Common use of Waiver of Redemption Rights Clause in Contracts

Waiver of Redemption Rights. Each SPAC Holder Party irrevocably and unconditionally hereby agrees that such SPAC Holder Party shall not elect to redeem or otherwise tender or submit for redemption any SPAC Interest (including all of such SPAC Holder Party’s Subject Shares, to the extent applicable) it holds or may hereafter acquire prior to the Effective Time pursuant to or in connection with any exercise of Redemption Rights or otherwise in connection with the Transactions.

Appears in 3 contracts

Samples: Business Combination Agreement (Aurora Technology Acquisition Corp.), Sponsor Support Agreement (Aurora Technology Acquisition Corp.), Sponsor Letter Agreement (Chavant Capital Acquisition Corp.)

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