Common use of Assignment of Economic Interest Clause in Contracts

Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.2. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 24 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (BlueRiver Acquisition Corp.), Non Redemption Agreement and Assignment of Economic Interest (BlueRiver Acquisition Corp.), Non Redemption Agreement and Assignment of Economic Interest (ShoulderUP Technology Acquisition Corp.)

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Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.21.3. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 6 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (Maquia Capital Acquisition Corp), Non Redemption Agreement and Assignment of Economic Interest (Maquia Capital Acquisition Corp), Non Redemption Agreement and Assignment of Economic Interest (Inception Growth Acquisition LTD)

Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.2. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC LP Agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 3 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (Swiftmerge Acquisition Corp.), Non Redemption Agreement and Assignment of Economic Interest (Swiftmerge Acquisition Corp.), Non Redemption Agreement and Assignment of Economic Interest (Spree Acquisition Corp. 1 LTD)

Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.2. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor DHC pursuant to the Sponsor LLC Agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 2 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (DHC Acquisition Corp.), Non Redemption Agreement and Assignment of Economic Interest (DHC Acquisition Corp.)

Assignment of Economic Interest. 2.1. 2.1 Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.21.3. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 2 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (Inception Growth Acquisition LTD), Non Redemption Agreement and Assignment of Economic Interest (Inception Growth Acquisition LTD)

Assignment of Economic Interest. 2.1. 2.1 Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.2. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 2 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (Atlantic Coastal Acquisition Corp. II), Non Redemption Agreement and Assignment of Economic Interest (Atlantic Coastal Acquisition Corp.)

Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.2. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor Cactus pursuant to the Sponsor LLC Partnership Agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 2 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (Cactus Acquisition Corp. 1 LTD), Non Redemption Agreement and Assignment of Economic Interest (Cactus Acquisition Corp. 1 LTD)

Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.2. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 2 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (Banyan Acquisition Corp), Non Redemption Agreement and Assignment of Economic Interest (Banyan Acquisition Corp)

Assignment of Economic Interest. 2.1. 2.1 Upon satisfaction of the conditions set forth in Section 1.11.1.1 and Section 1.1.2, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.2. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 1 contract

Samples: Non Redemption Agreement and Assignment of Economic Interest (10X Capital Venture Acquisition Corp. III)

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Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.2. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement (the “Sponsor LLC Agreement”) allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 1 contract

Samples: Non Redemption Agreement and Assignment of Economic Interest (Global Partner Acquisition Corp II)

Assignment of Economic Interest. 2.1. Upon 2.1 Immediately upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.21.3. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 1 contract

Samples: Non Redemption Agreement (Home Plate Acquisition Corp)

Assignment of Economic Interest. 2.1. Upon Immediately upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.21.3. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 1 contract

Samples: Form of Non Redemption Agreement (Berenson Acquisition Corp. I)

Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.11.1 and Section 1.2, the Sponsor hereby assigns to Investor all of its economic right, title and interest in and to that number of the Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.2. The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement allocated to that number of the Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 1 contract

Samples: Non Redemption Agreement and Assignment of Economic Interest (EVe Mobility Acquisition Corp)

Assignment of Economic Interest. 2.1. (a) Upon satisfaction of the conditions set forth in Section 1.11, the Sponsor hereby assigns to Investor Stockholder all of its economic right, title and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”), subject to adjustment as set forth in Section 2.23(b). The Economic Interest represents the Sponsor’s right to receive dividends and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement Sponsor’s limited liability company agreement allocated to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 1 contract

Samples: Registration Rights Agreement (Healthwell Acquisition Corp. I)

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