Common use of Delivery of the Purchase Price Clause in Contracts

Delivery of the Purchase Price. The Initial Purchase Price is currently held in an account at American Stock Transfer & Trust Company, LLC (“AST”). At least one business day prior to the effective date of the Company’s registration statement relating to the IPO (“Registration Statement”), or the date of the exercise of the Over-Allotment Option, if any, the Purchaser agrees to deliver the Initial Purchase Price or Additional Purchase Price, as the case may be, by certified bank check or wire transfer of immediately available funds denominated in United States Dollars to AST, which is hereby irrevocably authorized to deposit such funds on the applicable Closing Date to the trust account which will be established for the benefit of the Company’s public shareholders, managed pursuant to that certain Investment Management Trust Agreement to be entered into by and between the Company and AST and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”). If the IPO is not consummated within 14 days of the date the Initial Purchase Price is delivered to AST, the Initial Purchase Price shall be returned to the Purchaser by certified bank check or wire transfer of immediately available funds denominated in United States Dollars, without interest or deduction.

Appears in 8 contracts

Samples: Unit Subscription Agreement (TenX Keane Acquisition), Unit Subscription Agreement (TenX Keane Acquisition), Unit Subscription Agreement (TMT Acquisition Corp.)

AutoNDA by SimpleDocs

Delivery of the Purchase Price. The Initial Purchase Price is currently held in an account at American Continental Stock Transfer & Trust Company, LLC (“ASTCST”). At least one business day prior to the effective date of the Company’s two registration statement statements relating to the IPO (collectively “Registration Statement”), or the date of the exercise of the Over-Allotment Option, if any, the Purchaser agrees to deliver the Initial Purchase Price or Additional Purchase Price, as the case may be, by certified bank check or wire transfer of immediately available funds denominated in United States Dollars to ASTCST, which is hereby irrevocably authorized to deposit such funds on the applicable Closing Date to the trust account which will be established for the benefit of the Company’s public shareholders, managed pursuant to that certain Investment Management Trust Agreement to be entered into by and between the Company and AST CST and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”). If the IPO is not consummated within 14 days of the date the Initial Purchase Price is delivered to ASTCST, the Initial Purchase Price shall be returned to the Purchaser by certified bank check or wire transfer of immediately available funds denominated in United States Dollars, without interest or deduction.

Appears in 7 contracts

Samples: Unit Subscription Agreement (Aimei Health Technology Co., Ltd.), Unit Subscription Agreement (Aimei Health Technology Co., Ltd.), Unit Subscription Agreement (Aimei Health Technology Co., Ltd.)

Delivery of the Purchase Price. The Initial Purchase Price is currently held in an account at American Stock Transfer & Trust Company, LLC (“AST”). At least one business day prior to the effective date of the Company’s registration statement relating to the IPO (the “Registration Statement”), or the date of the exercise of the Over-Allotment Option, if any, the Purchaser agrees to deliver the Initial Purchase Price or Additional Purchase Price, as the case may be, by certified bank check or wire transfer of immediately available funds denominated in United States Dollars to AST, Continental Stock Transfer & Trust Company or any other agent designated by the Company which is hereby irrevocably authorized to deposit such funds on the applicable Closing Date to the trust account which will be established for the benefit of the Company’s public shareholders, managed pursuant to that certain Investment Management Trust Agreement investment management trust agreement to be entered into by and between the Company and AST a trustee and into which substantially all of the net proceeds of the IPO (less than certain amount of fund not held in the trust account) will be deposited (the “Trust Account”). If the IPO is not consummated within 14 days of the date the Initial Purchase Price is delivered to ASTContinental Stock Transfer & Trust Company or any other agent designated by the Company, the Initial Purchase Price shall be returned to the Purchaser by certified bank check or wire transfer of immediately available funds denominated in United States Dollars, without interest or deduction.

