Common use of Surrender of Securities Clause in Contracts

Surrender of Securities. All Purchaser Securities issued upon the surrender of Parent Securities in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Parent Securities, provided that any restrictions on the sale and transfer of Parent Securities shall also apply to the Purchaser Securities so issued in exchange.

Appears in 5 contracts

Samples: Business Combination Agreement (Acri Capital Acquisition Corp), Agreement and Plan of Merger (Aimfinity Investment Corp. I), Agreement and Plan of Merger (HHG Capital Corp)

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Surrender of Securities. All Purchaser Securities securities issued upon the surrender of in exchange for Parent Securities in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Parent Securitiessecurities, provided that any restrictions on the sale and transfer of Parent Securities shall also apply to the Purchaser Securities so issued in exchange.

Appears in 3 contracts

Samples: Merger Agreement (ASPAC I Acquisition Corp.), Merger Agreement (Newborn Acquisition Corp), Merger Agreement (Model Performance Acquisition Corp)

Surrender of Securities. All Purchaser Securities securities issued upon the surrender of Parent Securities in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Parent Securitiessecurities, provided that any restrictions on the sale and transfer of Parent Securities shall also apply to the Purchaser Securities so issued in exchange.

Appears in 2 contracts

Samples: Merger Agreement (Orisun Acquisition Corp.), Merger Agreement (Tottenham Acquisition I LTD)

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Surrender of Securities. All Purchaser Securities securities issued upon the surrender of the Parent Securities Common Shares in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Parent Securitiessecurities, provided that any restrictions on the sale and transfer of the Parent Securities Common Shares shall also apply to the Purchaser Securities Ordinary Shares so issued in exchange.

Appears in 1 contract

Samples: Merger Agreement (Global Star Acquisition Inc.)

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