JAC Operating Expense Adjustment Clause Samples

JAC Operating Expense Adjustment. In the event that the Company funds JAC Operating Expenses prior to the Closing as contemplated by Section 2.7, the number of Sponsor Shares to which the Sponsors shall be entitled shall be decreased by the amount determined by dividing the amount of the JAC Operating Expenses funded by the Company (the “Company Funded Expenses”) by the Redemption Amount, and the number of Exchange Shares to which the Stockholders shall be entitled shall be correspondingly increased.