Examples of Working Capital Units in a sentence
The Conversion Units shall constitute Working Capital Units under the Registration Rights Agreement.
For the avoidance of doubt, in the event that all principal on this Note has been paid in full on or prior to the Maturity Date, then Payee shall not be entitled to convert any portion of this Note into Working Capital Units.
No fractional Working Capital Units shall be issued upon conversion of this Note.
The conversion shall be deemed to have been made immediately prior to the close of business on the date of the surrender of this Note and the person or persons entitled to receive the Working Capital Units upon such conversion shall be treated for all purposes as the record holder or holders of such Working Capital Units (and the underlying Ordinary Shares and Working Capital Warrants) as of such date.
Before this Note, or any portion thereof, may be converted pursuant to this Section 6(a), Payee shall surrender this Note, duly endorsed, at the office of Maker and shall state therein the amount of the unpaid principal of this Note to be converted and the name or names in which the certificates for Working Capital Units are to be issued (or the book-entries to be made to reflect ownership of such Working Capital Units with Maker’s transfer agent).