Common use of Private Placement Warrants; Forward Purchase Warrants Clause in Contracts

Private Placement Warrants; Forward Purchase Warrants. 2.6.1 The Private Placement Warrants (including the shares of Common Stock issuable upon exercise of the Private Placement Warrants) shall be identical to the Public Warrants, except that so long as they are held by the Founders, the Anchor Investors or any of their respective Permitted Transferees (as defined below) the Private Placement Warrants: (i) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (ii) shall be subject to the Lock-up (as defined below), (iii) with respect to Private Warrants held by Cowen Investments, will not be exercisable more than five years from the effective date of the Registration Statement in accordance with FINRA Rule 5110(f)(2)(G)(i) and (iv) shall not be redeemable by the Company; provided, however, that in the case of (ii), the Private Placement Warrants and any shares of Common Stock held by the Founders, the Anchor Investors or any of their respective Permitted Transferees and issued upon exercise of the Private Placement Warrants may be transferred by the holders thereof:

Appears in 3 contracts

Samples: Warrant Agreement (VectoIQ Acquisition Corp.), Warrant Agreement (VectoIQ Acquisition Corp.), Warrant Agreement (VectoIQ Acquisition Corp.)

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Private Placement Warrants; Forward Purchase Warrants. 2.6.1 (a) The Private Placement Warrants (including the shares of Common Stock issuable upon exercise of the Private Placement Warrants) shall be identical to the Public Warrants, except that so long as they are held by the FoundersSponsor, the Anchor Investors GSAM or any of their respective Permitted Transferees (as defined below) the Private Placement Warrants: (i) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c3.03(a)(i) hereof, (ii) shall may not be subject to transferred, assigned or sold until thirty (30) days after the Lock-up completion by the Company of an initial Business Combination (as defined below), and (iii) with respect to Private Warrants held by Cowen Investments, will not be exercisable more than five years from the effective date of the Registration Statement in accordance with FINRA Rule 5110(f)(2)(G)(i) and (iv) shall not be redeemable by the Company; provided, however, that in the case of clause (ii), the Private Placement Warrants and any shares of Common Stock held by the FoundersSponsor, the Anchor Investors GSAM or any of their respective Permitted Transferees and issued upon exercise of the Private Placement Warrants may be transferred by the holders thereof:

Appears in 2 contracts

Samples: Warrant Agreement (ECP Environmental Growth Opportunities Corp.), Warrant Agreement (ECP Environmental Growth Opportunities Corp.)

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