No Redemption Rights. Each Holder hereby acknowledges that the Certificate of Incorporation will not grant to the holder of any Private Placement Warrant Securities the right to cause any such Private Placement Warrant Securities to be converted into cash or redeemed in connection any vote to approve a Business Combination or in connection with any vote to amend Article Sixth of the Certificate of Incorporation. In addition, if the Company provides all holders of its Common Stock with an opportunity to sell their shares to the Company, effective upon consummation of such Business Combination, for cash through a tender offer, each Holder hereby agrees not to tender or sell in such tender offer any shares of Common Stock that constitute Private Placement Warrant Securities.
Appears in 3 contracts
Samples: Private Placement Warrant Subscription Agreement (Northern Genesis Acquisition Corp. II), Private Placement Warrant Subscription Agreement (Northern Genesis Acquisition Corp. II), Private Placement Warrant Subscription Agreement (Northern Genesis Acquisition Corp. II)
No Redemption Rights. Each Holder hereby acknowledges that the Certificate of Incorporation will not grant to the holder of any Private Placement Warrant Securities the right to cause any such Private Placement Warrant Securities to be converted into cash or redeemed in connection any vote to approve a Business Combination or in connection with any vote to amend Article Sixth of the Certificate of Incorporation. In addition, if the Company provides all holders of its Common Stock with an opportunity to sell their shares to the Company, effective upon consummation of such Business Combination, for cash through a tender offer, each Holder hereby agrees not to tender or sell in such tender offer any shares of Common Stock that constitute Private Placement Warrant Securities.
Appears in 2 contracts
Samples: Private Warrant Subscription Agreement (Northern Genesis Acquisition Corp. III), Subscription Agreement (Northern Genesis Acquisition Corp. III)
