Termination of Rights as Stockholder. If any of the Shares are forfeited 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 346 contracts
Samples: Securities Subscription Agreement (Fpa Energy Acquisition Corp.), Securities Subscription Agreement (Hudson SPAC Holding, LLC), Securities Subscription Agreement (Four Leaf Acquisition Corp)
Termination of Rights as Stockholder. If any of the Shares are forfeited 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 143 contracts
Samples: Securities Subscription Agreement (KnightSwan Acquisition Corp), Securities Subscription Agreement (Signal Hill Acquisition Corp.), Securities Subscription Agreement (KnightSwan Acquisiton Corp)
Termination of Rights as Stockholder. If any of the Shares are forfeited 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 67 contracts
Samples: Securities Subscription Agreement (Copley Acquisition Corp), Securities Subscription Agreement (Voyager Acquisition Corp./Cayman Islands), Securities Subscription Agreement (Voyager Acquisition Corp./Cayman Islands)
Termination of Rights as Stockholder. If any of the Founder Shares are forfeited 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 forfeited Founder Shares, and the Company shall take such action as is appropriate to cancel such forfeited Founder Shares.
Appears in 57 contracts
Samples: Subscription Agreement (Noble Education Acquisition Corp.), Subscription Agreement (Mindset Growth Opportunities I Corp.), Subscription Agreement (Ault Disruptive Technologies Corp)
Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3Article III, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 38 contracts
Samples: Securities Subscription Agreement (GSR II Meteora Acquisition Corp.), Securities Subscription Agreement (Everest Consolidator Acquisition Corp), Securities Subscription Agreement (Khosla Ventures Acquisition Co. IV)
Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or Initial Stockholder or other successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 23 contracts
Samples: Securities Subscription Agreement (PowerUp Acquisition Corp.), Securities Subscription Agreement (Papaya Growth Opportunity Corp. I), Securities Subscription Agreement (FTAC Emerald Acquisition Corp.)
Termination of Rights as Stockholder. If any of the Shares are forfeited 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 14 contracts
Samples: Securities Subscription Agreement (Heartland Media Acquisition Corp.), Securities Subscription Agreement (Tristar Acquisition I Corp.), Securities Subscription Agreement (Insight Acquisition Corp. /DE)
Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3Article V, then after such time the Subscriber Buyer (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 9 contracts
Samples: Securities Subscription Agreement (Dorchester Capital Acquisition Corp.), Securities Subscription Agreement (Black Mountain Acquisition Corp.), Securities Subscription Agreement (Black Mountain Acquisition Corp.)
Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber Purchaser (or successor in interest), ) shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 6 contracts
Samples: Investment Agreement (Crixus BH3 Acquisition Co), Investment Agreement (Home Plate Acquisition Corp), Investment Agreement (First Light Acquisition Group, Inc.)
Termination of Rights as Stockholder. If any of the Shares are forfeited 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 5 contracts
Samples: Securities Subscription Agreement (ExcelFin Acquisition Corp.), Securities Subscription Agreement (Artemis Strategic Investment Corp), Securities Subscription Agreement (Build Acquisition Corp.)
Termination of Rights as Stockholder. If any of the Shares are forfeited 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. In addition, the Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing.
Appears in 5 contracts
Samples: Securities Subscription Agreement (Corporate Acquirers, Inc.), Securities Subscription Agreement (K Road Acquisition CORP), Securities Subscription Agreement (Corporate Acquirers, Inc.)
Termination of Rights as Stockholder. If any of the Private Shares are forfeited in accordance with this Section 3, then after such time the Subscriber Purchaser (or successor in interest), shall no longer have any rights as a holder of such forfeited Private Shares, and the Company Seller shall take such action as is appropriate to cancel such forfeited Private Shares.
Appears in 4 contracts
Samples: Securities Purchase Agreement (byNordic Acquisition Corp), Securities Purchase Agreement (byNordic Acquisition Corp), Securities Purchase Agreement (byNordic Acquisition Corp)
Termination of Rights as Stockholder. If any of the Shares are forfeited 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. Additionally, if the Subscriber does not pay the Purchase Price prior to the Company’s initial public offering, the Company may terminate this Agreement.
Appears in 4 contracts
Samples: Securities Subscription Agreement (Stellar v Capital Corp. (Cayman Islands)), Securities Subscription Agreement (Mountain Lake Acquisition Corp.), Securities Subscription Agreement (Rising Dragon Acquisition Corp.)
