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

Purchase and Issuance of the Units. 1.1.1. Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the initial Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). On the initial Closing Date, or within a reasonable time after the initial Closing Date, but in no event later than thirty (30) days after the initial Closing Date, the Company shall deliver to the Subscriber the certificates representing the Securities purchased. 1.1.2. Subscriber hereby agrees to purchase up to an additional 26,250 Additional Units at $10.00 per Additional Unit for a purchase price of up to $262,500. 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 any portion of the Over-Allotment Option.

Appears in 2 contracts

Samples: Unit Purchase Agreement (I-Am CAPITAL ACQUISITION Co), Unit Purchase Agreement (I-Am CAPITAL ACQUISITION Co)

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Purchase and Issuance of the Units. 1.1.1. Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the initial Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). On the initial Closing Date, or within a reasonable time after the initial Closing Date, but in no event later than thirty (30) days after the initial Closing Date, the Company shall deliver to the Subscriber the certificates representing the Securities purchased. 1.1.2. Subscriber hereby agrees to purchase up to an additional 26,250 37,500 Additional Units at $10.00 per Additional Unit for a purchase price of up to $262,500375,000. 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 any portion of the Over-Allotment Option.

Appears in 2 contracts

Samples: Unit Subscription Agreement (KBL Merger Corp. Iv), Unit Subscription Agreement (KBL Merger Corp. Iv)

Purchase and Issuance of the Units. 1.1.1. Upon the terms and subject to the conditions of this Agreement, the Subscriber Subscribers hereby agrees agree to purchase from the Company, and the Company hereby agrees to sell to the SubscriberSubscribers, on the initial Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). ) in accordance with Schedule A. On the initial Closing Date, or within a reasonable time after the initial Closing Date, but in no event later than thirty (30) days after the initial Closing Date, the Company shall deliver to the Subscriber Subscribers the certificates representing the Securities purchased. 1.1.2. Subscriber Subscribers hereby agrees agree to purchase up to an additional 26,250 15,000 Additional Units at $10.00 per Additional Unit for a purchase price of up to $262,500. 150,000 in accordance with Schedule A. 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 any portion of the Over-Allotment Option.

Appears in 2 contracts

Samples: Unit Subscription Agreement (KBL Merger Corp. Iv), Unit Subscription Agreement (KBL Merger Corp. Iv)

Purchase and Issuance of the Units. 1.1.1. Upon the terms and subject to the conditions of this Agreement, the Subscriber Subscribers hereby agrees agree to purchase from the Company, and the Company hereby agrees to sell to the SubscriberSubscribers, on the initial Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). ) in accordance with Schedule A. On the initial Closing Date, or within a reasonable time after the initial Closing Date, but in no event later than thirty (30) days after the initial Closing Date, the Company shall deliver to the Subscriber Subscribers the certificates representing the Securities purchased. 1.1.2. Subscriber Subscribers hereby agrees agree to purchase up to an additional 26,250 25,000 Additional Units at $10.00 per Additional Unit for a purchase price of up to $262,500. 250,000 in accordance with Schedule A. 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 any portion of the Over-Allotment Option.

Appears in 1 contract

Samples: Unit Subscription Agreement (KBL Merger Corp. Iv)

Purchase and Issuance of the Units. 1.1.1. Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the initial Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). On the initial Closing Date, or within a reasonable time after the initial Closing Date, but in no event later than thirty (30) days after the initial Closing Date, the Company shall deliver to the Subscriber the certificates representing the Securities purchased. 1.1.2. Subscriber hereby agrees to purchase up to an additional 26,250 27,500 Additional Units at $10.00 per Additional Unit for a purchase price of up to $262,500275,000. 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 any portion of the Over-Allotment Option.

Appears in 1 contract

Samples: Unit Subscription Agreement (KBL Merger Corp. Iv)

Purchase and Issuance of the Units. 1.1.1. (a) Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the initial Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). On the initial Closing Date, or within a reasonable time after the initial Closing Date, but in no event later than thirty (30) days after the initial Closing Date, the Company shall deliver to the Subscriber the certificates representing the Securities purchased. 1.1.2. (b) Subscriber hereby agrees to purchase up to an additional 26,250 67,500 Additional Units at $10.00 per Additional Unit for a purchase price of up to $262,500675,000. 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 any portion of the Over-Allotment Option.

Appears in 1 contract

Samples: Unit Subscription Agreement (Forum Merger Corp)

Purchase and Issuance of the Units. 1.1.1. (a) Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the initial Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). On the initial Closing Date, or within a reasonable time after the initial Closing Date, but in no event later than thirty (30) days after the initial Closing Date, the Company shall deliver to the Subscriber the certificates representing the Securities purchased. 1.1.2. (b) Subscriber hereby agrees to purchase up to an additional 26,250 56,250 Additional Units at $10.00 per Additional Unit for a purchase price of up to $262,500562,500. 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 any portion of the Over-Allotment Option.

Appears in 1 contract

Samples: Unit Subscription Agreement (Forum Merger Corp)

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Purchase and Issuance of the Units. 1.1.1. Upon the terms and subject to the conditions of this Agreement, the Subscriber Subscribers hereby agrees agree to purchase from the Company, and the Company hereby agrees to sell to the SubscriberSubscribers, on the initial Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). ) in accordance with Schedule A. On the initial Closing Date, or within a reasonable time after the initial Closing Date, but in no event later than thirty (30) days after the initial Closing Date, the Company shall deliver to the Subscriber Subscribers the certificates representing the Securities purchased. 1.1.2. Subscriber Subscribers hereby agrees agree to purchase up to an additional 26,250 15,000 Additional Units at $10.00 per Additional Unit for a purchase price of up to $262,500150,000. 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 any portion of the Over-Allotment Option.

Appears in 1 contract

Samples: Unit Subscription Agreement (KBL Merger Corp. Iv)

Purchase and Issuance of the Units. 1.1.1. (a) Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the initial Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). On the initial Closing Date, or within a reasonable time after the initial Closing Date, but in no event later than thirty (30) days after the initial Closing Date, the Company shall deliver to the Subscriber the certificates representing the Securities purchased. 1.1.2. (b) Subscriber hereby agrees to purchase up to an additional 26,250 18,000 Additional Units at $10.00 per Additional Unit for a purchase price of up to $262,500180,000. 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 any portion of the Over-Allotment Option.

Appears in 1 contract

Samples: Unit Subscription Agreement (Draper Oakwood Technology Acquisition Inc.)

Purchase and Issuance of the Units. 1.1.1. (a) Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the initial Closing Date (as defined below) the Initial Units in consideration of the payment of the Initial Purchase Price (as defined below). On the initial Closing Date, or within a reasonable time after the initial Closing Date, but in no event later than thirty (30) days after the initial Closing Date, the Company shall deliver to the Subscriber the certificates representing the Securities purchased. 1.1.2. (b) Subscriber hereby agrees to purchase up to an additional 26,250 4,500 Additional Units at $10.00 per Additional Unit for a purchase price of up to $262,50045,000. 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 any portion of the Over-Allotment Option.

Appears in 1 contract

Samples: Unit Subscription Agreement (Draper Oakwood Technology Acquisition Inc.)

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