Common use of Acquisition of Shares by Third Party Clause in Contracts

Acquisition of Shares by Third Party. Other than an affiliate of Itiquira Partners I, a Cayman Islands exempted company (the “Sponsor”), any Person (as defined below) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the appointment of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares entitled to vote generally in the appointment of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 11 contracts

Samples: Indemnity Agreement (Itiquira Acquisition Corp.), Indemnity Agreement (Itiquira Acquisition Corp.), Indemnity Agreement (Itiquira Acquisition Corp.)

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Acquisition of Shares by Third Party. Other than an affiliate of Itiquira Partners IPearl Holdings Sponsor LLC, a Cayman Islands exempted limited liability company (the “Sponsor”), any Person (as defined below) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the appointment election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares entitled to vote generally in the appointment election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iiic) of this definition;

Appears in 9 contracts

Samples: Indemnity Agreement (Pearl Holdings Acquisition Corp), Indemnity Agreement (Pearl Holdings Acquisition Corp), Indemnity Agreement (Pearl Holdings Acquisition Corp)

Acquisition of Shares by Third Party. Other than an affiliate of Itiquira Partners ITekkorp JEMB LLC, a Cayman Islands exempted limited liability company (the “Sponsor”), any Person (as defined below) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the appointment election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares entitled to vote generally in the appointment election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iiic) of this definition;

Appears in 9 contracts

Samples: Indemnity Agreement (Tekkorp Digital Acquisition Corp.), Indemnity Agreement (Tekkorp Digital Acquisition Corp.), Indemnity Agreement (Tekkorp Digital Acquisition Corp.)

Acquisition of Shares by Third Party. Other than an affiliate of Itiquira Partners Sculptor Acquisition Sponsor I, a limited liability company registered in the Cayman Islands exempted company (the “Sponsor”)) or any of its affiliates, any Person (as defined below) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the appointment of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the appointment of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 2 contracts

Samples: Indemnity Agreement (Sculptor Acquisition Corp I), Indemnity Agreement (Sculptor Acquisition Corp I)

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Acquisition of Shares by Third Party. Other than an affiliate of Itiquira Partners ICEMAC Sponsor LP, a Cayman Islands exempted company limited partnership (the “Sponsor”), any Person (as defined below) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the appointment election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares entitled to vote generally in the appointment election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 1 contract

Samples: Form of Indemnity Agreement (Capitalworks Emerging Markets Acquisition Corp)

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