Authorization of the Sponsor Warrants Sample Clauses

Authorization of the Sponsor Warrants. The Company has duly authorized the issuance and sale of the Sponsor Warrants to the Purchaser.
Authorization of the Sponsor Warrants. The Company has duly authorized the issuance and sale of the Sponsor Warrants to the Sponsor.
Authorization of the Sponsor Warrants. The Sponsor Warrants, when delivered upon the consummation of the Offering, will be duly executed, authenticated and issued, and will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditorsrights generally from time to time in effect and by equitable principles of general applicability.
Authorization of the Sponsor Warrants. The Company has duly authorized the issuance and sale of the Sponsor Warrants to the Purchaser.Section 1.02Purchase and Sale of the Sponsor Warrants.(a)As payment in full for the 5,666,667 Sponsor Warrants being purchased under this Agreement (less the number of GSAM Warrants sold to GSAM by the Company), Purchaser shall pay $8,500,000 (the “Purchase Price”) (less the value of GSAM Warrants paid by GSAM), by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the trust account (the “Trust Account”) at a financial institution to be chosen by the Company, maintained by J.P. Morgan Chase Bank, N.A. with American Stock Transfer & Trust Company, LLC, a New York Limited liability trust company, acting as trustee, at least one (1) business day prior to the date of effectiveness of the Registration Statement.(b)In the event that the over-allotment option is exercised in full or in part, Purchaser shall purchase up to an additional 600,000 Sponsor Warrants (the “Additional Sponsor Warrants”), in the same proportion as the amount of the over-allotment option that is exercised, and simultaneously with such purchase of Additional Sponsor Warrants, as payment in full for the Additional Sponsor Warrants being purchased hereunder, and at least one (1) business day prior to the closing of all or any portion of the over-allotment option, Purchaser shall pay $1.50 per Additional Sponsor Warrant, up to an aggregate amount of approximately $900,000, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the Trust Account.(c)The closing of the purchase and sale of the Sponsor Warrants shall take place simultaneously with the closing of the Public Offering (the “Initial Closing Date”). The closing of the purchase and sale of the Additional Sponsor Warrants, if applicable, shall take place simultaneously with the closing of all or any portion of the over-allotment option (such closing date, together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”). The closing of the purchase and sale of each of the Sponsor Warrants and the Additional Sponsor Warrants shall take place at the offices of Latham & Watkins LLP, 811 Main Street, Suite 3700, Houston, Texas 77002, or such other place as may be agreed upon by the parties hereto.Section 1.03Terms of the Sponsor Warrants.(a)The Sponsor Warrants shall have their terms set fort...
Authorization of the Sponsor Warrants. The Sponsor Warrants included in the Sponsor Units have been duly authorized by the Company and, when issued and delivered as part of the Sponsor Units in the manner set forth in the Sponsor Unit Purchase Agreement against payment therefor, will be duly issued and delivered, and will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditorsrights generally from time to time in effect and by equitable principles of general applicability.
Authorization of the Sponsor Warrants. The Company has authorized, and hereby ratifies such authorization by execution hereof, the issuance and sale to the Purchaser of an aggregate of 7,600,000 Sponsor Warrants. The terms of the Sponsor Warrants are set forth in the Warrant Agreement dated as of [__], 2008 (the “Warrant Agreement”) by and between the Company and Continental Stock Transfer & Trust Company (“Continental”).
Authorization of the Sponsor Warrants. The Company has duly authorized the issuance and sale of the Sponsor Warrants, and subject to the proper exercise of the Sponsor Warrants and against payment therefor, the Shares underlying such Sponsor Warrants, to the Purchaser.