Termination of Rights as holder; Escrow. If the Warrants are forfeited in accordance with this Section 8, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such Warrants, and the Company shall take such action as is appropriate to cancel such Warrants. To effectuate the foregoing, all certificates representing the Warrants shall be held in escrow as provided in Section 5 hereof. In addition, Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing.
Appears in 15 contracts
Samples: Subscription Agreement (FMG Acquisition Corp), Subscription Agreement (United Refining Energy Corp), Subscription Agreement (Wattles Acquisition Corp)
Termination of Rights as holder; Escrow. If the Warrants are forfeited in accordance with this Section 8, then after such time time, the Subscriber Subscribers (or successor in interestsuccessor-in-interest thereto), shall no longer have any rights as a holder of such Warrants, and the Company shall take such action as is appropriate to cancel such Warrants. To effectuate the foregoing, all certificates representing the Warrants shall be held in escrow as provided in Section 5 hereof. In addition, Subscriber the Subscribers hereby irrevocably grants grant the Company a limited power of attorney for the purpose of effectuating the foregoing.
Appears in 5 contracts
Samples: Form of Subscription Agreement (Asia Special Situation Acquisition Corp), Form of Subscription Agreement (Asia Special Situation Acquisition Corp), Form of Subscription Agreement (Asia Special Situation Acquisition Corp)
Termination of Rights as holder; Escrow. If the Warrants are forfeited in accordance with this Section 8, then after such time the Subscriber Subscribers (or successor in interest), shall no longer have any rights as a holder of such Warrants, and the Company shall take such action as is appropriate to cancel such Warrants. To effectuate the foregoing, all certificates representing the Warrants shall be held in escrow as provided in Section 5 hereof. In addition, Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing.
Appears in 1 contract
Samples: Subscription Agreement (Lambert's Cove Acquisition CORP)
Termination of Rights as holder; Escrow. If the Warrants are forfeited in accordance with this Section 8, then after such time the Subscriber Subscribers (or successor in interest), shall no longer have any rights as a holder of such Warrants, and the Company shall take such action as is appropriate to cancel such Warrants. To effectuate the foregoing, all certificates representing the Warrants shall be held in escrow as provided in Section 5 hereof. In addition, each Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing.
Appears in 1 contract
Termination of Rights as holder; Escrow. If the Warrants are forfeited in accordance with this Section 8, then after such time the Subscriber Subscribers (or successor in interest), ) shall no longer have any rights as a holder of such Warrants, and the Company shall take such action as is appropriate to cancel such Warrants. To effectuate the foregoing, all certificates representing the Warrants shall be held in escrow as provided in Section 5 hereof. In addition, Subscriber Subscribers hereby irrevocably grants grant the Company a limited power of attorney for the purpose of effectuating the foregoing.
Appears in 1 contract
Samples: Subscription Agreement (Indas Green Acquisition CORP)
Termination of Rights as holder; Escrow. If the Warrants are forfeited in accordance with this Section 8, then after such time the Subscriber (or successor in interest), ) shall no longer have any rights as a holder of such Warrants, and the Company shall take such action as is appropriate to cancel such Warrants. To effectuate the foregoing, all certificates representing the Warrants shall be held in escrow as provided in Section 5 hereof. In addition, Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing.
Appears in 1 contract
Samples: Subscription Agreement (Indas Green Acquisition CORP)
Termination of Rights as holder; Escrow. If the Warrants are forfeited in accordance with this Section 8, then after such time the Subscriber Subscribers (or successor in interest), shall no longer have any rights as a holder of such Warrants, and the Company shall take such action as is appropriate to cancel such Warrants. To effectuate the foregoing, all certificates representing the Warrants shall be held in escrow as provided in Section 5 hereof. In addition, Subscriber the Subscribers hereby irrevocably grants grant the Company a limited power of attorney for the purpose of effectuating the foregoing.
Appears in 1 contract
