Limited Redemption Rights Clause Samples

Limited Redemption Rights. Notwithstanding anything contained in this Agreement to the contrary, nothing in this Article VI shall apply to or include the Millenium Warrants, which Millenium Warrants shall not be redeemable hereunder.

Limited Redemption Rights. Pursuant to the terms of the Existing Warrant Agreement, the Company has the ability, in certain circumstances, to redeem all, but not less than all, of the outstanding Public Warrants (as defined in the Existing Warrant Agreement) on the terms, and subject to the conditions, set forth in the Existing Warrant Agreement (the “Redemption Right”). The Company agrees that the Redemption Right shall not apply to New Warrants if at the time of the exercise of the Redemption Right such New Warrants continue to be held by the Sponsors, partners or affiliates of the Sponsors or their Permitted Transferees. However, once such New Warrants are transferred (other than to a Sponsor’s partners or affiliates or Permitted Transferees under subsection 2.4.1), such transferred New Warrants shall be treated, for purposes of the Redemption Right, as if such New Warrants are Public Warrants, and the Company shall be entitled to redeem such New Warrants (provided that the criteria for redemption set forth in the Existing Warrant Agreement are met, including the opportunity of the holder of such New Warrants to exercise such New Warrants prior to redemption) along with the Public Warrants in accordance with the terms, and subject to the conditions, set forth in the Existing Warrant Agreement.