Committed Purchase Clause Samples
Committed Purchase. At any time subsequent to the date of the consummation of the IPO (but in no event later than immediately prior to the Business Combination Closing), the Purchasers shall purchase in the aggregate no less than $1,000,000,000 of Forward Purchase Units (50,000,000 Forward Purchase Units) (the “Committed Purchase”). The Committed Purchase shall be effectuated, at the Purchasers’ election, in one or more private placements of Forward Purchase Units. The closing of any such private placement (other than if occurring immediately prior to the Business
Committed Purchase. Immediately prior to the Business Combination Closing, the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of $100,000,000 of Forward Purchase Units (10,000,000 Forward Purchase Units) (the “Committed Purchase”) upon written notice from the Company to the Purchaser specifying instructions for wiring the Committed Purchase Price and the anticipated date of Business Combination Closing, as promptly as practicable after the date hereof and no later than five (5) business days prior to such time as any definitive agreement with respect to a Business Combination is executed by the Company (a “Committed Purchase Election Notice”). The obligation to consummate the Committed Purchase set forth in this Section 1(a)(i) shall not be assignable or transferable by the Purchaser.