Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 234

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 234
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 Agreement, including any actions required to be taken, or required not to be taken, pursuant to the terms of the Business Combination Agreement or otherwise taken at the specific prior written request of Black Spade II or omitted to be taken to the extent wholly attributable to Black Spade II unreasonably withholding its consent pursuant to Section 7.01 of the Business Combination Agreement; (vii) in and of itself, the failure of TGE and its subsidiaries, taken as a whole, to meet any projections, forecasts or budgets or estimates of revenues, earnings or other financial metrics for any period; provided that the foregoing shall not prevent a determination that any change or effect underlying such failure to meet projections, forecasts or budgets has resulted in or contributed to, or would reasonably be expected to result in or contribute to, an TGE Material Adverse Effect; or (viii) any matter set forth in TGE’s disclosure schedule which matter is reasonably apparent on its face as constituting an TGE Material Adverse Effect (disregarding this clause); 138 except in the case of the foregoing (i), (ii) and (iv), to the extent that any such effect, development, event, occurrence, fact, condition, circumstance or change has a disproportionate and adverse effect on the business, assets, results of operations or condition of TGE and its subsidiaries, taken as a whole, relative to other similarly situated participants in the industry in which TGE and its subsidiaries operate, but only to the extent of the incremental disproportionate effect on TGE and its subsidiaries, taken as a whole, relative to such similarly situated participants. Pursuant to the Business Combination Agreement, a material adverse effect with respect to Black Spade II (“Black Spade II Material Adverse Effect”) means any effect, development, event, occurrence, fact, condition, circumstance or change that, individually or in the aggregate, has had, or would reasonably be expected to have, a material adverse effect on the ability of Black Spade II to timely consummate the Closing (including the Business Combination) on the terms set forth under the Business Combination Agreement or to perform its agreements or covenants thereunder. No Survival None of the representations, warranties, covenants and agreements in the Business Combination Agreement or in any instrument, document or certificate delivered pursuant to the Business Combination Agreement, including any rights arising out of any breach of such representations, warranties, covenants, obligations shall survive the Closing, except for (a) those covenants and agreements contained therein which by their