Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 14 contracts
Samples: Underwriting Agreement (Project Energy Reimagined Acquisition Corp.), Underwriting Agreement (Project Energy Reimagined Acquisition Corp.), Warrant Agreement (Skydeck Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 8 contracts
Samples: Administrative Services Agreement (KnightSwan Acquisition Corp), Underwriting Agreement (KnightSwan Acquisition Corp), Underwriting Agreement (DP Cap Acquisition Corp I)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 6 contracts
Samples: Underwriting Agreement (Isos Acquisition Corp.), Underwriting Agreement (Kensington Capital Acquisition Corp. II), Underwriting Agreement (Spring Valley Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 375,000 by (b) a fraction, (i) the numerator of which is 3,750,000 1,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0001,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 5 contracts
Samples: Underwriting Agreement (Forbion European Acquisition Corp.), Underwriting Agreement (LAVA Medtech Acquisition Corp.), Underwriting Agreement (Consonance-HFW Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (ai) 937,500 750,000 by (bii) a fraction, (iA) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (iiB) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 5 contracts
Samples: Underwriting Agreement (Shelter Acquisition Corp I), Underwriting Agreement (Shelter Acquisition Corp I), Underwriting Agreement (Shelter Acquisition Corp I)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 656,250 by (b) a fraction, (i) the numerator of which is 3,750,000 2,625,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0002,625,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 5 contracts
Samples: Underwriting Agreement (Games & Esports Experience Acquisition Corp.), Underwriting Agreement (Delwinds Insurance Acquisition Corp.), Underwriting Agreement (Kensington Capital Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 562,500 by (b) a fraction, (i) the numerator of which is 3,750,000 2,250,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0002,250,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 4 contracts
Samples: Underwriting Agreement (Games & Esports Experience Acquisition Corp.), Underwriting Agreement (Population Health Investment Co., Inc.), Underwriting Agreement (Population Health Investment Co., Inc.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 843,750 by (b) a fraction, (i) the numerator of which is 3,750,000 3,375,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,375,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 4 contracts
Samples: Underwriting Agreement (Isos Acquisition Corp.), Kensington Capital Acquisition Corp. V, Global Synergy Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units Shares purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 4 contracts
Samples: Underwriting Agreement (DA32 Life Science Tech Acquisition Corp.), Underwriting Agreement (DA32 Life Science Tech Acquisition Corp.), Underwriting Agreement (Dynamics Special Purpose Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 3 contracts
Samples: Underwriting Agreement (ScION Tech Growth II), Underwriting Agreement (ScION Tech Growth II), ScION Tech Growth II
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, PA-2 Co-Investment and the CH Founder Share Subscribers, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 3 contracts
Samples: Underwriting Agreement (890 5th Avenue Partners, Inc.), Underwriting Agreement (890 5th Avenue Partners, Inc.), 890 5th Avenue Partners, Inc.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 3 contracts
Samples: McAp Acquisition Corp, Atlantic Avenue Acquisition Corp, Atlantic Street Acquisition Corp
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 3 contracts
Samples: Patria Latin American Opportunity Acquisition Corp., Patria Latin American Opportunity Acquisition Corp., Patria Latin American Opportunity Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 3 contracts
Samples: Underwriting Agreement (JOFF Fintech Acquisition Corp.), Underwriting Agreement (JOFF Fintech Acquisition Corp.), Aequi Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 3 contracts
Samples: Underwriting Agreement (Excelsa Acquisition Corp.), Underwriting Agreement (Excelsa Acquisition Corp.), Patria Latin American Opportunity Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorHoldco, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ll).
Appears in 2 contracts
Samples: Spring Valley Acquisition Corp. II, Spring Valley Acquisition Corp. II
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 2 contracts
Samples: Underwriting Agreement (Novus Capital Corp II), Underwriting Agreement (Novus Capital Corp II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 187,500 by (b) a fraction, (i) the numerator of which is 3,750,000 750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 2 contracts
Samples: Underwriting Agreement (Lakeshore Acquisition I Corp.), Underwriting Agreement (Lakeshore Acquisition I Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment overallotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Underwriting Agreement (Catcha Investment Corp 2.0), Underwriting Agreement (Catcha Investment Corp)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,285,714 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Kensington Capital Acquisition Corp. IV, Kensington Capital Acquisition Corp. IV
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Underwriting Agreement (FAST Acquisition Corp.), Underwriting Agreement (FAST Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,000,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: SOAR Technology Acquisition Corp., SOAR Technology Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 900,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,600,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,600,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Kensington Capital Acquisition Corp. V, Crown PropTech Acquisitions
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ Underwriter’s over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3.000,000 minus the number of Option Units purchased by the Underwriters Underwriter upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their Underwriter exercises its over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 2 contracts
Samples: Underwriting Agreement (AF Acquisition Corp.), AF Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Supernova Partners Acquisition Co II, Ltd., Freedom Acquisition I Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,312,500 by (b) a fraction, (i) the numerator of which is 3,750,000 5,250,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0005,250,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Underwriting Agreement (BowX Acquisition Corp.), Underwriting Agreement (BowX Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and Xxxxx Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Underwriting Agreement (Chain Bridge I), Trust Agreement (Foresight Acquisition Corp. II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorShares, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 562,500 by (b) a fraction, (i) the numerator of which is 3,750,000 2,250,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0002,250,000, in each case, in proportion to the number of Founder Shares purchased by each Founder. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 2 contracts
Samples: Arena Fortify Acquisition Corp., Arena Fortify Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 562,500 by (b) a fraction, (i) the numerator of which is 3,750,000 2,250,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0002,250,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Graf Acquisition Corp. IV, Graf Acquisition Corp. IV
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Graf Acquisition Corp. III, Supernova Partners Acquisition Company, Inc.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorHoldco, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Underwriting Agreement (Spring Valley Acquisition Corp.), Spring Valley Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,875,000 by (b) a fraction, (i) the numerator of which is 3,750,000 7,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0007,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Longview Acquisition Corp. II, Longview Acquisition Corp. II
