Excess Pathfinder Class B Shares
Excess Pathfinder Class B Shares. A number of Pathfinder Class B Shares (rounded down to the nearest whole number) held by the Sponsor immediately prior to the First Merger Effective Time with a value (based on the applicable Pathfinder Security Value) equal to the excess, if any, of (a) the Excess Pathfinder Liabilities Amount, over (b) the Excess Cancelled Warrant Value. For the avoidance of doubt, if there is no such excess, then the Excess Pathfinder Class B Shares and the Unpaid Liability Ratio shall be equal to zero
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Found in
Pathfinder Acquisition Corp contract