Common use of Waiver of Anti-dilution Protection Clause in Contracts

Waiver of Anti-dilution Protection. Each of the Founder Holders hereby waives, forfeits, surrenders and agrees not to exercise, assert or claim, to the fullest extent permitted by applicable Law, any anti-dilution protection (if any) pursuant to the Organizational Documents of SPAC in connection with the Transactions. Each Founder Holder acknowledges and agrees that (i) this Section 5.8 shall constitute written consent waiving, forfeiting and surrendering any anti-dilution protection pursuant to the Organizational Documents SPAC in connection with the Transactions; and (ii) such waiver, forfeiture and surrender granted hereunder shall only terminate upon the termination of this Agreement.

Appears in 3 contracts

Samples: Sponsor Support Agreement (Caravelle International Group), Sponsor Support Agreement (Caravelle International Group), Sponsor Support Agreement (Pacifico Acquisition Corp.)

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Waiver of Anti-dilution Protection. Each of the Such Founder Holders Holder hereby waives, forfeits, surrenders and agrees not to exercise, assert or claim, to the fullest extent permitted by applicable Law, any anti-dilution protection (if any) pursuant to the SPAC’s Organizational Documents of SPAC in connection with the Transactionstransactions contemplated by this Agreement, the Merger Agreement and the other Additional Agreements. Each Such Founder Holder acknowledges and agrees that (ia) this Section 5.8 4.8 shall constitute written consent waiving, forfeiting and surrendering any anti-dilution protection pursuant to the SPAC’s Organizational Documents SPAC in connection with the Transactionstransactions contemplated by this Agreement, the Merger Agreement and the other Additional Agreements; and (iib) such waiver, forfeiture and surrender granted hereunder shall only terminate upon the termination of this Agreement.

Appears in 2 contracts

Samples: Sponsor Support Agreement (Bayview Acquisition Corp), Sponsor Support Agreement (Alphatime Acquisition Corp)

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