Common use of Payment of Deferred Discount Clause in Contracts

Payment of Deferred Discount. Upon the consummation of the initial Business Combination, the Company will direct the trustee to pay the Representatives, on behalf of the Underwriters, the Deferred Discount out of the proceeds of this offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within twenty-four (24) months from the closing of this offering (as the same may be extended), the Deferred Discount will not be paid to the Representatives and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public Stockholders. In connection with any such Liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.

Payment of Deferred Discount. Upon the consummation of the initial Business Combination, the Company will direct the trustee to pay the RepresentativesRepresentative, on behalf of the Underwriters, the Deferred Discount out of the proceeds of this offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within twenty-four (24) months from the closing of this offering (as the same may be extended), the Deferred Discount will not be paid to the Representatives Representative and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public StockholdersShareholders. In connection with any such Liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.

Payment of Deferred Discount. Upon the consummation of the initial Business Combination, the Company will direct the trustee to pay the RepresentativesRepresentative, on behalf of the Underwriters, the Deferred Discount out of the proceeds of this offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within twenty-four eighteen (2418) months from the closing of this offering (as the same may be extended), the Deferred Discount will not be paid to the Representatives Representative and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public StockholdersShareholders. In connection with any such Liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.

Payment of Deferred Discount. Upon the consummation of the initial Business Combination, the Company will direct the trustee to pay the Representatives, on behalf of the Underwriters, the Deferred Discount out of the proceeds of this offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within twenty-four eighteen (2418) months from the closing of this offering (as the same may be extendedextended up to twenty-one (21) months from the closing of this offering), the Deferred Discount will not be paid to the Representatives and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public Stockholders. In connection with any such Liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.

Payment of Deferred Discount. Upon the consummation of the initial Business Combination, the Company will direct the trustee to pay the Representatives, on behalf of the Underwriters, the Deferred Discount out of the proceeds of this offering the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within twenty-four (24) months from the closing of this offering the Offering (as the same may be extended), the Deferred Discount will not be paid to the Representatives and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public Stockholders. In connection with any such Liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.