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Common use of No Exercise Clause in Contracts

No Exercise. The SPARs will not be exercisable during the Search Period.

Appears in 2 contracts

Sources: Special Purpose Acquisition Rights Agreement (Pershing Square SPARC Holdings, Ltd./De), Special Purpose Acquisition Rights Agreement (Pershing Square SPARC Holdings, Ltd./De)

Related Clauses

  • Right to Exercise
  • Election to Exercise
  • Failure to Exercise
  • Full Exercise
  • Exercise

Parent Clauses

  • Adjustments to Conversion Price
  • Sale of Shares Below the Conversion Price
  • Conversion Rights
  • Miscellaneous
  • Escrows

Sub-Clauses

  • No Debt
  • No Liens
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