Common use of Deferred Underwriting Commission Clause in Contracts

Deferred Underwriting Commission. The Underwriter agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter agrees that: (i) the Underwriter shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.55.0% of the gross proceeds from the sale of the Firm Units ($10,500,0006,250,000) and 5.57.0% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,312,500), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter for its own account Cantor Xxxxxxxxxx upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Xxxxxxxxxx agrees that: (i) the Underwriter shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,700,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,155,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Cantor Xxxxxxxxxx for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Xxxxxxxxxx agrees that: (i) the Underwriter it shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,00010,675,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0002,516,250), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Underwriters for its their own account accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter agrees Underwriters agree that: (i) the Underwriter Underwriters shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,000,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,050,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter for its own account Cantor Xxxxxxxxxx upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Xxxxxxxxxx agrees that: (i) the Underwriter shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter Representative agrees that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0006,000,000) and 5.56.0% of the gross proceeds from the sale of the Option Units (up to $2,475,000), if any 1,350,000) (collectively, the “Deferred Underwriting Commission”), ) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Cantor Xxxxxxxxxx for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Representative agrees that: (i) the Underwriter Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0008,400,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,260,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter for its own account Cantor Xxxxxxxxxx upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Xxxxxxxxxx agrees that: (i) the Underwriter shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0008,750,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,312,500), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Cantor Xxxxxxxxxx for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Xxxxxxxxxx agrees that: (i) the Underwriter shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.

Deferred Underwriting Commission. 1.3.1 The Underwriter agrees Underwriters agree that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0007,200,000) and 5.56.0% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,620,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Representative for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Representative agrees that: (i) the Underwriter Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.55.0% of the gross proceeds from the sale of the Firm Units ($10,500,0006,750,000) and 5.57.0% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,417,500), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter for its own account Cantor Xxxxxxxxxx upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Xxxxxxxxxx agrees that: (i) the Underwriter shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0008,750,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,312,500), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Cantor Xxxxxxxxxx for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Xxxxxxxxxx agrees that: (i) the Underwriter shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0004,550,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000), if any 1,072,500) (collectively, the “Deferred Underwriting Commission”), ) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Cantor Xxxxxxxxxx for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Representative agrees that: (i) the Underwriter Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0008,750,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0002,062,500), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Underwriters for its their own account accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter agrees Underwriters agree that: (i) the Underwriter they shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,000,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,050,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Cantor Xxxxxxxxxx for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Xxxxxxxxxx agrees that: (i) the Underwriter shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,00012,250,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0002,887,500), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter agrees that: (i) the Underwriter shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter Representative agrees that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,875,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,000), if any 1,856,250) (collectively, the “Deferred Underwriting Commission”), ) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Cantor Xxxxxxxxxx for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Representative agrees that: (i) the Underwriter Representative shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public StockholdersShareholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0009,625,000) and 5.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0002,268,750), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Underwriters for its their own account accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter agrees Underwriters agree that: (i) the Underwriter Underwriters shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,000,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,050,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Cantor Xxxxxxxxxx for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Xxxxxxxxxx agrees that: (i) the Underwriter it shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0007,000,000) and 5.56.0% of the gross proceeds from the sale of the Option Units (up to $2,475,000), if any 1,575,000) (collectively, the “Deferred Underwriting Commission”), ) will be deposited in and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter agrees that: (i) the Underwriter shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0006,000,000) and 5.54.0% of the gross proceeds from the sale of the Option Units (up to $2,475,000900,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Underwriters for its their own account accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter agrees Underwriters agree that: (i) the Underwriter Underwriters shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,575,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Cantor Xxxxxxxxxx for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Xxxxxxxxxx agrees that: (i) the Underwriter shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.54.0% of the gross proceeds from the sale of the Firm Units ($10,500,0006,000,000) and 5.54.0% of the gross proceeds from the sale of the Option Units (up to $2,475,000900,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Cantor Xxxxxxxxxx for its own account accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Xxxxxxxxxx agrees that: (i) the Underwriter it shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

Deferred Underwriting Commission. The Underwriter agrees Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($10,500,0007,000,000) and 5.53.5% of the gross proceeds from the sale of the Option Units (up to $2,475,0001,050,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriter Cantor Fxxxxxxxxx for its own account upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriter Cantor Fxxxxxxxxx agrees that: (i) the Underwriter shall forfeit any all rights or claims to the Deferred Underwriting CommissionCommission shall be forfeited; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.