Sponsor Warrant definition

Sponsor Warrant means an Acquiror Warrant held by the Sponsor as of immediately prior to the Effective Time.

Sponsor Warrant shall have the meaning given in the Recitals hereto.

Sponsor Warrant means a LACQ Warrant held by a Sponsor or its Affiliates.

Examples of Sponsor Warrant in a sentence

• Except with respect to the right to receive the Redemption Price (other than with respect to a Sponsor Warrant) in the event of a redemption (as set forth in Section 6 hereof), each Warrant (other than a Sponsor Warrant in the event of a redemption) not exercised on or before the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at 5:00 p.m. New York City time on the Expiration Date.

• Except with respect to the right to receive the Redemption Price (as defined below) (other than with respect to a Private Placement Warrant) in the event of a redemption (as set forth in Section 6 hereof), each Warrant (other than a Sponsor Warrant in the event of a redemption) not exercised on or before the Expiration Date shall become null and void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at 5:00 p.m. New York City time on the Expiration Date.

• On the Closing Date and the Option Closing Date, as applicable, the Placement Warrants have been purchased as provided for in the Sponsor Warrant Purchase Agreement and the requisite portion of the purchase price for such securities specified herein and therein shall be deposited into the Trust Account.

• In the event that the Warrant is a Sponsor Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of the Warrant Agreement, the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) of the Warrant Agreement.

• The Company shall not amend, modify or otherwise change the Warrant Agreement, Trust Agreement, Registration Rights Agreement, Sponsor Warrant Purchase Agreement, the Services Agreement, or any Insider Letter without the prior written consent of the Representative which will not be unreasonably withheld.

More Definitions of Sponsor Warrant

Sponsor Warrant means a warrant to purchase one Mountain Class A ordinary share at a price of $11.50 per share, subject to adjustment in accordance with the Warrant Agreement, dated as of November 4, 2021, between Mountain and Continental Stock Transfer & Trust Company, as trustee.

Sponsor Warrant and “Stockholder Warrant” in Sections 5.6(c) and 5.6(d) shall be deleted.

Sponsor Warrant is defined in the recitals to this Agreement; provided, that such Sponsor Warrants shall cease to be Sponsor Warrants when: (a) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act (as defined below) and such securities shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (b) such securities shall have been otherwise transferred pursuant to Rule 144 of the Securities Act (or any similar provisions thereunder, but not Rule 144A), and new certificates for them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public distribution of them shall not require registration under the Securities Act; or (c) such securities shall have ceased to be outstanding.

Sponsor Warrant means an Acquiror Warrant held by (i) the Sponsor, (ii) funds or accounts managed by subsidiaries of BlackRock, Inc. or (iii) funds or accounts managed by Alta Fundamental Advisers LLC, in each case, as of immediately prior to the Effective Time.

Sponsor Warrant means an Acquiror Warrant held by any of the Sponsors as of immediately prior to the Delaware Merger Effective Time.

Sponsor Warrant means a warrant issued to Sponsor to purchase a number of shares of Common Stock, which warrants shall have the terms set forth in and as governed by the Sponsor Warrant Agreement.

Sponsor Warrant means an Acquiror Warrant held by (i) the Sponsor, (ii) funds or accounts managed by subsidiaries of BlackRock, Inc. or(iii) funds or accounts managed by Alta Fundamental Advisers LLC, in each case, as of immediately prior to the Effective Time. “Stockholders’ Agreement” has the meaning specified in the Recitals hereto.