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: Agreement (Fpa Energy Acquisition Corp.), Securities Subscription Agreement (dMY Squared Technology Group, Inc.), Securities Subscription Agreement (Global Star Acquisition 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 143 contracts
Samples: Securities Subscription Agreement (Signal Hill Acquisition Corp.), Securities Subscription Agreement (Signal Hill Acquisition Corp.), Letter Agreement (Shelter Acquisition Corp I)
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 66 contracts
Samples: Silver Sustainable Solutions (Silver Sustainable Solutions Corp.), Subscription Agreement (Silver Sustainable Solutions Corp.), Subscription Agreement (Hudson Executive Investment Corp. III)
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: Securities Subscription Agreement (Jupiter Acquisition Corp), Securities Subscription Agreement (Jupiter Acquisition Corp), Noble Education Acquisition 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 (Yellowstone Acquisition Co), Securities Subscription Agreement (Yellowstone Acquisition Co), Agreement (Yellowstone Acquisition Co)
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: PowerUp Acquisition Corp., Papaya Growth Opportunity Corp. I, FTAC Emerald Acquisition Corp.
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 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 23 contracts
Samples: Navigation Capital Acquisition IX Corp., Navigation Capital Acquisition VIII Corp., Navigation Capital Acquisition VI 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 (Tristar Acquisition I Corp.), Letter Agreement (FAST Acquisition Corp. II), Heartland Media 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 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 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 6 contracts
Samples: Crixus BH3 Acquisition Corp., Home Plate Acquisition Corp, N2 Acquisition Holdings 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: Stock Escrow Agreement (Corporate Acquirers, Inc.), Stock Escrow Agreement (Corporate Acquirers, Inc.), Stock Escrow Agreement (K Road 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 5 contracts
Samples: Securities Subscription Agreement (Artemis Strategic Investment Corp), ExcelFin Acquisition Corp., 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 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: Stock Escrow Agreement (57th Street General Acquisition Corp), Blue Wolf Mongolia Holdings Corp., Empeiria Acquisition Corp
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: Registration Rights Agreement (byNordic Acquisition Corp), Registration Rights Agreement (byNordic Acquisition Corp), Registration Rights Agreement (byNordic 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 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: Agreement (Parabellum Acquisition Corp.), Securities Subscription Agreement (CA Healthcare Acquisition Corp.), Agreement (Evo 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 3 contracts
Samples: Securities Subscription Agreement (Mountain Lake Acquisition Corp.), Securities Subscription Agreement (Rising Dragon Acquisition Corp.), Securities Subscription Agreement (Aimei Health Technology Co., 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 (NavSight Holdings, Inc.), Avalon Acquisition Inc., Foley Trasimene Acquisition II
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: Signal Hill Acquisition Corp., Securities Subscription Letter 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: Catalyst Partners Acquisition Corp., Health Assurance 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: Subscription Agreement (byNordic Acquisition Corp), byNordic 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 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.), 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: Infinity China 2 Acquisition Corp, Infinity China 1 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: Stock Escrow Agreement (Lank Acquisition Corp), Stock Escrow Agreement (Lank 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
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: Future Health ESG 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: Western Acquisition Ventures 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: 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 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 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 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: Williams Rowland 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 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: Nautilus Marine 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: Registration Rights Agreement (Greenrose 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.)
