 30 Section 4.4. No Conflict 25 30 Section 4.5. Governmental Authorities; Consents 26 31 Section 4.6. Capitalization of the Company 26 31 Section 4.7. Capitalization of Subsidiaries 27 32 Section 4.8. Financial Statements 28 33 Section 4.9. Undisclosed Liabilities 29 33 Section 4.10. Litigation and Proceedings 29 33 Section 4.11. Legal Compliance 29 34 Section 4.12. Contracts; No Defaults 29 34 Section 4.13. Company Benefit Plans 32 36 Section 4.14. Labor Relations; Employees 34 38 Section 4.15. Taxes 35 39 Section 4.16. Brokers’ Fees 36 40 Section 4.17. Insurance 36 40 Section 4.18. Licenses 37 41 Section 4.19. Equipment and Other Tangible Property 37 41 Section 4.20. Real Property 37 41 Section 4.21. Intellectual Property 38 42 Section 4.22. Privacy and Cybersecurity 40 43 Section 4.23. Environmental Matters 41 44 Section 4.24. Absence of Changes 41 44 Section 4.25. Anti-Corruption Compliance 42 45 Section 4.26. Sanctions and International Trade Compliance 42 45 Section 4.27. Information Supplied 42 45 Section 4.28. Vendors 43 Section 4.29. Customers 43 Section 4.30. Government Contracts 43 Section 4.31. No Additional Representation or Warranties 43 Section 5.1. Company Organization 43 Section 5.2. No Substantial Government Ownership Interest 44 Section 5.3. Due Authorization 44 Section 5.4. No Conflict 45 Section 5.5. Litigation and Proceedings 45 Section 5.6. SEC Filings 45 Section 5.7. Internal Controls; Listing; Financial Statements 45 Section 5.8. Governmental Authorities; Consents 46 Section 5.9. Trust Account 47 Section 5.10. Investment Company Act; JOBS Act 47 Section 5.11. Absence of Changes 47 Section 5.12. No Undisclosed Liabilities 47 Section 5.13. Capitalization of Acquiror 48 Section 5.14. Brokers’ Fees 49 Section 5.15. Indebtedness 49 Section 5.16. Taxes 49 Section 5.17. Business Activities 50 Section 5.18. Stock Market Quotation 51 Section 5.19. Proxy Statement / Registration Statement 51 Section 5.20. No Outside Reliance 51 Section 5.21. No Additional Representation or Warranties 52 Section 6.1. Conduct of Business 52 Section 6.2. Inspection 55 Section 6.3. Preparation and Delivery of Additional Company Financial Statements 56 Section 6.4. Affiliate Agreements 57 Section 7.1. Employee Matters 57 Section 7.2. Trust Account Proceeds and Related Available Equity 58 Section 7.3. Listing 58 Section 7.4. Acquiror Warrants 58 Section 7.5. Acquiror Conduct of Business 58 Section 7.6. Post-Closing Directors and Officers of Acquiror 60 Section 7.7. Domestication 60 Section 7.8. Indemnification and Insurance 60 Section 7.9. Acquiror SEC Filings 61 Section 7.10. PIPE Subscriptions 61 Section 7.11. Stockholder Litigation 6246

The Merger Closing. Section 2.1The Merger. The Merger 17 16 Section 2.2. Effects of the Merger 17 16 Section 2.3. Closing; Effective Time 17 Time. 16 Section 2.4. Closing Deliverables 18 Deliverables. 17 Section 2.5. Governing Documents 19 18 Section 2.6. Directors and Officers 19 18 Section 2.7. Tax Free Reorganization Matters 20 Section 2.8. Allocation Schedule 20 18 Section 3.1. Conversion of Securities 21 Securities. 19 Section 3.2. Exchange Procedures 21 Procedures. 19 Section 3.3. Treatment of Company Options and Company Restricted Stock Awards 23 Stock. 20 Section 3.4. Assumed Warrants 23 Withholding 21 Section 3.5. Withholding 23 Section 3.6. Dissenting Shares 24 21 Section 4.1. Company Organization 24 22 Section 4.2. Subsidiaries 24 22 Section 4.3. Due Authorization 25 22 Section 4.4. No Conflict 25 23 Section 4.5. Governmental Authorities; Consents 26 23 Section 4.6. Capitalization of the Company 26 Company. 