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

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

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 Buyer Warrant held by the Sponsor.

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 is defined in the recitals to this Agreement; provided, that such Sponsor Warrants shall cease to be Sponsor Warrants when: (a) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act (as defined below) and such securities shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (b) such securities shall have been otherwise transferred pursuant to Rule 144 of the Securities Act (or any similar provisions thereunder, but not Rule 144A), and new certificates for them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public distribution of them shall not require registration under the Securities Act; or (c) such securities shall have ceased to be outstanding.

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 (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.