Terms of the Forward Purchase Securities. 1.2.1. As used herein, “Forward Purchase Securities” means forward purchase units (each, a “Forward Purchase Unit”) at a price of $10.00 per Forward Purchase Unit, each such Forward Purchase Unit consisting of one share of Common Stock (a “Forward Purchase Share”) and one-eighth of one redeemable Warrant (each such whole Warrant, a “Forward Purchase Warrant”); provided, that such number of Forward Purchase Shares and Forward Purchase Warrants shall be subject to adjustment in accordance with any conversion or exchange ratio applicable to the Company’s Public Shares and Public Warrants in connection with the Company’s initial Business Combination.
Appears in 2 contracts
Samples: Forward Purchase Agreement (Northern Genesis Acquisition Corp. III), Forward Purchase Agreement (Northern Genesis Acquisition Corp. III)
Terms of the Forward Purchase Securities. 1.2.1. As used herein, “Forward Purchase Securities” means forward purchase units (each, a “Forward Purchase Unit”) at a price of $10.00 per Forward Purchase Unit, each such Forward Purchase Unit consisting of one share of Common Stock (a “Forward Purchase Share”) and one-eighth sixth of one redeemable Warrant (each such whole Warrant, a “Forward Purchase Warrant”); provided, that such number of Forward Purchase Shares and Forward Purchase Warrants shall be subject to adjustment in accordance with any conversion or exchange ratio applicable to the Company’s Public Shares and Public Warrants in connection with the Company’s initial Business Combination.
Appears in 2 contracts
Samples: Forward Purchase Agreement (Northern Genesis Acquisition Corp. II), Forward Purchase Agreement (Northern Genesis Acquisition Corp. II)