23 Section 4.7. Capitalization of Subsidiaries 27 Subsidiaries. 24 Section 4.8. Financial Statements 28 25 Section 4.9. Undisclosed Liabilities 29 26 Section 4.10. Litigation and Proceedings 29 26 Section 4.11. Legal Compliance 29 Compliance. 26 Section 4.12. Contracts; No Defaults 29 Defaults. 26 Section 4.13. Company Benefit Plans 32 Plans. 28 Section 4.14. Labor Relations; Employees 34 Employees. 30 Section 4.15. Taxes 35 31 Section 4.16. Brokers’ Fees 36 32 Section 4.17. Insurance 36 33 Section 4.18. Licenses 37 33 Section 4.19. Equipment and Other Tangible Property 37 33 Section 4.20. Real Property 37 Property. 33 Section 4.21. Intellectual Property 38 Property. 34 Section 4.22. Privacy and Cybersecurity 40 Cybersecurity. 35 Section 4.23. Environmental Matters 41 36 Section 4.24. Absence of Changes 41 36 Section 4.25. Anti-Corruption Compliance 42 Compliance. 37 Section 4.26. Sanctions and International Trade Compliance 42 Compliance. 37 Section 4.27. Information Supplied 42 37 Section 4.28. Vendors 43 Customers and Suppliers. 37 Section 4.29. Customers 43 Government Contracts 38 Section 4.30. Government Contracts 43 Sufficiency of Assets 38 Section 4.31. No Additional Representation or Warranties 43 38 Section 5.1. Company Organization 43 38 Section 5.2. No Substantial Government Ownership Interest 44 Due Authorization. 39 Section 5.3. Due Authorization 44 No Conflict 39 Section 5.4. No Conflict 45 Section 5.5. Litigation and Proceedings 45 40 Section 5.65.5. SEC Filings 45 40 Section 5.75.6. Internal Controls; Listing; Financial Statements 45 Statements. 40 Section 5.85.7. Governmental Authorities; Consents 46 41 Section 5.95.8. Trust Account 47 41 Section 5.105.9. Investment Company Act; JOBS Act 47 42 Section 5.115.10. Absence of Changes 47 42 Section 5.125.11. No Undisclosed Liabilities 47 42 Section 5.135.12. Capitalization of Acquiror 48 Acquiror. 42 Section 5.145.13. Brokers’ Fees 49 44 Section 5.14. Indebtedness 44 Section 5.15. Indebtedness 49 Taxes. 44 Section 5.16. Taxes 49 Business Activities. 45 Section 5.17. Business Activities 50 NYSE Stock Market Quotation 46 Section 5.18. Stock Market Quotation 51 Registration Statement, Proxy Statement and Proxy Statement/Registration Statement 46 Section 5.19. Proxy Statement / Registration Statement 51 Section 5.20. No Outside Reliance 51 46 Section 5.215.20. No Additional Representation or Warranties 52 47 Section 6.1. Conduct of Business 52 47 Section 6.2. Inspection 55 50 Section 6.3. Preparation and Delivery of Additional Company Financial Statements 56 Statements. 50 Section 6.4. Affiliate Agreements 57 51 Section 6.5. Acquisition Proposals 51 Section 7.1. Employee Matters 57 52 Section 7.2. Trust Account Proceeds and Related Available Equity 58 52 Section 7.3. NYSE Listing 58 52 Section 7.4. No Solicitation by Acquiror Warrants 58 53 Section 7.5. Acquiror Conduct of Business 58 53 Section 7.6. Post-Closing Directors and Officers of Acquiror 60 54 Section 7.7. Domestication 60 54 Section 7.8. Indemnification and Insurance 60 55 Section 7.9. Acquiror SEC Public Filings 61 56 Section 7.10. PIPE Subscriptions 61 56 Section 7.11. Stockholder Litigation 6256 Section 8.1. HSR Act; Other Filings. 56 Section 8.2. Preparation of Proxy Statement/Registration Statement; Shareholders’ Meeting and Approvals. 57 Section 8.3. Support of Transaction 60 Section 8.4. Tax Matters 60 Section 8.5. Section 16 Matters 60 Section 8.6. Cooperation; Consultation 61