Common use of SHARE RIGHTS Clause in Contracts

SHARE RIGHTS. Each Share Right shall entitle the holder thereof to receive one-fifteenth of one Ordinary Share upon the happening of the Exchange Event (described below). Subject to Section 3.3.1 below with respect to the registered holders of Share Rights in the event that the Company is not the surviving entity immediately following the Exchange Event, holders of Share Rights shall automatically receive the kind and amount of securities or properties of the surviving entity as the holders of each one-fifteenth of one Ordinary Share is entitled to receive in the Exchange Event. No additional consideration shall be paid by a holder of Share Rights in order to receive his, her or its Ordinary Shares upon the Exchange Event as the purchase price for such Ordinary Shares has been included in the purchase price for the Units. In no event will the Company be required to net cash settle the Share Rights or issue fractional Ordinary Shares.

Appears in 2 contracts

Samples: Share Rights Agreement (K&f Growth Acquisition Corp. Ii), Share Rights Agreement (K&f Growth Acquisition Corp. Ii)

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SHARE RIGHTS. Each Share Right shall entitle the holder thereof to receive one-fifteenth tenth of one Ordinary Share upon the happening of the Exchange Event (described below). Subject to Section 3.3.1 below with respect to the registered holders of Share Rights Rights, in the event that the Company is not the surviving entity immediately following the Exchange Event, holders of Share Rights shall automatically receive the kind and amount of securities or properties of the surviving entity as the holders of each one-fifteenth tenth of one Ordinary Share is entitled to receive in the Exchange Event. No additional consideration shall be paid by a holder of Share Rights in order to receive his, her or its Ordinary Shares upon the Exchange Event as the purchase price for such Ordinary Shares has been included in the purchase price for the Units. In no event will the Company be required to net cash settle the Share Rights or issue fractional Ordinary Shares.

Appears in 1 contract

Samples: Share Rights Agreement (Bleichroeder Acquisition Corp. I)

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SHARE RIGHTS. Each Share Right shall entitle the holder thereof to receive one-fifteenth tenth (1/10) of one Ordinary Share upon the happening occurrence of the an Exchange Event (described as defined below). Subject to Section 3.3.1 below with respect to the registered holders Registered Holders of Share Rights Rights, in the event that the Company is not the surviving entity immediately following the Exchange Event, holders of Share Rights shall be entitled to automatically receive the kind and amount of securities or properties of the surviving entity as the holders of each one-fifteenth tenth (1/10) of one Ordinary Share is entitled to receive in the Exchange Event. No additional consideration shall be paid by a holder of Share Rights in order to receive his, her or its Ordinary Shares Share upon the Exchange Event as the purchase price for such number of Ordinary Shares has been included in the purchase price for the Units. In no event will the Company be required to net cash settle the Share Rights or issue fractional Ordinary Shares.

Appears in 1 contract

Samples: Share Rights Agreement (Bleichroeder Acquisition Corp. I)

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