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

Purchase and Issuance of the Units. (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, simultaneously with the closing of the IPO on or before [ ], 2023 (the “Initial Closing Date”), 1,040,000 Units for a purchase price of $10,400,000 (the “Purchase Price”). (b) Simultaneously with the consummation of the closing of the underwriters’ over-allotment option in connection with the IPO (the “Over-Allotment Option”) or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (each such date, an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing Date being sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, an aggregate of up to 120,000 Units at a price of $10.00 per Unit for an aggregate purchase price of up to $1,200,000 (if the Over- Allotment Option is exercised in full) (the “Over-allotment Purchase Price”) such that the gross proceeds of such purchase will be no less than the amount of underwriting commissions due in connection with the Over-Allotment Option. Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date.

Appears in 2 contracts

Samples: Private Placement Units Subscription Agreement (Blue Room Acquisition Corp.), Private Placement Units Subscription Agreement (Blue Room Acquisition Corp.)

AutoNDA by SimpleDocs

Purchase and Issuance of the Units. (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, simultaneously with the closing of the IPO on or before [ ]June 30, 2023 2021 (the “Initial Closing Date”), 1,040,000 600,000 Units for a purchase price of $10,400,000 6,000,000 (the “Purchase Price”). (b) Simultaneously with the consummation of the closing of the underwriters’ over-allotment option in connection with the IPO (the “Over-Allotment Option”) or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (each such date, an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing Date being sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, an aggregate of up to 120,000 60,000 Units at a price of $10.00 per Unit for an aggregate purchase price of up to $1,200,000 600,000 (if the Over- Over-Allotment Option is exercised in full) (the “Over-allotment Purchase Price”) such that the gross proceeds of such purchase will be no less than the amount of underwriting commissions due in connection with the Over-Allotment Option). Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Sports Ventures Acquisition Corp.), Unit Subscription Agreement (Sports Ventures Acquisition Corp.)

Purchase and Issuance of the Units. (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, simultaneously with the closing of the IPO on or before [ ]August 15, 2023 2022 (the “Initial Closing Date”), 1,040,000 310,000 Units for a purchase price of $10,400,000 3,100,000 (the “Purchase Price”). (b) Simultaneously with the consummation of the closing of the underwriters’ over-allotment option in connection with the IPO (the “Over-Allotment Option”) or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (each such date, an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing Date being sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, an aggregate of up to 120,000 31,500 Units at a price of $10.00 per Unit for an aggregate purchase price of up to $1,200,000 315,000 (if the Over- Allotment Option is exercised in full) (the “Over-allotment Purchase Price”) such that the gross proceeds of such purchase will be no less than the amount of underwriting commissions due in connection with the Over-Allotment OptionOption (excluding any deferred portion). Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date.

Appears in 1 contract

Samples: Private Placement Units Subscription Agreement (Hainan Manaslu Acquisition Corp.)

Purchase and Issuance of the Units. (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, simultaneously with the closing of the IPO on or before [ ]October 20, 2023 2021 (the “Initial Closing Date”), 1,040,000 1,191,000 Units for a purchase price of $10,400,000 11,910,000 (the “Purchase Price”). (b) Simultaneously with the consummation of the closing of the underwriters’ over-allotment option in connection with the IPO (the “Over-Allotment Option”) or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (each such date, an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing Date being sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, an aggregate of up to 120,000 144,000 Units at a price of $10.00 per Unit for an aggregate purchase price of up to $1,200,000 1,440,000 (if the Over- Allotment Option is exercised in full) (the “Over-allotment Purchase Price”) such that the gross proceeds of such purchase will be no less than the amount of underwriting commissions due in connection with the Over-Allotment OptionOption (excluding any deferred portion). Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date.

Appears in 1 contract

Samples: Unit Subscription Agreement (GoGreen Investments Corp)

Purchase and Issuance of the Units. (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, simultaneously with the closing of the IPO on or before [ [●], 2023 2021 (the “Initial Closing Date”), 1,040,000 725,000 Units for a purchase price of $10,400,000 7,250,000 (the “Purchase Price”). (b) Simultaneously with the consummation of the closing of the underwriters’ over-allotment option in connection with the IPO (the “Over-Allotment Option”) or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (each such date, an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing Date being sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, an aggregate of up to 120,000 75,000 Units at a price of $10.00 per Unit for an aggregate purchase price of up to $1,200,000 750,000 (if the Over- Over-Allotment Option is exercised in full) (the “Over-allotment Purchase Price”) such that the gross proceeds of such purchase will be no less than the amount of underwriting commissions due in connection with the Over-Allotment OptionOption (excluding any deferred portion). Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date.

