FR EA

Contract analysis

Clause-by-clause risk read on any document of the firm. Pick a contract, or open any document from a matter.

Contract analysis / cross-receipt-draft.docx
cross-receipt-draft.docx
1015-00001 · 5 clauses
High · 0 Medium · 1 Standard · 4
Section 1 — Receipt by the Representative (on Behalf of the Underwriters) Standard
⚑ Commercial term
Section 1 — Receipt by the Representative (on Behalf of the Underwriters) 1.1 Acknowledgment of Delivery of Shares The Representative, on behalf of itself and the several Underwriters listed in Schedule I to the Underwriting Agreement (and as set forth on Schedule I hereto), hereby acknowledges receipt from the Company and the Selling Stockholder of [23,713,636] Firm Shares of Common Stock, par value $0.01 per share,
Section 2 — Receipt by the Company Standard
⚑ Commercial term
Section 2 — Receipt by the Company 2.1 Acknowledgment of Receipt of Purchase Price (Company Portion) The Company hereby acknowledges receipt from the Representative, on behalf of the several Underwriters, of the aggregate purchase price for the Company Shares in the amount of $[____] (representing [16,895,455] Company Shares at a Purchase Price of $[20.79] per share), less any applicable withholding or deductions, if
Section 3 — Receipt by the Selling Stockholder Standard
⚑ Commercial term
Section 3 — Receipt by the Selling Stockholder 3.1 Acknowledgment of Receipt of Purchase Price (Selling Stockholder Portion) The Selling Stockholder hereby acknowledges receipt from the Representative, on behalf of the several Underwriters, of the aggregate purchase price for the Selling Stockholder Shares in the amount of $[____] (representing [6,818,182] Selling Stockholder Shares at a Purchase Price of $[20.79] pe
Section 4 — Overallotment Option Shares Standard
⚑ Commercial term
Section 4 — Overallotment Option Shares This Cross-Receipt relates solely to the Firm Shares and does not cover the Option Shares. In the event that the Underwriters exercise the Overallotment Option granted pursuant to Section [2(c)] of the Underwriting Agreement to purchase up to [3,559,091] additional shares of Common Stock (in whole or in part), a supplemental cross-receipt in substantially the same form as this
Section 5 — General Provisions Medium
⚑ Forum / governing law
Section 5 — General Provisions 5.1 Date and Time of Delivery The closing of the purchase and sale of the Firm Shares (the "Closing") is taking place at [10:00 a.m.], New York City time, on [●], 2022 (the "Closing Date"), at the offices of Calderwood & Harkness LLP, 599 Lexington Avenue, New York, New York 10022, or at such other location as the parties hereto may mutually agree in writing, or remotely by the exchange