Sponsor Support Shares definition

Sponsor Support Shares means such number of PubCo Shares equal to the number of PubCo Shares held by the Sponsor immediately after closing of the Initial Merger minus the Earn-Out Shares, subject to adjustment in accordance with the proviso below; provided that if an Earn-Out Vesting Event occurs prior to Sponsor having satisfied all of its obligations under each of the Non-Redemption Deeds, then the Sponsor Support Shares shall also be deemed to include all of the Earn-Out Shares;
Sample 1Sample 2Sample 3
Sponsor Support Shares means such number of PubCo Shares equal to the product of (a) the number of PubCo Shares held by the Sponsor immediately after closing of the Initial Merger minus 2,000,000 PubCo Class B Ordinary Shares and (b) 60%, subject to adjustment in accordance with the proviso below; provided that if an Earn-Out Vesting Event occurs prior to Sponsor having satisfied all of its payment obligations under this Deed, then Sponsor Support Shares shall also be deemed to include 60% of the Vested PubCo Shares;
Sample 1Sample 2

Examples of Sponsor Support Shares in a sentence

  • If any Transfer of Sponsor Support Shares is made contrary to the provisions of this Section 6.4, such purported Transfer shall be null and void ab initio.

  • For the avoidance of doubt, Sponsor shall retain all of its rights as a shareholder of PubCo with respect to the Sponsor Support Shares during the Restricted Period, including, without limitation, the right to vote any Sponsor Support Shares that are entitled to vote, the right to appoint a proxy with respect to any vote of any Sponsor Support Shares, and the right to receive any dividends or distributions in respect of such Sponsor Support Shares.

Related to Sponsor Support Shares

  • Sponsor Support Agreement has the meaning set forth in the recitals to this Agreement.

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

  • Senior Support Certificate A Senior Certificate that provides additional credit enhancement to certain other classes of Senior Certificates and designated as such in the Preliminary Statement of the Series Supplement.

  • Behavior Support Plan means the individualized proactive support strategies used to support positive behavior.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Private Placement Units shall have the meaning given in the Recitals hereto.

  • Grenfell Tower support payment means a payment made to a person because that person was affected by the fire on 14th June 2017 at Grenfell Tower, or a payment to the personal representative of such a person—

  • Private Placement Shares shall have the meaning given in the Recitals hereto.

  • Private Placement Lock-up Period means, with respect to Private Placement Warrants that are held by the initial purchasers of such Private Placement Warrants or their Permitted Transferees, and any of the Ordinary Shares issued or issuable upon the exercise or conversion of the Private Placement Warrants and that are held by the initial purchasers of the Private Placement Warrants or their Permitted Transferees, the period ending 30 days after the completion of the Company’s initial Business Combination.

  • Peer support specialist means an individual who has experienced a severe and persistent mental illness and who has successfully completed standardized training to provide peer support services through the medical assistance program or the Iowa Behavioral Health Care Plan.

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Lock-Up Shares has the meaning set forth in Section 4.1.

  • Placement Units shall have the meaning given in the Recitals hereto.

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Individual Support Plan means a document in writing (as amended from time to time) between You and a Service User, their family, guardian, advocate or financial manager about the disability services to be delivered to the Service User and how those services will be delivered to meet the Service User’s identified goals;

  • Private Placement Warrants shall have the meaning given in the Recitals hereto.

  • Publicly Offered Certificates [______________], Mortgage Pass-Through Certificates, Series [_______], Class [__], Class [__], Class [__], Class [__], Class [__], Class [__] and Class [__] issued pursuant to the Pooling and Servicing Agreement.

  • Level 1 Support means qualifying and logging all Technical Support Incidents, answering technical inquiries via telephone support and email regarding the Work and performing limited diagnostic services.

  • Sponsor Director means an individual elected to the Board that has been nominated by the Sponsor pursuant to this Agreement.

  • Program Support Agreement means and includes any Liquidity Agreement and any other agreement entered into by any Program Support Provider providing for: (a) the issuance of one or more letters of credit for the account of any Conduit Purchaser, (b) the issuance of one or more surety bonds for which the such Conduit Purchaser is obligated to reimburse the applicable Program Support Provider for any drawings thereunder, (c) the sale by such Conduit Purchaser to any Program Support Provider of the Purchased Interest (or portions thereof) maintained by such Conduit Purchaser and/or (d) the making of loans and/or other extensions of credit to any Conduit Purchaser in connection with such Conduit Purchaser’s securitization program contemplated in this Agreement, together with any letter of credit, surety bond or other instrument issued thereunder.

  • Level 2 Support means, with the use of technical support specialists: (i) performing Defect isolation, Defect replication and interoperability testing; (ii) performing remote diagnostic services and on-site troubleshooting, if required; (iii) identifying the source of Defects; (iv) developing a reproducible test case for any Defect and documenting the details of such Defect for escalation to Level 3 Support; and (v) developing and implementing Workarounds where reasonably possible.

  • Lock-Up Securities has the meaning set out in Section 5(l).

  • Pharmacy support person means a person, other than a licensed pharmacist, a registered pharmacist-intern, or a registered pharmacy technician, who may perform nontechnical duties assigned by a supervising pharmacist under the pharmacist’s responsibility and supervision.

  • Sponsor Model means the Sponsor’s financial model, dated June 26, 2018, used in connection with the syndication of the Credit Facility.

  • Program Support Provider means and includes with respect to each Conduit Purchaser any Liquidity Provider and any other Person (other than any customer of such Conduit Purchaser) now or hereafter extending credit or having a commitment to extend credit to or for the account of, or to make purchases from, such Conduit Purchaser pursuant to any Program Support Agreement.