Common use of Purchase and Issuance of the Private Units Clause in Contracts

Purchase and Issuance of the Private Units. (a) Upon the terms and subject to the conditions of this Agreement, the Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Purchaser, on the Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). On the Closing Date, the Company shall, at its option, deliver to the Purchaser the certificates representing the Initial Units purchased or effect such delivery in book-entry form. (b) Purchaser hereby agrees to purchase up to an additional 49,500 Additional Units at $10.00 per Additional Unit for a purchase price of up to $495,000 (the “Additional Purchase Price” and together with the Initial Purchase Price, the “Purchase Price”). The purchase and issuance of the Additional Units shall occur only in the event that the Over-Allotment Option is exercised in full or in part. The total number of Additional Units to be purchased hereunder shall be in the same proportion as the proportion of the Over-Allotment Option that is exercised. Each purchase of Additional Units shall occur simultaneously with the consummation of the applicable portion of the Over-Allotment Option. On the Closing Date of the exercise of the Over-Allotment Option, if any, the Company shall, at its option, deliver to the Purchaser the certificates representing the Additional Units purchased or effect such delivery in book-entry form. {N0382191 2 }

Appears in 2 contracts

Samples: Private Placement Unit Subscription Agreement (Zi Toprun Acquisition Corp.), Private Placement Unit Subscription Agreement (Zi Toprun Acquisition Corp.)

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Purchase and Issuance of the Private Units. For the aggregate sum of $5,000,000 (a) Upon the “Initial Purchase Price”), upon the terms and subject to the conditions of this Agreement, the Purchaser Purchasers hereby agrees agree to purchase from the Company, and the Company hereby agrees to sell to the PurchaserPurchasers, on the Closing Date (as defined belowin Section 1.2) 500,000 Initial Private Units at $10.00 per Initial Private Unit, with the Sponsor agreeing to purchase 450,000 of such Initial Private Units in consideration and EarlyBirdCapital (and/or its designees) agreeing to purchase 50,000 of such Initial Private Units. In addition to the payment of the Initial Purchase Price (as defined below). On the Closing Dateforegoing, the Company shall, at its option, deliver to the Purchaser the certificates representing the Initial Units purchased or effect such delivery in book-entry form. (b) Purchaser Purchasers hereby agrees agree to purchase up to an additional 49,500 45,000 Additional Private Units at $10.00 per Additional Private Unit for a purchase price of up to $495,000 450,000 (the “Additional Purchase Price” and together with the Initial Purchase Price, the “Purchase Price”), with the Sponsor agreeing to purchase up to 40,500 of such Additional Private Units and EarlyBirdCapital (and/or its designees) agreeing to purchase up to 4,500 of such Additional Private Units. The purchase and issuance of the Additional Private Units shall occur only in the event that the Over-Allotment Option is exercised in full or in part. The total number of Additional Private Units to be purchased hereunder shall be in the same proportion as the proportion amount of the Over-Allotment Option that is exercised. Each purchase of Additional Private Units shall occur simultaneously with the consummation of the applicable any portion of the Over-Allotment Option. On the Closing Date of the exercise of the Over-Allotment Option, if any, the Company shall, at its option, deliver to the Purchaser the certificates representing the Additional Units purchased or effect such delivery in book-entry form. {N0382191 2 }.

Appears in 1 contract

Samples: Private Placement Unit Subscription Agreement (Keyarch Acquisition Corp)

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Purchase and Issuance of the Private Units. (a) Upon the terms and subject to the conditions of this Agreement, the Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Purchaser, on the Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). On the Closing Date, the Company shall, at its option, deliver to the Purchaser the certificates representing the Initial Units purchased or effect such delivery in book-entry form. (b) Purchaser hereby agrees to purchase up to an additional 49,500 61,875 Additional Units at $10.00 per Additional Unit for a purchase price of up to $495,000 618,750 (the “Additional Purchase Price” and together with the Initial Purchase Price, the “Purchase Price”). The purchase and issuance of the Additional Units shall occur only in the event that the Over-Allotment Option is exercised in full or in part. The total number of Additional Units to be purchased hereunder shall be in the same proportion as the proportion of the Over-Allotment Option that is exercised. Each purchase of Additional Units shall occur simultaneously with the consummation of the applicable portion of the Over-Allotment Option. On the Closing Date of the exercise of the Over-Allotment Option, if any, the Company shall, at its option, deliver to the Purchaser the certificates representing the Additional Units purchased or effect such delivery in book-entry form. {N0382191 2 }.

Appears in 1 contract

Samples: Private Placement Unit Subscription Agreement (Zi Toprun Acquisition Corp.)

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