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,725,000 by (b) a fraction, (i) the numerator of which is 3,750,000 900,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000900,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Underwriting Agreement (Trailblazer Merger Corp I), Underwriting Agreement (Trailblazer Merger Corp I)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment optionoption with respect to the Option Units, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (ai) 937,500 1,125,000 by (bii) a fraction, (iA) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (iiB) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Underwriting Agreement (Northern Genesis Acquisition Corp. II), Underwriting Agreement (Northern Genesis Acquisition Corp. II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,875,000 by (b) a fraction, (i) the numerator of which is 3,750,000 7,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0007,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 2 contracts
Samples: Underwriting Agreement (ScION Tech Growth I), ScION Tech Growth I
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and Xxxxx Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment optionoption with respect to the Option Units, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment optionoption with respect to the Option Units, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (ai) 937,500 by (bii) a fraction, (iA) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their its over-allotment option, and (iiB) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Samples: Underwriting Agreement (Silverman Acquisition Corp I)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorShares, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000, in each case, in proportion to the number of Founder Shares purchased by each Founder. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Samples: Arena Fortify Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Samples: Golden Falcon Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,031,250 by (b) a fraction, (i) the numerator of which is 3,750,000 4,125,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,125,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Samples: McAp Acquisition Corp
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,031,250 by (b) a fraction, (i) the numerator of which is 3,750,000 4,125,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,125,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Samples: Administrative Services Agreement (CHP Merger Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 375,000 by (b) a fraction, (i) the numerator of which is 3,750,000 1,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0001,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Samples: PROTONIQ Acquisition Corp
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,350,000 by (b) a fraction, (i) the numerator of which is 3,750,000 5,400,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0005,400,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Samples: Underwriting Agreement (JOFF Fintech Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and Cxxxx Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and Cxxxx Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,125,000 by (b) a fraction, (i) the numerator of which is 3,750,000 4,500,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,500,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,031,250 by (b) a fraction, (i) the numerator of which is 3,750,000 4,125,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,125,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment overallotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Samples: Administrative Services Agreement (Catcha Investment Corp)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 2,250,000 by (b) a fraction, (i) the numerator of which is 3,750,000 9,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0009,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Samples: Underwriting Agreement (Longview Acquisition Corp. II)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorHoldco, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ll).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and Xxxxx Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ Underwriters over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsors and the Anchor Investors, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Samples: Forward Purchase Agreement (Israel Amplify Program Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 412,500 by (b) a fraction, (i) the numerator of which is 3,750,000 1,650,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0001,650,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Samples: Forbion European Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and Xxxxx Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and Xxxxx Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,031,250 by (b) a fraction, (i) the numerator of which is 3,750,000 4,125,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0004,125,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and Jxxxx, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 843,750 by (b) a fraction, (i) the numerator of which is 3,750,000 3,375,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,375,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Samples: Underwriting Agreement (Seven Oaks Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 187,500 by (b) a fraction, (i) the numerator of which is 3,750,000 750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Samples: Bombax Healthcare Acquisition Corp
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 583,333 by (b) a fraction, (i) the numerator of which is 3,750,000 5,250,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0005,250,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 750,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,000,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment overallotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 1,312,500 by (b) a fraction, (i) the numerator of which is 3,750,000 5,250,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0005,250,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 300,000 by (b) a fraction, (i) the numerator of which is 3,750,000 1,200,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0001,200,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Samples: Underwriting Agreement (Consonance-HFW Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, pro rata, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 843,750 by (b) a fraction, (i) the numerator of which is 3,750,000 3,375,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,375,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Samples: Graf Acquisition Corp. II
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the SponsorSponsor and Xxxxx Investments, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 900,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,600,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,600,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj4(ii).
Appears in 1 contract
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsorholders thereof, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the any Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
Samples: Golden Falcon Acquisition Corp.
Forfeiture. Upon the earlier to occur of the expiration and or termination of the Underwriters’ over-allotment optionoption to purchase additional units, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, Sponsor in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 by (b) a fraction, (i) the numerator of which is 3,750,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment optionoption to purchase additional units, and (ii) the denominator of which is 3,750,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option to purchase additional units in full, the Company shall not cancel or otherwise effect affect the forfeiture of the Founder Shares pursuant to this Section 4(jj)subsection.
Appears in 1 contract
Samples: Underwriting Agreement (Act II Global Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and or termination of the Underwriters’ over-allotment optionoption to purchase additional units, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, Sponsor in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 978,750 by (b) a fraction, (i) the numerator of which is 3,750,000 3,915,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment optionoption to purchase additional units, and (ii) the denominator of which is 3,750,0003,915,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option to purchase additional units in full, the Company shall not cancel or otherwise effect affect the forfeiture of the Founder Shares pursuant to this Section 4(jj)subsection.
Appears in 1 contract
Samples: Underwriting Agreement (Act II Global Acquisition Corp.)
Forfeiture. Upon the earlier to occur of the expiration and termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor, in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 937,500 975,000 by (b) a fraction, (i) the numerator of which is 3,750,000 3,900,000 minus the number of Option Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,0003,900,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of the Founder Shares pursuant to this Section 4(jj).
Appears in 1 contract