Appears in 5 contracts

Samples: Unit Subscription Agreement (Bison Capital Acquisition Corp.), Unit Subscription Agreement (Bison Capital Acquisition Corp.), Unit Subscription Agreement (Bison Capital Acquisition Corp)

Delivery of the Purchase Price. The Initial Purchase Price is currently held in an account at American Continental Stock Transfer & Trust Company, LLC Company (“ASTCST”). At least one business day prior to the effective date of the Company’s registration statement relating to the IPO (“Registration Statement”), or the date of the exercise of the Over-Allotment Option, if any, the Purchaser agrees to deliver the Initial Purchase Price or Additional Purchase Price, as the case may be, by certified bank check or wire transfer of immediately available funds denominated in United States Dollars to ASTCST, which is hereby irrevocably authorized to deposit such funds on the applicable Closing Date to the trust account which will be established for the benefit of the Company’s public shareholders, managed pursuant to that certain Investment Management Trust Agreement to be entered into by and between the Company and AST CST and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”). If the IPO is not consummated within 14 days of the date the Initial Purchase Price is delivered to ASTCST, the Initial Purchase Price shall be returned to the Purchaser by certified bank check or wire transfer of immediately available funds denominated in United States Dollars, without interest or deduction.

Appears in 4 contracts

Samples: Unit Subscription Agreement (Eureka Acquisition Corp), Unit Subscription Agreement (Eureka Acquisition Corp), Unit Subscription Agreement (TMT Acquisition Corp.)

Delivery of the Purchase Price. The Initial Purchase Price is currently held in an account at American Continental Stock Transfer & Trust Company, LLC (“ASTCST”). At least one business day prior to the effective date of the Company’s registration statement relating to the IPO (collectively “Registration Statement”), or the date of the exercise of the Over-Allotment Option, if any, the Purchaser agrees to deliver the Initial Purchase Price or Additional Purchase Price, as the case may be, by certified bank check or wire transfer of immediately available funds denominated in United States Dollars to ASTCST, which is hereby irrevocably authorized to deposit such funds on the applicable Closing Date to the trust account which will be established for the benefit of the Company’s public shareholders, managed pursuant to that certain Investment Management Trust Agreement to be entered into by and between the Company and AST CST and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”). If the IPO is not consummated within 14 days of the date the Initial Purchase Price is delivered to ASTCST, the Initial Purchase Price shall be returned to the Purchaser by certified bank check or wire transfer of immediately available funds denominated in United States Dollars, without interest or deduction.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Rising Dragon Acquisition Corp.), Unit Subscription Agreement (Rising Dragon Acquisition Corp.)

AutoNDA by SimpleDocs

Delivery of the Purchase Price. The Initial Purchase Price is currently held in an escrow account at American Continental Stock Transfer & Trust Company, LLC Company (“ASTCST”). At least one business day prior to the effective date of the Company’s registration statement relating to the IPO (“Registration Statement”), or the date of the exercise of the Over-Allotment Option, if any, the Purchaser agrees to deliver the Initial Purchase Price or Additional Purchase Price, as the case may be, by certified bank check or wire transfer of immediately available funds denominated in United States Dollars to ASTCST, which is hereby irrevocably authorized to deposit such funds on the applicable Closing Date to the trust account which will be established for the benefit of the Company’s public shareholders, managed pursuant to that certain Investment Management Trust Agreement to be entered into by and between the Company and AST CST and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”). If the IPO is not consummated within 14 days of the date the Initial Purchase Price is delivered to ASTCST, the Initial Purchase Price shall be returned to the Purchaser by certified bank check or wire transfer of immediately available funds denominated in United States Dollars, without interest or deduction.

Appears in 1 contract

Samples: Unit Subscription Agreement (Greenland Acquisition Corp.)

Delivery of the Purchase Price. The Initial Purchase Price is currently held in an account at American Continental Stock Transfer & Trust Company, LLC Company (“ASTCST”). At least one business day prior to the effective date of the Company’s registration statement relating to the IPO (“Registration Statement”), or the date of the exercise of the Over-Allotment Option, if any, the Purchaser agrees to deliver the Initial Purchase Price or Additional Purchase Price, as the case may be, by certified bank check or wire transfer of immediately available funds denominated in United States Dollars to ASTCST, which is hereby irrevocably authorized to deposit such funds on the applicable Closing Date to the trust account which will be established for the benefit of the Company’s public shareholders, managed pursuant to that certain Investment Management Trust Agreement to be entered into by and between the Company and AST CST and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”). [If the IPO is not consummated within 14 days of the date the Initial Purchase Price is delivered to ASTCST, the Initial Purchase Price shall be returned to the Purchaser by certified bank check or wire transfer of immediately available funds denominated in United States Dollars, without interest or deduction.]

Appears in 1 contract

Samples: Unit Subscription Agreement (Fellazo Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!