Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Underwriters, in accordance with Section 1.3.
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3. Notwithstanding anything to the contrary herein, up to 50% of the Deferred Underwriting Commission (or $2,100,000 or $2,415,000 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company’s management to the Underwriters in allocations determined by the Company’s management and/or to third parties not participating as Underwriters in this Offering that assist the Company in consummating its initial Business Combination.
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will cause CST to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.2.3 hereof.
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.5. Northland Securities, Inc.______, 2021Page 28 of 45
Payment of Deferred Underwriting Commission on Business Combination. Upon the occurrence of the Specified Event, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Underwriters for their own accounts, in accordance with Section 1.3; provided that the Representatives have complied with the provision set forth in Section 3.28. The Underwriters shall have no claim to (a) any funds in the Trust Account reserved by the Company and the Trustee for honoring redemption rights of the Public Shareholders or (b) payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Underwriting Commission.
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Representative Shares to be issued and cause the Representative Shares to be added to the Registration Rights Agreement, each in accordance with Section 1.3.”
3. Section 2.38 of the Underwriting Agreement is hereby deleted in its entirety and replaced with the following:
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to SVB Leerink LLC, in accordance with this Agreement.
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3 hereof. The Representative shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Underwriting Commission; provided, however, that up to $0.15 of the $0.35 per unit (of both Firm Units and Option Units) is payable, at the option of the Company, through the issuance of a convertible promissory note payable six months after the consummation of a business combination, on such further terms as may be agreed to by the Company and the Representative.
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3. Notwithstanding anything to the contrary herein, up to 30% of the Deferred Underwriting Commission ($2,100,000, or $2,415,000 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company to third parties not participating in this offering (but who are members of FINRA) that assist the Company in consummating the initial business combination..
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3. The Representative shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Underwriting Commission. Notwithstanding anything to the contrary herein, up to 30% of the Deferred Underwriting Commission ($2,310,000 or $2,656,500 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company to third parties not participating in this offering (but who are members of FINRA) that assist the Company in consummating the initial business combination..
