Common use of Closing of Purchase of Securities Clause in Contracts

Closing of Purchase of Securities. The consummation and settlement of the purchase and sale of the Forward Purchase Shares hereunder (the “Closing”) shall be held at the same date and immediately prior to the Business Combination Closing (the date of the Closing being referred to as the “Closing Date”). At the Closing, the Company will issue to the Purchaser the Forward Purchase Shares, each registered in the name of the Purchaser, against delivery of the Purchase Price in cash via wire transfer to an account specified in writing by the Company no later than five business days prior to the Closing.

Appears in 2 contracts

Samples: Forward Purchase Agreement (RedBall Acquisition Corp.), Forward Purchase Agreement (Tortoise Acquisition Corp.)

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Closing of Purchase of Securities. The consummation and settlement of the purchase and sale of the Forward Purchase Shares Securities hereunder (the “Closing”) shall be held at the same date and immediately prior to the Business Combination Closing (the date of the Closing being referred to as the “Closing Date”). At the Closing, the Company will issue to the Purchaser the Forward Purchase SharesSecurities, each registered in the name of the Purchaser, against delivery of the Purchase Price in cash via wire transfer to an account specified in writing by the Company no later than five business days prior to the Closing.

Appears in 2 contracts

Samples: Forward Purchase Agreement (Tortoise Acquisition Corp.), Forward Purchase Agreement (Tortoise Acquisition Corp.)

Closing of Purchase of Securities. The consummation and settlement of the forward purchase contract for the purchase and sale of the Forward Purchase Shares Securities hereunder (the “Closing”) shall be held at the same date and immediately prior to the closing of the Business Combination Closing (the date of the Closing being referred to as the “Closing Date”). At the Closing, the Company will issue to the Purchaser Subscriber the Forward Purchase SharesUnits, each registered in the name of the PurchaserSubscriber, against delivery of the Purchase Price in cash via wire transfer to an account specified in writing by the Company no later than five [ ] business days prior to the Closing.

Appears in 1 contract

Samples: Opes Acquisition Corp.

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Closing of Purchase of Securities. The consummation and settlement of the purchase and sale of the Forward Purchase Shares Securities hereunder (the “Closing”) shall be held at the same date and immediately prior to the Business Combination Closing closing (the date of the Closing being referred to as the “Closing Date”). At the Closing, the Company will issue to the Purchaser the Forward Purchase SharesSecurities, each registered in the name of the Purchaser, against delivery of the Purchase Price in cash via wire transfer to an account specified in writing by the Company no later than five business days prior to the Closing.

Appears in 1 contract

Samples: Forward Purchase Agreement (Rice Acquisition Corp.)

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