Common use of Additional Purchase Clause in Contracts

Additional Purchase. At any time subsequent to the date of the consummation of the IPO (but in no event later than immediately prior to the Business Combination Closing), the Purchaser may, at its election, purchase up to an additional $50,000,000 of Forward Purchase Shares (5,000,000 Forward Purchase Shares) (the “Additional Purchase”). The Additional Purchase shall be effectuated, if at all and at the Purchaser’s election, in one or more private placements of Forward Purchase Shares. The closing of any such private placement shall occur as soon as practicable but no later than five (5) business days after the Purchaser shall have issued a notice (an “Additional Purchase Election Notice”) to the Company electing to consummate all or such portion of the Additional Purchase. Any Additional Purchase as set forth in this Section 1(a)(ii) shall be proportionately allocated to the Purchaser by multiplying the aggregate amount of such Additional Purchase by a fraction, (x) the numerator of which is the amount committed by that Purchaser for the purchase of Forward Purchase Shares as part of the Committed Purchase, and (y) the denominator of which is $150,000,000. The right to consummate the Additional Purchase as set forth in this Section 1(a)(ii) shall be transferable or assignable by the Purchaser to the extent set forth in Section 6. If a partial exercise occurs of the Additional Purchase amount, the remainder will continue to exist as a right of the Purchaser.

Appears in 2 contracts

Samples: Forward Purchase Agreement (SVF Investment Corp. 3), Forward Purchase Agreement (SVF Investment Corp. 3)

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Additional Purchase. At any time subsequent to the date of the consummation of the IPO (but in no event later than immediately prior to the Business Combination Closing), the Purchaser may, at its election, purchase up to an additional $50,000,000 of Forward Purchase Shares (5,000,000 Forward Purchase Shares) (the “Additional Purchase”). The Additional Purchase shall be effectuated, if at all and at the Purchaser’s election, in one or more private placements of Forward Purchase Shares. The closing of any such private placement shall occur as soon as practicable but no later than five (5) business days after the Purchaser shall have issued a notice (an “Additional Purchase Election Notice”) to the Company electing to consummate all or such portion of the Additional Purchase. Any Additional Purchase as set forth in this Section 1(a)(ii) shall be proportionately allocated to the Purchaser by multiplying the aggregate amount of such Additional Purchase by a fraction, (x) the numerator of which is the amount committed by that Purchaser for the purchase of Forward Purchase Shares as part of the Committed Purchase, and (y) the denominator of which is $150,000,000100,000,000. The right to consummate the Additional Purchase as set forth in this Section 1(a)(ii) shall be transferable or assignable by the Purchaser to the extent set forth in Section 6. If a partial exercise occurs of the Additional Purchase amount, the remainder will continue to exist as a right of the Purchaser.

Appears in 2 contracts

Samples: Forward Purchase Agreement (SVF Investment Corp. 2), Forward Purchase Agreement (SVF Investment Corp. 2)

Additional Purchase. At any time subsequent to the date of the consummation of the IPO (but in no event later than immediately prior to the Business Combination Closing), the Purchaser may, at its election, purchase up to an additional $50,000,000 of Forward Purchase Shares Units (5,000,000 Forward Purchase SharesUnits) (the “Additional Purchase”). The Additional Purchase shall be effectuated, if at all and at the Purchaser’s election, in one or more private placements of Forward Purchase SharesUnits. The closing of any such private placement shall occur as soon as practicable but no later than five (5) business days after the Purchaser shall have issued a notice (an “Additional Purchase Election Notice”) to the Company electing to consummate all or such portion of the Additional Purchase. Any Additional Purchase as set forth in this Section 1(a)(ii) shall be proportionately allocated to the Purchaser by multiplying the aggregate amount of such Additional Purchase by a fraction, (x) the numerator of which is the amount committed by that Purchaser for the purchase of Forward Purchase Shares Units as part of the Committed Purchase, and (y) the denominator of which is $150,000,000250,000,000. The right to consummate the Additional Purchase as set forth in this Section 1(a)(ii) shall be transferable or assignable by the Purchaser to the extent set forth in Section 6. If a partial exercise occurs of the Additional Purchase amount, the remainder will continue to exist as a right of the Purchaser.

Appears in 2 contracts

Samples: Forward Purchase Agreement (SVF Investment Corp.), Forward Purchase Agreement (SVF Investment Corp.)

