Common use of Funding of Private Placement Warrants Clause in Contracts

Funding of Private Placement Warrants. At least one business day prior to the Closing Date or the Additional Closing Date, as applicable, the proceeds from the sale of the Private Placement Warrants shall have been delivered to Xxxxxxxx & Xxxxx LLP, counsel for the Company, to hold in a non-interest bearing account. On the Closing Date or the Additional Closing Date, as applicable, the Company shall have caused Xxxxxxxx & Xxxxx LLP to deposit the required proceeds into the Trust Account such that the cumulative amount deposited into the Trust Account as of such Closing Date or Additional Closing Date shall equal the product of the number of Units sold in the public offering as of such Closing Date or Additional Closing Date and the public offering price per Unit as set forth on the cover of the Prospectus.

Appears in 2 contracts

Samples: Underwriting Agreement (Accelerate Acquisition Corp.), Underwriting Agreement (Accelerate Acquisition Corp.)

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Funding of Private Placement Warrants. At least one business day prior to the Closing Date or the Additional Closing Date, as applicable, the proceeds from the sale of the Private Placement Warrants shall have been delivered to Xxxxxxxx & Xxxxx LLPXxxxxx, counsel for the Company, to hold in a non-interest bearing account. On the Closing Date or the Additional Closing Date, as applicable, the Company shall have caused Xxxxxxxx & Xxxxx LLP Xxxxxx to deposit the required proceeds into the Trust Account such that the cumulative amount deposited into the Trust Account as of such Closing Date or Additional Closing Date shall equal the product of the number of Units sold in the public offering as of such Closing Date or Additional Closing Date and the public offering price per Unit as set forth on the cover of the Prospectus.

Appears in 2 contracts

Samples: Underwriting Agreement (BowX Acquisition Corp.), Underwriting Agreement (BowX Acquisition Corp.)

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Funding of Private Placement Warrants. At least one business day prior to the Closing Date or the Additional Closing Date, as applicable, the proceeds from the sale of the Private Placement Warrants shall have been delivered to Xxxxxxxx & Xxxxx Xxxxxxxxx Traurig, LLP, counsel for the Company, to hold in a non-interest bearing account. On the Closing Date or the Additional Closing Date, as applicable, the Company shall have caused Xxxxxxxx & Xxxxx Xxxxxxxxx Xxxxxxx, LLP to deposit the required proceeds into the Trust Account such that the cumulative amount deposited into the Trust Account as of such Closing Date or Additional Closing Date shall equal the product of the number of Units sold in the public offering as of such Closing Date or Additional Closing Date and the public offering price per Unit as set forth on the cover of the Prospectus.

Appears in 2 contracts

Samples: Golden Falcon Acquisition Corp., Golden Falcon Acquisition Corp.

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