Common use of Purchase and Sale of the Insider Warrants Clause in Contracts

Purchase and Sale of the Insider Warrants. Immediately prior to the effective date of the registration statement on Form S-1 filed in connection with the IPO, or on such earlier date as may be established from time to time by mutual agreement of the parties (such date, the “Closing Date”), the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, the respective number of Insider Warrants set forth opposite each Purchaser’s name on Schedule A hereto. The purchase price for each Insider Warrant shall be $1.00 per warrant, for an aggregate purchase price of $2,400,000 (the “Purchase Price”), which shall be paid in cash, by check or by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On the Closing Date, upon the payment by the Purchasers of the Purchase Price to the Company, the Company shall deliver certificates evidencing the Insider Warrants to be purchased by the Purchasers hereunder, registered in the Purchasers’ respective names, to the Escrow Agent for deposit pursuant to the Escrow Agreement.

Appears in 2 contracts

Samples: Warrant Purchase Agreement (Ideation Acquisition Corp.), Warrant Purchase Agreement (Ideation Acquisition Corp.)

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Purchase and Sale of the Insider Warrants. Immediately prior to the effective date of the registration statement on Form S-1 filed in connection with the IPO, or on such earlier date as may be established from time to time by mutual agreement of the parties (such date, the "Closing Date"), the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, the respective number of Insider Warrants set forth opposite each Purchaser’s 's name on Schedule A hereto. The purchase price for each Insider Warrant shall be $1.00 per warrant, for an aggregate purchase price of $2,400,000 2,185,000 (the "Purchase Price"), which shall be paid in cash, by check or by wire transfer of immediately available funds to the Company in accordance with the Company’s 's wiring instructions. On the Closing Date, upon the payment by the Purchasers of the Purchase Price to the Company, the Company shall deliver certificates evidencing the Insider Warrants to be purchased by the Purchasers hereunder, registered in the Purchasers' respective names, to the Escrow Agent for deposit pursuant to the Escrow Agreement.

Appears in 1 contract

Samples: Warrant Purchase Agreement (China Mining Resources Holdings LTD)

Purchase and Sale of the Insider Warrants. Immediately prior to the effective date of the registration statement on Form S-1 filed in connection with the IPO, or on such earlier date as may be established from time to time by mutual agreement of the parties (such date, the "Closing Date"), the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, the respective number of Insider Warrants set forth opposite each Purchaser’s 's name on Schedule A hereto. The purchase price for each Insider Warrant shall be $1.00 per warrant, for an aggregate purchase price of $2,400,000 (the "Purchase Price"), which shall be paid in cash, by check or by wire transfer of immediately available funds to the Company in accordance with the Company’s 's wiring instructions. On the Closing Date, upon the payment by the Purchasers of the Purchase Price to the Company, the Company shall deliver certificates evidencing the Insider Warrants to be purchased by the Purchasers hereunder, registered in the Purchasers' respective names, to the Escrow Agent for deposit pursuant to the Escrow Agreement.

Appears in 1 contract

Samples: Warrant Purchase Agreement (China Mining Resources Holdings LTD)

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Purchase and Sale of the Insider Warrants. Immediately prior to the effective date of the registration statement on Form S-1 filed in connection with the IPO, or on such earlier date as may be established from time to time by mutual agreement of the parties (such date, the "Closing Date"), the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, the respective number of Insider Warrants set forth opposite each Purchaser’s 's name on Schedule A hereto. The purchase price for each Insider Warrant shall be $1.00 per warrant, for an aggregate purchase price of $2,400,000 2,500,000 (the "Purchase Price"), which shall be paid in cash, by check or by wire transfer of immediately available funds to the Company in accordance with the Company’s 's wiring instructions. On the Closing Date, upon the payment by the Purchasers of the Purchase Price to the Company, the Company shall deliver certificates evidencing the Insider Warrants to be purchased by the Purchasers hereunder, registered in the Purchasers' respective names, to the Escrow Agent for deposit pursuant to the Escrow Agreement.

Appears in 1 contract

Samples: Warrant Purchase Agreement (China Mining Resources Holdings LTD)

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