Common use of Waiver of Liquidation Distributions Clause in Contracts

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, the Subscriber hereby waives any and all redemption rights (i) in connection with the Company’s consummation of the Business Combination, (ii) upon the Company’s failure to consummate the Business Combination within 24 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 month period or (iii) if the Company seeks an amendment to its amended and restated memorandum and articles of association that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below). In the event the Subscriber purchases Common Shares in the IPO or in the aftermarket (“Public Shares”), the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, the Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other holders of Common Shares in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 months from the completion of the IPO.

Appears in 2 contracts

Samples: Unit Subscription Agreement (FTAC Hera Acquisition Corp.), Unit Subscription Agreement (FTAC Hera Acquisition Corp.)

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Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, the Subscriber hereby waives any and all redemption rights (i) in connection with the Company’s consummation of the Business Combination, (ii) upon the Company’s failure to consummate the Business Combination within 24 18 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 18 month period or (iii) if the Company seeks an amendment to its amended and restated memorandum and articles certificate of association incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below). In the event the Subscriber purchases shares of Common Shares Stock in the IPO or in the aftermarket (“Public Shares”), the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, the Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other holders of Common Shares Stock purchased in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 18 months from the completion of the IPO.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Fintech Acquisition Corp Vi), Unit Subscription Agreement (Fintech Acquisition Corp Vi)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, the Subscriber Subscribers hereby waives waive any and all redemption rights right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 12 months from the completion Closing Date (or up to 18 months from the Closing Date if the Company extends the period of time to consummate a Business Combination, as described in more detail in the IPO Registration Statement) or the liquidation of the Company prior to the expiration of such 24 12-month period (or (iii) if the Company seeks an amendment up to its amended and restated memorandum and articles of association that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below18-months period). In the event the any Subscriber purchases shares of Common Shares Stock in the IPO or in the aftermarket (“Public Shares”), the such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, the Subscriber Subscribers shall be eligible to redeem any Public Shares upon the same terms offered to all other holders purchasers of Common Shares Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 12 months from the completion Closing Date (or up to 18 months from the Closing Date if the Company extends the period of time to consummate a Business Combination, as described in more detail in the IPORegistration Statement).

Appears in 2 contracts

Samples: Private Units Purchase Agreement (Larkspur Health Acquisition Corp.), Private Units Purchase Agreement (Larkspur Health Acquisition Corp.)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, the Subscriber hereby waives any and all redemption rights (i) in connection with the Company’s consummation of the Business Combination, (ii) upon the Company’s failure to consummate the Business Combination within 24 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 month period or (iii) if the Company seeks an amendment to its amended and restated memorandum and articles certificate of association incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below). In the event the Subscriber purchases shares of Common Shares Stock in the IPO or in the aftermarket (“Public Shares”), the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, the Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other holders purchasers of Common Shares Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 months from the completion of the IPO.

Appears in 2 contracts

Samples: Unit Subscription Agreement (FTAC Parnassus Acquisition Corp.), Unit Subscription Agreement (FTAC Parnassus Acquisition Corp.)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, the Subscriber hereby waives any and all redemption rights (i) in connection with the Company’s consummation of the Business Combination, (ii) upon the Company’s failure to consummate the Business Combination within 24 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 month period or (iii) if the Company seeks an amendment to its amended and restated memorandum and articles of association that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below). In the event the any Subscriber purchases Common Shares in the IPO or in the aftermarket (“Public Shares”), the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, the Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other holders of Common Shares purchased in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 months from the completion of the IPO.

Appears in 2 contracts

Samples: Unit Subscription Agreement (FTAC Athena Acquisition Corp.), Unit Subscription Agreement (FTAC Athena Acquisition Corp.)

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Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, the Subscriber hereby waives any and all redemption rights (i) in connection with the Company’s consummation of the Business Combination, (ii) upon the Company’s failure to consummate the Business Combination within 24 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 month period or (iii) if the Company seeks an amendment to its amended and restated memorandum and articles certificate of association incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below). In the event the Subscriber purchases shares of Common Shares Stock in the IPO or in the aftermarket (“Public Shares”), the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, the Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other holders of Common Shares Stock purchased in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 months from the completion of the IPO.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Fintech Acquisition Corp Vi), Unit Subscription Agreement (Fintech Acquisition Corp Vi)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, the Subscriber hereby waives any and all redemption rights right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s 's consummation of the Business Combination, or (ii) upon the Company’s 's redemption of shares of Common Stock upon the Company's failure to consummate the Business Combination within 24 months 18 months, which is extendable at the Subscriber’s option to 21 months, from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 month period or (iii) if the Company seeks an amendment to its amended and restated memorandum and articles of association that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below)period. In the event the Subscriber purchases shares of Common Shares Stock in the IPO or in the aftermarket ("Public Shares"), the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s 's consummation of the Business Combination. For the avoidance of doubt, the Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other holders purchasers of Common Shares Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 months 18 or 21 months, as applicable, from the completion of the IPO.

Appears in 1 contract

Samples: Unit Subscription Agreement (Papaya Growth Opportunity Corp. I)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, the Subscriber hereby waives any and all redemption rights right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock sold in connection with the IPO upon the Company’s failure to consummate the Business Combination within 24 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 month period, or such later period or (iii) if the Company seeks an amendment to its amended and restated memorandum and articles of association that would affect the substance or timing of approved by the Company’s obligation to redeem 100% of stockholders in accordance with the Public Shares (as defined below)Company’s Amended and Restated Charter. In the event the Subscriber purchases shares of Common Shares Stock in the IPO or in the aftermarket (“Public Shares”), the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, the Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other holders purchasers of Common Shares Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 months from the completion of the IPO.

Appears in 1 contract

Samples: Subscription Agreement for Private Placement Units (Western Acquisition Ventures Corp.)

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