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

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 Sponsor Warrants at a price of $1.50 per warrant for an aggregate purchase price of $9,500,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants purchased on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.

Appears in 8 contracts

Samples: Sponsor Warrants Purchase Agreement (Gores Metropoulos, Inc.), Sponsor Warrants Purchase Agreement (Gores Metropoulos, Inc.), Sponsor Warrants Purchase Agreement (Gores Holdings III, Inc.)

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Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 5,000,000 Sponsor Warrants at a price of $1.50 2.00 per warrant for an aggregate purchase price of $9,500,000 10,000,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants purchased on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.

Appears in 7 contracts

Samples: Sponsor Warrants Purchase Agreement (Gores Technology Partners II, Inc.), Sponsor Warrants Purchase Agreement (Gores Technology Partners II, Inc.), Sponsor Warrants Purchase Agreement (Gores Metropoulos II, Inc.)

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 6,250,000 Sponsor Warrants at a price of $1.50 2.00 per warrant for an aggregate purchase price of $9,500,000 12,500,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Gores Holdings IX, Inc.), Sponsor Warrants Purchase Agreement (Gores Holdings VI, Inc.)

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 3,400,000 Sponsor Warrants at a price of $1.50 2.00 per warrant for an aggregate purchase price of $9,500,000 6,800,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Gores Technology Partners, Inc.), Sponsor Warrants Purchase Agreement (Gores Technology Partners, Inc.)

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 4,000,000 Sponsor Warrants at a price of $1.50 2.00 per warrant for an aggregate purchase price of $9,500,000 8,000,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Gores Holdings VI, Inc.), Sponsor Warrants Purchase Agreement (Gores Holdings VI, Inc.)

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 8,500,000 Sponsor Warrants at a price of $1.50 2.00 per warrant for an aggregate purchase price of $9,500,000 17,000,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Gores Guggenheim, Inc.), Sponsor Warrants Purchase Agreement (Gores Guggenheim, Inc.)

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 2,666,666 Sponsor Warrants at a price of $1.50 3.00 per warrant for an aggregate purchase price of $9,500,000 8,000,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Gores Holdings VIII Inc.), Sponsor Warrants Purchase Agreement (Gores Holdings VIII Inc.)

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 13,750,000 Sponsor Warrants at a price of $1.50 1.00 per warrant for an aggregate purchase price of $9,500,000 13,750,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Federal Street Acquisition Corp.), Sponsor Warrants Purchase Agreement (Federal Street Acquisition Corp.)

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 7,000,000 Sponsor Warrants at a price of $1.50 2.00 per warrant for an aggregate purchase price of $9,500,000 14,000,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Gores Holdings VI, Inc.)

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Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 8,333,333 Sponsor Warrants at a price of $1.50 per warrant for an aggregate purchase price of $9,500,000 12,500,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Gores Holdings IX, Inc.)

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 5,750,000 Sponsor Warrants at a price of $1.50 2.00 per warrant for an aggregate purchase price of $9,500,000 11,500,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Gores Holdings v Inc.)

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 3,866,667 Sponsor Warrants at a price of $1.50 3.00 per warrant for an aggregate purchase price of $9,500,000 11,600,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Gores Holdings VII Inc.)

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 8,250,000 Sponsor Warrants at a price of $1.50 2.00 per warrant for an aggregate purchase price of $9,500,000 16,500,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Gores Holdings X, Inc.)

Purchase and Sale of the Sponsor Warrants. (i) At least one business day prior to the consummation of the Public Offering (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 3,333,333 Sponsor Warrants at a price of $1.50 3.00 per warrant for an aggregate purchase price of $9,500,000 10,000,000 (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. On the Initial Closing Date, upon 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 a certificate evidencing the Sponsor Warrants 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: Sponsor Warrants Purchase Agreement (Gores Holdings VII Inc.)

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