Common use of Deferred Underwriting Commission Clause in Contracts

Deferred Underwriting Commission. The Representatives agree that 3.5% of the gross proceeds from the sale of the Firm Units, or $3,500,000 (or up to $4,025,000 including the gross proceeds from the sale of the Option Units if the Over-allotment Option is exercised in full) (the “Deferred Underwriting Commission”) will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives for the account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree that: (i) the Underwriters shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives agree Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 10,500,000) and 5.5% of the gross proceeds from the sale of the Option Units if the Over-allotment Option is exercised in full(up to $2,475,000) (collectively, the “Deferred Underwriting Commission”) will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Cantor Xxxxxxxxxx for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Representative agrees that: (i) the Underwriters Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 5,250,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $1,237,500), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Cantor Xxxxxxxxxx for the account of the Underwriters its own accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Cantor Xxxxxxxxxx agrees that: (i) the Underwriters it shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 5,250,000) and 3.5% of the gross proceeds from the sale of the Option Units (up to $787,500), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Cantor Xxxxxxxxxx for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Cantor Xxxxxxxxxx agrees that: (i) the Underwriters it shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 8,750,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,062,500), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Underwriters for the account of the Underwriters their own accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree that: (i) the Underwriters shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 8,400,000) and 3.5% of the gross proceeds from the sale of the Option Units (up to $1,260,000), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Cantor Fxxxxxxxxx for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Cantor Fxxxxxxxxx agrees that: (i) the Underwriters shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 10,500,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Cantor Xxxxxxxxxx for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Cantor Xxxxxxxxxx agrees that: (i) the Underwriters shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives agree Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 5,250,000) and that 5.5% of the gross proceeds from the sale of the Option Units if the Over-allotment Option is exercised in full(up to $787,500) (collectively, the “Deferred Underwriting Commission”) will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives for the account Representative (on behalf of the Underwriters Underwriters) for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CSTCST&T, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Representative agrees that: (i) the Underwriters Representative shall forfeit any rights or claims to the Deferred Underwriting Commission, including any accrued interest thereon; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 1,750,000) and the Option Units (or up to $4,025,000 including the gross proceeds from the sale of the Option Units if the Over-allotment Option is exercised in full262,500) (the “Deferred Underwriting Commission”) will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Representative for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. Each of the Underwriters acknowledges that only the Representative shall receive the Deferred Underwriting Commission. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Underwriter agrees that: (i) the Underwriters shall hereby forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. 1.3.1 The Representatives Underwriters agree that 3.54.0% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 7,200,000) and 6.0% of the gross proceeds from the sale of the Option Units (up to $1,620,000), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Representative for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Representative agrees that: (i) the Underwriters Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 18,270,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $4,306,500), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives for the account of the Underwriters their own accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters Representatives agree that: (i) the Underwriters Representatives shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 7,000,000) and 3.5% of the gross proceeds from the sale of the Option Units (up to $1,050,000), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Cantor Xxxxxxxxxx for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Cantor Xxxxxxxxxx agrees that: (i) the Underwriters it shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 9,625,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,268,750), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Underwriters for the account of the Underwriters their own accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree that: (i) the Underwriters shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives agree Underwriter agrees that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 12,250,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,887,500), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Underwriter for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Underwriter agrees that: (i) the Underwriters Underwriter shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 10,675,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,516,250), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Underwriters for the account of the Underwriters their own accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree that: (i) the Underwriters shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 8,750,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,062,500), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Underwriters for the account of the Underwriters their own accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree that: (i) the Underwriters they shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 8,750,000) and 3.5% of the gross proceeds from the sale of the Option Units (up to $1,312,500), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Cantor Xxxxxxxxxx for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Cantor Xxxxxxxxxx agrees that: (i) the Underwriters shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.

Deferred Underwriting Commission. The Representatives agree Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 7,875,000) and 5.5% of the gross proceeds from the sale of the Option Units if the Over-allotment Option is exercised in full(up to $1,856,250) (collectively, the “Deferred Underwriting Commission”) will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Cantor Xxxxxxxxxx for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Representative agrees that: (i) the Underwriters Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 10,500,000) and 3.5% of the gross proceeds from the sale of the Option Units (up to $1,575,000), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Cantor Xxxxxxxxxx for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Cantor Xxxxxxxxxx agrees that: (i) the Underwriters shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Representatives agree Representative agrees that 3.53.50% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 5,250,000) and all of the gross proceeds from the sale of the Option Units if the Over-allotment Option is exercised in full(up to $1,237,500) (the “Deferred Underwriting Commission”) will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, . The Deferred Underwriting Commission shall be paid by the Company to the Representatives for Underwriters in cash upon the account of the Underwriters upon consummation closing of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”)Account, commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Representative, on behalf of itself and the other Underwriters, agrees that: (i) the several Underwriters shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersStockholders together with any interest thereon (which interest shall be net of taxes payable and any amounts released to the Company to fund working capital requirements).

Deferred Underwriting Commission. The Representatives Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units, or Units ($3,500,000 (or up to $4,025,000 including 7,700,000) and 3.5% of the gross proceeds from the sale of the Option Units (up to $1,155,000), if the Over-allotment Option is exercised in full) any (collectively, the “Deferred Underwriting Commission”) ), will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives Cantor Xxxxxxxxxx for the its own account of the Underwriters upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree Cantor Xxxxxxxxxx agrees that: (i) the Underwriters it shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.