Common use of Duration of Rights Clause in Contracts

Duration of Rights. If the Exchange Event does not occur within 12 months from the closing of the Public Offering (or up to 21 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 17 contracts

Samples: Rights Agreement (Goldenstone Acquisition Ltd.), Rights Agreement (Goldenstone Acquisition Ltd.), Rights Agreement (Blue World Acquisition Corp)

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Duration of Rights. If the Exchange Event does not occur within 12 months from the closing of the Public Offering (or up to 21 18 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 10 contracts

Samples: Rights Agreement (Aimei Health Technology Co., Ltd.), Rights Agreement (Bukit Jalil Global Acquisition 1 Ltd.), Rights Agreement (Bukit Jalil Global Acquisition 1 Ltd.)

Duration of Rights. If the Exchange Event does not occur within 12 9 months from the closing of the Public Offering (or up to 21 18 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 6 contracts

Samples: Rights Agreement (Bayview Acquisition Corp), Rights Agreement (Bayview Acquisition Corp), Rights Agreement (Alphatime Acquisition Corp)

Duration of Rights. If the Exchange Event does not occur within 12 months from the closing of date that the Public Offering registration statement is declared effective (or up to 21 18 months from the closing of date that the Public Offering registration statement is declared effective if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 4 contracts

Samples: Rights Agreement (Aquarius II Acquisition Corp.), Rights Agreement (Aquarius II Acquisition Corp.), Rights Agreement (Aquarius II Acquisition Corp.)

Duration of Rights. If the Exchange Event does not occur within 12 9 months from the closing of the Public Offering (or up to 21 18 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right Rights are held by MaximEX Xxxxxx, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 3 contracts

Samples: Form of Rights Agreement (EF Hutton Acquisition Corp I), Form of Rights Agreement (EF Hutton Acquisition Corp I), Rights Agreement (EF Hutton Acquisition Corp I)

Duration of Rights. If the Exchange Event does not occur within 12 18 months from the closing of the Public Offering (or up to 21 27 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 3 contracts

Samples: Rights Agreement (8i Acquisition 2 Corp.), Rights Agreement (8i Acquisition 2 Corp.), Rights Agreement (8i Acquisition 2 Corp.)

Duration of Rights. If the an Exchange Event does not occur within 12 18 months from the closing of the Public Offering (Offering, or up to 21 24 months from the closing of the Public Offering if the Company extends the period has entered into a letter of time to consummate intent or definitive agreement with a target business for a Business Combination, as described in Combination within 18 months from the Registration Statement), closing of the Public Offering and such Business Combination has not yet been consummated within the applicable time such 18-month period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 3 contracts

Samples: Rights Agreement (Jensyn Acquisition Corp.), Rights Agreement (1347 Capital Corp), Rights Agreement (1347 Capital Corp)

Duration of Rights. If the Exchange Event does not occur within 12 months from the closing of date that the Public Offering registration statement is declared effective (or up to 21 months from the closing of date that the Public Offering registration statement is declared effective if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right Rights are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 3 contracts

Samples: Rights Agreement (Aquarius I Acquisition Corp.), Rights Agreement (Aquarius I Acquisition Corp.), Rights Agreement (Aquarius I Acquisition Corp.)

Duration of Rights. If the Exchange Event does not occur within 12 18 months from the closing of the Public Offering (Offering, or up to 21 24 months from the closing of the Public Offering if the Company extends the period has entered into a letter of time to consummate intent or definitive agreement with a target business for a Business Combination, as described in Combination within 18 months from the Registration Statement), closing of the Public Offering and such Business Combination has not yet been consummated within the applicable time such 18-month period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 3 contracts

Samples: Rights Agreement (Jensyn Acquisition Corp.), Rights Agreement (Jensyn Acquisition Corp.), Rights Agreement (Jensyn Acquisition Corp.)

Duration of Rights. If the Exchange Event does not occur within 12 nine (9) months from the closing of the Public Offering (or up to 21 18 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 2 contracts

Samples: Rights Agreement (Cetus Capital Acquisition Corp.), Rights Agreement (Cetus Capital Acquisition Corp.)

Duration of Rights. If the Exchange Event does not occur within 12 months from the closing of the Public Offering (or up to 21 24 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 2 contracts

Samples: Rights Agreement (Aimei Health Technology Co., Ltd.), Rights Agreement (Aimei Health Technology Co., Ltd.)

Duration of Rights. If the Exchange Event does not occur within 12 9 months from the closing of the Public Offering (or up to 21 15 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 2 contracts

Samples: Rights Agreement (Horizon Space Acquisition I Corp.), Rights Agreement (Horizon Space Acquisition I Corp.)

Duration of Rights. If the Exchange Event does not occur within 12 months from the closing of date that the Public Offering registration statement is declared effective (or up to 21 months from the closing of date that the Public Offering registration statement is declared effective if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 2 contracts

Samples: Rights Agreement (HHG Capital Corp), Rights Agreement (HHG Capital Corp)

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Duration of Rights. If the Exchange Event does not occur within 12 months from the closing of the Public Offering (or up to 21 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 2 contracts

Samples: Rights Agreement (CO2 Energy Transition Corp.), Rights Agreement (Orisun Acquisition Corp.)

Duration of Rights. If the Exchange Event does not occur within 12 18 months from the closing of the Public Offering (or up to 21 24 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time periodsuch 18 or 24-month period (as applicable), the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 2 contracts

Samples: Rights Agreement (Atlantic Acquisition Corp.), Rights Agreement (Atlantic Acquisition Corp.)

Duration of Rights. If the an Exchange Event does not occur within 12 18 months from the closing of the Public Offering (Offering, or up to 21 24 months from the closing of the Public Offering if the Company extends the period of time to consummate has entered into a definitive agreement with a target business for a Business Combination, as described in Combination within 18 months from the Registration Statement), closing of the Public Offering and such Business Combination has not yet been consummated within the applicable time such 18-month period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 1 contract

Samples: Rights Agreement (Quartet Merger Corp.)

Duration of Rights. If the an Exchange Event does not occur within 12 21 months from the closing of the Public Offering (Offering, or up to 21 24 months from the closing of the Public Offering if the Company extends the period of time to consummate has entered into a definitive agreement with a target business for a Business Combination, as described in Combination within 21 months from the Registration Statement), closing of the Public Offering and such Business Combination has not yet been consummated within the applicable time such 24-month period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 1 contract

Samples: Rights Agreement (Garnero Group Acquisition Co)

Duration of Rights. If the Exchange Event does not occur within 12 months from the closing of the Public Offering (or up to 21 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim CCM Right are held by MaximCCM, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 1 contract

Samples: Rights Agreement (Orisun Acquisition Corp.)

Duration of Rights. If the Exchange Event does not occur within 12 9 months from the closing of the Public Offering (or up to 21 18 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 1 contract

Samples: Rights Agreement (Super Plus Acquisition Corp)

Duration of Rights. If the Exchange Event does not occur within 12 twelve months from the closing of the Public Offering (or up to 21 18 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Right are held by Maxim, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 1 contract

Samples: Rights Agreement (BCGF Acquisition Corp.)

Duration of Rights. If the Exchange Event does not occur within 12 months from the closing of the Public Offering (or up to 21 18 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination, as described in the Registration Statement), and such Business Combination has not yet been consummated within the applicable time period, the Rights shall expire and shall be worthless; provided that, for as long as any of the Maxim Chardan Right are held by MaximChardan, or its designees or affiliates, such Rights may not be converted after five years, from the effective date of the Registration Statement.

Appears in 1 contract

Samples: Rights Agreement (Abri SPAC 2, Inc.)

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