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

Waiver of Anti-dilution Protection. Each of the Shareholders 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 Company’s Organizational Documents in connection with the transactions contemplated by this Agreement, the Merger Agreement and the other Additional Agreements. Each Shareholder acknowledges and agrees that (a) this Section 4.7 shall constitute written consent waiving, forfeiting and surrendering any anti-dilution protection pursuant to the Company’s Organizational Documents in connection with the transactions contemplated by this Agreement, the Merger Agreement and the other Additional Agreements and (b) such waiver, forfeiture and surrender granted hereunder shall only terminate upon the termination of this Agreement.

Appears in 2 contracts

Samples: Company Shareholder Support Agreement (Bayview Acquisition Corp), Shareholder Support Agreement (Alphatime Acquisition Corp)

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Waiver of Anti-dilution Protection. Each of the Shareholders Such Founder 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 CompanyPurchaser’s Organizational Documents in connection with the transactions contemplated by this Agreement, the Merger Business Combination Agreement and the other Additional AgreementsAncillary Documents. Each Shareholder Such Founder Holder acknowledges and agrees that (ai) this Section 4.7 4.8 shall constitute written consent waiving, forfeiting and surrendering any anti-dilution protection pursuant to the CompanyPurchaser’s Organizational Documents in connection with the transactions contemplated by this Agreement, the Merger Business Combination Agreement and the other Additional Agreements Ancillary Agreement; and (bii) such waiver, forfeiture and surrender granted hereunder shall only terminate upon the termination of this Agreement.

Appears in 1 contract

Samples: Sponsor Support Agreement (AlphaVest Acquisition Corp.)

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Waiver of Anti-dilution Protection. Each of the Shareholders 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 Company’s Organizational Documents in connection with the transactions contemplated by this Agreement, the Merger Business Combination Agreement and the other Additional Ancillary Agreements. Each Shareholder acknowledges and agrees that (ai) this Section 4.7 4.6 shall constitute written consent waiving, forfeiting and surrendering any anti-dilution protection pursuant to the Company’s Organizational Documents in connection with the transactions contemplated by this Agreement, the Merger Business Combination Agreement and the other Additional Agreements Ancillary Agreements; and (bii) such waiver, forfeiture and surrender granted hereunder shall only terminate upon the termination of this Agreement.

Appears in 1 contract

Samples: Shareholder Support Agreement (AlphaVest Acquisition Corp.)

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