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

Purchase and Sale of the Underwriter Warrants. (i) As payment in full for the 1,375,000 Underwriter Warrants being purchased under this Agreement, Purchaser shall pay $1,375,000 (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) In the event that the over-allotment option is exercised in full or in part, Purchaser shall purchase up to an additional 206,250 Underwriter Warrants (the “Additional Underwriter Warrants”), in the same proportion as the amount of the over-allotment option that is exercised, and simultaneously with such purchase of Additional Underwriter Warrants, as payment in full for the Additional Underwriter Warrants being purchased hereunder, and at least one (1) business day prior to the closing of all or any portion of the over-allotment option, Purchaser shall pay $1.00 per Additional Underwriter Warrant, up to an aggregate amount of $206,250, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the Trust Account. (iii) The closing of the purchase and sale of the Underwriter Warrants shall take place simultaneously with the closing of the Public Offering (the “Initial Closing Date”). The closing of the purchase and sale of the Additional Underwriter Warrants, if applicable, shall take place simultaneously with the closing of all or any portion of the over-allotment option (such closing date, together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”). The closing of the purchase and sale of each of the Underwriter Warrants and the Additional Underwriter Warrants shall take place at the offices of Ellenoff Xxxxxxxx & Schole LLP, 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 (Mudrick Capital Acquisition Corp. II)

AutoNDA by SimpleDocs

Purchase and Sale of the Underwriter Warrants. (i) As payment in full for the 1,375,000 Underwriter Warrants being purchased under this Agreement, Purchaser shall pay $1,375,000 (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) In the event that the over-allotment option is exercised in full or in part, Purchaser shall purchase up to an additional 206,250 Underwriter Warrants (the “Additional Underwriter Warrants”), in the same proportion as the amount of the over-allotment option that is exercised, and simultaneously with such purchase of Additional Underwriter Warrants, as payment in full for the Additional Underwriter Warrants being purchased hereunder, and at least one (1) business day prior to the closing of all or any portion of the over-allotment option, Purchaser shall pay $1.00 per Additional Underwriter Warrant, up to an aggregate amount of $206,250, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the Trust Account. (iii) The closing of the purchase and sale of the Underwriter Warrants shall take place simultaneously with the closing of the Public Offering (the “Initial Closing Date”). The closing of the purchase and sale of the Additional Underwriter Warrants, if applicable, shall take place simultaneously with the closing of all or any portion of the over-allotment option (such closing date, together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”). The closing of the purchase and sale of each of the Underwriter Warrants and the Additional Underwriter Warrants shall take place at the offices of Ellenoff Xxxxxxxx Gxxxxxxx & Schole LLP, 0000 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: Private Placement Warrants Purchase Agreement (Mudrick Capital Acquisition Corp. II)

Purchase and Sale of the Underwriter Warrants. (i) As payment in full for the 1,375,000 875,000 Underwriter Warrants being purchased under this Agreement, Purchaser shall pay $1,375,000 875,000 (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) In the event that the over-allotment option is exercised in full or in part, Purchaser shall purchase up to an additional 206,250 131,250 Underwriter Warrants (the “Additional Underwriter Warrants”), in the same proportion as the amount of the over-allotment option that is exercised, and simultaneously with such purchase of Additional Underwriter Warrants, as payment in full for the Additional Underwriter Warrants being purchased hereunder, and at least one (1) business day prior to the closing of all or any portion of the over-allotment option, Purchaser shall pay $1.00 per Additional Underwriter Warrant, up to an aggregate amount of $206,250131,250, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the Trust Account. (iii) The closing of the purchase and sale of the Underwriter Warrants shall take place simultaneously with the closing of the Public Offering (the “Initial Closing Date”). The closing of the purchase and sale of the Additional Underwriter Warrants, if applicable, shall take place simultaneously with the closing of all or any portion of the over-allotment option (such closing date, together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”). The closing of the purchase and sale of each of the Underwriter Warrants and the Additional Underwriter Warrants shall take place at the offices of Ellenoff Xxxxxxxx Loeb & Schole Loeb LLP, 0000 Xxxxxx xx xxx Xxxxxxxx000 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: Private Placement Warrants Purchase Agreement (Iron Spark I Inc.)

