Common use of Class B Shares Clause in Contracts

Class B Shares. In consideration of the Purchaser’s agreement to purchase Forward Purchase Units, the Sponsor shall transfer to the Purchaser the number of Class B Shares set forth in Schedule A to this Agreement next to the line item “Class B Shares Transfer Amount,” which shall be calculated in accordance with the definition of Class B Shares Transfer Amount set forth in Schedule A to this Agreement. The Class B Shares received by the Purchaser hereunder are subject to forfeiture in accordance with Section 5(b) hereof. The transfer of the Class B Shares (the “Class B Share Transfer”) to the Purchaser shall take place concurrently with the execution of this Agreement.

Appears in 4 contracts

Samples: Forward Purchase Agreement (Summit Healthcare Acquisition Corp.), Forward Purchase Agreement (Summit Healthcare Acquisition Corp.), Forward Purchase Agreement (Summit Healthcare Acquisition Corp.)

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Class B Shares. In consideration of the Purchaser’s agreement to purchase Forward Purchase Units, the Sponsor shall transfer to the Purchaser the number of Class B Shares set forth in Schedule A on the signature page to this Agreement next to the line item “Class B Shares Transfer Amount,” which shall be calculated in accordance with the definition of Class B Shares Transfer Amount set forth in Schedule A on the signature page to this Agreement. The Class B Shares received by the Purchaser hereunder are subject to forfeiture in accordance with Section 5(b) hereof. The transfer of the Class B Shares (the “Class B Share Transfer”) to the Purchaser shall take place concurrently with the execution of this Agreement.

Appears in 4 contracts

Samples: Forward Purchase Agreement (Artisan Acquisition Corp.), Forward Purchase Agreement (Artisan Acquisition Corp.), Forward Purchase Agreement (Artisan Acquisition Corp.)

Class B Shares. In consideration of the Purchaser’s agreement to purchase Forward Purchase Units, the Sponsor shall transfer to the Purchaser the number of Class B Shares set forth in Schedule A to this Agreement next to the line item “Class B Shares Transfer Amount,.which shall be calculated in accordance with the definition of Class B Shares Transfer Amount set forth in Schedule A to this Agreement. The Class B Shares received by the Purchaser hereunder are subject to forfeiture in accordance with Section 5(b6(b) hereof. The transfer of the Class B Shares (the “Class B Share Transfer”) to the Purchaser shall take place concurrently with the execution of this Agreement.

Appears in 4 contracts

Samples: Forward Purchase Agreement (Gateway Strategic Acquisition Co.), Forward Purchase Agreement (Gateway Strategic Acquisition Co.), Forward Purchase Agreement (Gateway Strategic Acquisition Co.)

Class B Shares. In consideration of the Purchaser’s agreement to purchase Forward Purchase Units, the Sponsor shall transfer to the Purchaser the number of Class B Shares set forth in Schedule A on the signature page to this Agreement next to the line item “Class B Shares Transfer Amount,” which shall be calculated in accordance with the definition of Class B Shares Transfer Amount set forth in Schedule A on the signature page to this Agreement. The Class B Shares received by the Purchaser hereunder are subject to forfeiture in accordance with Section 5(b6(b) hereof. The transfer of the Class B Shares (the “Class B Share Transfer”) to the Purchaser shall take place concurrently with the execution of this Agreement.

Appears in 4 contracts

Samples: Forward Purchase Agreement (Lanvin Group Holdings LTD), Forward Purchase Agreement (Primavera Capital Acquisition Corp.), Forward Purchase Agreement (Primavera Capital Acquisition Corp.)

Class B Shares. In consideration of the Purchaser’s agreement to purchase Forward Purchase Units, the Sponsor shall transfer to the Purchaser the number of Class B Shares set forth in Schedule A on the signature page to this Agreement next to the line item “Class B Shares Transfer Amount,.which shall be calculated in accordance with the definition of Class B Shares Transfer Amount set forth in Schedule A to this Agreement. The Class B Shares received by the Purchaser hereunder are subject to forfeiture in accordance with Section 5(b6(b) hereof. The transfer of the Class B Shares (the “Class B Share Transfer”) to the Purchaser shall take place concurrently with the execution of this Agreement.

Appears in 2 contracts

Samples: Forward Purchase Agreement (Generation Asia I Acquisition LTD), Forward Purchase Agreement (Generation Asia I Acquisition LTD)

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Class B Shares. In consideration of the Purchaser’s agreement to purchase Forward Purchase Units, the Sponsor shall transfer to the Purchaser the number of Class B Shares set forth in Schedule A on the signature page to this Agreement next to the line item “Class B Shares Transfer Amount,” which shall be calculated in accordance with the definition of Class B Shares Transfer Amount set forth in Schedule A to this Agreement. The Class B Shares received by the Purchaser hereunder are subject to forfeiture in accordance with Section 5(b6(a) hereof. The transfer of the Class B Shares (the “Class B Share Transfer”) to the Purchaser shall take place concurrently with the execution closing of this Agreementthe IPO.

Appears in 1 contract

Samples: Forward Purchase Agreement (Provident Acquisition Corp.)

Class B Shares. In consideration of the Purchaser’s agreement to purchase Forward Purchase UnitsSecurities, the Sponsor shall transfer to the Purchaser the number of Class B Shares set forth in Schedule A on the signature page to this Agreement next to the line item “Class B Shares Transfer Amount,” which shall be calculated in accordance with the definition of Class B Shares Transfer Amount set forth in Schedule A on the signature page to this Agreement. The Class B Shares received by the Purchaser hereunder are subject to forfeiture in accordance with Section 5(b6(b) hereof. The transfer of the Class B Shares (the “Class B Share Transfer”) to the Purchaser shall take place concurrently with the execution of this Agreement.

Appears in 1 contract

Samples: Forward Purchase Agreement (New Frontier Corp)

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