Common use of Acquisition of Shares by Third Party Clause in Contracts

Acquisition of Shares by Third Party. Other than Tristar Holdings I LLC, a Cayman Islands limited liability company (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 10 contracts

Sources: Indemnification Agreement (Tristar Acquisition I Corp.), Indemnification Agreement (Tristar Acquisition I Corp.), Indemnification Agreement (Tristar Acquisition I Corp.)

Acquisition of Shares by Third Party. Other than Tristar Holdings I (i) GP-Act III Sponsor LLC, a Cayman Islands limited liability company company, or (the ii) an affiliate of GP-Act III Sponsor LLC (each a SponsorSponsor Entity”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iiic) of this definition;

Appears in 8 contracts

Sources: Indemnification Agreement (GP-Act III Acquisition Corp.), Indemnification Agreement (GP-Act III Acquisition Corp.), Indemnification Agreement (GP-Act III Acquisition Corp.)

Acquisition of Shares by Third Party. Other than Tristar Holdings I an affiliate of Consilium Acquisition Sponsor I, LLC, a Cayman Islands limited liability company (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iiic) of this definition;

Appears in 7 contracts

Sources: Indemnification Agreement (Consilium Acquisition Corp I, Ltd.), Indemnification Agreement (Consilium Acquisition Corp I, Ltd.), Indemnification Agreement (Consilium Acquisition Corp I, Ltd.)

Acquisition of Shares by Third Party. Other than Tristar Holdings I LLCan affiliate of LIV Capital Acquisition Sponsor II, L.P., a Cayman Islands exempted limited liability company partnership (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 6 contracts

Sources: Indemnity Agreement (LIV Capital Acquisition Corp. II), Indemnification Agreement (LIV Capital Acquisition Corp. II), Indemnity Agreement (LIV Capital Acquisition Corp. II)

Acquisition of Shares by Third Party. Other than Tristar Holdings I LLCan affiliate of LIV Capital Acquisition Sponsor, L.P., a Cayman Islands exempted limited liability company partnership (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 6 contracts

Sources: Indemnification Agreement (LIV Capital Acquisition Corp.), Indemnity Agreement (LIV Capital Acquisition Corp.), Indemnification Agreement (LIV Capital Acquisition Corp.)

Acquisition of Shares by Third Party. Other than Tristar Holdings I Peridot Acquisition Sponsor III, LLC, a Cayman Islands Delaware limited liability company (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election appointment of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election appointment of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part clause (iii) of this definition;

Appears in 2 contracts

Sources: Indemnification Agreement (Peridot Acquisition Corp. III), Indemnification Agreement (Peridot Acquisition Corp. III)

Acquisition of Shares by Third Party. Other than Tristar an affiliate of Evolution Sponsor Holdings I LLC, a Cayman Islands limited liability company (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then issued and outstanding securities shares entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of issued and outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 2 contracts

Sources: Indemnity Agreement (Evolution Global Acquisition Corp), Indemnity Agreement (Evolution Global Acquisition Corp)

Acquisition of Shares by Third Party. Other than Tristar Holdings I LLCan affiliate of LIV Capital Acquisition Sponsor, ▇.▇. ▇▇, a Cayman Islands exempt limited liability company partnership (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 2 contracts

Sources: Indemnity Agreement (LIV Capital Acquisition Corp. II), Indemnity Agreement (LIV Capital Acquisition Corp. II)

Acquisition of Shares by Third Party. Other than Tristar Holdings I TortoiseEcofin Sponsor III LLC, a Cayman Islands limited liability company (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 1 contract

Sources: Indemnification Agreement (TortoiseEcofin Acquisition Corp. III)

Acquisition of Shares by Third Party. Other than Tristar Queen’s Gambit Holdings I LLC, a Cayman Islands Delaware limited liability company (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 1 contract

Sources: Indemnification Agreement (Queen's Gambit Growth Capital)

Acquisition of Shares by Third Party. Other than Tristar Holdings I Tortoise Sponsor II LLC, a Cayman Islands limited liability company (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 1 contract

Sources: Indemnification Agreement (Tortoise Acquisition Corp. II)

Acquisition of Shares by Third Party. Other than Tristar Holdings I Spartan Acquisition Sponsor IV LLC, a Cayman Islands Delaware limited liability company (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1A) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2B) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 1 contract

Sources: Indemnification Agreement (Spartan Acquisition Corp. IV)

Acquisition of Shares by Third Party. Other than Tristar Holdings Moose Pond NCV I Sponsor LLC, a Cayman Islands limited liability company (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 1 contract

Sources: Indemnity Agreement (Moose Pond Acquisition Corp, NCV I)

Acquisition of Shares by Third Party. Other than Tristar Holdings I LLCan affiliate of Spree Operandi, LP, a Cayman Islands exempted limited liability company partnership (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 1 contract

Sources: Indemnification Agreement (Spree Acquisition Corp. 1 LTD)

Acquisition of Shares by Third Party. Other than Tristar Queen’s Gambit Holdings I II LLC, a Cayman Islands Delaware limited liability company (the “Sponsor”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 1 contract

Sources: Indemnification Agreement (Queen's Gambit Growth Capital II)

Acquisition of Shares by Third Party. Other than Tristar Holdings Blockchain Coinvestors Acquisition Sponsors I LLC, a Cayman Islands Delaware limited liability company (the “Sponsor”), or any of the Sponsor’s its affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

Appears in 1 contract

Sources: Indemnification & Liability (Blockchain Coinvestors Acquisition Corp. I)

Acquisition of Shares by Third Party. Other than Tristar Holdings I (i) Quadriga Industries LLC, a Cayman Islands limited liability company company, or (the ii) an affiliate of Quadriga Industries LLC (each a SponsorSponsor Entity”), or any of the Sponsor’s affiliates, any Person (as defined below) who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iiic) of this definition;

Appears in 1 contract

Sources: Indemnification Agreement (MSM Frontier Capital Acquisition Corp.)