Forward Purchase Units Sample Clauses

Forward Purchase Units. (i) Subject to Sections 1(a)(ii), (iii) and (iv), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to a maximum of 5,000,000 Forward Purchase Units (the “Maximum Units”) for a purchase price of $10.00 per Forward Purchase Unit (the “Forward Purchase Price”), or up to a maximum of $50,000,000 in the aggregate. Each Forward Purchase Warrant will have the same terms as each Private Placement Warrant, and will be subject to the terms and conditions of the Warrant Agreement to be entered into between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, in connection with the IPO, mutatis mutandis.
AutoNDA by SimpleDocs
Forward Purchase Units. (i) The Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, the number of Forward Purchase Shares set forth on the signature page to this Agreement next to the line item “Number of Forward Purchase Shares,” plus the number of Forward Purchase Warrants set forth on the signature page to this Agreement next to the line item “Number of Forward Purchase Warrants,” for an aggregate purchase price of $10.00 multiplied by the number of Forward Purchase Units issued and sold hereunder (the “FPU Purchase Price”). No fractional Forward Purchase Warrants will be issued.
Forward Purchase Units. (i) Subject to the terms and conditions set forth herein, the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 5,000,000 Forward Purchase Units for a purchase price of $10.00 per Forward Purchase Unit (the “Forward Purchase Price”), or $50,000,000 in the aggregate.
Forward Purchase Units. (i). 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 $250,000,000 of Forward Purchase Units (25,000,000 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.
Forward Purchase Units. (i) Subject to Sections 1(a)(ii), (iii) and (iv), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, at least 10,000,000 Forward Purchase Units (the “Minimum Units”) and, at the option of the Purchaser, up to an aggregate maximum of 30,000,000 Forward Purchase Units (the “Maximum Units”), for a purchase price of $10.00 per Forward Purchase Unit (the “Forward Purchase Price”), or a minimum of $100,000,000 in the aggregate or up to a maximum of $300,000,000 in the aggregate. Each Forward Purchase Warrant will have the same terms as each Private Placement Warrant, and will be subject to the terms and conditions of the Warrant Agreement to be entered into between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, in connection with the IPO, mutatis mutandis.
Forward Purchase Units. (i) Subject to Sections 1(a)(ii), (iii) and (iv), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 4,500,000 Forward Purchase Units for a purchase price of $10.00 USD per Forward Purchase Unit (the aggregate purchase price, the “Forward Purchase Price”).
Forward Purchase Units. (i) Subject to Sections 1(a)(ii), (iii) and (iv), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to a maximum of 10,000,000 Forward Purchase Units (the “Maximum Units”) for a purchase price of $10.00 per Forward Purchase Unit (the “Forward Purchase Price”), or up to a maximum of $100,000,000 in the aggregate. Each Forward Purchase Warrant and its underlying Series A Share will have the same terms as the Warrants and their underlying Series A Shares to be issued in the IPO. Each Forward Purchase Warrant will be subject to the terms and conditions of the Warrant Agreement to be entered into between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, in connection with the IPO.
AutoNDA by SimpleDocs
Forward Purchase Units. (i) Subject to Sections 1(a)(ii), (iii) and (iv), the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, in the aggregate, 14,000,000 Forward Purchase Units, or such lesser amount calculated in accordance with Section 1(a)(ii) below, for a purchase price of $10.00 per Forward Purchase Unit. Each Forward Purchase Warrant will have the same terms as each Warrant sold as part of the public units in the IPO, and will be subject to the terms and conditions of the Warrant Agreement to be entered into between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, in connection with the IPO (the “Warrant Agreement”), mutatis mutandis. Each Forward Purchase Warrant will entitle the holder thereof to purchase one Class A Share at a price of $11.50 per share, subject to adjustment as described in the Warrant Agreement and only whole Forward Purchase Warrants will be exercisable. The Forward Purchase Warrants will become exercisable on the later of 30 days after the Business Combination Closing and 12 months from the IPO Closing, and will expire five years after the Business Combination Closing or earlier upon redemption or the liquidation of the Company, as described in the Warrant Agreement.
Forward Purchase Units. (i) The Company shall issue and sell to the Purchasers, severally and not jointly, and the Purchasers shall purchase from the Company, at a price of $10.00 per one Forward Purchase Share and one-third of one Forward Purchase Warrant (a “Forward Purchase Unit”), an aggregate of 2,500,000 Forward Purchase Units for an aggregate purchase price of $25,000,000 (the “FPU Purchase Price”), with the allocation of the Forward Purchase Units among the Purchasers to be determined by the Adviser, in its sole discretion (the “Adviser Allocation”). Each Forward Purchase Unit and its underlying securities will have the same terms as the private placement units and their underlying securities to be issued under the Unit Subscription Agreement substantially in the form attached as Exhibit 10.8 to the Registration Statement, in connection with the IPO. Each Forward Purchase Warrant will be subject to the terms and conditions of the Warrant Agreement to be entered into between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, in connection with the IPO.
Forward Purchase Units. The Forward Purchase Units have been duly authorized and when issued and delivered against payment by the Lux Ventures VI Entities pursuant to the Forward Purchase Agreement, will be validly issued. The Forward Purchase Shares have been duly authorized and, when issued and delivered against payment therefor by the Lux Ventures VI Entities pursuant to the Forward Purchase Agreement, will be validly issued, fully paid and nonassessable and will not be subject to any preemptive or other similar contractual rights granted by the Company. The holders of such Forward Purchase Shares will not be subject to personal liability by reason of being such holders; and all corporate action required to be taken for the authorization, issuance and sale of the Forward Purchase Shares (other than such execution, countersignature and delivery at the time of issuance) has been duly and validly taken. The Forward Purchase Warrants have been duly authorized and, when issued and delivered in the manner set forth in the Warrant Agreement against payment therefor by the Lux Ventures VI Entities pursuant to the Forward Purchase Agreement, will be validly 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 creditors’ rights generally from time to time in effect and by equitable principles of general applicability.
Time is Money Join Law Insider Premium to draft better contracts faster.