Common use of Purchase and Sale of the Private Placement Units Clause in Contracts

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.

Appears in 3 contracts

Samples: Private Placement Units Purchase Agreement (Semper Paratus Acquisition Corp), Private Placement Units Purchase Agreement (Semper Paratus Acquisition Corp), Private Placement Units Purchase Agreement (Semper Paratus Acquisition Corp)

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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 1,210,000 210,000 Private Placement Units at a price of $10.00 per Unit for an aggregate purchase price of $12,100,000 2,100,000 (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 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.

Appears in 2 contracts

Samples: Private Placement Units Purchase Agreement (ITHAX Acquisition Corp.), Private Placement Units Purchase Agreement (ITHAX Acquisition Corp.)

Purchase and Sale of the Private Placement Units. Simultaneously with (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 “IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 1,210,000 440,000 Private Placement Units at a price of $10.00 per Private Placement Unit for an aggregate purchase price of $12,100,000 4,400,000 (the “Purchase Price”). The Purchaser shall pay $2,000,000 to the Purchase Price Company at a financial institution to be chosen by wire transfer of immediately available funds the Company, and (ii) $2,400,000 to the trust account (the “Trust Account”) maintained by Continental Stock Transfer & Trust Company Company, acting as trustee, on in each case in accordance with the Company’s wiring instructions, at least one (1) business day prior to the IPO Closing Date of the Public OfferingDate. On the IPO Closing Date, upon subject to the payment by receipt of funds pursuant to the Purchaser of the Purchase Priceimmediately prior sentence, 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.

Appears in 1 contract

Samples: Private Placement Units Purchase Agreement (European Biotech Acquisition Corp.)

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 1,210,000 150,000 Private Placement Units at a price of $10.00 per Unit for an aggregate purchase price of $12,100,000 1,500,000 (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 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.

Appears in 1 contract

Samples: Private Placement Units Purchase Agreement (Semper Paratus Acquisition Corp)

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Purchase and Sale of the Private Placement Units. Simultaneously with (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 “IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 1,210,000 400,000 Private Placement Units at a price of $10.00 per Private Placement Unit for an aggregate purchase price of $12,100,000 4,000,000 (the “Purchase Price”). The Purchaser shall pay $2,000,000 to the Purchase Price Company at a financial institution to be chosen by wire transfer of immediately available funds the Company, and (ii) $2,000,000 to the trust account (the “Trust Account”) maintained by Continental Stock Transfer & Trust Company Company, acting as trustee, on in each case in accordance with the Company’s wiring instructions, at least one (1) business day prior to the IPO Closing Date of the Public OfferingDate. On the IPO Closing Date, upon subject to the payment by receipt of funds pursuant to the Purchaser of the Purchase Priceimmediately prior sentence, 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.

Appears in 1 contract

Samples: Private Placement Units Purchase Agreement (European Biotech Acquisition Corp.)

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 1,210,000 175,000 Private Placement Units at a price of $10.00 per Unit for an aggregate purchase price of $12,100,000 11,750,000 (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 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.

Appears in 1 contract

Samples: Private Placement Units Purchase Agreement (ITHAX Acquisition Corp.)

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