Common use of Termination of Rights as Stockholder Clause in Contracts

Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Purchaser (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares. For the avoidance of doubt, the Shares directly or indirectly owned by the Purchaser shall not be subject to forfeitures (except as described in Section 3.1 above), surrenders, reductions, mandatory repurchases, redemptions, modifications, cut-backs, claw-backs, transfers, disposals, exchanges or share price vesting triggers commonly known as “earn-outs” for any reason, including as part of negotiating an initial business combination without the Purchaser’s prior written consent.

Appears in 1 contract

Samples: Trajectory Alpha Acquisition Corp.

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Termination of Rights as Stockholder. If any of the Shares Securities are forfeited in accordance with this Section 3, then after such time the Purchaser Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited SharesSecurities. For the avoidance of doubt, the Shares Securities directly or indirectly owned by the Purchaser Subscriber shall not be subject to forfeitures (except as described in Section 3.1 aboveabove and Section 3.4 below), surrenders, reductions, mandatory repurchases, redemptions, modifications, cut-backs, claw-backs, transfers, disposals, exchanges or share price vesting triggers commonly known as “earn-outs” for any reason, including as part of negotiating an initial business combination without the Purchaser’s prior written consentcombination.

Appears in 1 contract

Samples: Trine II Acquisition Corp.

Termination of Rights as Stockholder. If any of the Shares Securities are forfeited in accordance with this Section 3, then after such time the Purchaser (or successor in interest), shall no longer have any rights as a holder of such forfeited SharesSecurities. For the avoidance of doubt, the Shares Securities directly or indirectly owned by the Purchaser shall not be subject to forfeitures (except as described in Section 3.1 above), surrenders, reductions, mandatory repurchases, redemptions, modifications, cut-backs, claw-backs, transfers, disposals, exchanges or share price vesting triggers commonly known as “earn-outs” for any reason, including as part of negotiating an initial business combination without the Purchaser’s prior written consentcombination.

Appears in 1 contract

Samples: Trine II Acquisition Corp.

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Termination of Rights as Stockholder. If any of the Shares Securities are forfeited in accordance with this Section 3, then after such time the Purchaser (or successor in interest), shall no longer have any rights as a holder of such forfeited SharesSecurities. For the avoidance of doubt, the Shares Securities directly or indirectly owned by the Purchaser shall not be subject to forfeitures (except as described in Section 3.1 aboveabove and Section 3.4 below), surrenders, reductions, mandatory repurchases, redemptions, modifications, cut-backs, claw-backs, transfers, disposals, exchanges or share price vesting triggers commonly known as “earn-outs” for any reason, including as part of negotiating an initial business combination without involving the Purchaser’s prior written consentCompany.

Appears in 1 contract

Samples: Trine II Acquisition Corp.

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