Additional Purchase. At any time subsequent to the date of the consummation of the IPO (but in no event later than immediately prior to the Business Combination Closing), the Purchaser Purchasers may, at its their election, purchase up to an additional $50,000,000 2,000,000,000 of Forward Purchase Shares Units (5,000,000 100,000,000 Forward Purchase SharesUnits) (the “Additional Purchase”). The Additional Purchase shall be effectuated, if at all and at the Purchaser’s Purchasers’ election, in one or more private placements of Forward Purchase SharesUnits. The closing of any such private placement shall occur as soon as practicable but no later than five (5) three business days after the Purchaser Purchasers shall have issued a notice (an “Additional Purchase Election Notice”, and together with a Committed Purchase Election Notice, an “Election Notice”) to the Company electing to consummate all or such portion of the Additional Purchase. Any Additional Purchase as set forth in this Section 1(a)(ii) shall be proportionately allocated to among the Purchaser Purchasers by multiplying the aggregate amount of such Additional Purchase by a fraction, (x) the numerator of which is the amount committed by that gross assets under management of such Purchaser for the purchase of Forward Purchase Shares as part of the Committed last day of the month prior to such Additional Purchase, and (y) the denominator of which is $150,000,000the gross assets under management of the Purchasers in the aggregate as of the last day of the month prior to such Additional Purchase, adjusted in each case for future capital activity, including but not limited to anticipated redemptions, as deemed necessary. The right to consummate the Additional Purchase as set forth in this Section 1(a)(ii) shall be transferable or assignable by the Purchaser Purchasers to the extent set forth in Section 64(c). If a partial exercise occurs of the Additional Purchase amount, the remainder will continue to exist as a right of the PurchaserPurchasers.

Appears in 1 contract

Samples: Forward Purchase Agreement (Pershing Square Tontine Holdings, Ltd.)

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Additional Purchase. At any time subsequent to the date of the consummation of the IPO (but in no event later than immediately prior to the Business Combination Closing), the Purchaser may, at its election, purchase up to an additional $50,000,000 of Forward Purchase Shares Units (5,000,000 Forward Purchase SharesUnits) (the “Additional Purchase”). The Additional Purchase shall be effectuated, if at all and at the Purchaser’s election, in one or more private placements of Forward Purchase SharesUnits. The closing of any such private placement shall occur as soon as practicable but no later than five (5) business days after the Purchaser shall have issued a notice (an “Additional Purchase Election Notice”) to the Company electing to consummate all or such portion of the Additional Purchase. Any Additional Purchase as set forth in this Section 1(a)(ii) shall be proportionately allocated to the Purchaser by multiplying the aggregate amount of such Additional Purchase by a fraction, (x) the numerator of which is the amount committed by that Purchaser for the purchase of Forward Purchase Shares Units as part of the Committed Purchase, and (y) the denominator of which is $150,000,000. The right to consummate the Additional Purchase as set forth in this Section 1(a)(ii) shall be transferable or assignable by the Purchaser to the extent set forth in Section 6. If a partial exercise occurs of the Additional Purchase amount, the remainder will continue to exist as a right of the Purchaser.

Appears in 1 contract

Samples: Forward Purchase Agreement (SVF Investment Corp. 3)

Additional Purchase. At any time subsequent to the date of the consummation of the IPO (but in no event later than immediately prior to the Business Combination Closing), the Purchaser may, at its election, purchase up to an additional $50,000,000 of Forward Purchase Shares Units (5,000,000 Forward Purchase SharesUnits) (the “Additional Purchase”). The Additional Purchase shall be effectuated, if at all and at the Purchaser’s election, in one or more private placements of Forward Purchase SharesUnits. The closing of any such private placement shall occur as soon as practicable but no later than five (5) business days after the Purchaser shall have issued a notice (an “Additional Purchase Election Notice”) to the Company electing to consummate all or such portion of the Additional Purchase. Any Additional Purchase as set forth in this Section 1(a)(ii) shall be proportionately allocated to the Purchaser by multiplying the aggregate amount of such Additional Purchase by a fraction, (x) the numerator of which is the amount committed by that Purchaser for the purchase of Forward Purchase Shares Units as part of the Committed Purchase, and (y) the denominator of which is $150,000,000100,000,000. The right to consummate the Additional Purchase as set forth in this Section 1(a)(ii) shall be transferable or assignable by the Purchaser to the extent set forth in Section 6. If a partial exercise occurs of the Additional Purchase amount, the remainder will continue to exist as a right of the Purchaser.

Appears in 1 contract

Samples: Forward Purchase Agreement (SVF Investment Corp. 2)

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