Common use of Company Not Surviving Following Exchange Event Clause in Contracts

Company Not Surviving Following Exchange Event. If the Exchange Event results in the Company not continuing as the publicly held reporting entity under the Securities and Exchange Act of 1934, as amended, the definitive agreement with the target business for a Business Combination will provide for the holders of Rights to receive the same per share consideration the holders of the shares of common stock will receive in such transaction, for the number of shares such holder is entitled to pursuant to Section 3.1 above. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to convert the Rights in order to receive the shares underlying such Rights and must return the Rights certificates to the Company.

Company Not Surviving Following Exchange Event. If the Exchange Event results in the Company not continuing as the publicly held reporting entity under the Securities and Exchange Act of 1934, as amendedentity, the definitive agreement with the target business for a Business Combination will provide for the holders of Rights to receive the same per share consideration the holders of the ordinary shares of common stock will receive in such transaction, for the number of shares such holder is entitled to pursuant to Section 3.1 above. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect to convert the Rights in order to receive the shares underlying such Rights and must return the Rights certificates to the Company.