Purchase and Sale of the Private Placement Units Sample Clauses

Purchase and Sale of the Private Placement Units. (i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 570,000 Private Placement Units at a price of $10.00 per unit for an aggregate purchase price of $5,700,000 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one day prior to the Initial Closing Date in accordance with the Company’s wiring instructions. It is agreed that on the Initial Closing Date, Purchaser will be responsible for purchasing a number of the Private Placement Units equal to the amount set forth opposite such Subscriber in Column A of Schedule I hereto (such Purchaser’s “Unit Purchase Commitment”). On the Initial Closing Date, following the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver certificates evidencing the Private Placement Units purchased by the Purchaser on such date duly registered in the respective Purchaser’s name to the Purchaser or effect such delivery in book-entry form. (ii) On the date of any closing of the over-allotment option in connection with the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser 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 Purchaser, and the Purchaser shall purchase from the Company, up to an aggregate of 40,500 additional Private Placement Units, in the same proportion as the amount of the option that is then so exercised, at a price of $10.00 per unit for an aggregate purchase price of up to $405,000 (if the over-allotment option in connection with the Public Offering is exercised in full) (the “Over-allotment Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one day prior to such Over-allotment Closing Date in accordance with the Company’s wiring instructions. It is agreed that on the Over-allotment Closing Date, Purchaser will be responsible for purchasing up to the number of the Private Placement Units equal to the amount set forth opposite su...

Purchase and Sale of the Private Placement Units. (i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 455,000 Private Placement Units at a price of $10.00 per unit for an aggregate purchase price of $4,550,000 (the “Purchase Price”), which 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 on Form S-1 (File No. 333-253867) filed in connection with the Public Offering. On the Closing Date, the Company, shall either, at its option, deliver certificates evidencing the Private Placement Units purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.

Purchase and Sale of the Private Placement Units. Simultaneously with the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 1,210,000 Private Placement Units at a price of $10.00 per Unit for an aggregate purchase price of $12,100,000 (the “Purchase Price”). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the trust account maintained by Continental Stock Transfer & Trust Company acting as trustee, on the Closing Date of the Public Offering. On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Units purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Purchase and Sale of the Private Placement Units. On the date of the consummation of the Public Offering (the “Closing Date”) or on such earlier date as may be mutually agreed by the Purchaser and the Company, the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 450,000 Private Placement Units (or 492,000 Private Placement Units if the underwriters exercise their over-allotment option in full) at a price of $10.00 per Unit for an aggregate purchase price of $4,500,000 (or $4,920,000 if the underwriters exercise their over-allotment option in full (the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds in the following amounts: (i) $1,700,000 to the Company at a financial institution to be chosen by the Company, and (ii) $2,800,000 to the trust account maintained by U.S. Bank National Association, acting as trustee (the “Trust Account”), in each case in accordance with the Company’s wiring instructions, at least one (1) business day prior to the Closing Date. On the Closing Date, subject to the receipt of funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a certificate evidencing the Private Placement Units purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Purchase and Sale of the Private Placement Units. (i) On the date of the consummation of the Public Offering (the “Closing Date”), the Company shall issue and sell to each Purchaser, and each Purchaser shall purchase, severally and not jointly, from the Company, the number of Private Placement Units set forth oposite its name on Schedule 1 at a price of $10.00 per Private Placement Unit for an aggregate purchase price of $35,000,000 (the “Purchase Price”). Each Purchaser shall pay, severally and not jointly, its portion of the Purchase Price for the Private Placement Units to the trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee, in each case in accordance with the Company’s wiring instructions, at least one (1) business day prior to the Closing Date. On the Closing Date, subject to the receipt of funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a certificate evidencing the Private Placement Units purchased by each Purchaser on such date duly registered in each Purchaser’s name to each Purchaser or effect such delivery in book-entry form.

Purchase and Sale of the Private Placement Units. (i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 200,000 Private Placement Units at a price of $10.00 per unit for an aggregate purchase price of $2,000,000 (the “Purchase Price”), which 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 on Form S-1 (File No. 333-253867) filed in connection with the Public Offering. On the Closing Date, the Company, shall either, at its option, deliver certificates evidencing the Private Placement Units purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form. (ii) The obligation of the Purchaser to purchase and pay for the Private Placement Units as provided herein shall be subject to the satisfaction of the conditions set forth in Section [•] of the Underwriting Agreement, dated the date hereof, by and between the Company and Cantor Xxxxxxxxxx & Co., as representative of the underwriters named therein (the “Underwriting Agreement”).

Purchase and Sale of the Private Placement Units. On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 900,000 Private Placement Units at a price of $10.00 per Private Placement Unit for an aggregate purchase price of $9,000,000 (the “Purchase Price”). The Purchaser shall pay, at least one (1) business day prior to the IPO Closing Date, the Purchase Price by wire transfer of immediately available funds, to accounts designated by the Company, including to the trust account (the “Trust Account”), at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee, in accordance with the Company’s wiring instructions. On the IPO Closing Date, subject to receipt of funds pursuant to the immediately prior sentence, the Company shall effect such delivery in book-entry form.

Purchase and Sale of the Private Placement Units. (i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 440,000 Private Placement Units (or 477,500 private placement units if the over-allotment option in connection with the Public Offering is exercised in full) at a price of $10.00 per unit for an aggregate purchase price of $4,400,000, or $4,775,000 if the over-allotment option in connection with the Public Offering is exercised in full (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one business day prior to the Closing Date in accordance with the Company’s wiring instructions. On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Units purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.

Purchase and Sale of the Private Placement Units. (i) As payment in full for the 265,000 Private Placement Units being purchased under this Agreement, Purchaser shall pay $2,650,000, by means of wire transfer in immediately available funds, to the trust account at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee (the “Trust Account”), at least one (1) business day prior to the pricing of the Public Offering. (ii) The closing of the purchase and sale of the Private Placement Units shall take place simultaneously with the closing of the Public Offering (the “Closing Date”).

Purchase and Sale of the Private Placement Units. (i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 175,000 Private Placement Units (including if the underwriter’s over-allotment option is exercised), at a price of $10.00 per unit, or $1,750,000 in the aggregate (including if the underwriter’s over-allotment option is exercised) (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one business day prior to the Closing Date in accordance with the Company’s wiring instructions. On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Units purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.