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

Purchase and Sale of the Sponsor Warrants. (i) As payment in full for the 4,120,000 Sponsor Warrants being purchased under this Agreement, Purchaser shall pay $4,120,000 (the “Purchase Price”), by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, 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, at least one (1) business day prior to the date of effectiveness of the Registration Statement. (ii) The closing of the purchase and sale of the Sponsor Warrants shall take place simultaneously with the closing of the Public Offering (the “Closing Date”). The closing of the purchase and sale of the Sponsor Warrants shall take place at the offices of Ellenoff Gxxxxxxx & Schole LLP, 1000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx, 00000, or such other place as may be agreed upon by the parties hereto.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Adara Acquisition Corp.)

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Purchase and Sale of the Sponsor Warrants. (i) As payment in full for the 4,120,000 3,500,000 Sponsor Warrants being purchased under this Agreement, Purchaser shall pay $4,120,000 3,500,000 (the “Purchase Price”), by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, 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, at least one (1) business day prior to the date of effectiveness of the Registration StatementClosing Date (defined below). (ii) The closing of the purchase and sale of the Sponsor Warrants shall take place simultaneously with the closing of the Public Offering (the “Closing Date”). The closing of the purchase and sale of the Sponsor Warrants shall take place at the offices of Ellenoff Gxxxxxxx & Schole Gxxxxxxxx Txxxxxx, LLP, 1000 Xxxxxx xx xxx Xxxxxxxx200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, 00000, or such other place as may be agreed upon by the parties hereto.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Terrapin 4 Acquisition Corp)

Purchase and Sale of the Sponsor Warrants. (i) As payment in full for the 4,120,000 Sponsor Warrants being purchased under this Agreement, Purchaser shall pay $4,120,000 (the “Purchase Price”), by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, 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, at least one (1) business day prior to the date of effectiveness of the Registration Statement. (ii) The closing of the purchase and sale of the Sponsor Warrants shall take place simultaneously with the closing of the Public Offering (the “Closing Date”). The closing of the purchase and sale of the Sponsor Warrants shall take place at the offices of Ellenoff Gxxxxxxx Xxxxxxxx & Schole LLP, 1000 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx, 00000, or such other place as may be agreed upon by the parties hereto.

Appears in 1 contract

Samples: Private Placement Warrants Purchase Agreement (Adara Acquisition Corp.)

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Purchase and Sale of the Sponsor Warrants. (i) As payment in full for the 4,120,000 9,600,000 Sponsor Warrants being purchased under this Agreement, Purchaser shall pay $4,120,000 9,600,000 (the “Purchase Price”), by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, 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, at least one (1) business day prior to the closing date of effectiveness of the Registration Statement. (ii) Public Offering. The closing of the purchase and sale of the Sponsor Warrants shall take place simultaneously with the closing of the Public Offering (the “Closing Date”). The closing of the purchase and sale of the Sponsor Warrants shall take place at the offices of Ellenoff Gxxxxxxx Xxxxxxxx & Schole LLP, 1000 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx, 00000, or such other place as may be agreed upon by the parties hereto.

Appears in 1 contract

Samples: Sponsor Warrants Purchase Agreement (Hennessy Capital Acquisition Corp. III)

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