Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 14 contracts
Sources: Underwriting Agreement (Project Energy Reimagined Acquisition Corp.), Underwriting Agreement (Project Energy Reimagined Acquisition Corp.), Underwriting Agreement (Skydeck Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 8 contracts
Sources: Underwriting Agreement (KnightSwan Acquisition Corp), Underwriting Agreement (KnightSwan Acquisition Corp), Underwriting Agreement (DP Cap Acquisition Corp I)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 6 contracts
Sources: Underwriting Agreement (Kensington Capital Acquisition Corp. II), Underwriting Agreement (Isos Acquisition Corp.), Underwriting Agreement (Kensington Capital Acquisition Corp. II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 375,000 by (b) a fraction, (i) the numerator of which is 3,750,000 1,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0001,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 5 contracts
Sources: Underwriting Agreement (Forbion European Acquisition Corp.), Underwriting Agreement (LAVA Medtech Acquisition Corp.), Underwriting Agreement (LAVA Medtech Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 656,250 by (b) a fraction, (i) the numerator of which is 3,750,000 2,625,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0002,625,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 5 contracts
Sources: Underwriting Agreement (Games & Esports Experience Acquisition Corp.), Underwriting Agreement (Tuatara Capital Acquisition Corp), Underwriting Agreement (Delwinds Insurance Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (ai) 937,500 750,000 by (bii) a fraction, (iA) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (iiB) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 5 contracts
Sources: Underwriting Agreement (Shelter Acquisition Corp I), Underwriting Agreement (Shelter Acquisition Corp I), Underwriting Agreement (Shelter Acquisition Corp I)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 562,500 by (b) a fraction, (i) the numerator of which is 3,750,000 2,250,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0002,250,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 4 contracts
Sources: Underwriting Agreement (Games & Esports Experience Acquisition Corp.), Underwriting Agreement (Tuatara Capital Acquisition Corp), Underwriting Agreement (Population Health Investment Co., Inc.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units Shares purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 4 contracts
Sources: Underwriting Agreement (DA32 Life Science Tech Acquisition Corp.), Underwriting Agreement (DA32 Life Science Tech Acquisition Corp.), Underwriting Agreement (Dynamics Special Purpose Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 843,750 by (b) a fraction, (i) the numerator of which is 3,750,000 3,375,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,375,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 4 contracts
Sources: Underwriting Agreement (Kensington Capital Acquisition Corp. V), Underwriting Agreement (Isos Acquisition Corp.), Underwriting Agreement (Global Synergy Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 3 contracts
Sources: Underwriting Agreement (McAp Acquisition Corp), Underwriting Agreement (Atlantic Avenue Acquisition Corp), Underwriting Agreement (Atlantic Street Acquisition Corp)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, PA-2 Co-Investment and the CH Founder Share Subscribers, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 3 contracts
Sources: Underwriting Agreement (890 5th Avenue Partners, Inc.), Underwriting Agreement (890 5th Avenue Partners, Inc.), Underwriting Agreement (890 5th Avenue Partners, Inc.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 3 contracts
Sources: Underwriting Agreement (JOFF Fintech Acquisition Corp.), Underwriting Agreement (JOFF Fintech Acquisition Corp.), Underwriting Agreement (Aequi Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 3 contracts
Sources: Underwriting Agreement (Patria Latin American Opportunity Acquisition Corp.), Underwriting Agreement (Excelsa Acquisition Corp.), Underwriting Agreement (Excelsa Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 3 contracts
Sources: Underwriting Agreement (Patria Latin American Opportunity Acquisition Corp.), Underwriting Agreement (Patria Latin American Opportunity Acquisition Corp.), Underwriting Agreement (Patria Latin American Opportunity Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 3 contracts
Sources: Underwriting Agreement (ScION Tech Growth II), Underwriting Agreement (ScION Tech Growth II), Underwriting Agreement (ScION Tech Growth II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 2 contracts
Sources: Underwriting Agreement (Novus Capital Corp II), Underwriting Agreement (Novus Capital Corp II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 562,500 by (b) a fraction, (i) the numerator of which is 3,750,000 2,250,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0002,250,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (Graf Acquisition Corp. IV), Underwriting Agreement (Graf Acquisition Corp. IV)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorHoldco, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (Spring Valley Acquisition Corp.), Underwriting Agreement (Spring Valley Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorHoldco, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ll).
