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

• 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 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.

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

• 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 Representative, in accordance with Section 1.3.

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

• The Deferred Underwriting Commission is due and payable only to Chardan.

• The funds deposited in the Trust Account shall include an aggregate of $3,500,000 ($0.35 per Firm Unit), payable to the Underwriters as Deferred Underwriting Commission, in accordance with Section 1.3 hereof.

• The amount to be deposited in the Trust Account will include $0.35 per Option Unit (up to $525,000), payable to the Underwriters, as Deferred Underwriting Commission, in accordance with Section 1.3 hereof.

• 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 Representative, in accordance with Section 1.3. The Representative 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 Representative 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.

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 September 10, 2019, by and between Buyer and BTIG, LLC.

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.