Conversion Restriction. Notwithstanding anything contained herein to the contrary, for so long as the Class A Ordinary Shares is an equity security as defined in Rule 13d-1(i) promulgated pursuant to the Exchange Act, (i) the Company shall not effect any conversion of any Class B Ordinary Shares held by Purchaser for Class A Ordinary Shares, and (ii) Purchaser shall not have the right to exercise any portion of the Class B Ordinary Shares for shares of Class A Ordinary Shares, in each case of clause (i) and (ii), until consummation of the Business Combination.
Appears in 6 contracts
Sources: Subscription Agreement (NMP Acquisition Corp.), Subscription Agreement (NMP Acquisition Corp.), Subscription Agreement (NMP Acquisition Corp.)