Non-Redemption. Each Sponsor Party hereby irrevocably and unconditionally agrees that if SPAC seeks shareholder approval of (a) the transactions contemplated by the Business Combination Agreement or any Transaction Agreement or (b) the Extension Proposal, it or he shall not redeem any SPAC Shares owned by it or him in connection with any such shareholder approval. This Section 1 shall be void and of no force and effect if the Business Combination Agreement shall be terminated in accordance with its terms.
Appears in 1 contract
Sources: Sponsor Support Agreement (Rose Hill Acquisition Corp)
Non-Redemption. Each Sponsor Party hereby irrevocably and unconditionally agrees that if SPAC seeks shareholder approval of (a) the transactions contemplated by the Business Combination Agreement or any Transaction Agreement or (b) any proposal to extend the Extension Proposalperiod of time in which SPAC must complete its initial business combination under its Governing Documents, it or he shall not redeem any SPAC Shares owned by it or him in connection with any such shareholder approval. This Section 1 shall be void and of no force and effect if the Business Combination Agreement shall be terminated in accordance with its terms.
Appears in 1 contract
Sources: Sponsor Support Agreement (Jaguar Global Growth Corp I)