Closing of the Offering definition

Closing of the Offering means the closing of the offering and sale of an aggregate of 50,000,000 Class A Restricted Voting Units (together with any Class A Restricted Voting Units that may be sold in connection with a concurrent exercise of the Over-Allotment Option) at a price of U.S.$10.00 per Class A Restricted Voting Unit pursuant to the Prospectus;

Closing of the Offering means the completion of the Offering, which is expected to occur on or about April 27, 2017 immediately prior to the Closing;

Closing of the Offering means the initial closing of the Offering and not any subsequent date on which the Underwriter may purchase additional Units pursuant to the over-overallotment option set forth in the Underwriting Agreement, and the term “Applicable Deadline” means the date that is 18 months from the Closing of the Offering); and

Examples of Closing of the Offering in a sentence

• The last Closing of the Offering, occurring on or prior to the Termination Date, shall be referred to as the “Final Closing”.

• Such reimbursement shall be payable immediately upon (but only in the event of) a Closing of the Offering.

• The term of this Agreement will commence upon the execution of this Agreement and will terminate at the earlier of the Closing of the Offering or 11:59 p.m. (New York Time) on the fifth Business Day after the date hereof.

• The Company will pay the Underwriters a non-accountable expense allowance of one percent (1%) of the gross proceeds from the Offering upon the Closing of the Offering.

• If the Offering is consummated, Placement Agent may, at its own expense, place a customary announcement in such newspapers and periodicals as Placement Agent may desire announcing the Closing of the Offering, the name of the Issuer, the securities issued and the gross proceeds of the Offering.

• The last Closing of the Offering shall be referred to as the “Final Closing” and such date of the Final Closing, shall be referred to as the “Final Closing Date”.

• Closing of the Offering is expected to occur on or about November 15, 2019.

• In addition, the Representative has agreed (i) to waive its redemption rights (or right to participate in any tender offer) with respect to such shares in connection with the completion of the initial Business Combination and (ii) to waive its rights to liquidating distributions from the trust account with respect to such shares if the Company fails to complete the initial Business Combination within 12 months (or up to 18 months, if applicable) from the Closing of the Offering.

• Compensation pursuant to this Agreement shall only be paid to the Finder in the event of an actual Closing of the Offering to an Offeree introduced by Finder.

• Funds will be held in an escrow account maintained by the Escrow Agent (the “Escrow Account”), as set forth in more detail below pending the initial Closing of the Offering.

More Definitions of Closing of the Offering

Closing of the Offering means the first purchase of shares of Common Stock by the Underwriters from the Stockholder pursuant to the Underwriting Agreement to be entered into in connection with the Offering.