Deferred Underwriting Commission definition

Deferred Underwriting Commission means the deferred underwriting commission payable upon the consummation of the Transactions from the Trust Account to the underwriters of PC3’s initial public offering.

Deferred Underwriting Commission has the meaning specified in Recital E;

Deferred Underwriting Commission has the meaning ascribed to such term in the Underwriting Agreement, dated February 25, 2021, by and among ARYA, Xxxxxxx Xxxxx & Co. LLC and Xxxxxxxxx LLC

Examples of Deferred Underwriting Commission in a sentence

• For the avoidance of doubt, any such election by an Underwriter shall be without prejudice to any right or claim of any other Underwriter to its respective portion of the Deferred Underwriting Commission or to any other right such Underwriter may have under this Agreement.

• The Representative shall have the right to agree to any further modifications to the Deferred Underwriting Commission on behalf of the Underwriters and any decisions relating to such modifications shall be made exclusively by the Representative on behalf of the Underwriters.

• The Company has received waivers from all vendors and service providers to all claims on amounts in the Trust Account which are to be distributed to the Company’s shareholders in accordance with the terms of the Trust Agreement, except for (i) Withum and (ii) the Representative with respect to the Deferred Underwriting Commission.

• 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 Underwriting Commission.

• The funds deposited in the Trust Account shall include an aggregate of $8,000,000 ($0.40 per Firm Unit), payable to the Representative as Deferred Underwriting Commission, in accordance with Section 1.3 hereof.

• In connection with any such liquidation, the Underwriters forfeit any rights or claims to the Deferred Underwriting Commission.

• Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Underwriters, in accordance with Section 1.3.

• The funds deposited in the Trust Account shall include an aggregate of $1,500,000 ($0.30 per Firm Unit), payable to the Underwriters as Deferred Underwriting Commission, in accordance with Section 1.3 hereof.

• Subject to Section 1.3, upon the consummation of the initial Business Combination, the Company and the Underwriters shall jointly direct the Trustee to pay the Underwriters the Deferred Underwriting Commission out of the proceeds of the Offering held in the Trust Account.

• If the Company fails to consummate its initial Business Combination within the time period provided in the Company’s Amended and Restated Certificate of Incorporation (as such time period may be amended), the Deferred Underwriting Commission will not be paid to the Underwriters and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public Shareholders.

More Definitions of Deferred Underwriting Commission

Deferred Underwriting Commission means the deferred underwriting commission payable pursuant to the underwriting agreement entered into by the Company in connection with IPO;

Deferred Underwriting Commission has the meaning ascribed to such term in the Underwriting Agreement, dated October 19, 2020, by and between Buyer and Xxxxx Fargo Securities.

Deferred Underwriting Commission means the deferred fees owed to the underwriters in connection with Purchaser’s IPO which is in the amount of $690,000 and payable upon consummation of a Business Combination.

Deferred Underwriting Commission means the aggregate amount of the “Deferred Underwriting Commission” as such term is defined in the Underwriting Agreement.

Deferred Underwriting Commission has the meaning set forth in the Underwriting Agreement.