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

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

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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

Samples: Indemnity Agreement (GP-Act III Acquisition Corp.), Indemnity Agreement (GP-Act III Acquisition Corp.), Indemnity Agreement (GP-Act III Acquisition Corp.)

Acquisition of Shares by Third Party. Other than Tristar Holdings I LLCan affiliate of Moringa 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 8 contracts

Samples: Form of Indemnity Agreement (Moringa Acquisition Corp), Form of Indemnity Agreement (Moringa Acquisition Corp), Form of Indemnity Agreement (Moringa Acquisition Corp)

Acquisition of Shares by Third Party. Other than Tristar Holdings I LLCan affiliate of Cactus Healthcare Management 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 7 contracts

Samples: Indemnity Agreement (Cactus Acquisition Corp. 1 LTD), Indemnity Agreement (Cactus Acquisition Corp. 1 LTD), Indemnity Agreement (Cactus Acquisition Corp. 1 LTD)

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

Samples: Indemnity Agreement (Consilium Acquisition Corp I, Ltd.), Indemnity Agreement (Consilium Acquisition Corp I, Ltd.), Indemnity 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

Samples: Form of Indemnity Agreement (LIV Capital Acquisition Corp. II), Form of Indemnity Agreement (LIV Capital Acquisition Corp. II), Form of 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

Samples: Form of Indemnity Agreement (LIV Capital Acquisition Corp.), Form of Indemnity Agreement (LIV Capital Acquisition Corp.), Form of Indemnity Agreement (LIV Capital Acquisition Corp.)

Acquisition of Shares by Third Party. Other than Tristar Holdings I LLCan affiliate of LIV Capital Acquisition Sponsor, X.X. XX, 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

Samples: Form of Indemnity Agreement (LIV Capital Acquisition Corp. II), Form of Indemnity Agreement (LIV Capital Acquisition Corp. II)

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

Samples: Form of Indemnity Agreement (Spree Acquisition Corp. 1 LTD)

Acquisition of Shares by Third Party. Other than Tristar Holdings I an affiliate of TechyBird 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

Samples: Form of Indemnity Agreement (TechyBird Acquisition Corp.)

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

Samples: Form of Indemnity Agreement (Blockchain Coinvestors Acquisition Corp. I)

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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

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

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

Samples: Indemnification Agreement (Spartan Acquisition Corp. IV)

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

Samples: Form of Indemnification Agreement (Tortoise 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

Samples: Indemnification Agreement (TortoiseEcofin Acquisition Corp. III)

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

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

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

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

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