Common use of Redemption and Liquidation Clause in Contracts

Redemption and Liquidation. The Purchaser hereby waives, with respect to any Sponsor Founder Shares (including the Class A Shares into which such Sponsor Founder Shares are convertible) held by it, any redemption rights it may have in connection with (i) the consummation of a Business Combination, including, without limitation, any such rights available in the context of a shareholder vote to approve such Business Combination and (ii) any shareholder vote to approve an amendment to the Articles to modify the substance or timing of the Company’s obligation to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the Purchaser shall be entitled to redemption and liquidation rights with respect to any Public Shares held by it.

Appears in 2 contracts

Sources: Forward Purchase Agreement (Regalwood Global Energy Ltd.), Forward Purchase Agreement (Regalwood Global Energy Ltd.)

Redemption and Liquidation. The Purchaser Purchasers hereby waiveswaive, with respect to any Sponsor Founder Forward Purchase Shares (including the Class A Shares into which such Sponsor Founder Shares are convertible) held by it, any redemption rights it may have in connection with (i) the consummation of a the initial Business Combination, including, without limitation, any such rights available in the context of a shareholder stockholder vote to approve such Business Combination and (ii) any shareholder stockholder vote to approve an amendment to the Articles Charter to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing (or such later date as has been approved by an amendment to the Charter) or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the Purchaser Purchasers shall be entitled to redemption and liquidation rights with respect to any Public Shares held by itthem.

Appears in 2 contracts

Sources: Forward Purchase Agreement (Lux Health Tech Acquisition Corp.), Forward Purchase Agreement (Lux Health Tech Acquisition Corp.)

Redemption and Liquidation. The Purchaser hereby waives, with respect to any Sponsor Founder Shares (including the Class A Shares into which such Sponsor Founder Shares are convertible) held by it, any redemption rights it may have in connection with (i) the consummation of a Business Combination, including, without limitation, any such rights available in the context of a shareholder stockholder vote to approve such Business Combination and (ii) any shareholder stockholder vote to approve an amendment to the Articles Charter to modify the substance or timing of the Company’s obligation to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the Purchaser shall be entitled to redemption and liquidation rights with respect to any Public Shares held by it.

Appears in 1 contract

Sources: Forward Purchase Agreement (Vantage Energy Acquisition Corp.)

Redemption and Liquidation. The Purchaser hereby waiveswaives (on behalf of itself and the Sponsor), with respect to any Sponsor Founder Shares (including the Class A Shares into which such Sponsor Founder Shares are convertible) held by itit or the Sponsor, any redemption rights it or the Sponsor may have in connection with (i) the consummation of a Business Combination, including, without limitation, any such rights available in the context of a shareholder stockholder vote to approve such Business Combination and (ii) any shareholder stockholder vote to approve an amendment to the Articles Charter to modify the substance or timing of the Company’s obligation to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the Purchaser shall be entitled to redemption and liquidation rights with respect to any Public Shares held by it.

Appears in 1 contract

Sources: Forward Purchase Agreement (Silver Run Acquisition Corp II)

Redemption and Liquidation. The Purchaser hereby waives, with respect to any Sponsor Founder Shares (including the Class A Shares into which such Sponsor Founder Shares are convertible) held by it, any redemption rights it may have in connection with (ixxvi) the consummation of a Business Combination, including, without limitation, any such rights available in the context of a shareholder stockholder vote to approve such Business Combination and (iixxvii) any shareholder stockholder vote to approve an amendment to the Articles Charter to modify the substance or timing of the Company’s obligation to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the Purchaser shall be entitled to redemption and liquidation rights with respect to any Public Shares held by it.

Appears in 1 contract

Sources: Forward Purchase Agreement (Vantage Energy Acquisition Corp.)

Redemption and Liquidation. The Purchaser hereby waives, with respect to any Sponsor Founder Class B Shares (including the Class A Shares and/or Class C Shares into which such Sponsor Founder Class B Shares are convertible) held by it, any redemption rights it may have in connection with (i) the consummation of a Business Combination, including, without limitation, including any such rights available in the context of a shareholder vote to approve such Business Combination and (ii) any shareholder vote to approve an amendment to the Articles to modify Charter that would affect the substance or timing of the Company’s obligation to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the IPO Closing time period set forth in the Charter or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the the. Purchaser shall be entitled to redemption and liquidation rights with respect to any Public Shares held by it.

Appears in 1 contract

Sources: Forward Purchase Agreement (One Madison Corp)