Examples of Deferred Underwriting Commissions in a sentence
The LA acknowledges that the Raine’s 6th Form was previously a strength; however the decline in numbers across the school and particularly in Year 7 has meant that the numbers of students progressing to the Raine’s 6th Form have also significantly fallen.
The Company agrees that the Target Business that it acquires must have a fair market value equal to at least 80% of the assets held in the Trust Account at the time of signing the definitive agreement for the Business Combination with such Target Business (excluding taxes payable and the Deferred Underwriting Commissions).
On August 15, 2017, the settlement date of the Initial Public Offering, the Company obtained the amount of $650,016,589 in proceeds (including the Deferred Underwriting Commissions, as defined in Note 6) from the Initial Public Offering and deposited them into an escrow account at Citibank N.A. London Branch, acting as escrow agent.
The parties agree that Cantor Fitzgerald may, in its sole discretion, on behalf of itself and all the Underwriters, agree to reduce the amount of the Deferred Underwriting Commissions and/or make any other concessions.
On August 15, 2017, the settlement date of the Initial Public Offering, the Company obtained the amount of$650,016,589 in proceeds (including the Deferred Underwriting Commissions, as defined in Note 6) from the Initial Public Offering and deposited them into an escrow account at Citibank N.A. London Branch, acting as escrow agent.
The Company agrees that, so long as the Company is listed on an exchange, the Target Business that it acquires must have a fair market value equal to at least 80% of the balance in the Trust Account at the time of signing the definitive agreement for the Business Combination with such Target Business (excluding taxes payable and the Deferred Underwriting Commissions).
The Deferred Underwriting Commissions may be reduced in the Company’s sole discretion proportionally based on the number of Firm Units redeemed in connection with the Business Combination, but in no event greater than 50% of the Deferred Underwriting Commission.
HMA reserves the right to assign, move, or relocate Exhibitors to a new location in the Show’s best interests.