Common use of Issuance of Certificates Clause in Contracts

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware law.

Appears in 23 contracts

Samples: Rights Agreement (Hudson Acquisition I Corp.), Rights Agreement (Hudson Acquisition I Corp.), Rights Agreement (Broad Capital Acquisition Corp)

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Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up down to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware law.

Appears in 18 contracts

Samples: Rights Agreement (Bellevue Life Sciences Acquisition Corp.), Rights Agreement (Bellevue Life Sciences Acquisition Corp.), Rights Agreement (Bellevue Life Sciences Acquisition Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware British Virgin Islands law.

Appears in 15 contracts

Samples: Rights Agreement (JVSPAC Acquisition Corp.), Rights Agreement (JVSPAC Acquisition Corp.), Rights Agreement (TechyBird Acquisition Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up down to the nearest whole share of Common Stock Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware Cayman Islands law.

Appears in 11 contracts

Samples: Rights Agreement (Aquarius II Acquisition Corp.), Rights Agreement (Aquarius II Acquisition Corp.), Rights Agreement (Aquarius II Acquisition Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up down to the nearest whole share of Common Stock Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware British Virgin Islands law.

Appears in 9 contracts

Samples: Rights Agreement (8i Acquisition 2 Corp.), Rights Agreement (8i Acquisition 2 Corp.), Rights Agreement (HHG Capital Corp)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware law.

Appears in 9 contracts

Samples: Rights Agreement (CO2 Energy Transition Corp.), Form of Rights Agreement (EF Hutton Acquisition Corp I), Form of Rights Agreement (EF Hutton Acquisition Corp I)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware British Virgin Islands law.

Appears in 7 contracts

Samples: Rights Agreement (AGBA Acquisition LTD), Rights Agreement (AGBA Acquisition LTD), Rights Agreement (8i Enterprises Acquisition Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware Cayman Islands law.

Appears in 7 contracts

Samples: Rights Agreement (Mars Acquisition Corp.), Rights Agreement (Mars Acquisition Corp.), Rights Agreement (Mars Acquisition Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware Cayman Islands law.

Appears in 7 contracts

Samples: Rights Agreement (Aimei Health Technology Co., Ltd.), Rights Agreement (Aimei Health Technology Co., Ltd.), Rights Agreement (Aimei Health Technology Co., Ltd.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct registered holders of the Rights to return their Rights Right Certificates to the Right Agent. If Rights Agent subject to dissenter rights as provided in the applicable law if any in the event that the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Right Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Rights Agent to round up down to the nearest whole share of Common Stock Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware lawCayman Islands law as the same may be amended from time to time.

Appears in 6 contracts

Samples: Rights Agreement (Bayview Acquisition Corp), Rights Agreement (Bayview Acquisition Corp), Rights Agreement (Alphatime Acquisition Corp)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct registered holders of the Rights to return their Rights Certificates to the Right Agent. If Agent subject to dissenter rights as provided in the applicable law if any in the event that the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares share of Class A Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up down to the nearest whole share of Class A Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware lawGeneral Corporate Law as the same may be amended from time to time.

Appears in 5 contracts

Samples: Rights Agreement (Feutune Light Acquisition Corp), Rights Agreement (Feutune Light Acquisition Corp), Rights Agreement (Prime Number Acquisition I Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware law.

Appears in 4 contracts

Samples: Rights Agreement (BCGF Acquisition Corp.), Rights Agreement (Cetus Capital Acquisition Corp.), Rights Agreement (Cetus Capital Acquisition Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware Cayman Island law.

Appears in 4 contracts

Samples: Rights Agreement (Lakeshore Acquisition II Corp.), Rights Agreement (Lakeshore Acquisition II Corp.), Rights Agreement (Lakeshore Acquisition II Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will either instruct the Right Agent to round up to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Section 155 of the Delaware lawGeneral Corporation Law.

Appears in 3 contracts

Samples: Rights Agreement (Orisun Acquisition Corp.), Rights Agreement (Atlantic Acquisition Corp.), Rights Agreement (Atlantic Acquisition Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Right Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Right Certificate, the Right Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up down to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware law.

Appears in 2 contracts

Samples: Rights Agreement (Welsbach Technology Metals Acquisition Corp.), Rights Agreement (Welsbach Technology Metals Acquisition Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue to the registered holder of such Right(s) Rights a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up down to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware lawStock.

Appears in 2 contracts

Samples: Rights Agreement (Noble Education Acquisition Corp.), Rights Agreement (Noble Education Acquisition Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Class A Ordinary Share to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares of Class A Ordinary Share upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up down to the nearest whole share shares of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware lawClass A Ordinary Share.

Appears in 2 contracts

Samples: Rights Agreement (Jade Value Acquisition Corp), Rights Agreement (Apollo Acquisition Corp)

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Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Rights Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Rights Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Rights Agent to round up down to the nearest whole share of Common Stock Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware British Virgin Islands law.

Appears in 2 contracts

Samples: Rights Agreement (SPAC II Acquisition Corp.), Rights Agreement (ASPAC I Acquisition Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware Cayman law.

Appears in 2 contracts

Samples: Rights Agreement (Global Star Acquisition Inc.), Rights Agreement (Global Star Acquisition Inc.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware lawStock.

Appears in 2 contracts

Samples: Rights Agreement (Clover Leaf Capital Corp.), Rights Agreement (Clover Leaf Capital Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue to the registered holder of such Right(s) Rights a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware law.

Appears in 2 contracts

Samples: Rights Agreement (Fintech Ecosystem Development Corp.), Rights Agreement (Fintech Ecosystem Development Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Detachable Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Detachable Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Detachable Rights. The Company shall not issue fractional shares upon exchange of Detachable Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware lawStock.

Appears in 1 contract

Samples: Rights Agreement (Clover Leaf Capital Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up down to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware lawGeneral Corporation Law.

Appears in 1 contract

Samples: Rights Agreement (Neo Technology Acquisition Corp)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Rights Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Rights Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Rights Agent to round up to the nearest whole share of Common Stock Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware Cayman Islands law.

Appears in 1 contract

Samples: Rights Agreement (Verity Acquisition Corp)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct registered holders of the Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the registered holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent Company shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up down to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware lawGeneral Corporation Law.

Appears in 1 contract

Samples: Rights Agreement (Neo Technology Acquisition Corp)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Detachable Rights to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the holder of Detachable Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Detachable Rights. The Company shall not issue fractional shares upon exchange of Detachable Rights. At the time of the Exchange Event, the Company will instruct the Right Agent to round up to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be addressed in accordance with Delaware law.

Appears in 1 contract

Samples: Rights Agreement (Clover Leaf Capital Corp.)

Issuance of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights to return their Rights Certificates to the Right Rights Agent. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Rights Agent shall issue to the registered holder of such Right(s) a certificate or certificates for the number of full shares of Common Stock Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right Rights Agent to round up down to the nearest whole share of Common Stock Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Delaware Cayman Islands law.

Appears in 1 contract

Samples: Form of Rights Agreement (Love & Health LTD)

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