Waiver of Redemption Rights. In connection with the Securities purchased pursuant to this Agreement, each Purchaser hereby waives any and all redemption rights (i) in connection with the Company’s completion of the Business Combination, (ii) upon the Company’s failure to complete 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 or (iii) if the Company seeks an amendment to its amended and restated memorandum and articles of association that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below). In the event any Purchaser purchases Ordinary Shares in the IPO or in the aftermarket (“Public Shares”), such Purchase shall be eligible to redeem any Public Shares upon the same terms offered to all other holders of Ordinary Shares purchased in the IPO.
Appears in 2 contracts
Samples: Unit Subscription Agreement (Chenghe Acquisition II Co.), Unit Subscription Agreement (Chenghe Acquisition II Co.)
Waiver of Redemption Rights. In connection with the Securities purchased pursuant to this Agreement, each the Purchaser hereby waives any and all redemption rights (i) in connection with the Company’s completion of the Business Combination, (ii) upon the Company’s failure to 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 or (iii) if the Company seeks an amendment to its amended and restated memorandum and articles of association that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares (as defined below). In the event any the Purchaser purchases Ordinary Shares in the IPO or in the aftermarket (“Public Shares”), such Purchase shall be eligible to redeem any Public Shares upon the same terms offered to all other holders of Ordinary Shares purchased in the IPO.
Appears in 2 contracts
Samples: Unit Subscription Agreement (Plum Acquisition Corp, IV), Unit Subscription Agreement (Plum Acquisition Corp, IV)