Common use of Redemption and Liquidation Clause in Contracts

Redemption and Liquidation. The Purchasers hereby waive, with respect to any Forward Purchase Shares held by it, any redemption rights it may have in connection with (i) the consummation of the initial Business Combination, including, without limitation, any such rights available in the context of a stockholder vote to approve such Business Combination and (ii) any stockholder vote to approve an amendment to the Charter to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing (or such later date as has been approved by an amendment to the Charter) or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the Purchasers shall be entitled to redemption and liquidation rights with respect to any Public Shares held by them.

Appears in 2 contracts

Samples: Forward Purchase Agreement (Lux Health Tech Acquisition Corp.), Forward Purchase Agreement (Lux Health Tech Acquisition Corp.)

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Redemption and Liquidation. The Purchasers Purchaser hereby waivewaives, with respect to any Forward Purchase Sponsor Founder Shares (including the Class A Shares into which such Sponsor Founder Shares are convertible) held by it, any redemption rights it may have in connection with (i) the consummation of the initial a Business Combination, including, without limitation, any such rights available in the context of a stockholder shareholder vote to approve such Business Combination and (ii) any stockholder shareholder vote to approve an amendment to the Charter Articles to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing (or such later date as has been approved by an amendment to the Charter) or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the Purchasers Purchaser shall be entitled to redemption and liquidation rights with respect to any Public Shares held by themit.

Appears in 2 contracts

Samples: Forward Purchase Agreement (Regalwood Global Energy Ltd.), Form of Forward Purchase Agreement (Regalwood Global Energy Ltd.)

Redemption and Liquidation. The Purchasers Purchaser hereby waivewaives, with respect to any Forward Purchase Class B Shares (including the Class A Shares and/or Class C Shares into which such Class B Shares are convertible) held by it, any redemption rights it may have in connection with (i) the consummation of the initial a Business Combination, including, without limitation, including any such rights available in the context of a stockholder shareholder vote to approve such Business Combination and (ii) any stockholder shareholder vote to approve an amendment to the Charter to modify that would affect the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing (or such later date as has been approved by an amendment to time period set forth in the Charter) Charter or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the Purchasers the. Purchaser shall be entitled to redemption and liquidation rights with respect to any Public Shares held by themit.

Appears in 1 contract

Samples: Forward Purchase Agreement (One Madison Corp)

Redemption and Liquidation. The Purchasers Purchaser hereby waivewaives, with respect to any Forward Purchase Sponsor Founder Shares (including the Class A Shares into which such Sponsor Founder Shares are convertible) held by it, any redemption rights it may have in connection with (ixxvi) the consummation of the initial a Business Combination, including, without limitation, any such rights available in the context of a stockholder vote to approve such Business Combination and (iixxvii) any stockholder vote to approve an amendment to the Charter to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing (or such later date as has been approved by an amendment to the Charter) or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the Purchasers Purchaser shall be entitled to redemption and liquidation rights with respect to any Public Shares held by themit.

Appears in 1 contract

Samples: Forward Purchase Agreement (Vantage Energy Acquisition Corp.)

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Redemption and Liquidation. The Purchasers Purchaser hereby waivewaives (on behalf of itself and the Sponsor), with respect to any Forward Purchase Sponsor Founder Shares (including the Class A Shares into which such Sponsor Founder Shares are convertible) held by itit or the Sponsor, any redemption rights it or the Sponsor may have in connection with (i) the consummation of the initial a Business Combination, including, without limitation, any such rights available in the context of a stockholder vote to approve such Business Combination and (ii) any stockholder vote to approve an amendment to the Charter to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing (or such later date as has been approved by an amendment to the Charter) or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the Purchasers Purchaser shall be entitled to redemption and liquidation rights with respect to any Public Shares held by themit.

Appears in 1 contract

Samples: Forward Purchase Agreement (Silver Run Acquisition Corp II)

Redemption and Liquidation. The Purchasers Purchaser hereby waivewaives, with respect to any Forward Purchase Sponsor Founder Shares (including the Class A Shares into which such Sponsor Founder Shares are convertible) held by it, any redemption rights it may have in connection with (i) the consummation of the initial a Business Combination, including, without limitation, any such rights available in the context of a stockholder vote to approve such Business Combination and (ii) any stockholder vote to approve an amendment to the Charter to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing (or such later date as has been approved by an amendment to the Charter) or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the Purchasers Purchaser shall be entitled to redemption and liquidation rights with respect to any Public Shares held by themit.

Appears in 1 contract

Samples: Forward Purchase Agreement (Vantage Energy Acquisition Corp.)

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