Common use of Waiver of Liquidation Distributions Clause in Contracts

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 months from the completion of the IPO.

Appears in 7 contracts

Samples: Unit Subscription Agreement (Fintech Acquisition Corp V), Unit Subscription Agreement (Fintech Acquisition Corp V), Unit Subscription Agreement (FinTech Acquisition Corp. IV)

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Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 months from the completion of the IPO.

Appears in 6 contracts

Samples: Unit Subscription Agreement (Larkspur Health Acquisition Corp.), Unit Subscription Agreement (Newcourt Acquisition Corp), Unit Subscription Agreement (Sports Ventures Acquisition Corp.)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock Public Subunits (as defined below) upon the Company’s failure to consummate the Business Combination within 24 12 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 12 month period. In the event any Subscriber purchases shares of Common Stock Subunits in the IPO or in the aftermarket (“Public SharesSubunits”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares Subunits in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares Subunits upon the same terms offered to all other purchasers of Common Stock Public Subunits in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 12 months from the completion of the IPO.

Appears in 6 contracts

Samples: Placement Unit Subscription Agreement (Global SPAC Partners Co,), Placement Unit Subscription Agreement (Global SPAC Partners Co,), Placement Unit Subscription Agreement (Global SPAC Partners Co,)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 18 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 18 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 18 months from the completion of the IPO.

Appears in 5 contracts

Samples: Unit Subscription Agreement (Belong Acquisition Corp.), Unit Subscription Agreement (Belong Acquisition Corp.), Unit Subscription Agreement (FinTech Acquisition Corp)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 months from the completion of the IPO.

Appears in 5 contracts

Samples: Unit Subscription Agreement (Belong Acquisition Corp.), Unit Subscription Agreement (Belong Acquisition Corp.), Unit Subscription Agreement (Belong Acquisition Corp.)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 18 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 18 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 18 months from the completion of the IPO.

Appears in 4 contracts

Samples: Unit Subscription Agreement (INSU Acquisition Corp. II), Unit Subscription Agreement (INSU Acquisition Corp. II), Unit Subscription Agreement (Insurance Acquisition Corp.)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation completion of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock Ordinary Shares upon the Company’s failure to consummate complete the Business Combination within 24 18 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 18 month period. In the event any Subscriber purchases shares of Common Stock Ordinary Shares in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation completion of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock Ordinary Shares in the IPO in the event the Company fails to consummate complete the Business Combination, or liquidates, within 24 18 months from the completion of the IPO.

Appears in 3 contracts

Samples: Unit Purchase Agreement (Endeavor Acquisition Corp.), Unit Purchase Agreement (BioPlus Acquisition Corp.), Unit Subscription Agreement (Enterprise 4.0 Technology Acquisition Corp)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 15 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 15 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each the Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 15 months from the completion of the IPO.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Phoenix Biotech Acquisition Corp.), Unit Subscription Agreement (Phoenix Biotech Acquisition Corp.)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock Shares upon the Company’s failure to consummate the Business Combination within 24 15 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 15 month period. In the event any Subscriber purchases shares of Common Stock Shares in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock Shares in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 15 months from the completion of the IPO.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Newcourt Acquisition Corp), Unit Subscription Agreement (Newcourt Acquisition Corp)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 months from the completion of the IPO.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Insu Acquisition Corp Iii), Unit Subscription Agreement (Insu Acquisition Corp Iii)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 15 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 15 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of shares of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 15 months from the completion of the IPO.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Phoenix Biotech Acquisition Corp.), Unit Subscription Agreement (Phoenix Biotech Acquisition Corp.)

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Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each the Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 months from the completion of the IPO.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Locust Walk Acquisition Corp.), Unit Subscription Agreement (Locust Walk Acquisition Corp.)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of the shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 15 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 15 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of shares of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 15 months from the completion of the IPO.

Appears in 1 contract

Samples: Unit Subscription Agreement (Phoenix Biotech Acquisition Corp.)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 18 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 18 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each the Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 18 months from the completion of the IPO.

Appears in 1 contract

Samples: Unit Subscription Agreement (Phoenix Biotech Acquisition Corp.)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock Shares upon the Company’s failure to consummate the Business Combination within 24 18 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 18 month period. In the event any Subscriber purchases shares of Common Stock Shares in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock Shares in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 18 months from the completion of the IPO.

Appears in 1 contract

Samples: Unit Subscription Agreement (Newcourt Acquisition Corp)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 18 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 18 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of shares of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 18 months from the completion of the IPO.

Appears in 1 contract

Samples: Unit Subscription Agreement (Phoenix Biotech Acquisition Corp.)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection con nection with (i) the exercise of redemption rights in connection with the Company’s consummation completion of the Business Combination, or (ii) upon the Company’s redemption of shares of Common Stock Ordinary Shares upon the Company’s failure to consummate complete the Business Combination within 24 18 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 18 month period. In the event any Subscriber purchases shares of Common Stock Ordinary Shares in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation completion of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of Common Stock Ordinary Shares in the IPO in the event the Company fails to consummate complete the Business Combination, or liquidates, within 24 18 months from the completion of the IPO.

Appears in 1 contract

Samples: Unit Subscription Agreement (Enterprise 4.0 Technology Acquisition Corp)

Waiver of Liquidation Distributions. In connection with the Securities purchased pursuant to this Agreement, each Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s consummation of the Business Combination, or (ii) upon the Company’s redemption of the shares of Common Stock upon the Company’s failure to consummate the Business Combination within 24 18 months from the completion of the IPO or the liquidation of the Company prior to the expiration of such 24 18 month period. In the event any Subscriber purchases shares of Common Stock in the IPO or in the aftermarket (“Public Shares”), such Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business Combination. For the avoidance of doubt, each Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other purchasers of shares of Common Stock in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 24 18 months from the completion of the IPO.

Appears in 1 contract

Samples: Unit Subscription Agreement (Phoenix Biotech Acquisition Corp.)

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