Appears in 1 contract

Samples: Unit Subscription Agreement (GoGreen Investments Corp)

Purchase and Issuance of the Units. (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, simultaneously with the closing of the IPO on or before [ ], 2023 2022 (the “Initial Closing Date”), 1,040,000 324,050 Units for a purchase price of $10,400,000 3,240,500 (the “Purchase Price”). (b) Simultaneously with the consummation of the closing of the underwriters’ over-allotment option in connection with the IPO (the “Over-Allotment Option”) or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (each such date, an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing Date being sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, an aggregate of up to 120,000 25,312 Units at a price of $10.00 per Unit for an aggregate purchase price of up to $1,200,000 253,125 (if the Over- Allotment Option is exercised in full) (the “Over-allotment Purchase Price”) such that the gross proceeds of such purchase will be no less than the amount of underwriting commissions due in connection with the Over-Allotment OptionOption (excluding any deferred portion). Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date.

Appears in 1 contract

Samples: Unit Subscription Agreement (Pomelo Acquisition Corp LTD)

AutoNDA by SimpleDocs

Purchase and Issuance of the Units. (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, simultaneously with the closing of the IPO on or before [ ], 2023 2022 (the “Initial Closing Date”), 1,040,000 455,300 Units for a purchase price of $10,400,000 4,553,000 (the “Purchase Price”). (b) Simultaneously with the consummation of the closing of the underwriters’ over-allotment option in connection with the IPO (the “Over-Allotment Option”) or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (each such date, an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing Date being sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, an aggregate of up to 120,000 45,000 Units at a price of $10.00 per Unit for an aggregate purchase price of up to $1,200,000 450,000 (if the Over- Allotment Option is exercised in full) (the “Over-allotment Purchase Price”) such that the gross proceeds of such purchase will be no less than the amount of underwriting commissions due in connection with the Over-Allotment OptionOption (excluding any deferred portion). Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date.

Appears in 1 contract

Samples: Unit Subscription Agreement (Pomelo Acquisition Corp LTD)

Purchase and Issuance of the Units. (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, simultaneously with the closing of the IPO but in any event on or before [ ]June 30, 2023 2021 (the “Initial IPO Closing Date”), 1,040,000 550,000 Units for a an aggregate purchase price of $10,400,000 5,500,000 (the “IPO Purchase Price”). (b) Simultaneously with . On the consummation date of the closing of the underwriters’ over-allotment option option, if any, in connection with the IPO (the “Over-Allotment Option”) or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (each such date, an “Over-allotment Closing Date,” ”, and each Over-allotment Closing Date (if any) and the Initial IPO Closing Date being sometimes referred to herein as Date, a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, an aggregate of up to 120,000 an additional 45,000 Units (or, to the extent the over-allotment option is not exercised in full, a lesser number of Units in proportion to the portion of the over-allotment option that is exercised) at a price of $10.00 per Unit for an aggregate purchase price of up to $1,200,000 (if the Over- Allotment Option is exercised in full) 450,000 (the “Over-allotment Purchase Price”) such that the gross proceeds of such purchase will be no less than the amount of underwriting commissions due in connection with the Over-Allotment Option. Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date).

Appears in 1 contract

Samples: Unit Subscription Agreement (Belong Acquisition Corp.)

Purchase and Issuance of the Units. (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, simultaneously with the closing of the IPO on or before [ [•], 2023 2022 (the “Initial Closing Date”), 1,040,000 280,000 Units for a purchase price of $10,400,000 2,800,000 (the “Purchase Price”). (b) Simultaneously with the consummation of the closing of the underwriters’ over-allotment option in connection with the IPO (the “Over-Allotment Option”) or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (each such date, an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing Date being sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, an aggregate of up to 120,000 27,000 Units at a price of $10.00 per Unit for an aggregate purchase price of up to $1,200,000 270,000 (if the Over- Allotment Option is exercised in full) (the “Over-allotment Purchase Price”) such that the gross proceeds of such purchase will be no less than the amount of underwriting commissions due in connection with the Over-Allotment OptionOption (excluding any deferred portion). Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date.

Appears in 1 contract

Samples: Private Placement Units Subscription Agreement (Hainan Manaslu Acquisition Corp.)

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