Sponsor Loan Units definition

Sponsor Loan Units shall have the meaning given in the Recitals hereto.
Sample 1Sample 2Sample 3
Sponsor Loan Units means an aggregate of up to 622,300 Units of the Company (each Sponsor Loan Unit consists of one-half of a Sponsor Loan Warrant and one Sponsor Loan Share) that may be issued to the Sponsor upon conversion of the Sponsor Loan; (xii) “Sponsor Loan Warrants” shall mean the Warrants to purchase an aggregate of up to 311,150 Ordinary Shares that are included in the Sponsor Loan Units; (xiv) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited; (xv) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (xvi) “Charter” shall mean the Company’s memorandum and articles of association, as the same may be amended from time to time.
Sample 1
Sponsor Loan Units means an aggregate of up to 517,500 Units of the Company (each Sponsor Loan Unit consists of one-half of a Sponsor Loan Warrant and one Sponsor Loan Share) that may be issued to the Sponsor upon conversion of the Sponsor Loan; (xii) “Sponsor Loan Warrants” shall mean the Warrants to purchase an aggregate of up to 225,000
Sample 1

Examples of Sponsor Loan Units in a sentence

  • The shares of Common Stock included in the Sponsor Loan Units have been duly authorized and reserved for issuance and when issued and paid for in accordance with the Sponsor Loan Note, will be validly issued, fully paid and non-assessable.

  • If the Company does not complete an initial Business Combination and the Sponsor Loan has not been converted into Sponsor Loan Units prior to such time, the Company will not repay the Sponsor Loan and its proceeds will be distributed to Public Shareholders.

  • The Company will reserve and keep available that maximum number of its authorized but unissued securities which are issuable upon (1) exercise of the Warrants included in the Units, the Placement Units, Sponsor Loan Units and the Forward Purchase Units outstanding from time to time, (2) the conversion of the Sponsor Loan into Sponsor Loan Units and (3) the closing of the Forward Private Placement.

  • The Sponsor Loan Units, the shares of Common Stock included in the Placement Units, the warrants included in the Sponsor Loan Units (the “Sponsor Loan Warrants”) and the shares of Common Stock issuable upon exercise of the Sponsor Loan Warrants are hereinafter referred to collectively as the “Sponsor Loan Securities.” No underwriting discounts, commissions or placement fees have been or will be payable in connection with the Sponsor Loan Securities or the Sponsor Loan.

  • The Company has entered into a warrant agreement with respect to the Warrants underlying the Units, the Placement Units, the Sponsor Loan Units and the Forward Purchase Units with CST substantially in the form filed as an exhibit to the Registration Statement (“Warrant Agreement”).

  • The Company has entered into a warrant agreement with respect to the Warrants underlying the Units, the Placement Units, Sponsor Loan Units, and certain other warrants that may be issued by the Company with CST substantially in the form filed as an exhibit to the Registration Statement (“Warrant Agreement”).

  • The Company has entered into a warrant agreement with respect to the Warrants underlying the Units, the Placement Units, Sponsor Loan Units and certain other warrants that may be issued by the Company with CST substantially in the form filed as an exhibit to the Registration Statement (“Warrant Agreement”).

  • Civil Code 1719 probably provides a safe harbor if the amount does not exceed $25 for the first incident and $35 for subsequent incidents.

  • The Class A Ordinary Shares issuable upon exercise of the Warrants included in the Sponsor Loan Units (“Sponsor Loan Warrants”) have been reserved for issuance and, when issued in accordance with the terms of such warrants, will be duly and validly authorized, validly issued and upon payment therefor, fully paid and non-assessable, and the holders thereof are not and will not be subject to personal liability by reason of being such holders.


More Definitions of Sponsor Loan Units

Sponsor Loan Units means up to an aggregate of an additional 460,000 units, at a price of $10.00 per unit, that may be issued in connection with the conversion of loans made by the Sponsor or its affiliates or designees in order to finance the Company’s exercise of one or more of its options to extend the period of time by which it must complete a Business Combination, which units would be identical to the Private Placement Units; (xii) “Sponsor Loan Warrants” shall mean the Warrants to purchase up to 345,000 shares of Common Stock comprising the Sponsor Loan Units; (xiii) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited; (xiv) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); (xv) “Working Capital Shares” shall mean the up to 150,000 shares of Common Stock comprising the Working Capital Units; (xvi) “Working Capital Units” shall mean up to 150,000 units that may be issued in connection with the conversion of loans made by the Sponsor or certain of the Company’s officers or directors in order to finance the Company’s transaction costs in connection with an initial Business Combination, which units would be identical to the Private Placement Units; and (xvii) “Working Capital Warrants” shall mean the Warrants to purchase up to 112,500 shares of Common Stock comprising the Working Capital Units.
Sample 1

Related to Sponsor Loan Units

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Sponsor Shares shall have the meaning given in the Recitals hereto.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • General Partner Loan has the meaning provided in Section 5.2(c) hereof.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Investor-Owned Residential Loans means Loans, excluding advances made pursuant to Home Equity Loans, that are secured by mortgages on one- to four family residences or stock of cooperative housing associations that are not owner-occupied. These loans can be treated as Restructured Loans on a commercially reasonable basis and can be a restructured under terms separate from the Exhibit 5 standards. Please refer to Exhibit 2b for guidance in Calculation of Loss for Restructured Loans.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Sponsor Group means the Sponsors and the Sponsor Related Parties.

  • Common Units is defined in the Partnership Agreement.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Partnership Percentage means a percentage established for each partner on the Partnership' books as of the first day of each Fiscal Period. The Partnership Percentage of a Partner for a Fiscal Period shall be determined by dividing the amount of the Partner's capital account as of the beginning of the Fiscal Period by the sum of the capital accounts of all of the Partners as of the beginning of the fiscal Period. The sum of the Partnership Percentage for each fiscal Period shall equal one hundred percent (100%).

  • Class B Units means the Class B Units of the Company.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Investor-Owned Residential Loan means a Loan, excluding advances made pursuant to a Home Equity Loan, that is secured by a mortgage on a one- to four family residences or stock of cooperative housing associations that is not owner-occupied or the borrower’s primary residence.