Termination of Rights as Stockholder. If any of the Shares are forfeited 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. In addition, the Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all action reasonably requested by the Company necessary to effect any adjustment in this Section 3.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Blue Wolf Mongolia Holdings Corp.), Securities Subscription Agreement (Empeiria Acquisition Corp), Securities Subscription Agreement (Global Cornerstone Holdings LTD)
Termination of Rights as Stockholder. If any of the Shares are forfeited by the Subscriber in accordance with this Section 3, then after such time the such Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 3 contracts
Samples: Securities Subscription Agreement (Avalon Acquisition Inc.), Securities Subscription Agreement (NavSight Holdings, Inc.), Securities Subscription Agreement (Foley Trasimene Acquisition II)
Termination of Rights as Stockholder. If any of the Shares are forfeited by the Subscriber 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 3 contracts
Samples: Securities Subscription Agreement (Parabellum Acquisition Corp.), Securities Subscription Agreement (CA Healthcare Acquisition Corp.), Securities Subscription Agreement (Evo Acquisition Corp)
Termination of Rights as Stockholder. If any of the Shares Securities are forfeited 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 forfeited SharesSecurities, and the Company shall take such action as is appropriate to cancel such forfeited SharesSecurities.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Signal Hill Acquisition Corp.), Securities Subscription Agreement (Terrapin 3 Acquisition Corp)
Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the relevant Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Catalyst Partners Acquisition Corp.), Securities Subscription Agreement (Health Assurance Acquisition Corp.)
Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time time, the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. In addition, the Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all actions reasonably requested by the Company necessary to effect any adjustment in this Section 3.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Terrapin 4 Acquisition Corp), Securities Subscription Agreement (Terrapin 4 Acquisition Corp)
Termination of Rights as Stockholder. If any of the Shares are forfeited by the Subscriber in accordance with this Section 3, then after such time time, the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. In addition, the Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all actions reasonably requested by the Company necessary to effect any adjustment in this Section 3.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Big Rock Partners Acquisition Corp.), Securities Subscription Agreement (PENSARE ACQUISITION Corp)
Termination of Rights as Stockholder. If any of the Shares are forfeited by any Subscriber in accordance with this Section 3, then after such time the time, such Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. In addition, each of the Subscribers hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all action reasonably requested by the Company necessary to effect any adjustment in this Section 3.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Infinity China 1 Acquisition Corp), Securities Purchase Agreement (Infinity China 2 Acquisition Corp)
Termination of Rights as Stockholder. If any of the Shares are forfeited 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. In addition, the Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Lank Acquisition Corp), Securities Subscription Agreement (Lank Acquisition Corp)
Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 32, then after such time the Subscriber Purchaser (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Arena Fortify Acquisition Corp.), Securities Purchase Agreement (Arena Fortify Acquisition Corp.)
Termination of Rights as Stockholder. If any of the Subject Shares are forfeited in accordance with this Section 3, then after such time the Subscriber Purchaser (or successor in interest), shall no longer have any rights as a holder of such forfeited Subject Shares, and the Company Seller shall take such action as is appropriate to cancel such forfeited Subject Shares.
Appears in 2 contracts
Samples: Securities Purchase Agreement (byNordic Acquisition Corp), Securities Purchase Agreement (byNordic Acquisition Corp)
Termination of Rights as Stockholder. If any of the Shares are forfeited 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. In addition, the Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all actions reasonably requested by the Company necessary to effect any adjustment in this Section 3.
Appears in 1 contract
Samples: Securities Subscription Agreement (Adit EdTech Acquisition Corp.)
Termination of Rights as Stockholder. If any of the Newly Issued Shares are forfeited in accordance with this Section 34, then after such time the Subscriber (or its successor in interest), shall no longer have any rights as a holder of such forfeited Newly Issued Shares, and the Company Issuer shall take such action as is appropriate to cancel such forfeited Newly Issued Shares.
Appears in 1 contract
Samples: Business Combination Agreement (Greenrose Acquisition Corp.)
Termination of Rights as Stockholder. If any of the Shares are forfeited by the Buyer in accordance with this Section 3, then after such time time, the Subscriber Buyer (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. In addition, the Buyer hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all actions reasonably requested by the Company necessary to effect any adjustment in this Section 3.
Appears in 1 contract
Samples: Securities Assignment Agreement (PENSARE ACQUISITION Corp)
Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3ARTICLE V, then after such time the Subscriber Buyer (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 1 contract
Samples: Securities Purchase Agreement (Star Peak Energy Transition Corp.)
Termination of Rights as Stockholder. If any of the Shares are forfeited by either Subscriber in accordance with this Section 3, then after such time the such Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 1 contract
Samples: Securities Subscription Agreement (Foley Trasimene Acquisition Corp.)
Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3Article V, then after such time the Subscriber Buyer (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 1 contract
Samples: Securities Purchase Agreement (Avondale Acquisition Corp.)
Termination of Rights as Stockholder. If any of the Shares are forfeited 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 forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 1 contract
Samples: Securities Subscription Agreement (Williams Rowland Acquisition Corp.)
Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3, then then, after such time time, the Subscriber (or Initial Stockholder or other successor in interest), ) shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.
Appears in 1 contract
Samples: Securities Subscription Agreement (Western Acquisition Ventures Corp.)
Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber Subscribers (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. In addition, each Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all action reasonably requested by the Company necessary to effect any adjustment in this Section 3.
Appears in 1 contract
Samples: Securities Subscription Agreement (Nautilus Marine Acquisition Corp)
Termination of Rights as Stockholder. If any of the Shares Securities are forfeited 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 forfeited SharesSecurities, and the Company shall take such action as is appropriate to cancel such forfeited SharesSecurities.
Appears in 1 contract
Samples: Securities Subscription Agreement (Future Health ESG Corp.)
