Sponsor Share definition

Sponsor Share means a share of Acquiror Common Stock held by any of the Sponsors as of immediately prior to the Effective Time.
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Sponsor Share means a share of Class B common stock of SPAC, par value $0.0001 per share.
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Sponsor Share means a share of LACQ Common Stock held by a Sponsor or its Affiliates.
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Examples of Sponsor Share in a sentence

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

  • If an Early Termination Event specified in Section 10.04 occurs, the Trust shall be dissolved, and one Sponsor Share shall be distributed to each Shareholder in exchange for each outstanding Share.

  • Any such distributions or dividends shall be allocated to Shareholders in the same amounts as any such allocations were made per Sponsor Share by the Sponsor.

  • The purposes of the Trust are to (i) issue Shares represented by the Share Certificates, each such Share representing an undivided beneficial interest in one underlying Sponsor Share owned by the Trust, in exchange for Sponsor Shares, (ii) own the Sponsor Shares and (iii) engage in such other activities as are set forth in this Agreement.

  • The Parties intend that the Sponsor Share Conversion will be treated as a tax-free recapitalization under Section 368(a)(1)(E) of the Internal Revenue Code of 1986, as amended.

  • For purposes of this Section 4, Registrable Securities shall include, as of any date of determination, the Subscribed Shares, the Transferred Sponsor Shares and any other equity security of the Issuer issued or issuable with respect to the Subscribed Shares or Transferred Sponsor Share by way of share split, dividend, distribution, recapitalization, merger, exchange, replacement or similar event or otherwise.

  • HCAM acknowledges that it may, at is option and in its sole discretion, affect the Sponsor Share Purchases at any time prior to the meeting of GCAC stockholders where such stockholders will vote to approve the Acquisitions (the “Special Meeting”).

  • HCAM hereby agrees that the Sponsor Share Purchases will be in compliance with all federal and state laws and regulations, including the Securities Exchange Act of 1934, as amended.

  • The Parties intend that the Sponsor Share Conversion and Sponsor Warrant Conversion will be treated as a tax-free recapitalization under Section 368(a)(1)(E) of the Internal Revenue Code of 1986, as amended.

  • The Share Repurchase Option may only be exercised by written notification from HCAM to GCAC that HCAM has chosen to exercise the Share Repurchase Option with respect to all or any part of the GCAC shares acquired through the Sponsor Share Purchases within one day prior to the Special Meeting.


More Definitions of Sponsor Share

Sponsor Share means a limited liability company interest in the Sponsor within the meaning of the Delaware Limited Liability Company Act, 6 Del. C. Section 18-101 et seq., as amended from time to time, and includes any and all benefits to which the holder of Sponsor Shares may be entitled as provided in the Sponsor Agreement, together with all obligations of such Person to comply with the terms and provisions of the Sponsor Agreement.
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Related to Sponsor Share

  • Sponsor Shares shall have the meaning given in the Recitals hereto.

  • Sponsor Group means the Sponsors and the Sponsor Related Parties.

  • car-share means the practice where a number of people share the use of one or more cars that are owned by a profit or non-profit car-sharing organization and where such organization may require that use of cars to be reserved in advance, charge fees based on time and/or kilometres driven, and set membership requirements of the car-sharing organization, including the payment of a membership fee that may or may not be refundable;

  • Sponsor Fair Market Value means the average last reported sale price of the Ordinary Shares for the ten (10) trading days ending on the third (3rd) trading day prior to the date on which notice of exercise of the Private Placement Warrant is sent to the Warrant Agent;

  • Contribution Share means, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan Parties other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 10.06 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Obligations.

  • Unit Share means a Common Share comprising part of each Unit;

  • Participating Share or “Share” means the Participating Shares of no par value in the

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Investor Shares shall have the meaning given in the Recitals hereto.

  • Membership Units means membership interests in the Company.

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • REIT Share means a share of common stock, par value $0.01 per share, of the General Partner.

  • Public Share means a Class A Share issued as part of the units (as described in the Articles) issued in the IPO.

  • equity share means any share of any class of shares of a company carrying voting rights under all circumstances and any share of any class of shares carrying voting rights by reason of the occurrence of any contingency that has occurred and is continuing; (“action participante”)

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Common Share Equivalent shall have the meaning ascribed to it in Section 11(a)(iii) hereof.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Management Unit means an area established by the Commission for management purposes.

  • Fractional Share means a fractional share in the ICAV issued in accordance with Section 12.5.

  • Class B Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.