Sponsor Warrant Purchase Agreement. The Sponsor has executed and delivered a Sponsor Warrant Purchase Agreement, the form of which is filed as an exhibit to the Registration Statement (the “Sponsor Warrant Purchase Agreement”), pursuant to which the Sponsor will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Placement Warrants as provided for in such Sponsor Warrant Purchase Agreement. Pursuant to the Sponsor Warrant Purchase Agreement, (i) the Sponsor has waived any and all rights and claims each may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Securities, and (ii) the proceeds from the sale of the Placement Securities will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date as provided for in the Sponsor Warrant Purchase Agreement.
Appears in 5 contracts
Samples: Underwriting Agreement (Monterey Capital Acquisition Corp), Underwriting Agreement (Monterey Capital Acquisition Corp), Underwriting Agreement (Gladstone Acquisition Corp)
