Common use of Termination of Rights as Shareholder Clause in Contracts

Termination of Rights as Shareholder. If any of the Shares are surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or successor in interest) shall no longer have any rights as a holder of such Shares and the Company shall take such action as is appropriate to cancel such Shares.

Appears in 2 contracts

Samples: Securities Subscription Agreement (Summit Healthcare Acquisition Corp.), Securities Subscription Agreement (L Catterton Asia Acquisition Corp)

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Termination of Rights as Shareholder. If any of the Shares are surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or successor in US-DOCS\119983970.4 interest) ), shall no longer have any rights as a holder of such Shares Shares, and the Company shall take such action as is appropriate to cancel such Shares.

Appears in 2 contracts

Samples: Securities Subscription Agreement (Cain Acquisition Corp), Securities Subscription Agreement (Rhapsody Acquisition Corp)

Termination of Rights as Shareholder. If any of the Shares are surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or successor in interest) ), shall no longer have any rights as a holder of such Shares surrendered Shares, and the Company shall take such action as is appropriate to cancel such surrendered Shares.

Appears in 2 contracts

Samples: Securities Subscription Agreement (Thrive Acquisition Corp), Securities Subscription Agreement (FinTech Evolution Acquisition Group)

Termination of Rights as Shareholder. If any of the Shares are surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or successor in interest) shall no longer have any rights as a holder of such Shares surrendered Shares, and the Company shall take such action as is appropriate to cancel such surrendered Shares.

Appears in 1 contract

Samples: Securities Subscription Agreement (Green Visor Financial Technology Acquisition Corp I)

Termination of Rights as Shareholder. If any of the Shares are surrendered and cancelled in accordance with this Section 3β€Ž3, then after such time the Subscriber (or successor in interest) ), shall no longer have any rights as a holder of such Shares Shares, and the Company shall take such action as is appropriate to cancel such Shares.

Appears in 1 contract

Samples: Securities Subscription Agreement (One Madison Corp)

Termination of Rights as Shareholder. If any of the Shares are surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or successor in interest) ), shall no longer have any rights as a holder of such Shares Shares, and the Company shall take such action as is appropriate to cancel such Shares.. ​

Appears in 1 contract

Samples: Securities Subscription Agreement (TPB Acquisition Corp I)

Termination of Rights as Shareholder. If any of the Shares are surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber Subscribers (or successor their successors in interest) ), shall no longer have any rights as a holder of such Shares Shares, and the Company shall take such action as is appropriate to cancel such Shares.

Appears in 1 contract

Samples: Securities Subscription Agreement (S.E. Asia Emerging Market Company., LTD)

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Termination of Rights as Shareholder. If any of the Shares are surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber Buyer (or successor in interest) ), shall no longer have any rights as a holder of such Shares Shares, and the Company shall take such action as is appropriate to cancel such Shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Levere Holdings Corp.)

Termination of Rights as Shareholder. If any of the Shares are surrendered and cancelled in accordance with this Section 3, then after such time the each Subscriber (or successor in interest) ), shall no longer have any rights as a holder of such Shares Shares, and the Company shall take such action as is appropriate to cancel such Shares.

Appears in 1 contract

Samples: Securities Subscription Agreement (ESGEN Acquisition Corp)

Termination of Rights as Shareholder. If any of the Shares are surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or its successor in interest) ), shall no longer have any rights as a holder of such Shares surrendered Shares, and the Company shall take such action as is appropriate to cancel such surrendered Shares.

Appears in 1 contract

Samples: Subscription Agreement (GigCapital7 Corp.)

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