Deferred Discount definition

Deferred Discount means any deferred underwriting commissions, which amount will be payable upon consummation of an initial business combination.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Deferred Discount means deferred underwriting commissions of $10.5 million in the aggregate, which will be payable upon consummation of an initial business combination.

Deferred Discount means any deferred underwriting commissions payable to Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC in connection with the IPO, which amount will be payable upon consummation of an the Business Combination.

Examples of Deferred Discount in a sentence

• The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount.

• In connection with any such Liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.

• Payment of the Deferred Discount will be made out of the proceeds of the Offering held in the Trust Account.

• In connection with any such liquidation distribution, the Underwriters will forfeit any rights or claims to the Deferred Discount.

• Upon the consummation of the Initial Business Combination, the Company will cause the Trustee to pay to the Representative, on behalf of the Underwriters, the Deferred Discount.

• Upon the consummation of the initial Business Combination, the Company will pay to the Representative, on behalf of the Underwriters, the Deferred Discount.

• Payment of the Deferred Discount will be made out of the proceeds of the Offering held in the Trust Account, and the Company will instruct CST to transfer the Deferred Discount to the Representative concurrent with any transfer of the funds held in the Trust Account to the Company or any other person.

• Upon the consummation of the Initial Business Combination, the Company will cause the Trustee to pay to the Representatives, on behalf of the Underwriters, the Deferred Discount.

• Upon the consummation of the initial Business Combination, the Company will direct the Trustee to pay the Representatives, on behalf of the Underwriters, the Deferred Discount out of the proceeds of the Offering held in the Trust Account.

• The Deferred Discount will be paid directly to the Representative, on behalf of the Underwriters, by the Trustee from amounts on deposit in the Trust Account by wire transfer if and when the Company consummates an Initial Business Combination.

More Definitions of Deferred Discount

Deferred Discount has the meaning set forth in the Trust Agreement.

Deferred Discount means deferred underwriting discounts and commissions in connection with the initial public offering of Buyer’s units payable by Buyer to the Underwriters upon consummation of the Purchase and Sale Transaction.

Deferred Discount has the meaning specified in the Underwriting Agreement.

Deferred Discount shall have the meaning set forth in subsection 5.4(b) of this Agreement.

Deferred Discount means deferred underwriting commissions of $25,357,500 in the aggregate, which will be payable upon consummation of an initial business combination.

Deferred Discount means the $18,375,000 underwriting fee that GHV will pay to the underwriters upon the completion of the Merger.