Examples of Private Placement Units Purchase Agreement in a sentence
The Company and the Sponsor have executed and delivered a Private Placement Units Purchase Agreement the form of which is annexed as an exhibit to the Registration Statement (the “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 Units to be sold to the Sponsor as provided in the Purchase Agreement.
The Private Placement Units Purchase Agreement has been duly authorized, executed and delivered by the Company and the Sponsor, and is a valid and binding agreement of the Company and the Sponsor, enforceable against the Company and the Sponsor in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.
The Sponsor has executed and delivered a Private Placement Units Purchase Agreement, the form of which is filed as an exhibit to the Registration Statement (the “Private Placement Units 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 Units and the Option Placement Units as provided for in such Private Placement Units Purchase Agreement.
Simultaneously with the Closing Date, the Sponsor will purchase from the Company pursuant to the Private Placement Units Purchase Agreement, an additional 16,875 Placement Units (the “Option Placement Units”) at a purchase price of $10.00 per Option Placement Unit in a private placement intended to be exempt from registration under the Act pursuant to Section 4(a)(2) of the Act.
On the Closing Date and the Option Closing Date, as applicable, the Placement Units and Option Placement Units have been purchased as provided for in the Private Placement Units Purchase Agreement and the requisite portion of the purchase price for such securities specified herein and therein shall be deposited into the Trust Account.
The Company shall not amend, modify or otherwise change the Trust Agreement, the Registration Rights Agreement, the Rights Agreement, the Private Placement Units Purchase Agreement or the Insider Letter without the prior written consent of the Representative which will not be unreasonably withheld.