Appears in 2 contracts
Sources: Underwriting Agreement (Spring Valley Acquisition Corp. II), Underwriting Agreement (Spring Valley Acquisition Corp. II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 900,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,600,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,600,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (Kensington Capital Acquisition Corp. V), Underwriting Agreement (Crown PropTech Acquisitions)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment optionoption with respect to the Option Units, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (ai) 937,500 1,125,000 by (bii) a fraction, (iA) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (iiB) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (Northern Genesis Acquisition Corp. II), Underwriting Agreement (Northern Genesis Acquisition Corp. II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,285,714 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (Kensington Capital Acquisition Corp. IV), Underwriting Agreement (Kensington Capital Acquisition Corp. IV)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ Underwriter’s over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3.000,000 minus the number of Option Units purchased by the Underwriters Underwriter upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their Underwriter exercises its over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 2 contracts
Sources: Underwriting Agreement (AF Acquisition Corp.), Underwriting Agreement (AF Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,725,000 by (b) a fraction, (i) the numerator of which is 3,750,000 900,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000900,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (Trailblazer Merger Corp I), Underwriting Agreement (Trailblazer Merger Corp I)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,312,500 by (b) a fraction, (i) the numerator of which is 3,750,000 5,250,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0005,250,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (BowX Acquisition Corp.), Underwriting Agreement (BowX Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (Graf Acquisition Corp. III), Underwriting Agreement (Supernova Partners Acquisition Company, Inc.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and ▇▇▇▇▇ Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (Chain Bridge I), Underwriting Agreement (Foresight Acquisition Corp. II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,875,000 by (b) a fraction, (i) the numerator of which is 3,750,000 7,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0007,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (Longview Acquisition Corp. II), Underwriting Agreement (Longview Acquisition Corp. II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (FAST Acquisition Corp.), Underwriting Agreement (FAST Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment overallotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (Catcha Investment Corp 2.0), Underwriting Agreement (Catcha Investment Corp)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (Supernova Partners Acquisition Co II, Ltd.), Underwriting Agreement (Freedom Acquisition I Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,875,000 by (b) a fraction, (i) the numerator of which is 3,750,000 7,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0007,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (ScION Tech Growth I), Underwriting Agreement (ScION Tech Growth I)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,000,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Sources: Underwriting Agreement (SOAR Technology Acquisition Corp.), Underwriting Agreement (SOAR Technology Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 187,500 by (b) a fraction, (i) the numerator of which is 3,750,000 750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 2 contracts
Sources: Underwriting Agreement (Lakeshore Acquisition I Corp.), Underwriting Agreement (Lakeshore Acquisition I Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment optionoption with respect to the Option Units, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (ai) 937,500 by (bii) a fraction, (iA) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their its over-allotment option, and (iiB) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Sources: Underwriting Agreement (Silverman Acquisition Corp I)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and ▇▇▇▇▇ Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,031,250 by (b) a fraction, (i) the numerator of which is 3,750,000 4,125,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,125,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Sources: Underwriting Agreement (Foresight Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and C▇▇▇▇ Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 2,250,000 by (b) a fraction, (i) the numerator of which is 3,750,000 9,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0009,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Sources: Underwriting Agreement (Longview Acquisition Corp. II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorHoldco, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ll).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 843,750 by (b) a fraction, (i) the numerator of which is 3,750,000 3,375,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,375,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Sources: Underwriting Agreement (Golden Falcon Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,031,250 by (b) a fraction, (i) the numerator of which is 3,750,000 4,125,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,125,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and ▇▇▇▇▇ Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 300,000 by (b) a fraction, (i) the numerator of which is 3,750,000 1,200,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0001,200,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Sources: Underwriting Agreement (Consonance-HFW Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and ▇▇▇▇▇ Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 900,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,600,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,600,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and C▇▇▇▇ Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment optionoption with respect to the Option Units, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Sources: Underwriting Agreement (Transformational CPG Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 375,000 by (b) a fraction, (i) the numerator of which is 3,750,000 1,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0001,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment overallotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,031,250 by (b) a fraction, (i) the numerator of which is 3,750,000 4,125,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,125,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and J▇▇▇▇, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 843,750 by (b) a fraction, (i) the numerator of which is 3,750,000 3,375,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,375,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Sources: Underwriting Agreement (Seven Oaks Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ Underwriters over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsors and the Anchor Investors, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Sources: Underwriting Agreement (Israel Amplify Program Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 187,500 by (b) a fraction, (i) the numerator of which is 3,750,000 750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Sources: Underwriting Agreement (Bombax Healthcare Acquisition Corp)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 583,333 by (b) a fraction, (i) the numerator of which is 3,750,000 5,250,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0005,250,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 412,500 by (b) a fraction, (i) the numerator of which is 3,750,000 1,650,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0001,650,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Sources: Underwriting Agreement (Forbion European Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and ▇▇▇▇▇ Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Sources: Underwriting Agreement (Foresight Acquisition Corp. II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,031,250 by (b) a fraction, (i) the numerator of which is 3,750,000 4,125,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,125,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment overallotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Sources: Underwriting Agreement (Golden Falcon Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and ▇▇▇▇▇ Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,350,000 by (b) a fraction, (i) the numerator of which is 3,750,000 5,400,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0005,400,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Sources: Underwriting Agreement (JOFF Fintech Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and or termination of the Underwriters’ over-allotment optionoption to purchase additional units, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, Sponsor in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment optionoption to purchase additional units, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option to purchase additional units in full, the Company shall not cancel or otherwise effect affect the forfeiture of the Founder Shares pursuant to this Section 4(jj)subsection.
Appears in 1 contract
Sources: Underwriting Agreement (Act II Global Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and or termination of the Underwriters’ over-allotment optionoption to purchase additional units, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, Sponsor in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 978,750 by (b) a fraction, (i) the numerator of which is 3,750,000 3,915,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment optionoption to purchase additional units, and (ii) the denominator of which is 3,750,0003,915,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option to purchase additional units in full, the Company shall not cancel or otherwise effect affect the forfeiture of the Founder Shares pursuant to this Section 4(jj)subsection.
Appears in 1 contract
Sources: Underwriting Agreement (Act II Global Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 975,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,900,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,900,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Sources: Underwriting Agreement (Kensington Capital Acquisition Corp. V)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,312,500 by (b) a fraction, (i) the numerator of which is 3,750,000 5,250,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0005,250,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Sources: Underwriting Agreement (Supernova Partners Acquisition Company, Inc.)