No Duplication of Rights. The Parties acknowledge and agree that each Warrant Holder shall be deemed as, as the case may be, the holders of the corresponding number of Preference Shares issuable upon conversion of the Warrant(s) held by it, on an as-converted and fully-diluted basis (as if such Warrant Holder has fully exercised its Warrant(s)) when calculating, determining and performing their respective entitlement to any rights, interests and/or any obligations arising from or attached to such Preference Shares for the purpose of the Transaction Agreements (for the avoidance of doubts, not including any rights, interests and/or obligations arising from or attached to such Preference Shares such Warrant Holder will be entitled to or subject to only after its exercise of its Warrant(s)), provided, however, that, in no event shall such Warrant Holder be entitled to any duplication of rights or interests in the Group Companies taken as a whole (including without limitation any economic, voting, governance or other shareholder rights).
No Duplication of Rights. The Parties acknowledge and agree that each Warrant Holder shall be deemed as, as the case may be, the holders of the corresponding number of Preference Shares issuable upon conversion of the Warrant held by it, on an as-converted and fully-diluted basis (as if such Warrant Holder has fully exercised its Warrant) when calculating, determining and performing their respective entitlement to any rights, interests and/or any obligations arising from or attached to such Preference Shares for the purpose of the Transaction Agreements, provided, however, that, in no event shall such Warrant Holder be entitled to any duplication of rights or interests in the Group Companies taken as a whole (including without limitation any economic, voting, governance or other shareholder rights).
No Duplication of Rights. The Parties acknowledge and agree that each Option Holder shall be deemed as, as the case may be, the holders of the corresponding number of Preference Shares issuable upon conversion of the Option held by it, on an as-converted and fully-diluted basis (as if each Option Holder had fully exercised its Option in accordance with the respective Option Agreement and the JV Entity was wholly-owned by the WFOE II) when calculating, determining and performing their respective entitlement to any rights, interests and/or any obligations arising from or attached to such Preference Shares for the purpose of the Transaction Agreements and/or the Existing Transaction Documents, provided, however, that, in no event shall any Option Holder be entitled to any duplication of rights or interests in the Group Companies taken as a whole (including without limitation any economic, voting, governance or other shareholder rights), or receive any duplication of dividend, distribution or other benefit, by reason of its holding of both equity interest in the JV Entity and the Option. Without prejudice to the Section 3.1 of the respective Option Agreement, if and to the extent, a Holder of the Option has exercised any right or received any dividend, distribution, equity purchase price (for its Equity Security in the Company) or other benefit in its capacity as a shareholder of the JV Entity, then it shall be deemed as having irrevocably waved and/or forfeited the right to exercise any equivalent right or receive any equivalent dividend, distribution, equity purchase price (for its Equity Security in the Company) or other benefit in its capacity as a Holder of the Option (whether or not its Option shall be deemed as fully exercised, exercisable or exercised hereunder). Without limiting the generality of the foregoing and without prejudice to the Section 3.1 of the respective Option Agreement, (a) if an Option Holder receives any dividend, distribution, equity purchase price (for its Equity Security in the Company) or other benefit in its capacity as a holder of the equity interest in the JV Entity, such amount shall be deducted from and offset against any amount such Option Holder otherwise may be entitled to receive hereunder whether on the basis that its Option is deemed exercised, exercisable or exercised, and vice versa, and (b) in no event shall the total amount of dividend, distribution, equity purchase price (for its Equity Security in the Company) or other benefit a Holder of...
No Duplication of Rights. The Parties acknowledge and agree that the covenants and agreements in this Article 3 supersede and replace (and are not in addition to) the covenants and agreements of the Parties with respect to the subject matter of this Agreement set forth in the letter agreements dated March 13, 2021 between SFLT, on the one hand, and each of the Company and RCT, on the other hand.
No Duplication of Rights. Upon any Transfer of the Anchor Investors Securities or Dvara Securities, if such Transfer is along with the rights attached to the Securities so transferred, then the purchaser of such Securities shall be entitled to all the rights of such Anchor Investors or Dvara in terms of this Agreement in respect of such Anchor Investor Securities or Dvara Securities, as the case may be, subject to the purchaser executing a Deed of Adherence. It is understood that there shall be no duplication of rights pertaining to Anchor Investor Securities or Dvara Securities and either the transferor of the said Securities or the concerned transferee may exercise rights therein and not both. The Management Team and the Company hereby agree, confirm and undertake that they shall do all such acts, deeds and things as may be required to give effect to such Transfer by the Anchor Investors and, or, Dvara and providing all support, information and documents for undertaking any due diligence exercise by the prospective purchaser. All representations, warranties and indemnities as may be required in respect of the Company shall be provided by the Company.
