Common use of Deferred Discount; Initial Business Combination Clause in Contracts

Deferred Discount; Initial Business Combination. Upon the consummation of the initial Business Combination, the Company will direct the trustee under the Trust Agreement to pay the Underwriters the Deferred Discount out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within eighteen months from the closing of the Offering (or later if the public stockholders approve an amendment to the Company’s amended and restated certificate of incorporation extending such deadline), the Deferred Discount will not be paid to the Underwriters and will, instead, be included in the distribution of the proceeds held in the Trust Account made to the public stockholders upon the liquidation of the Company. In connection with any such liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.

Deferred Discount; Initial Business Combination. Upon the consummation of the initial Business Combination, the Company will direct the trustee under the Trust Agreement to pay the Underwriters the Deferred Discount out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within eighteen nine (9) months from the closing of the Offering (or later 15 months, if the public stockholders approve Company extends the time to complete an amendment to initial Business Combination as described in the Company’s amended and restated certificate of incorporation extending such deadlineProspectus), the Deferred Discount will not be paid to the Underwriters and will, instead, be included in the distribution of the proceeds held in the Trust Account made to the public stockholders upon the liquidation of the Company. In connection with any such liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.

Deferred Discount; Initial Business Combination. Upon the consummation of the initial Business Combination, the Company will direct the trustee under the Trust Agreement to pay the Underwriters the Deferred Discount out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within eighteen nine (9) months from the closing of the Offering (or later 18 months, if the public stockholders approve Company extends the time to complete an amendment to initial Business Combination as described in the Company’s amended and restated certificate of incorporation extending such deadlineProspectus), the Deferred Discount will not be paid to the Underwriters and will, instead, be included in the distribution of the proceeds held in the Trust Account made to the public stockholders upon the liquidation of the Company. In connection with any such liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.

Deferred Discount; Initial Business Combination. Upon the consummation of the initial Business Combination, the Company will direct the trustee under the Trust Agreement to pay the Underwriters the Deferred Discount out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within eighteen 12 months from the closing of the Offering (or later up to 15 months or 18 months from the closing of the Offering, as applicable, if the public stockholders approve an amendment Company extends the time to the Company’s amended and restated certificate of incorporation extending such deadlinecomplete a business combination), the Deferred Discount will not be paid to the Underwriters and will, instead, be included in the distribution of the proceeds held in the Trust Account made to the public stockholders upon the liquidation of the Company. In connection with any such liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.

Deferred Discount; Initial Business Combination. Upon the consummation of the initial Business Combination, the Company will direct the trustee under the Trust Agreement to pay the Underwriters the Deferred Discount out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within eighteen twelve (12) months from the closing of the Offering (or later 18 months, if the public stockholders approve Company extends the time to complete an amendment to initial Business Combination as described in the Company’s amended and restated certificate of incorporation extending such deadlineProspectus), the Deferred Discount will not be paid to the Underwriters and will, instead, be included in the distribution of the proceeds held in the Trust Account made to the public stockholders upon the liquidation of the Company. In connection with any such liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.

Deferred Discount; Initial Business Combination. Upon the consummation of the initial Business Combination, the Company will direct the trustee under the Trust Agreement to pay the Underwriters the Deferred Discount out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within eighteen 12 months (or 18 months, if we extend the time to complete a business combination as described in this prospectus) from the closing of the Offering (or later if the public stockholders approve an amendment to the Company’s amended and restated certificate of incorporation extending such deadline), the Deferred Discount will not be paid to the Underwriters and will, instead, be included in the distribution of the proceeds held in the Trust Account made to the public stockholders upon the liquidation of the Company. In connection with any such liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.