Common use of Payment and Delivery of Option Units Clause in Contracts

Payment and Delivery of Option Units. Payment for the Option Units shall be made on the Option Closing Date by wire transfer in immediately available funds, by deposit of the sum of $9.37 per Option Unit in the Trust Account pursuant to the Trust Agreement upon delivery to the Representative of certificates (in form and substance satisfactory to the Representative) representing the Option Units (or through the facilities of DTC) for the account of the Underwriters. In addition, $0.50 of the underwriting discount per Option Unit shall be deposited into the Trust Account. The certificates representing the Option Units to be delivered will be in such denominations and registered in such names as the Representative requests not less than two (2) Business Days prior to the Closing Date or the Option Closing Date, as the case may be, and will be made available to the Representative for inspection, checking and packaging in the City of New York not later than 10:00 a.m., New York City local time, one full Business Day prior to the Closing Date or the Option Closing Date, as the case may be.

Payment and Delivery of Option Units. Payment for the Option Units shall be made on the Option Closing Date by wire transfer in immediately available funds, by deposit of the sum of $9.37 9.30 per Option Unit in the Trust Account pursuant to the Trust Agreement upon delivery to the Representative of certificates (in form and substance satisfactory to the Representative) representing the Option Units (or through the facilities of DTC) for the account of the Underwriters. In addition, $0.50 of the underwriting discount per Option Unit shall be deposited into the Trust Account. The certificates representing the Option Units to be delivered will be in such denominations and registered in such names as the Representative requests not less than two (2) Business Days prior to the Closing Date or the Option Closing Date, as the case may be, and will be made available to the Representative for inspection, checking and packaging in the City of New York not later than 10:00 a.m., New York City local time, one full Business Day prior to the Closing Date or the Option Closing Date, as the case may be.