Working Capital Warrants. Each of the Working Capital Warrants shall be identical to the Private Placement Warrants.
Working Capital Warrants. Each of the Working Capital Warrants shall be identical to the Private Placement Warrants. Except as expressly provided herein or the context otherwise requires, the Working Capital Warrants shall be treated as Private Placement warrants under this Agreement.
Working Capital Warrants. The Working Capital Warrants shall have the same terms and be in the same form as the Placement Warrants.
Working Capital Warrants. Each of the Working Capital Warrants shall be identical to the Private Placement Warrants, except as may be agreed upon by the Company.
Working Capital Warrants. (i) may be exercised for cash or on a “cashless basis,” pursuant to subsection 3.3.1(c) hereof, (ii) including the Ordinary Shares issuable upon exercise of the Private Placement Warrants and Working Capital Warrants, may not be transferred, assigned or sold until thirty (30) days after the completion by the Company of an initial Business Combination, (iii) shall not be redeemable by the Company pursuant to Section 6.1 hereof and (iv) shall only be redeemable by the Company pursuant to Section 6.2 if the Reference Value (as defined below) is less than $18.00 per share (subject to adjustment in compliance with Section 4 hereof); provided, however, that in the case of clause (ii), the Private Placement Warrants and the Working Capital Warrants and any Ordinary Shares held by the Sponsor or any of its Permitted Transferees, as applicable, and issued upon exercise of the Private Placement Warrants and the Working Capital Warrants may be transferred by the holders thereof:
Working Capital Warrants. The Working Capital Warrants shall be identical to the Public Warrants, except that so long as they are held by the Sponsor, the Company’s officers and directors or any of their Permitted Transferees (as defined below), as applicable, the Working Capital Warrants: (i) may be exercised for cash or on a “cashless basis,” pursuant to subsection 3.3.1(c) hereof, (ii) including the Common Stock issuable upon exercise of the Working Capital Warrants, may not be transferred, assigned or sold until thirty (30) days after the completion by the Company of an initial Business Combination, and (iii) shall not be redeemable by the Company pursuant to Section 6.1 hereof; provided, however, that in the case of (ii), the Working Capital Warrants and any Common Stock issued upon exercise of the Working Capital Warrants may be transferred by the holders thereof:
(a) to the Company’s officers, directors, advisors or consultants, any affiliate or family member of any of the Company’s officers or directors, any affiliate of the Sponsor or to any member of the Sponsor or any of their affiliates;
(b) in the case of an individual, as a gift to such person’s immediate family or to a trust, the beneficiary of which is a member of such person’s immediate family, an affiliate of such person or to a charitable organization;
(c) in the case of an individual, by virtue of laws of descent and distribution upon death of such person;
(d) in the case of an individual, pursuant to a qualified domestic relations order;
(e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement or in connection with the consummation of the Company’s Business Combination at prices no greater than the price at which the Warrants or Common Stock, as applicable, were originally purchased;
(f) by virtue of the laws of the State of Delaware or the Sponsor’s limited liability company agreement upon dissolution of the Sponsor;
(g) in the event of the Company’s liquidation prior to the consummation of its initial Business Combination; or
(h) in the event that, subsequent to the consummation of a Business Combination, the Company completes a liquidation, merger, capital stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their Common Stock for cash, securities or other property; provided, however, that in the case of clauses (a) through (f), these permitted transferees (the “Permitted Transferees”...
Working Capital Warrants. All references to “Working Capital Warrants” in the Existing Warrant Agreement (including all Exhibits thereto) shall be deleted.
Working Capital Warrants. The Sponsor represents and warrants that, as of the date hereof, there are no working capital loans (which, for the avoidance of doubt, does not include the outstanding promissory note between the Sponsor and XPAC) outstanding between any of the Sponsor Parties and XPAC, and that no XPAC Warrants have been issued as a result of the conversion of any funds lent by the Sponsor Parties to XPAC. To the extent that the Sponsor or any its affiliates lends to XPAC any funds to finance XPAC (including to finance transaction costs or any working capital deficiencies), the Sponsor hereby agrees that its shall not convert, and shall cause its affiliates not to convert, any such loans into XPAC Warrants or other equity interests in, or convertible into, equity interests in XPAC. If any such conversion is made or attempted contrary to the provisions of this Section 4, such purported conversion shall be null and void ab initio, and such purported XPAC Warrants shall have no rights under the Warrant Agreement (whether as Working Capital Warrants (as defined in the Warrant Agreement) or otherwise).
Working Capital Warrants. The Working Capital Warrants shall be identical to the Private Placement Warrants. The Private Placement Warrants will not be fungible with the Public Warrants, and, once registered, will trade separately.
Working Capital Warrants. Up to $2,000,000 of loans made more than 60 days after the date of this Agreement by the Sponsor or its affiliates to the Company to finance its costs in connection with a Business Combination may be converted into Working Capital Warrants at a price of $1.00 per warrant at the option of the lender.
