Placement Unit Purchase Agreement Sample Clauses

Placement Unit Purchase Agreement. Certain of the Company's officers and directors and their designees have executed and delivered an agreement, annexed as an exhibit to the Registration Statement (the "PLACEMENT UNIT PURCHASE AGREEMENT"), pursuant to which such persons, among other things, have purchased an aggregate of 150,000 Placement Units in the Private Placement. Pursuant to the Placement Unit Purchase Agreement, (i) $900,000 of the proceeds from the sale of the Placement Units will be deposited by the Company in the Trust Fund in accordance with the terms of the Trust Agreement prior to the Closing, and (ii) the purchasers of the Placement Units have waived any and all rights and claims that they may have to any proceeds, and any interest thereon, held in the Trust in respect of the shares of Common Stock included in such Placement Units in the event that a Business Combination is not consummated and the Trust Fund is liquidated in accordance with the terms of the Trust Agreement.
Sample 1Sample 2See All (9)
AutoNDA by SimpleDocs
Placement Unit Purchase Agreement. The Company shall not take any action or omit to take any action that would cause a breach of the Placement Unit Purchase Agreement executed by and among each Initial Stockholder, TEP and the Company and will not allow any amendments to, or waivers of any provisions of, such Placement Unit Purchase Agreement without the prior written consent of TEP.
Sample 1Sample 2See All (4)
Placement Unit Purchase Agreement. The Initial Stockholder has executed and delivered an agreement, annexed as Exhibit ___to the Registration Statement (“Placement Unit Purchase Agreement”), pursuant to which the Initial Stockholder has, among other things, purchased an aggregate of ___Placement Units in the Private Placement. Pursuant to the Placement Unit Purchase Agreement, (i) $___of the proceeds from the sale of the Placement Units will be deposited by the Company in the Trust Fund in accordance with the terms of the Trust Agreement prior to the Closing Date, and (ii) the purchasers of the Placement Units have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Fund in respect of the shares of Common Stock included in such Placement Units in the event that a Business Combination is not consummated and the Trust Fund is liquidated in accordance with the terms of the Trust Agreement.
Sample 1See All (4)
Placement Unit Purchase Agreement. The Sponsor has executed and delivered a Placement Unit Purchase Agreement, the form of which is filed as an exhibit to the Registration Statement (the “Placement Unit Purchase Agreement”), pursuant to which the Sponsor will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Placement Units as provided for in such Placement Unit Purchase Agreement. Pursuant to the Placement Unit Purchase Agreement, (i) the Sponsor has waived any and all rights and claims each may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Securities, and (ii) the proceeds from the sale of the Placement Units will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date as provided for in the Placement Unit Purchase Agreement.
Sample 1
Placement Unit Purchase Agreement. Xx. Xxxxxx Xxxxxxxx, the Company’s Chief Operating Officer and President, or his deignees, have each executed and delivered a subscription agreement, annexed as an exhibit to the Registration Statement (the “Subscription Agreement”), pursuant to which such parties have, among other things, purchased an aggregate of 825,398 Placement Units in the Private Placement. Pursuant to the Subscription Agreement the purchasers of the Placement Units have waived any and all rights and claims that they may have to any proceeds, and any interest thereon, held in the Trust in respect of the shares of Common Stock included in such Placement Units in the event that a Business Combination is not consummated and the Trust Fund is liquidated in accordance with the terms of the Trust Agreement.
Sample 1

Related to Placement Unit Purchase Agreement

  • Share Purchase Agreement 33- --------------------------------------------------------------------------------

  • Stock Purchase Agreement (a) Purchaser understands and agrees that the conversion of the Note into equity securities of the Company may require such Purchaser’s execution of certain agreements (in form reasonably agreeable to a majority in interest of the Purchasers) relating to the purchase and sale of such securities as well as registration, information and voting rights, if any, relating to such equity securities.

  • The Purchase Agreement This Agreement has been duly authorized, executed and delivered by the Company and the Guarantors.

  • Founder’s Purchase Agreement The Founder’s Purchase Agreement has been duly authorized, executed and delivered by the Company and the Sponsor, and is a valid and binding agreement of the Company and the Sponsor, enforceable against the Company and the Sponsor in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.

  • Asset Purchase Agreement The transactions contemplated by the Asset Purchase Agreement shall have been consummated.

  • Securities Purchase Agreement This Agreement and the transactions contemplated hereby have been duly and validly authorized by the Company, this Agreement has been duly executed and delivered by the Company and this Agreement, when executed and delivered by the Company, will be, a valid and binding agreement of the Company enforceable in accordance with its terms, subject as to enforceability to general principles of equity and to bankruptcy, insolvency, moratorium, and other similar laws affecting the enforcement of creditors’ rights generally.

  • Purchase Agreement See the introductory paragraphs hereof.

  • Note Purchase Agreement The conditions precedent to the obligations of the Applicable Pass Through Trustees and the other requirements relating to the Aircraft and the Equipment Notes set forth in the Note Purchase Agreement shall have been satisfied.

  • Authorization Purchase and Sale Terms of the Private Placement Warrants A. Authorization of the Private Placement Warrants. The Company has duly authorized the issuance and sale of the Private Placement Warrants to the Purchaser.

  • Receivables Purchase Agreement The Transferor, in its capacity as purchaser of Receivables from the RPA Seller under the Receivables Purchase Agreement, shall enforce the covenants and agreements of the RPA Seller as set forth in the Receivables Purchase Agreement, including its agreement to designate Additional Accounts as and when required in order for the Transferor to fulfill its undertakings in Section 2.06. The Transferor shall not amend, waive or otherwise modify the Receivables Purchase Agreement except in accordance with its terms.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!