Agreement to Subscribe. 1.1. Purchase and Issuance of the Sponsor Units. (i) Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Closing Date (as defined below) the Initial Sponsor Units in consideration of the payment of the Initial Purchase Price (as defined below). On the Closing Date, the Company shall, at its option, deliver to the Subscriber the certificates representing the Securities purchased or effect such delivery in book-entry form. (ii) The Subscriber hereby agrees to purchase up to an additional 45,000 Additional Units at $10.00 per Additional Unit for a purchase price of up to $450,000. The purchase and issuance of the Additional Units shall occur only in the event that the Over-Allotment Option is exercised in full or in part. The total number of Additional Units to be purchased hereunder shall be in the same proportion as the proportion of the Over-Allotment Option that is exercised. Each purchase of Additional Units shall occur simultaneously with the consummation of the applicable portion of the Over-Allotment Option.
Appears in 2 contracts
Samples: Sponsor Private Placement Units Purchase Agreement (InterPrivate III Financial Partners Inc.), Sponsor Private Placement Units Purchase Agreement (InterPrivate III Financial Partners Inc.)
Agreement to Subscribe. 1.1. Purchase and Issuance of the Sponsor Underwriter Units.
(i) Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Closing Date (as defined below) the Initial Sponsor Underwriter Units in consideration of the payment of the Initial Purchase Price (as defined below). On the Closing Date, the Company shall, at its option, deliver to the Subscriber the certificates representing the Securities purchased or effect such delivery in book-entry form.
(ii) The Subscriber hereby agrees to purchase up to an additional 45,000 15,000 Additional Units at $10.00 per Additional Unit for a purchase price of up to $450,000150,000. The purchase and issuance of the Additional Units shall occur only in the event that the Over-Allotment Option is exercised in full or in part. The total number of Additional Units to be purchased hereunder shall be in the same proportion as the proportion of the Over-Allotment Option that is exercised. Each purchase of Additional Units shall occur simultaneously with the consummation of the applicable portion of the Over-Allotment Option.
Appears in 2 contracts
Samples: Underwriter Private Placement Units Purchase Agreement (InterPrivate III Financial Partners Inc.), Underwriter Private Placement Units Purchase Agreement (InterPrivate III Financial Partners Inc.)
Agreement to Subscribe. 1.1. Purchase and Issuance of the Sponsor Units.
(i) Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Closing Date (as defined below) the Initial Sponsor Units in consideration of the payment of the Initial Purchase Price (as defined below). On the Closing Date, the Company shall, at its option, deliver to the Subscriber the certificates representing the Securities purchased or effect such delivery in book-entry form.
(ii) The Subscriber hereby agrees to purchase up to an additional 45,000 Additional Sponsor Units at $10.00 per Additional Sponsor Unit for a purchase price of up to $450,000$ . The purchase and issuance of the Additional Sponsor Units shall occur only in the event that the Over-Allotment Option is exercised in full or in part. The total number of Additional Sponsor Units to be purchased hereunder shall be in the same proportion as the proportion of the Over-Allotment Option that is exercised. Each purchase of Additional Sponsor Units shall occur simultaneously with the consummation of the applicable portion of the Over-Allotment Option.
Appears in 1 contract
Samples: Sponsor Private Placement Units Purchase Agreement (GSR III Acquisition Corp.)
Agreement to Subscribe. 1.1. Purchase and Issuance of the Sponsor Units.
(i) Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Closing Date (as defined below) the Initial Sponsor Units in consideration of the payment of the Initial Purchase Price (as defined below). On the Closing Date, the Company shall, at its option, deliver to the Subscriber the certificates representing the Securities purchased or effect such delivery in book-entry form.
(ii) The Subscriber hereby agrees to purchase up to an additional 45,000 Additional Units at $10.00 per Additional Unit for a purchase price of up to $450,000$ . The purchase and issuance of the Additional Units shall occur only in the event that the Over-Allotment Option is exercised in full or in part. The total number of Additional Units to be purchased hereunder shall be in the same proportion as the proportion of the Over-Allotment Option that is exercised. Each purchase of Additional Units shall occur simultaneously with the consummation of the applicable portion of the Over-Allotment Option.
Appears in 1 contract
Samples: Sponsor Private Placement Units Purchase Agreement (GSR III Acquisition Corp.)
Agreement to Subscribe. 1.1. Purchase and Issuance of the Sponsor Units.
(i) Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Closing Date (as defined below) the Initial Sponsor Units in consideration of the payment of the Initial Purchase Price (as defined below). On the Closing Date, the Company shall, at its option, deliver to the Subscriber the certificates representing the Securities purchased or effect such delivery in book-entry form.
(ii) The Subscriber hereby agrees to purchase up to an additional 45,000 Additional Sponsor Units at $10.00 per Additional Sponsor Unit for a purchase price of up to approximately $450,00037,500. The purchase and issuance of the Additional Sponsor Units shall occur only in the event that the Over-Allotment Option is exercised in full or in part. The total number of Additional Sponsor Units to be purchased hereunder shall be in the same proportion as the proportion of the Over-Allotment Option that is exercised. Each purchase of Additional Sponsor Units shall occur simultaneously with the consummation of the applicable portion of the Over-Allotment Option.
Appears in 1 contract
Samples: Sponsor Private Placement Units Purchase Agreement (GSR III Acquisition Corp.)