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 with respect to that number of Assigned Securities set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 11 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (SK Growth Opportunities Corp), Non Redemption Agreement and Assignment of Economic Interest (Crixus BH3 Acquisition Co), Non Redemption Agreement and Assignment of Economic Interest (Fusion Acquisition Corp. II)

AutoNDA by SimpleDocs

Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to the Investor all of its economic right, economic title and economic 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 with respect 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 (Battery Future Acquisition Corp.), Non Redemption Agreement and Assignment of Economic Interest (Battery Future Acquisition Corp.), Non Redemption Agreement and Assignment of Economic Interest (Compass Digital 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 rights to receive dividends and other distributions made with respect 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 (Andretti 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 with respect by the Sponsor pursuant to the Agreement of Limited Partner of the Sponsor (the “Sponsor 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 1 contract

Samples: Non Redemption Agreement and Assignment of Economic Interest (AXIOS Sustainable Growth Acquisition Corp)

Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to the 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 with respect 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 (Hennessy Capital Investment Corp. VI)

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 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 with respect by Sponsor pursuant to that number of the Sponsor LLC Agreement allocated to 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 (LAMF Global Ventures Corp. I)

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 opposite the name of such Investor 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 with respect 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 (Kensington Capital Acquisition Corp. V)

AutoNDA by SimpleDocs

Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to the Investor all of its economic right, economic title and economic 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 with respect 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 (Hennessy Capital Investment Corp. VI)

Assignment of Economic Interest. 2.1. Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns assign 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 ’ rights to receive dividends and other distributions made with respect 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 (Andretti 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 Founder Shares 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 with respect by the Sponsor allocated to that number of Assigned Securities Founder Shares set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

Appears in 1 contract

Samples: Non Redemption Agreement (PowerUp 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 with respect by the Sponsor 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 (PowerUp Acquisition Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.