Common use of Forfeiture of Founder Shares Clause in Contracts

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding the number of Ordinary Shares be sold pursuant to the Forward Purchase Agreement). The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares at such time (excluding the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement).

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding and Founder Shares outstanding at such time plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement). The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares and Founder Shares outstanding at such time (excluding plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement).

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding and Founder Shares outstanding at such time plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement)Public Offering. The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares and Founder Shares outstanding at such time (excluding plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement)Public Offering.

Forfeiture of Founder Shares. To the extent that the Underwriters do Underwriter does not exercise their its option to purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding and Founder Shares outstanding at such time plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement). The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares and Founder Shares outstanding at such time (excluding plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement).

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase additional Units Ordinary Shares within 45 days from the date of the Prospectus in full or such option is reduced (in each case, as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering and Founder Shares outstanding at such time (excluding the number of Ordinary Shares be sold pursuant to the Forward Purchase AgreementPrivate Placement Shares). The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares and Founder Shares outstanding at such time (excluding the number of Ordinary Shares to be sold pursuant to the Forward Purchase AgreementPrivate Placement Shares).

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their over-allotment option to purchase up to an additional 5,250,000 Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding and Founder Shares outstanding at such time plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement)Agreements. The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares and Founder Shares outstanding at such time (excluding plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement)Agreements.

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase additional Units Ordinary Shares within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding the number of Ordinary Shares be sold pursuant to the Forward Purchase Agreement). The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares at such time (excluding the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement).

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase up to an additional 5,250,000 Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding and Founder Shares outstanding at such time plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement). The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares and Founder Shares outstanding at such time (excluding plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement).

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase up to an additional 4,500,000 Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding and Founder Shares outstanding at such time plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement). The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares and Founder Shares outstanding at such time (excluding plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement).

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their over-allotment option in full to purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal 2025% of the sum of the total number of issued Class A Ordinary Shares, Private Units, and Founder Shares outstanding Ordinary Shares after the Public Offering (excluding the number of Ordinary Shares be sold pursuant to the Forward Purchase Agreement)at such time. The Sponsor and Insiders each Insider, severally and not jointly, further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 2025% of the sum of the total number of issued Class A Ordinary Shares, Private Units, and Founder Shares outstanding Ordinary Shares at such time (excluding the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement)time.

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase up to an additional 9,000,000 Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding and Founder Shares outstanding at such time plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement). The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares and Founder Shares outstanding at such time (excluding plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement).

Forfeiture of Founder Shares. To the extent that the Underwriters do Underwriter does not exercise their its over-allotment option in full to purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the each Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number its pro rata share of up to 750,000 Founder Shares so in the aggregate, such that the number of Founder Shares will equal 20% of the sum of the total number of issued and outstanding Class A Ordinary Shares after the Public Offering (excluding the number of Ordinary and Founder Shares be sold pursuant to the Forward Purchase Agreement)outstanding at such time. The Each Sponsor and Insiders each Insider, severally and not jointly, further agree agrees that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Class A Ordinary Shares and Founder Shares outstanding at such time (excluding the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement)time.

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their over-allotment option to purchase up to 3,750,000 additional Units within 45 days from the date of the Prospectus in full or in part (as further described in the Prospectus), each of the Sponsor agrees Sponsors agree to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares (as allocated among the Sponsors as set forth on Exhibit A) so that the number of Founder Shares that remains outstanding after such forfeiture will equal 2020.0% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding the number of Ordinary and Founder Shares be sold pursuant to the Forward Purchase Agreement)outstanding at such time. The Sponsor and Insiders Initial Shareholders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchaserepurchase or redemption, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 2020.0% of the sum of the total number of issued and outstanding Ordinary Shares outstanding at such time (excluding the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement)time.

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase up to an additional 10,800,000 Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding and Founder Shares outstanding at such time plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement). The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares and Founder Shares outstanding at such time (excluding plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement).