Common use of Forfeiture of Units Clause in Contracts

Forfeiture of Units. If the underwriters (the “Underwriters”) for the Company’s initial public offering (the “IPO”) do not exercise in full their over-allotment option to be granted by the Company pursuant to an underwriting agreement by and among the Underwriters and the Company, then Purchaser shall forfeit a number of Units equal to 3,000 multiplied by the percentage of the Underwriters’ over-allotment option that remains unexercised as of the expiration date thereof.

Appears in 4 contracts

Samples: Initial Unit Subscription Agreement (JWL Partners Acquisition Corp.), Initial Unit Subscription Agreement (JWL Partners Acquisition Corp.), Initial Unit Subscription Agreement (JWL Partners Acquisition Corp.)

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Forfeiture of Units. If the underwriters (the “Underwriters”) for the Company’s initial public offering (the “IPO”) do not exercise in full their over-allotment option to be granted by the Company pursuant to an underwriting agreement by and among the Underwriters and the Company, then Purchaser shall forfeit a number of Units equal to 3,000 92,250 multiplied by the percentage of the Underwriters’ over-allotment option that remains unexercised as of the expiration date thereof.

Appears in 2 contracts

Samples: Initial Unit Subscription Agreement (JWL Partners Acquisition Corp.), Initial Unit Subscription Agreement (JWL Partners Acquisition Corp.)

Forfeiture of Units. If the underwriters (the “Underwriters”) for the Company’s initial public offering (the “IPO”) do not exercise in full their over-allotment option to be granted by the Company pursuant to an underwriting agreement by and among the Underwriters and the Company, then Purchaser shall forfeit a number of Units equal to 3,000 36,900 multiplied by the percentage of the Underwriters’ over-allotment option that remains unexercised as of the expiration date thereof.

Appears in 1 contract

Samples: Initial Unit Subscription Agreement (JWL Partners Acquisition Corp.)

Forfeiture of Units. If the underwriters (the “Underwriters”) for the Company’s initial public offering (the “IPO”) do not exercise in full their over-allotment option to be granted by the Company pursuant to an underwriting agreement by and among the Underwriters and the Company, then Purchaser shall forfeit a number of Units equal to 3,000 295,200 multiplied by the percentage of the Underwriters’ over-allotment option that remains unexercised as of the expiration date thereof.

Appears in 1 contract

Samples: Initial Unit Subscription Agreement (JWL Partners Acquisition Corp.)

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Forfeiture of Units. If the underwriters (the “Underwriters”) for the Company’s initial public offering (the “IPO”) do not exercise in full their over-allotment option to be granted by the Company pursuant to an underwriting agreement by and among the Underwriters and the Company, then Purchaser shall forfeit a number of Units equal to 3,000 221,400 multiplied by the percentage of the Underwriters’ over-allotment option that remains unexercised as of the expiration date thereof.

Appears in 1 contract

Samples: Initial Unit Subscription Agreement (JWL Partners Acquisition Corp.)

Forfeiture of Units. If the underwriters (the “Underwriters”) for the Company’s initial public offering (the “IPO”) do not exercise in full their over-allotment option to be granted by the Company pursuant to an underwriting agreement by and among the Underwriters and the Company, then Purchaser shall forfeit a number of Units equal to 3,000 562,500 multiplied by the percentage of the Underwriters’ over-allotment option that remains unexercised as of the expiration date thereof.

Appears in 1 contract

Samples: Initial Unit Subscription Agreement (Opportunity Acquisition Corp.)

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