Purchase and Sale of the Underwriter Warrants. (i) As payment in full for the 1,375,000 187,500 Underwriter Warrants (the “Initial Underwriter Warrants”) being purchased under this Agreement, Purchaser Underwriter shall pay $1,375,000 187,500 (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) In the event that the over-allotment option is exercised in full or in part, Purchaser Underwriter shall purchase up to an additional 206,250 28,125 Underwriter Warrants (the “Additional Underwriter Warrants”), in the same proportion as the amount of the over-allotment option that is exercised, and simultaneously with such purchase of Additional Underwriter Warrants, as payment in full for the Additional Underwriter Warrants being purchased hereunder, and at least one (1) business day prior to the closing of all or any portion of the over-allotment option, Purchaser Underwriter shall pay $1.00 per Additional Underwriter Sponsor Warrant, up to an aggregate amount of $206,25028,125, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the Trust Account. (iii) The closing of the purchase and sale of the Initial Underwriter Warrants shall take place simultaneously with the closing of the Public Offering (the “Initial Closing Date”). The closing of the purchase and sale of the Additional Underwriter Warrants, if applicable, shall take place simultaneously with the closing of all or any portion of the over-allotment option (such closing date, together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”). The closing of the purchase and sale of each of the Initial Underwriter Warrants and the Additional Underwriter Warrants shall take place at the offices of Ellenoff Xxxxxxxx Loeb & Schole Loeb LLP, 0000 Xxxxxx xx xxx Xxxxxxxx300 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, Xxxx 00000, or such other place as may be agreed upon by the parties hereto.

Appears in 1 contract

Samples: Underwriter Private Placement Warrants Purchase Agreement (Viscogliosi Brothers Acquisition Corp)

AutoNDA by SimpleDocs

Purchase and Sale of the Underwriter Warrants. (i) As payment in full for the 1,375,000 1,250,000 Underwriter Warrants being purchased under this Agreement, Purchaser shall pay $1,375,000 1,250,000 (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) In the event that the over-allotment option is exercised in full or in part, Purchaser shall purchase up to an additional 206,250 187,500 Underwriter Warrants (the “Additional Underwriter Warrants”), in the same proportion as the amount of the over-allotment option that is exercised, and simultaneously with such purchase of Additional Underwriter Warrants, as payment in full for the Additional Underwriter Warrants being purchased hereunder, and at least one (1) business day prior to the closing of all or any portion of the over-allotment option, Purchaser shall pay $1.00 per Additional Underwriter Warrant, up to an aggregate amount of $206,250187,500, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the Trust Account. (iii) The closing of the purchase and sale of the Underwriter Warrants shall take place simultaneously with the closing of the Public Offering (the “Initial Closing Date”). The closing of the purchase and sale of the Additional Underwriter Warrants, if applicable, shall take place simultaneously with the closing of all or any portion of the over-allotment option (such closing date, together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”). The closing of the purchase and sale of each of the Underwriter Warrants and the Additional Underwriter Warrants shall take place at the offices of Ellenoff Xxxxxxxx & Schole LLP, 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 (Mudrick Capital Acquisition Corp. II)

Purchase and Sale of the Underwriter Warrants. (i) As payment in full for the 1,375,000 187,500 Underwriter Warrants being purchased under this Agreement, Purchaser Underwriter shall pay $1,375,000 187,500 (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) In the event that the over-allotment option is exercised in full or in part, Purchaser Underwriter shall purchase up to an additional 206,250 28,125 Underwriter Warrants (the “Additional Underwriter Warrants”), in the same proportion as the amount of the over-allotment option that is exercised, and simultaneously with such purchase of Additional Underwriter Warrants, as payment in full for the Additional Underwriter Warrants being purchased hereunder, and at least one (1) business day prior to the closing of all or any portion of the over-allotment option, Purchaser Underwriter shall pay $1.00 per Additional Underwriter Warrant, up to an aggregate amount of $206,25028,125, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the Trust Account. (iii) The closing of the purchase and sale of the Underwriter Warrants shall take place simultaneously with the closing of the Public Offering (the “Initial Closing Date”). The closing of the purchase and sale of the Additional Underwriter Warrants, if applicable, shall take place simultaneously with the closing of all or any portion of the over-allotment option (such closing date, together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”). The closing of the purchase and sale of each of the Underwriter Warrants and the Additional Underwriter Warrants shall take place at the offices of Ellenoff Xxxxxxxx Loeb & Schole Loeb LLP, 0000 Xxxxxx xx xxx Xxxxxxxx000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, 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 (Viscogliosi Brothers Acquisition Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!