Common use of Terms of Transfer Clause in Contracts

Terms of Transfer. 1.1. (a) Upon the terms and subject to the conditions of this Agreement, the Sponsor agrees that if (a) as of 9:30 AM, New York time, on the first business day following the Meeting, Investor holds the Investor Shares (as defined below), (b) Investor did not exercise its Redemption Rights with respect to such Investor Shares in connection with the Meeting, and (c) the Extension Amendment is approved at the Meeting and is effected by the Company’s filing with the Secretary of the State of Delaware of an amendment to the Charter, then the Sponsor hereby agrees to (i) assign and transfer to Investor for no additional consideration the Assigned Securities set forth on Exhibit A at such time as the conditions set forth in Section 1.2 below are satisfied and (ii) assign to Investor the Economic Interest (as defined below) associated with the Assigned Securities.

Appears in 2 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (Maquia Capital Acquisition Corp), Non Redemption Agreement and Assignment of Economic Interest (Maquia Capital Acquisition Corp)

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Terms of Transfer. 1.1. (a) Upon the terms and subject to the conditions of this Agreement, the Sponsor agrees that if (a) as of 9:30 AM5:00 PM, New York time, on the first business day following date of the Meeting, Investor holds the Investor Shares (as defined below), (b) Investor did not exercise its Redemption Rights with respect to such Investor Shares in connection with the Meeting, and (c) the Extension Amendment is approved at the Meeting and is effected by the Company’s filing with the Secretary of the State of Delaware of an amendment to the Charter, then the Sponsor hereby agrees to (i) assign and transfer to Investor for no additional consideration the Assigned Securities set forth on Exhibit A at such time as the conditions set forth in Section 1.2 below are satisfied and (ii) assign to Investor the Economic Interest (as defined below) associated with the Assigned Securities.

Appears in 2 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (Forest Road Acquisition Corp. II), Non Redemption Agreement and Assignment of Economic Interest (BurTech Acquisition Corp.)

Terms of Transfer. 1.1. (a) Upon the terms and subject to the conditions of this Agreement, the Sponsor agrees that if (a) as of 9:30 AM5:00 PM, New York time, on the first business day following date of the Meeting, Investor holds the Investor Shares (as defined below), (b) Investor did does not exercise its Redemption Rights with respect to such Investor Shares in connection with the Meeting, and (c) the Extension Amendment is approved at the Meeting and is effected by the Company’s filing with the Secretary Cayman Islands Registrar of Companies the Third Amended and Restated Memorandum and Articles of Association of the State of Delaware of an amendment to the CharterCompany, then the Sponsor hereby agrees to (i) assign and transfer to Investor for no additional consideration the Assigned Securities set forth on Exhibit A at such time as A, and the conditions set forth in Section 1.2 below are satisfied and (ii) Sponsor agrees to assign to Investor the Economic Interest (as defined below) associated with the Assigned Securities.Securities that the Sponsor has agreed to assign to Investor. “

Appears in 1 contract

Samples: Non Redemption Agreement and Assignment of Economic Interest (Swiftmerge Acquisition Corp.)

Terms of Transfer. 1.1. 1.1 (a) Upon the terms and subject to the conditions of this Agreement, the Sponsor agrees that if (a) as of 9:30 AM5:00 PM, New York time, on the first business day following date of the Meeting, Investor holds the Investor Shares (as defined below), (b) Investor did not exercise its Redemption Rights (or, if exercised, Investor did validly rescind) with respect to such Investor Shares in connection with the Meeting, and (c) the Extension Trust Amendment Proposal is approved at the Meeting and is effected by the Company’s filing with the Secretary execution of the State of Delaware of an amendment to the CharterIMTA, then the Sponsor hereby agrees to (i) assign and transfer to Investor for no additional consideration the Assigned Securities set forth on Exhibit A at such time as the conditions set forth in Section 1.2 below are satisfied and (ii) assign to Investor the Economic Interest (as defined below) associated with the Assigned Securities.

Appears in 1 contract

Samples: Non Redemption Agreement and Assignment of Economic Interest (Inception Growth Acquisition LTD)

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Terms of Transfer. 1.1. (a) Upon the terms and subject to the conditions of this Agreement, the Sponsor agrees that if (a) as of 9:30 AM5:30 PM, New York time, on the first business day following date of the Meeting, Investor holds the Investor Shares (as defined below), (b) Investor did does not exercise (or exercised and validly rescinds) its Redemption Rights with respect to such Investor Shares in connection with the Meeting, and (c) the Extension Amendment is approved at the Meeting and is effected by the Company’s filing with Company meets the Secretary of continued or initial listing requirements to be listed on the State of Delaware of an amendment to New York Stock Exchange following the CharterMeeting, and (d) the Company implements the Extension, then the Sponsor hereby agrees to (i) assign and transfer to Investor for no additional consideration the Assigned Securities set forth on Exhibit A at such time as A, and the conditions set forth in Section 1.2 below are satisfied and (ii) Sponsor further agrees to assign to Investor the Economic Interest (as defined below) associated with the Assigned Securities.. “

Appears in 1 contract

Samples: Non Redemption Agreement and Assignment of Economic Interest (Fusion Acquisition Corp. II)

Terms of Transfer. 1.1. 1.1 (a) Upon the terms and subject to the conditions of this Agreement, the Sponsor agrees that if (a) as of 9:30 AM5:00 PM, New York time, on the first business day following date of the Meeting, Investor holds the Investor Shares (as defined below), (b) Investor did not exercise its Redemption Rights with respect to such Investor Shares in connection with the Meeting, and (c) the Extension Trust Amendment Proposal is approved at the Meeting and is effected by the Company’s filing with the Secretary execution of the State of Delaware of an amendment to the CharterIMTA, then the Sponsor hereby agrees to (i) assign and transfer to Investor for no additional consideration the Assigned Securities set forth on Exhibit A at such time as the conditions set forth in Section 1.2 below are satisfied and (ii) assign to Investor the Economic Interest (as defined below) associated with the Assigned Securities.

Appears in 1 contract

Samples: Non Redemption Agreement and Assignment of Economic Interest (Inception Growth Acquisition LTD)

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