Deferred Underwriting Commission. The Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 3 contracts
Sources: Underwriting Agreement (Haymaker Acquisition Corp.), Underwriting Agreement (Haymaker Acquisition Corp.), Underwriting Agreement (Haymaker Acquisition Corp.)
Deferred Underwriting Commission. The Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,575,000) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Representative (on behalf of the Underwriters) for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CSTCST&T, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 3 contracts
Sources: Underwriting Agreement (Banyan Acquisition Corp), Underwriting Agreement (Atlantic Coastal Acquisition Corp.), Underwriting Agreement (Atlantic Coastal Acquisition Corp.)
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,00012,250,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 2,887,500), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 2 contracts
Sources: Underwriting Agreement (Epiphany Technology Acquisition Corp.), Underwriting Agreement (Epiphany Technology Acquisition Corp.)
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0005,250,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 787,500), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative it shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 2 contracts
Sources: Underwriting Agreement (PropTech Acquisition Corp), Underwriting Agreement (PropTech Acquisition Corp)
Deferred Underwriting Commission. The Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0005,250,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000787,500) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Representative (on behalf of the Underwriters) for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CSTCST&T, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.
Appears in 2 contracts
Sources: Underwriting Agreement (Thrive Acquisition Corp), Underwriting Agreement (Thrive Acquisition Corp)
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0008,400,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,260,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇F▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor F▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 2 contracts
Sources: Underwriting Agreement (Tribe Capital Growth Corp I), Underwriting Agreement (Tribe Capital Growth Corp I)
Deferred Underwriting Commission. The Representative agrees that 3.53.0% of the gross proceeds from the sale of the Firm Units ($10,500,0009,000,000) and 5.55.0% of the gross proceeds from the sale of the Option Units (up to $2,475,0002,250,000) (collectively, the “Deferred Underwriting Commission”) will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Representative for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 2 contracts
Sources: Underwriting Agreement (Matlin & Partners Acquisition Corp), Underwriting Agreement (Matlin & Partners Acquisition Corp)
Deferred Underwriting Commission. The Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0003,500,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 525,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account the Representative in cash upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CSTCST&T, as the trustee of the Trust Account (in this context, the “Trustee”)Account, commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.
Appears in 2 contracts
Sources: Underwriting Agreement (Indigo Acquisition Corp.), Underwriting Agreement (Indigo Acquisition Corp.)
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,00017,500,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 4,125,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Representatives for its their own account accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees Representatives agree that: (i) the Representative Representatives shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 2 contracts
Sources: Underwriting Agreement (E.Merge Technology Acquisition Corp.), Underwriting Agreement (E.Merge Technology Acquisition Corp.)
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) ), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 2 contracts
Sources: Underwriting Agreement (GX Acquisition Corp. II), Underwriting Agreement (GX Acquisition Corp. II)
Deferred Underwriting Commission. The Representative agrees Representatives agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0002,625,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000393,750) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Representatives (on behalf of the Underwriters) for its their own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CSTCST&T, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees Representatives agree that: (i) the Representative Representatives shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.
Appears in 1 contract
Sources: Underwriting Agreement (Counter Press Acquisition Corp)
Deferred Underwriting Commission. The Representative agrees that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0008,400,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,260,000) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Representative (on behalf of the Underwriters) for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CSTCST&T, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,000,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,050,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇F▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor F▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Sources: Underwriting Agreement (Tribe Capital Growth Corp I)
Deferred Underwriting Commission. The Representative agrees that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0006,000,000) and 5.56.0% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,350,000) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,000,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,050,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0006,000,000) and 5.56.0% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,350,000) (collectively, the “"Deferred Underwriting Commission”") will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s 's initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “"Trustee”"), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0008,400,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,260,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account the Representative upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Sources: Underwriting Agreement (Adit EdTech Acquisition Corp.)
Deferred Underwriting Commission. The Representative Underwriter agrees that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0007,000,000) and 5.56.0% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,575,000) (collectively, the “Deferred Underwriting Commission”) will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Underwriter for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Underwriter agrees that: (i) the Representative Underwriter shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0008,750,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 2,062,500), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Underwriters for its their own account accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees Underwriters agree that: (i) the Representative they shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,000,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,050,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative it shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.55.0% of the gross proceeds from the sale of the Firm Units ($10,500,0006,750,000) and 5.57.0% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,417,500), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0004,550,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,072,500) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,00018,270,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 4,306,500), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Representatives for its their own account accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees Representatives agree that: (i) the Representative Representatives shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Sources: Underwriting Agreement (E.Merge Technology Acquisition Corp.)
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,700,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,155,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative it shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0008,750,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,312,500), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. 1.3.1 The Representative agrees Underwriters agree that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0007,200,000) and 5.56.0% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,620,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Representative for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,000,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,650,000) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.
Appears in 1 contract
Sources: Underwriting Agreement (Thunder Bridge Acquisition LTD)
Deferred Underwriting Commission. The Representative agrees that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0008,000,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,200,000) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Representative (on behalf of the Underwriters) for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CSTCST&T, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,875,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,856,250) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.
Appears in 1 contract
Sources: Underwriting Agreement (Thunder Bridge Acquisition LTD)
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0006,000,000) and 5.54.0% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 900,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative it shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Sources: Underwriting Agreement (Stable Road Acquisition Corp.)
Deferred Underwriting Commission. The Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,875,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,181,250) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Representative (on behalf of the Underwriters) for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CSTCST&T, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission, including any accrued interest thereon; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0008,750,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,312,500), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.
Appears in 1 contract
Sources: Underwriting Agreement (Falcon Peak Acquisition Corp.)
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.55.0% of the gross proceeds from the sale of the Firm Units ($10,500,0006,250,000) and 5.57.0% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,312,500), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0005,250,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 787,500), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account the Representatives as provided in Schedule B hereto upon consummation of the Company’s initial Business Combination. In the event that If the Company is unable to consummate a Business Combination and CSTCST&T, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees Representatives agree that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Sources: Underwriting Agreement (Dorchester Capital Acquisition Corp.)
Deferred Underwriting Commission. The Representative Underwriter agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) ), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Underwriter for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Underwriter agrees that: (i) the Representative Underwriter shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Sources: Underwriting Agreement (Haymaker Acquisition Corp. II)
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0008,400,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,260,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Sources: Underwriting Agreement (26 Capital Acquisition Corp.)
Deferred Underwriting Commission. The Representative Underwriter agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,00012,250,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 2,887,500), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Underwriter for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Underwriter agrees that: (i) the Representative Underwriter shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Sources: Underwriting Agreement (Haymaker Acquisition Corp. II)
Deferred Underwriting Commission. The Representative agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000) 1,575,000), if any (collectively, the “Deferred Underwriting Commission”) ), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative Cantor ▇▇▇▇▇▇▇▇▇▇ agrees that: (i) the Representative shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract
Deferred Underwriting Commission. The Representative agrees that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0006,000,000) and 5.56.0% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,350,000) (collectively, the “Deferred Underwriting Commission”) will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to Cantor ▇▇▇▇▇▇▇▇▇▇ the Representative for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.
Appears in 1 contract