Common use of Fee on Business Combination Clause in Contracts

Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on the Closing Date into the Trust Account in an amount equal to (i) 3.72% of the gross proceeds from the sale of Units, minus (ii) $0.2976 for each share of Common Stock converted to cash.

Appears in 2 contracts

Samples: Underwriting Agreement (Transforma Acquisition Group Inc.), Underwriting Agreement (Transforma Acquisition Group Inc.)

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Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount discounts and commission commissions deposited on the Closing Date into the Trust Account in an amount equal to (i) 3.72% two percent (2%) of the gross proceeds from the sale of Units, minus (ii) $0.2976 for each share amounts paid to public stockholders that redeem their shares of Common Stock converted to for cash.

Appears in 2 contracts

Samples: Underwriting Agreement (Camden Learning CORP), Underwriting Agreement (Camden Learning CORP)

Fee on Business Combination. Upon the consummation of a the Company’s initial Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on the Closing Date into the Trust Account in an amount equal to (i) 3.72% three percent (3.0%) of the gross proceeds from the sale of Units, minus (ii) $0.2976 0.30 for each share of Common Stock converted to cashcash (as described in the Prospectus included in the Registration Statement at the time of effectiveness).

Appears in 1 contract

Samples: Underwriting Agreement (Sports Properties Acquisition Corp.)

Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on at the Closing Date Time into the Trust Account in an amount equal to (i) 3.72% three and one half (3.5%) of the gross proceeds from the sale of UnitsSecurities, minus (ii) $0.2976 for each share amounts paid from the Trust Account to public stockholders that convert their shares of Common Stock converted to for cash.

Appears in 1 contract

Samples: MBF Healthcare Acquisition Corp.

Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on at the Closing Date Time into the Trust Account in an amount equal to three and a half percent (i3.5%) 3.72% of the gross proceeds from the sale of Units, minus (ii) $0.2976 for each share of Common Stock converted to cashSecurities.

Appears in 1 contract

Samples: Mistral Acquisition CO

Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on the Closing Date into the Trust Account in an amount equal to (i) 3.72% two and one-quarter percent (2.25%) of the gross proceeds from the sale of Units, minus (ii) $0.2976 0.18 for each share of Common Stock converted to cash.

Appears in 1 contract

Samples: Underwriting Agreement (Transforma Acquisition Group Inc.)

Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on at the Closing Date Time into the Trust Account in an amount equal to (i) 3.72% two percent (2%) of the gross proceeds from the sale of UnitsSecurities, minus (ii) $0.2976 for each share amounts paid to public stockholders that convert their shares of Common Stock converted to for cash.

Appears in 1 contract

Samples: Purchase Agreement (Catalytic Capital Investment Corp)

Fee on Business Combination. Upon the consummation of a the Company’s initial Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount discounts and commission commissions deposited on the Closing Date into the Trust Account in an amount equal to (i) 3.72% four percent (4.0%) of the gross proceeds from the sale of Units, minus (ii) $0.2976 0.40 for each share of Common Stock converted to cashcash (as described in the Prospectus).

Appears in 1 contract

Samples: Underwriting Agreement (National Security Solutions Inc.)

Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on the Closing Date into the Trust Account in an amount equal to (i) 3.72% [three and seven-tenths] percent ([3.7]%) of the gross proceeds from the sale of Units, minus (ii) $0.2976 for each share amounts paid to public stockholders that convert their shares of Common Stock converted to for cash.

Appears in 1 contract

Samples: Underwriting Agreement (Union Street Acquisition Corp.)

Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on at the Closing Date Time into the Trust Account in an amount equal to (i) 3.72% two percent (2%) of the gross proceeds from the sale of UnitsSecurities, minus (ii) $0.2976 for each share amounts paid from the Trust Account to public stockholders that convert their shares of Common Stock converted to for cash.

Appears in 1 contract

Samples: MBF Healthcare Acquisition Corp.

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Fee on Business Combination. Upon the consummation of a the Company’s initial Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on the Closing Date into the Trust Account in an amount equal to (i) 3.72% three and one-half percent (3.5%) of the gross proceeds from the sale of Units, minus (ii) $0.2976 0.35 for each share of Common Stock converted to cashcash (as described in the Prospectus included in the Registration Statement at the time of effectiveness).

Appears in 1 contract

Samples: Underwriting Agreement (Sports Properties Acquisition Corp.)

Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on the Closing Date into the Trust Account in an amount equal to (i) 3.72% [two and one-half] percent ([2.5]%) of the gross proceeds from the sale of Units, minus (ii) $0.2976 for each share amounts paid to public stockholders that convert their shares of Common Stock converted to for cash.

Appears in 1 contract

Samples: Underwriting Agreement (Union Street Acquisition Corp.)

Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on the Closing Date into the Trust Account in an amount equal to (i) 3.72% [two] percent ([2.0]%) of the gross proceeds from the sale of Units, minus (ii) $0.2976 for each share amounts paid to public stockholders that convert their shares of Common Stock converted to for cash.

Appears in 1 contract

Samples: Underwriting Agreement (Union Street Acquisition Corp.)

Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on the Closing Date into the Trust Account in an amount equal to (i) 3.72% three and eight-tenths percent (3.8%) of the gross proceeds from the sale of Units, minus (ii) $0.2976 0.38 for each share of Common Stock converted to cashcash (as described in the preliminary prospectus included in the Registration Statement at the time of effectiveness).

Appears in 1 contract

Samples: Underwriting Agreement (iStar Acquisition Corp.)

Fee on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on at the Closing Date Time into the Trust Account in an amount equal to (i) 3.72% three percent (3%) of the gross proceeds from the sale of UnitsSecurities, minus (ii) $0.2976 for each share amounts paid to public stockholders that convert their shares of Common Stock converted to for cash.

Appears in 1 contract

Samples: Purchase Agreement (Catalytic Capital Investment Corp)

Fee on Business Combination. Upon the consummation of a the Company’s initial Business Combination, the Company agrees that it will pay to the Underwriters out of funds in the Trust Account delivered to the Company the deferred underwriting discount and commission deposited on the Closing Date into the Trust Account in an amount equal to (i) 3.724.3125% of the gross proceeds from the sale of Units, minus (ii) $0.2976 0.43125 for each share of Common Stock converted to cashcash (as described in the Prospectus included in the Registration Statement at the time of effectiveness).

Appears in 1 contract

Samples: Underwriting Agreement (Sports Properties Acquisition Corp.)

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