Common use of Terms of Transfer Clause in Contracts

Terms of Transfer. (a) Upon the terms and subject to the conditions of this Agreement, the Sponsor agrees that if (a) as of 5:00 PM, New York time, on the date of the Meeting, Investor holds the Investor Shares (as defined below), (b) Investor did not exercise its Redemption Rights with respect to such Investor Shares in connection with the Meeting, and (c) the Extension Amendment is approved at the Meeting and is effected by the Company’s filing with the Secretary of the State of Delaware of an amendment to the Charter, then the Sponsor hereby agrees to (i) assign and transfer to Investor for no additional consideration the Assigned Securities set forth on Exhibit A at such time as the conditions set forth in Section 1.2 below are satisfied and (ii) assign to Investor the Economic Interest (as defined below) associated with the Assigned Securities.

Appears in 3 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (Blaize, Inc.), Non Redemption Agreement and Assignment of Economic Interest (BurTech Acquisition Corp.), Non Redemption Agreement and Assignment of Economic Interest (Forest Road Acquisition Corp. II)

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Terms of Transfer. (a) Upon the terms and subject to the conditions of this Agreement, the Sponsor agrees that if (a) as of 5:00 PM9:30 AM, New York time, on the date of first business day following the Meeting, Investor holds the Investor Shares (as defined below), (b) Investor did not exercise its Redemption Rights with respect to such Investor Shares in connection with the Meeting, and (c) the Extension Amendment is approved at the Meeting and is effected by the Company’s filing with the Secretary of the State of Delaware of an amendment to the Charter, then the Sponsor hereby agrees to (i) assign and transfer to Investor for no additional consideration the Assigned Securities set forth on Exhibit A at such time as the conditions set forth in Section 1.2 below are satisfied and (ii) assign to Investor the Economic Interest (as defined below) associated with the Assigned Securities.

Appears in 2 contracts

Samples: Non Redemption Agreement and Assignment of Economic Interest (Maquia Capital Acquisition Corp), Non Redemption Agreement and Assignment of Economic Interest (Maquia Capital Acquisition Corp)

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Terms of Transfer. 1.1 (a) Upon the terms and subject to the conditions of this Agreement, the Sponsor agrees that if (a) as of 5:00 PM, New York time, on the date of the Meeting, Investor holds the Investor Shares (as defined below), (b) Investor did not exercise its Redemption Rights (or, if exercised, Investor did validly rescind) with respect to such Investor Shares in connection with the Meeting, and (c) the Extension Trust Amendment Proposal is approved at the Meeting and is effected by the Company’s filing with the Secretary execution of the State of Delaware of an amendment to the CharterIMTA, then the Sponsor hereby agrees to (i) assign and transfer to Investor for no additional consideration the Assigned Securities set forth on Exhibit A at such time as the conditions set forth in Section 1.2 below are satisfied and (ii) assign to Investor the Economic Interest (as defined below) associated with the Assigned Securities.

Appears in 1 contract

Samples: Non Redemption Agreement and Assignment of Economic Interest (Inception Growth Acquisition LTD)

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