Common use of Satisfaction of Rights Clause in Contracts

Satisfaction of Rights. All securities issued upon the surrender of SPAC Securities in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such securities; provided that any restrictions on the sale and transfer of SPAC Securities shall also apply to the Holdings Securities so issued in exchange.

Appears in 3 contracts

Samples: Business Combination Agreement (Air Water Co), Business Combination Agreement (Home Plate Acquisition Corp), Business Combination Agreement (Home Plate Acquisition Corp)

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Satisfaction of Rights. All securities issued upon the surrender of SPAC Securities Securities, SPV Holdco Ordinary Shares or Target Options in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such securities, as applicable; provided that any restrictions on the sale and transfer of SPAC Securities shall also apply to the Holdings Pubco Securities so issued in exchange.

Appears in 1 contract

Samples: Business Combination Agreement (Rosecliff Acquisition Corp I)

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