Sponsor Warrant definition

Sponsor Warrant means an Acquiror Warrant held by any of the Sponsors as of immediately prior to the Effective Time.

Sponsor Warrant shall have the meaning given in the Recitals hereto.

Sponsor Warrant means a LACQ Warrant held by a Sponsor or its Affiliates.

Examples of Sponsor Warrant in a sentence

• PSCM has provided this advice in exchange for the compensation granted to the Pershing Fund Defendants and the Sponsor Defendant under the Forward Purchase Agreement and the Sponsor Warrant Agreement.

• This Action likewise seeks damages with respect to and rescission of the Sponsor Warrants granted under the Sponsor Warrant Purchase Agreement to the Sponsor Defendant.

• Under section 36(b) of the ICA, 15 U.S.C. § 80a-35(b), each of the Forward Purchase Agreement, the Sponsor Warrant Purchase Agreement, and the Director Warrant Purchase Agreement constitutes a breach of fiduciary duty with respect to the receipt of compensation for services or of payments of a material nature paid by the Company or its security holders to the Defendants.

• Each of the Forward Purchase Agreement, the Sponsor Warrant Purchase Agreement, and the Director Warrant Purchase Agreement provides compensation so disproportionately large that it bears no reasonable relationship to the services rendered and could not have been the product of arm’s length bargaining, as is required by section 36(b) of the ICA.

• Currently the terms 'classification', 'rating', and 'grading' are used to commonly refer to the same idea, that is- to classify hotels.Some consider this situation as highly disadvantageous to smaller hotels.

More Definitions of Sponsor Warrant

Sponsor Warrant and “Stockholder Warrant” in Sections 5.6(c) and 5.6(d) shall be deleted.

Sponsor Warrant means a warrant to purchase one Mountain Class A ordinary share at a price of $11.50 per share, subject to adjustment in accordance with the Warrant Agreement, dated as of November 4, 2021, between Mountain and Continental Stock Transfer & Trust Company, as trustee.

Sponsor Warrant means a warrant issued to Sponsor to purchase a number of shares of Common Stock, which warrants shall have the terms set forth in and as governed by the Sponsor Warrant Agreement.

Sponsor Warrant means an Acquiror Warrant held by (i) the Sponsor, (ii) funds or accounts managed by subsidiaries of BlackRock, Inc. or (iii) funds or accounts managed by Alta Fundamental Advisers LLC, in each case, as of immediately prior to the Effective Time.

Sponsor Warrant means an Acquiror Warrant held by any of the Sponsors as of immediately prior to the Delaware Merger Effective Time.

Sponsor Warrant means an Acquiror Warrant held by (i) the Sponsor, (ii) funds or accounts managed by subsidiaries of BlackRock, Inc. or(iii) funds or accounts managed by Alta Fundamental Advisers LLC, in each case, as of immediately prior to the Effective Time. “Stockholders’ Agreement” has the meaning specified in the Recitals hereto.

Sponsor Warrant means a Buyer Warrant held by the Sponsor.