Exclusion of Private Placement Warrants and Working Capital Warrants Clause Samples
The 'Exclusion of Private Placement Warrants and Working Capital Warrants' clause defines that certain provisions or restrictions within an agreement do not apply to warrants issued through private placements or those provided as part of working capital arrangements. In practice, this means that these specific types of warrants are treated differently from public or other warrants, often exempting them from transfer restrictions, redemption rights, or other limitations that might otherwise apply. The core function of this clause is to ensure flexibility for the parties involved in private or internal financing arrangements, preventing unintended constraints on these specialized financial instruments.
Exclusion of Private Placement Warrants and Working Capital Warrants. The Company agrees that the redemption rights provided in this Section 6 shall not apply to the Private Placement Warrants or the Working Capital Warrants if at the time of the redemption such Private Placement Warrants or the Working Capital Warrants continue to be held by the Sponsor or any Permitted Transferees, as applicable. However, once such Private Placement Warrants or Working Capital Warrants are transferred (other than to Permitted Transferees under Section 2.6), the Company may redeem the Private Placement Warrants and the Working Capital Warrants, provided that the criteria for redemption are met, including the opportunity of the holder of such Private Placement Warrants or the Working Capital Warrants to exercise the Private Placement Warrants and the Working Capital Warrants prior to redemption pursuant to Section 6.3. Private Placement Warrants and Working Capital Warrants that are transferred to persons other than Permitted Transferees shall upon such transfer cease to be Private Placement Warrants or Working Capital Warrants and shall become Public Warrants under this Agreement.
Exclusion of Private Placement Warrants and Working Capital Warrants. The Company agrees that the redemption rights provided in this Section 6 shall not apply to the Private Placement Warrants or Working Capital Warrants.
Exclusion of Private Placement Warrants and Working Capital Warrants. Section 6.5 of the Existing Warrant Agreement is hereby deleted and replaced with the following: “[INTENTIONALLY OMITTED]”
Exclusion of Private Placement Warrants and Working Capital Warrants. The Company agrees that the redemption rights provided in Section 6.1 hereof shall not apply to the Private Placement Warrants or the Working Capital Warrants if at the time of the redemption such Private Placement Warrants or Working Capital Warrants continue to be held by the original holders thereof or their Permitted Transferees. However, once such Private Placement Warrants or Working Capital Warrants are transferred (other than to the original holders thereof or Permitted Transferees in accordance with Section 2.6), the Company may redeem such Private Placement Warrants or Working Capital Warrants pursuant to Section 6.1, provided that the criteria for redemption are met. Private Placement Warrants or Working Capital Warrants that are transferred to persons other than the original holders thereof or Permitted Transferees shall upon such transfer cease to be Private Placement Warrants or Working Capital Warrants and shall become Public Warrants under this Agreement.