Forward Purchase Securities. (i) The Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, (1) the number of Forward Purchase Shares that is the quotient of (x) the amount of capital committed to the Purchaser and allocated to this Agreement as notified by the Purchaser to the Company as promptly as practicable after the date hereof and no later than five (5) Business Days prior to such time as any definitive agreement with respect to a Business Combination is executed by the Company (the “Allocation Notice”), which amount shall be no more than $150,000,000 and no less than $50,000,000, in the Purchaser’s sole discretion, and (y) $10.00 (the “Number of Forward Purchase Shares”), plus (2) the number of Forward Purchase Warrants which is the product of (x) the number of Forward Purchase Shares as determined by clause (1) and (y) 1/3 (the “
Appears in 3 contracts
Samples: Forward Purchase Agreement (Pontem Corp), Forward Purchase Agreement (Pontem Corp), Forward Purchase Agreement (Pontem Corp)
Forward Purchase Securities. (i) The Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, (1) the number of Forward Purchase Shares that is the quotient of (x) the amount of capital committed to the Purchaser and allocated to this Agreement as notified by the Purchaser to the Company as promptly as practicable after the date hereof and no later than five (5) Business Days prior to such time as any definitive agreement with respect to a Business Combination is executed by the Company (the “Allocation Notice”), which amount shall be no more than $150,000,000 and no less than $50,000,000, 20,000,000 in the Purchaser’s sole discretion, and (y) $10.00 (the “Number of Forward Purchase Shares”), plus (2) the number of Forward Purchase Warrants which is the product of (x) the number of Forward Purchase Shares as determined by clause (1) and (y) 1/3 1/5 (the “
Appears in 3 contracts
Samples: Forward Purchase Agreement (Orion Biotech Opportunities Corp.), Forward Purchase Agreement (Orion Biotech Opportunities Corp.), Forward Purchase Agreement (Orion Biotech Opportunities Corp.)
Forward Purchase Securities. (i) The Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, (1) the number of Forward Purchase Shares that is the quotient of (x) the amount of capital committed to the Purchaser and allocated to this Agreement as notified by the Purchaser to the Company as promptly as practicable after the date hereof and no later than five (5) Business Days prior to such time as any definitive agreement with respect to a Business Combination is executed by the Company (the “Allocation Notice”), which amount shall be no more than $150,000,000 and no less than $50,000,000, 50,000,000 in the Purchaser’s sole discretion, and (y) $10.00 (the “Number of Forward Purchase Shares”), plus (2) the number of Forward Purchase Warrants which is the product of (x) the number of Forward Purchase Shares as determined by clause (1) and (y) 1/3 1/4 (the “
Appears in 2 contracts
Samples: Forward Purchase Agreement (Lead Edge Growth Opportunities, LTD), Forward Purchase Agreement (Lead Edge Growth Opportunities, LTD)
Forward Purchase Securities. (i) The Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, (1) the number of Forward Purchase Shares that is the quotient of (x) the amount of capital committed to the Purchaser and allocated to this Agreement as notified by the Purchaser to the Company as promptly as practicable after the date hereof and no later than five (5) Business Days prior to such time as any definitive agreement with respect to a Business Combination is executed by the Company (the “Allocation Notice”), which amount shall be no more than $150,000,000 and no less than $50,000,000, 50,000,000 in the Purchaser’s sole discretion, and (y) $10.00 (the “Number of Forward Purchase Shares”), plus (2) the number of Forward Purchase Warrants which is the product of (x) the number of Forward Purchase Shares as determined by clause (1) and (y) 1/3 1/5 (the “
Appears in 2 contracts
Samples: Forward Purchase Agreement (MSD Acquisition Corp. / New), Forward Purchase Agreement (MSD Acquisition Corp. / New)