Common use of Private Placement Units Clause in Contracts

Private Placement Units. At least one (1) business day prior to the effective date of the Registration Statement, the Sponsor and at least one (1) business day prior to the Initial Closing Date, C▇▇▇▇ Investments shall have caused its respective purchase price for the Private Placement Units to be deposited into the Trust Account such that upon payment for the Public Units pursuant to this Agreement, the amount of cash in the Trust Account (without giving effect to any income earned thereon) will equal $10.10 per Public Unit outstanding as of the Initial Closing Date. All opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Underwriters.

Private Placement Units. At least one (1) business day prior to the effective date of the Registration Statement, the Sponsor and at least one (1) business day prior to the Initial Closing Date, C▇▇▇▇ Investments shall have caused its respective purchase price for the Private Placement Units to be deposited into the Trust Account such that upon payment for the Public Units pursuant to this Agreement, the amount of cash in the Trust Account (without giving effect to any income earned thereon) will equal $10.10 10.00 per Public Unit outstanding as of the Initial Closing Date. All opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Underwriters.