Founder definition

Founder means, in respect of an issuer, a person who,

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Founder means, in respect of an issuer, a person who, (i) acting alone, in conjunction, or in concert with one or more persons, directly or indirectly, takes the initiative in founding, organizing or substantially reorganizing the business of the issuer, and (ii) at the time of the distribution or trade is actively involved in the business of the issuer;

Founder means ▇▇▇▇▇▇▇ ▇. ▇▇▇▇.

Examples of Founder in a sentence

• The holders of the Founder Shares shall not have redemption rights with respect to the Founder Shares.

• The holders of Founder Shares shall have no right to any liquidating distributions with respect to any portion of the Founder Shares in the event the Company fails to consummate a Business Combination.

• No underwriting discounts, commissions or placement fees have been or will be payable in connection with the purchase of Founder Shares.

• The holders of Founder Shares shall have no right to any liquidating distributions from the Trust Account with respect to any portion of the Founder Shares in the event the Company fails to consummate a Business Combination within the time frame provided in the Prospectus (as defined below).

• Founder has the full right, power and authority to enter into this Agreement.

More Definitions of Founder

Founder means, in respect of an issuer, a person who:

Founder has the meaning set forth in the Preamble.

Founder means each of ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇.

Founder shall have the meaning ascribed to it in the preamble.

Founder has the meaning set forth in the Preamble of this Agreement.

Founder and “Founders” shall have the meaning ascribed to it in the preamble of this Agreement.

Founder means, in respect of the Corporation, a person who: (i) acting alone, in conjunction, or in concert with one or more persons, directly or indirectly, takes the initiative in founding, organizing or substantially reorganizing the business of the Corporation; and (ii) at the time of the trade is actively involved in the business of the Corporation;