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

Acquisition of Shares by Third Party. Other than an affiliate of Deep Lake Capital Sponsor LP (the “Sponsor”), any Person 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 and such acquisition would not constitute a Change in Control under part (iii) of this definition; (ii)

Appears in 6 contracts

Samples: Indemnification Agreement (Deep Lake Capital Acquisition Corp.), Indemnification Agreement (Deep Lake Capital Acquisition Corp.), Indemnification Agreement (Deep Lake Capital Acquisition Corp.)

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Acquisition of Shares by Third Party. Other than an affiliate of Deep Lake Capital Sponsor LP (the “Sponsor”), any Person 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 and such acquisition would not constitute a Change in Control under part (iii) of this definition; (ii);

Appears in 2 contracts

Samples: Indemnification Agreement (Deep Lake Capital Acquisition Corp.), Indemnity Agreement (Deep Lake Capital Acquisition Corp.)

Acquisition of Shares by Third Party. Other than an affiliate of Deep Mountain Lake Capital Acquisition Sponsor LP LLC (the “Sponsor”), any Person (as defined below) 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; (ii);

Appears in 2 contracts

Samples: Indemnification & Liability (Mountain Lake Acquisition Corp.), Indemnification Agreement (Mountain Lake Acquisition Corp.)

Acquisition of Shares by Third Party. Other than an affiliate of Deep Lake Capital Sponsor Swiftmerge Holdings, LP (the “Sponsor”), any Person 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 and such acquisition would not constitute a Change in Control under part (iii) of this definition; (ii);

Appears in 2 contracts

Samples: Indemnification Agreement (Swiftmerge Acquisition Corp.), Indemnification Agreement (Swiftmerge Acquisition Corp.)

Acquisition of Shares by Third Party. Other than an affiliate of Deep Lake Alchemy DeepTech Capital Sponsor LP LLC (the “Sponsor”), 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; (ii);

Appears in 1 contract

Samples: Indemnification Agreement (Alchemy Investments Acquisition Corp 1)

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Acquisition of Shares by Third Party. Other than an affiliate of Deep Lake Capital Spitfire Sponsor LP LLC (the “Sponsor”), any Person 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 and such acquisition would not constitute a Change in Control under part (iii) of this definition; (ii);

Appears in 1 contract

Samples: Indemnification Agreement (JAWS Spitfire Acquisition Corp)

Acquisition of Shares by Third Party. Other than an affiliate of Deep Lake Capital Sponsor LP Skydeck Management LLC (the “Sponsor”), any Person 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 and such acquisition would not constitute a Change in Control under part (iii) of this definition; (ii);

Appears in 1 contract

Samples: Indemnity Agreement (Skydeck Acquisition Corp.)

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