Option Units Sample Clauses

Option Units. The Representative is hereby granted an option (the “Over-allotment Option”) to purchase up to an additional 1,500,000 units (the “Option Units”), the gross proceeds of which will be deposited in the Trust Account, for the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units. Such Option Units shall be identical in all respects to the Firm Units. Such Option Units shall be purchased for each account of the several Underwriters in the same proportion as the number of Firm Units, set forth opposite such Underwriter’s name on Schedule A hereto, bears to the total number of Firm Units (subject to adjustment by the Representative to eliminate fractions). The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and Warrants included in the Units, and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” No Option Units shall be sold or delivered unless the Firm Units previously have been, or simultaneously are, sold and delivered. The right to purchase the Option Units, or any portion thereof, may be exercised from time to time and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Representative to the Company. The purchase price to be paid for each Option Unit will be the same price per Firm Unit set forth in Section 1.1.1 hereof.
Option Units. For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 450,000 units from the Company ("Over-allotment Option"). Such additional 450,000 units are hereinafter referred to as "Option Units." The Firm Units and the Option Units are hereinafter collectively referred to as the "Units," and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the "Public Securities." The purchase price to be paid for the Option Units will be the same price per Option Unit as the price per Firm Unit set forth in Section 1.1.1 hereof.
Option Units. For the purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 750,000 units from the Company (the “Over-allotment Option”). Such additional 750,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units”. The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and the Rights included in the Units and the shares of Common Stock issuable upon conversion of the Rights are hereinafter referred to collectively as the “Public Securities”. The purchase price to be paid for the Option Units (net of discounts and commissions, including the Deferred Underwriting Commission described in Section 1.3.1 below) will be $9.50 per Option Unit. The Option Units are to be offered initially to the public at the offering price of $10.00 per Option Unit.
Option Units. In addition, on the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company hereby grants an option to the Underwriters, severally and not jointly, to purchase up to an additional 2,500,000 Units at the price per unit set forth in Schedule B, less an amount per unit equal to any dividends or distributions declared by the Company and payable on the Initial Units but not payable on the Option Units. The option hereby granted will expire 45 days after the date hereof and may be exercised in whole or in part from time to time only for the purpose of covering overallotments which may be made in connection with the offering and distribution of the Initial Units upon notice by the Representative to the Company setting forth the number of Option Units as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Units. Any such time and date of delivery (a “Date of Delivery”) shall be determined by the Representative, but shall not be later than seven full business days after the exercise of said option, nor in any event prior to the Closing Time, as hereinafter defined. If the option is exercised as to all or any portion of the Option Units, each of the Underwriters, acting severally and not jointly, will purchase that proportion of the total number of Option Units then being purchased which the number of Initial Units set forth in Schedule A opposite the name of such Underwriter bears to the total number of Initial Units, subject in each case to such adjustments as FTN in its discretion shall make to eliminate any sales or purchases of fractional shares.
Option Units. For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Company hereby grants to the Underwriters an option to purchase either (i) up to [•] additional Units, representing fifteen percent (15%) of the Firm Units sold in the offering, from the Company or (ii) if the Separation Date (as hereinafter defined) occurs prior to the 45th day after the Effective Date, up to [•] additional Ordinary Shares, representing fifteen percent (15%) of the Ordinary Shares included in the Firm Units sold in the offering and/or up to [•] additional Warrants, representing fifteen percent (15%) of the Warrants included in the Firm Units sold in the offering (in the case of (i) or (ii), the “Over-allotment Option”). Such [•] additional Units, the net proceeds of which will be deposited with the Company’s account, are hereinafter referred to as “Option Units”, such [•] additional Ordinary Shares, the net proceeds of which will be deposited with the Company’s account, are hereinafter referred to as “Option Shares” and such [•] additional Warrants, the net proceeds of which will be deposited with the Company’s account, are hereinafter referred to as “Option Warrants”. The purchase price to be paid per Option Unit shall be equal to the price per Firm Unit set forth in Section 1.1.1 hereof. The purchase price to be paid per Option Share shall be $____ and the purchase price per Option Warrant shall be $___. The Firm Units, the Option Units, the Option Shares and the Option Warrants are hereinafter referred to together as the “Public Securities.” The Option Units, the Option Shares and the Option Warrants shall be collectively referred to herein as the “Option Securities”. The offering and sale of the Public Securities is hereinafter referred to as the “Offering.” For purposes of this Agreement, the term “Separation Date” shall mean the earlier of (i) the 45th day after the Effective Date or (ii) such earlier date as may be specified to us in a notice provided by the Representative.
Option Units. For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Representative on behalf of the Underwriters are hereby granted an option to purchase Option Units in an amount of up to an additional 15% of the number of Firm Units, to be offered by the Company in the Offering (the “Over-allotment Option”). The purchase price to be paid for the Option Units subject to the Over-allotment Option will be $ per Option Unit (net of discounts and commissions).
Option Units. For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Representative on behalf of the Underwriters is hereby granted an option to purchase up to an additional 15% of the number of Shares and Warrants in the Firm Units, or an aggregate of _______ shares of Common Stock and accompanying Warrants (collectively, the “Option Units”), to be offered by the Company in the Offering (the “Over-allotment Option”). The shares of Common Stock, and the Warrants underlying the Firm Units and the Option Units, and the shares of Common Stock underlying the Warrants, are hereinafter collectively referred to as the “Securities”. The purchase price to be paid for the securities underlying the Option Units (net of discounts and commissions) will be $___ per Option Unit.
Option Units. Any Option Units to be purchased by each Underwriter hereunder in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight hours’ prior written notice to the Partnership Parties shall be delivered by or on behalf of the Partnership Parties to the Representatives through the facilities of DTC for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer in immediately available funds to the account specified to the Representatives by the Partnership upon at least forty-eight hours’ prior written notice. The Partnership Parties will cause the certificates representing the Option Units to be made available for checking and packaging at least twenty-four hours prior to the Option Closing Time with respect thereto at the Designated Office. The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on the date specified by the Representatives in the notice given by the Representatives to the Partnership Parties of the Underwriterselection to purchase such Option Units or on such other time and date as the Partnership Parties and the Representatives may agree upon in writing.
Option Units. For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted an option to purchase up to an additional 225,000 Units ("Option Units") from the Company ("Over-allotment Option"). Each Option Unit is identical to a Firm Unit. The Firm Units and the Option Units are, together with the shares of Common Stock issuable upon exercise of the Warrants, hereinafter referred to collectively as the "Public Securities." The purchase price to be paid for the Option Units will be the same price per Option Unit as the price per Firm Unit set forth in Section 1.1.1 hereof.
Option Units. In addition, on the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Companies, acting severally and not jointly, hereby grant an option to the U.S. Underwriters, severally and not jointly, to purchase up to an additional 562,500 Units at the same price per Unit set forth in Schedule B for the Initial U.S.