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

Purchase and Issuance of the Units. 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 Closing Date (as defined below), 200,000 Units at a price of $10.00 per Unit for an aggregate purchase price of $2,000,000 (the “Purchase Price”). The Purchase Price shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions at least one business day prior to the date of effectiveness of the registration statement to be filed in connection with the IPO. On the Closing Date, the Company, shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form. On the date of the consummation of the closing of the over-allotment option in connection with the IPO, and concurrently with the consummation thereof, 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”; together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, up to an aggregate of 30,000 Units, in the same proportion as the amount of the over-allotment option that is exercised, at a price of $10.00 per Unit for an aggregate purchase price of up to $300,000 (if the over-allotment option in connection with the IPO is exercised in full) (the “Over-allotment Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On the Over-allotment Closing Date, upon the payment by the Subscriber of the Over-allotment Purchase Price payable by it by wire transfer of immediately available funds to the Company, the Company shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Newcourt Acquisition Corp), Unit Subscription Agreement (Newcourt Acquisition Corp)

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Purchase and Issuance of the Units. 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 Closing Date (as defined below), 200,000 30,000 Units at a price of $10.00 per Unit for an aggregate purchase price of $2,000,000 300,000 (the “Purchase Price”). The Purchase Price shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions at least one business day prior to the date of effectiveness of the registration statement to be filed in connection with the IPO. On the Closing Date, the Company, shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form. On the date of the consummation of the closing of the over-allotment option in connection with the IPO, and concurrently with the consummation thereof, 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”; together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, up to an aggregate of 30,000 4,500 Units, in the same proportion as the amount of the over-allotment option that is exercised, at a price of $10.00 per Unit for an aggregate purchase price of up to $300,000 45,000 (if the over-allotment option in connection with the IPO is exercised in full) (the “Over-allotment Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On the Over-allotment Closing Date, upon the payment by the Subscriber of the Over-allotment Purchase Price payable by it by wire transfer of immediately available funds to the Company, the Company shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Newcourt Acquisition Corp), Unit Subscription Agreement (Newcourt Acquisition Corp)

Purchase and Issuance of the Units. 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 Closing Date (as defined below), 200,000 770,000 Units at a price of $10.00 per Unit for an aggregate purchase price of $2,000,000 7,700,000 (the “Purchase Price”). The Purchase Price shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions at least one business day prior to the date of effectiveness of the registration statement to be filed in connection with the IPO. On the Closing Date, the Company, shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form. On the date of the consummation of the closing of the over-allotment option in connection with the IPO, and concurrently with the consummation thereof, 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”; together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, up to an aggregate of 30,000 25,500 Units, in the same proportion as the amount of the over-allotment option that is exercised, at a price of $10.00 per Unit for an aggregate purchase price of up to $300,000 255,000 (if the over-allotment option in connection with the IPO is exercised in full) (the “Over-allotment Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On the Over-allotment Closing Date, upon the payment by the Subscriber of the Over-allotment Purchase Price payable by it by wire transfer of immediately available funds to the Company, the Company shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Newcourt Acquisition Corp), Unit Subscription Agreement (Newcourt 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 [●], 2022 (the “Initial Closing Date (as defined belowDate”), 200,000 310,000 Units at for a price of $10.00 per Unit for an aggregate purchase price of $2,000,000 3,100,000 (the “Purchase Price”). The Purchase Price shall be paid by wire transfer of immediately available funds to the Company in accordance . (b) Simultaneously with the Company’s wiring instructions at least one business day prior to the date of effectiveness of the registration statement to be filed in connection with the IPO. On the Closing Date, the Company, shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form. On the date of the consummation of the closing of the underwriters’ over-allotment option in connection with the IPO, and concurrently with IPO (the consummation thereof, “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”; together with ,” and each Over-allotment Closing Date (if any) and the Initial Closing Date, the “Closing Dates” and each, 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, up to an aggregate of 30,000 Units, in the same proportion as the amount of the over-allotment option that is exercised, up to 31,500 Units at a price of $10.00 per Unit for an aggregate purchase price of up to $300,000 315,000 (if the over-allotment option in connection with the IPO 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 (excluding any deferred portion), which . Purchaser shall be paid pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date, upon the payment by the Subscriber of the Over-allotment Purchase Price payable by it by wire transfer of immediately available funds to the Company, the Company shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form.

