Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, Subscriber hereby waives its redemption rights (i) in connection with the Company’s consummation of the Business Combination, (ii) if the Company fails to consummate its initial Business Combination or liquidates within 24 months from the completion of the Offering or (iii) if the Company seeks an amendment to its amended and restated certificate of incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below). If Subscriber acquires shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to other holders of Common Stock purchased in the IPO.
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Samples: Unit Subscription Agreement (Fintech Acquisition Corp. III), Unit Subscription Agreement (INSU Acquisition Corp. II), Unit Subscription Agreement (Fintech Acquisition Corp. II)
Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, Subscriber hereby waives its redemption rights (i) in connection with the Company’s consummation of the Business Combination, (ii) if the Company fails to consummate its initial Business Combination or liquidates within 24 18 months from the completion of the Offering or (iii) if the Company seeks an amendment to its amended and restated certificate of incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below). If Subscriber acquires shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to other holders of Common Stock purchased in the IPO.
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Samples: Unit Subscription Agreement (INSU Acquisition Corp. II), Unit Subscription Agreement (INSU Acquisition Corp. II), Unit Subscription Agreement (Insurance Acquisition Corp.)
Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each Subscriber hereby waives its redemption rights (i) in connection with the Company’s consummation of the Business Combination, (ii) if the Company fails to consummate its initial the Business Combination or liquidates within 24 18 months from the completion of the Offering or (iii) if the Company seeks an amendment to its amended and restated certificate of incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below). If any Subscriber acquires shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to other holders of Common Stock purchased in the IPO.
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