Purchase and Sale of the Private Placement Units Sample Clauses
Purchase and Sale of the Private Placement Units. The undersigned hereby commits to purchase an aggregate of 125,000 Private Placement Units of the Company (“Initial Units”) at $10.00 per Initial Unit for an aggregate purchase price of $1,250,000 (the “Initial Purchase Price”). Additionally, if the underwriters in the IPO (“Underwriters”) exercise their over-allotment option in full or in part, the undersigned further commits to purchase up to an additional 10,714 Private Placement Units (“Additional Units”) at $10.00 per Additional Unit, for an aggregate purchase price of up to $107,140 (the “Over-Allotment Purchase Price” and together with the Initial Purchase Price, the “Purchase Price”). On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 125,000 Initial Units for the Initial Purchase Price. On the IPO Closing Date, the Initial Purchase Price shall be paid to the Company and the Company shall effect delivery of the Initial Units to the undersigned (or its designees) in book-entry form. On the date of the consummation of the closing of the over-allotment option in connection with the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (each such date, an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the IPO Closing Date being sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to an aggregate of 10,714 Additional Units, in the same proportion as the amount of the over-allotment option that is exercised, at a price of $10.00 per unit for the Over-Allotment Purchase Price. On the Over-allotment Closing Date, the Over-Allotment Purchase Price shall be paid to the Company and the Company shall effect delivery of the Additional Units to the undersigned (or its designees) in book-entry form.
Purchase and Sale of the Private Placement Units. (i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 275,000 private placement units (or 316,250 private placement units if the underwriter’s over-allotment option is exercised in full) at a price of $10.00 per unit for an aggregate purchase price of $2,750,000 (or $3,162,500 if the underwriter’s over-allotment option is exercised in full) (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one business day prior to the Closing Date in accordance with the Company’s wiring instructions. On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Units purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.
Purchase and Sale of the Private Placement Units. (i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 400,000 Private Placement Units at a price of $10.00 per unit for an aggregate purchase price of $4,000,000 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one business day prior to the Closing Date in accordance with the Company’s wiring instructions. On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Units purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.
Purchase and Sale of the Private Placement Units. Upon the terms and subject to the conditions of this Agreement, on the date of the consummation of Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Purchaser 400,000 Private Placement Units at a price per unit of $10.00 for an aggregate purchase price of $4,00,000 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one business day prior to the Closing Date in accordance with the Company’s wiring instructions. On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company shall, at its option, deliver to the Purchaser the certificates representing the Private Placement Units purchased or effect such delivery in book-entry form.
Purchase and Sale of the Private Placement Units. Simultaneously with the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 1,210,000 Private Placement Units at a price of $10.00 per Unit for an aggregate purchase price of $12,100,000 (the “Purchase Price”). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the trust account maintained by Continental Stock Transfer & Trust Company acting as trustee, on the Closing Date of the Public Offering. On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Units purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.
Purchase and Sale of the Private Placement Units. Upon the terms and subject to the conditions of this Agreement, on the date of the consummation of Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Purchaser 364,750 Private Placement Units (or up to 391,000 Private Placement Units if the underwriters’ over-allotment option is exercised in full) at a price per unit of $10.00 for an aggregate purchase price of $3,647,500 (or $3,921,500 if the underwriters’ over-allotment option is exercised in full) (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one business day prior to the Closing Date in accordance with the Company’s wiring instructions. On the Initial Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company shall, at its option, deliver to the Purchaser the certificates representing the Private Placement Units purchased or effect such delivery in book-entry form.
Purchase and Sale of the Private Placement Units. (i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 175,000 Private Placement Units (including if the underwriter’s over-allotment option is exercised), at a price of $10.00 per unit, or $1,750,000 in the aggregate (including if the underwriter’s over-allotment option is exercised) (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one business day prior to the Closing Date in accordance with the Company’s wiring instructions. On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Units purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.
Purchase and Sale of the Private Placement Units. On the date of the consummation of the Public Offering (the “Closing Date”) or on such earlier date as may be mutually agreed by the Purchaser and the Company, the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 480,000 Private Placement Units (or 525,000 Private Placement Units if the underwriters exercise their over-allotment option in full) at a price of $10.00 per Unit for an aggregate purchase price of $4,800,000 (or $5,250,000 if the underwriters exercise their over-allotment option in full (the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds in the following amounts: (i) $1,800,000 to the Company at a financial institution to be chosen by the Company, and (ii) $3,000,000 to the trust account maintained by Wilmington Trust, National Association, acting as trustee (the “Trust Account”), in each case in accordance with the Company’s wiring instructions, at least one (1) business day prior to the Closing Date. On the Closing Date, subject to the receipt of funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a certificate evidencing the Private Placement Units purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.
Purchase and Sale of the Private Placement Units. (i) On the date of the consummation of the Public Offering (the “Closing Date”), the Company shall issue and sell to each Purchaser, and each Purchaser shall purchase, severally and not jointly, from the Company, the number of Private Placement Units set forth oposite its name on Schedule 1 at a price of $10.00 per Private Placement Unit for an aggregate purchase price of $35,000,000 (the “Purchase Price”). Each Purchaser shall pay, severally and not jointly, its portion of the Purchase Price for the Private Placement Units to the trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee, in each case in accordance with the Company’s wiring instructions, at least one (1) business day prior to the Closing Date. On the Closing Date, subject to the receipt of funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a certificate evidencing the Private Placement Units purchased by each Purchaser on such date duly registered in each Purchaser’s name to each Purchaser or effect such delivery in book-entry form.
Purchase and Sale of the Private Placement Units. (i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 200,000 Private Placement Units at a price of $10.00 per unit for an aggregate purchase price of $2,000,000 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions at least one business day prior to the date of effectiveness of the registration statement on Form S-1 (File No. 333-253867) filed in connection with the Public Offering. On the Closing Date, the Company, shall either, at its option, deliver certificates evidencing the Private Placement Units purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.
(ii) The obligation of the Purchaser to purchase and pay for the Private Placement Units as provided herein shall be subject to the satisfaction of the conditions set forth in Section [•] of the Underwriting Agreement, dated the date hereof, by and between the Company and Cantor ▇▇▇▇▇▇▇▇▇▇ & Co., as representative of the underwriters named therein (the “Underwriting Agreement”).