Common use of Business Combination Vote Clause in Contracts

Business Combination Vote. The Sponsor and each Insider agrees that if the Company seeks stockholder approval of a proposed Business Combination, then in connection with such proposed Business Combination, it, he or she shall (i) vote any shares of Common Stock (as defined below) owned by it, him or her in favor of any proposed Business Combination and (ii) not redeem any shares of Common Stock owned by it, him or her in connection with such stockholder approval. If the Company seeks to consummate a proposed Business Combination by engaging in a tender offer, the Sponsor and each Insider agrees that it, he or she will not sell or tender any shares of Common Stock owned by it, him or her in connection therewith.

Appears in 6 contracts

Samples: Letter Agreement (Tishman Speyer Innovation Corp. II), Letter Agreement (RXR Acquisition Corp.), Letter Agreement (Tishman Speyer Innovation Corp. II)

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