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

Purchase and Sale of the Warrants. (i) On the date of the consummation of the Public Offering or on such earlier date as may be mutually agreed upon 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, [●] Warrants at a price of $1.00 per Warrant for an aggregate purchase price of $[●] (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 Initial Closing Date in accordance with the Company’s wiring instructions. 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 a certificate evidencing the 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: Private Warrants Purchase Agreement (Endurance Acquisition Corp.)

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Purchase and Sale of the Warrants. (i) On the date of Simultaneously with the consummation of the Public Offering or on such earlier time and date as may be mutually agreed upon 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, [●] 2,000,000 Warrants at a price of $1.00 per Warrant warrant 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 at least one business day prior to the Initial Closing Date in accordance with the Company’s wiring instructions. On or promptly after the Initial Closing Date, following subject to the payment by the Purchaser of the Purchase Price on the Initial Closing Date by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver a certificate evidencing the Warrants purchased on such date the Initial Closing Date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Warrant Purchase Agreement (PENSARE ACQUISITION Corp)

Purchase and Sale of the Warrants. (i) On the date of the consummation of the Public Offering or on such earlier date as may be mutually agreed upon by the Purchaser Purchasers and the Company (the “Initial Closing Date”), the Company shall issue and sell to the PurchaserPurchasers, and the Purchaser Purchasers shall purchase from the Company, [●] 750,000 Warrants at a price of $1.00 per Warrant for an aggregate purchase price of $[●] 750,000 (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 Initial Closing Date in accordance with the Company’s wiring instructions. On the Initial Closing Date, following the payment by the Purchaser Purchasers 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 Warrants purchased on such date duly registered in each of the Purchaser’s name names to the PurchaserPurchasers, or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Warrants Purchase Agreement (Revelstone Capital Acquisition Corp.)

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Purchase and Sale of the Warrants. (i) On the date of the consummation of the Public Offering or on such earlier date as may be mutually agreed upon 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, [●] 1,000,000 Warrants at a price of $1.00 per Warrant for an aggregate purchase price of $[●] 1,000,000 (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 Initial Closing Date in accordance with the Company’s wiring instructions. 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 a certificate evidencing the 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: Warrant Purchase Agreement (Endurance Acquisition Corp.)

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