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, on simultaneously with the closing of the IPO (the “Initial Closing Date (as defined belowDate”), 200,000 327,500 Units at for a price of $10.00 per Unit for an aggregate purchase price of $2,000,000 3,275,000 (the “Purchase Price”). The Purchase Price shall be paid by wire transfer , consisting of: (i) a cash payment of immediately available funds to $2,325,000, and (ii) the Company in accordance with the Company’s wiring instructions at least one business day prior to the date of effectiveness repayment of the registration statement to be filed in connection Advanced Expenses. (b) Simultaneously with the IPO. On the Closing Date, the Company, shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form. On the date of the consummation of the closing of the underwriters’ over-allotment option in connection with the IPO, and concurrently with IPO (the consummation thereof, “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”; together with ,” and each Over-allotment Closing Date (if any) and the Initial Closing Date, the “Closing Dates” and each, 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, up to an aggregate of 30,000 Units, in the same proportion as the amount of the over-allotment option that is exercised, up to 22,500 Units at a price of $10.00 per Unit for an aggregate purchase price of up to $300,000 225,000 (if the over-allotment option in connection with the IPO 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 (excluding any deferred portion), which . Purchaser shall be paid pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date, upon the payment by the Subscriber of the Over-allotment Purchase Price payable by it by wire transfer of immediately available funds to the Company, the Company shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Private Placement Units Subscription Agreement (Global Lights Acquisition Corp)

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Purchase and Issuance of the Units. 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 Closing Date (as defined below), 200,000 860,000 Units at a price of $10.00 per Unit for an aggregate purchase price of $2,000,000 8,600,000 (the “Purchase Price”). The Purchase Price shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions at least one business day prior to the date of effectiveness of the registration statement to be filed in connection with the IPO. On the Closing Date, the Company, shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form. On the date of the consummation of the closing of the over-allotment option in connection with the IPO, and concurrently with the consummation thereof, 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”; together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, up to an aggregate of 30,000 66,000 Units, in the same proportion as the amount of the over-allotment option that is exercised, at a price of $10.00 per Unit for an aggregate purchase price of up to $300,000 660,000 (if the over-allotment option in connection with the IPO is exercised in full) (the “Over-allotment Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On the Over-allotment Closing Date, upon the payment by the Subscriber of the Over-allotment Purchase Price payable by it by wire transfer of immediately available funds to the Company, the Company shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Unit Subscription Agreement (Newcourt 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 [●], 2021 (the “Initial Closing Date (as defined belowDate”), 200,000 1,025,000 Units at for a price of $10.00 per Unit for an aggregate purchase price of $2,000,000 10,250,000 (the “Purchase Price”). The Purchase Price shall be paid by wire transfer of immediately available funds to the Company in accordance . (b) Simultaneously with the Company’s wiring instructions at least one business day prior to the date of effectiveness of the registration statement to be filed in connection with the IPO. On the Closing Date, the Company, shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form. On the date of the consummation of the closing of the underwriters’ over-allotment option in connection with the IPO, and concurrently with IPO (the consummation thereof, “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”; together with ,” and each Over-allotment Closing Date (if any) and the Initial Closing Date, the “Closing Dates” and each, 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, up to an aggregate of 30,000 Units, in the same proportion as the amount of the over-allotment option that is exercised, up to 120,000 Units at a price of $10.00 per Unit for an aggregate purchase price of up to $300,000 1,200,000 (if the overOver-allotment option in connection with the IPO 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 (excluding any deferred portion), which . Purchaser shall be paid pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On Trust Account (as defined below) maintained by Continental (as defined below) at least one (1) business day prior to the Over-allotment Closing Date, upon the payment by the Subscriber of the Over-allotment Purchase Price payable by it by wire transfer of immediately available funds to the Company, the Company shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Unit Subscription Agreement (GoGreen Investments Corp)

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