Common use of Transfer Event Clause in Contracts

Transfer Event. In the event that in the unanimous business judgment of each of Hydra Management, LLC, Mxxxxxxx Xxxx Capital Partners LLC and HX Xxxx Special Opportunities Master Fund, Ltd., in their respective sole discretion, it is deemed advisable for the holders of the Other Subscriber Shares to transfer Shares in connection with the initial business combination, the Subscriber acknowledges and agrees that it shall forfeit any and all rights to such number of Shares on a pro rata basis with the Other Subscribers, but excluding the Director Shares from such calculation.

Transfer Event. In the event that in the unanimous business judgment of each of Hydra Management, LLC, Mxxxxxxx Xxxxxxxx Xxxx Capital Partners LLC and HX XX Xxxx Special Opportunities Master Fund, Ltd., in their respective sole discretion, it is deemed advisable for the holders of the Other Subscriber Shares to transfer Shares in connection with the initial business combination, the Subscriber acknowledges and agrees that it shall forfeit any and all rights to such number of Shares on a pro rata basis with the Other Subscribers, but excluding the Director Shares from such calculation.