Private Unit Funds Sample Clauses

Private Unit Funds. No later than the Initial Closing Date, to cause the Private Unit Subscribers to wire to the Trust Account the purchase price for the Private Units to be purchased by them on the Initial Closing Date, and to direct the trustee to hold such funds in escrow therein, such that upon payment for the Public Units pursuant to this Agreement, the amount of cash in the Trust Account (without giving effect to any income earned thereon) will equal $10.00 per Public Unit outstanding as of the Initial Closing Date. No later than the Option Closing Date, to cause the Private Unit Subscribers to wire to the Trust Account the purchase price for the Private Units to be purchased by them on such Option Closing Date, and to direct the trustee under the Trust Agreement to hold such funds in escrow therein.
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Private Unit Funds. At least one (1) business day prior to the effective date, to cause the Private Unit Subscribers other than the Underwriters to wire to the Company the purchase price for the Private Units to be purchased by them on the Initial Closing Date, and to direct the trustee under the Trust Agreement to deposit all funds received from the purchase of Private Units on the Initial Closing Date into the Trust Account and to hold such funds in escrow therein, such that upon payment for the Public Units pursuant to this Agreement, the amount of cash in the Trust Account (without giving effect to any income earned thereon) will equal $10.00 per Public Unit outstanding as of the Initial Closing Date. At least one (1) business day prior to any Option Closing Date, to cause the Private Unit Subscribers other than the Underwriters to wire to the Company the purchase price for the Private Units to be purchased by them on such Option Closing Date, and to direct the trustee under the Trust Agreement to deposit all funds received from the purchase of Private Units on such Option Closing Date into the Trust Account and to hold such funds in escrow therein.
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Private Unit Funds. No later than the Initial Closing Date, to cause the Sponsor to wire to the Trust Account and/or the Company’s operating account, as directed by the Company, the purchase price for the Private Units to be purchased by them on the Initial Closing Date, and to direct the trustee to hold such funds in escrow therein, such that upon payment for the Public Units pursuant to this Agreement, the amount of cash in the Trust Account (without giving effect to any income earned thereon) will equal $10.00 per Public Unit outstanding as of the Initial Closing Date.
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Private Unit Funds. No later than the Initial Closing Date, to cause the Private Unit Subscribers to wire to the Trust Account a sufficient portion of the purchase price for the Private Units to be purchased by them on the Initial Closing Date that, upon payment for the Public Units pursuant to this Agreement, the amount of cash in the Trust Account (without giving effect to any income earned thereon) will equal $10.05 per Public Unit outstanding as of the Initial Closing Date, and to direct the trustee to hold such funds in escrow therein. No later than the Option Closing Date, to cause the Private Unit Subscribers to wire to the Trust Account a sufficient portion of the purchase price for the Private Units to be purchased by them on the Option Closing Date that, upon payment for the Public Units pursuant to this Agreement, the amount of cash in the Trust Account (without giving effect to any income earned thereon) will equal $10.05 per Public Unit outstanding as of the Option Closing Date.
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Related to Private Unit Funds

  • Private Units On the Closing Date and the Option Closing Date, as applicable, the Private Units have been purchased as provided for in the Subscription Agreements and the purchase price for such securities shall be deposited into the Trust Account.