Common use of Exclusion of Private Placement Warrants Clause in Contracts

Exclusion of Private Placement Warrants. The Company agrees that the redemption rights provided in Section 6.1 shall not apply to the Private Placement Warrants if at the time of the redemption such Private Placement Warrants continue to be held by the initial holder thereof or its Permitted Transferees. Private Placement Warrants that are transferred to persons other than Permitted Transferees shall upon such transfer cease to be Private Placement Warrants and shall become Public Warrants under this Agreement and shall be subject to redemption on the same basis and subject to the same terms and conditions as Public Warrants.

Appears in 2 contracts

Samples: Warrant Agreement (Post Holdings Partnering Corp), Warrant Agreement (Post Holdings Partnering Corp)

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Exclusion of Private Placement Warrants. The Company agrees that the redemption rights provided in this Section 6.1 6 hereof shall not apply to the Private Placement Warrants if at the time of the redemption Warrants. However, once such Private Placement Warrants continue are transferred (other than to be held by Permitted Transferees in accordance with Section 2.6 hereof), the initial holder thereof Company may redeem the Private Placement Warrants pursuant to Section 6.1 or its Permitted Transferees6.2 hereof, provided that the criteria for redemption are met. Private Placement Warrants that are transferred to persons other than Permitted Transferees shall upon such transfer cease to be Private Placement Warrants and shall become Public Warrants under this Agreement and shall be subject to redemption on the same basis and subject to the same terms and conditions as Public WarrantsAgreement, including for purposes of Section 9.8 hereof.

Appears in 2 contracts

Samples: Warrant Agreement (Ajax I), Warrant Agreement (Ajax I)

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Exclusion of Private Placement Warrants. The Company agrees that the redemption rights provided in Section 6.1 and Section 6.2 shall not apply to the Private Placement Warrants if at the time of the redemption such Private Placement Warrants continue to be held by the initial holder thereof or its Permitted Transferees. Private Placement Warrants that are transferred to persons other than Permitted Transferees shall upon such transfer cease to be Private Placement Warrants and shall become Public Warrants under this Agreement and shall be subject to redemption on the same basis and subject to the same terms and conditions as Public Warrants.

Appears in 1 contract

Samples: Warrant Agreement (Post Holdings Partnering Corp)

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