Common use of Private Placement Proceeds Clause in Contracts

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim with evidence of the same.

Appears in 3 contracts

Samples: Underwriting Agreement (Pinpoint Advance CORP), Underwriting Agreement (Pinpoint Advance CORP), Underwriting Agreement (Pinpoint Advance CORP)

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Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 1,638,800 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim the Representative with evidence of the same.

Appears in 3 contracts

Samples: Underwriting Agreement (Prime Acquisition Corp), Underwriting Agreement (Prime Acquisition Corp), Underwriting Agreement (Prime Acquisition Corp)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 2,500,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim the Representative with evidence of the same.

Appears in 3 contracts

Samples: Underwriting Agreement (China Resources Ltd.), Underwriting Agreement (China Resources Ltd.), Underwriting Agreement (China Energy & Resources LTD)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 5,725,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim with evidence of the same.

Appears in 3 contracts

Samples: Warrant Agreement (Asia Special Situation Acquisition Corp), Warrant Agreement (Asia Special Situation Acquisition Corp), Warrant Agreement (Asia Special Situation Acquisition Corp)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 960,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim with evidence of the same.

Appears in 2 contracts

Samples: Underwriting Agreement (Industrial Services Acquisition Corp.), Underwriting Agreement (Industrial Services Acquisition Corp.)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 1,000,002 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim TEP with evidence of the same.

Appears in 2 contracts

Samples: Underwriting Agreement (Highbury Financial Inc), Underwriting Agreement (Highbury Financial Inc)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 1,425,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim the Representatives with evidence of the same.

Appears in 2 contracts

Samples: Underwriting Agreement (BBV Vietnam S.E.A. Acquisition Corp.), Underwriting Agreement (BBV Vietnam S.E.A. Acquisition Corp.)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 1,282,495 of the proceeds from the Private Placement in into the Trust Fund or an escrow account of Ellenoff Xxxxxxxx & Schole LLP and the balance of $125,000 shall be applied towards the repayment of a loan in the amount of $125,000 made by the Sponsor to pay for certain expenses of the Offering. The Company shall provide Maxim the Representative with evidence of the samesame prior to the Effective Date.

Appears in 2 contracts

Samples: Underwriting Agreement (FlatWorld Acquisition Corp.), Underwriting Agreement (FlatWorld Acquisition Corp.)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 all of the net proceeds from the Private Placement in the Trust Fund ($705,000) and shall provide Maxim Xxxxxx with evidence of the same.

Appears in 2 contracts

Samples: Underwriting Agreement (Vector Intersect Security Acquisition Corp.), Underwriting Agreement (Vector Intersect Security Acquisition Corp.)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund Account and prior to the Closing, the Company shall deposit $1,500,000 1,800,000 of the proceeds from the Private Placement in the Trust Fund Account and shall provide Maxim Xxxxxxxx with evidence of the same.

Appears in 1 contract

Samples: Warrant Agreement (TC Acquisition Corp.)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 1,230,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim the Representatives with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (TransTech Services Partners Inc.)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 12,250,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim the Representatives with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (United Refining Energy Corp)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 2,000,004 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim TEP with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (Acquicor Technology Inc)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 $ of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim the Representative with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (United Refining Energy Corp)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 12,250,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim the Representative with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (United Refining Energy Corp)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 1,425,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (Affinity Media International Corp.,)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the ClosingEffective Date, the Company shall deposit $1,500,000 5,725,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim with evidence of the same.

Appears in 1 contract

Samples: Warrant Agreement (Asia Special Situation Acquisition Corp)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 1,430,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim the Representatives with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (TransTech Services Partners Inc.)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 1,000,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (TransTech Services Partners Inc.)

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Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 17,250,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim the Representatives with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (United Refining Energy Corp)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the ClosingEffective Date, the Company shall deposit $1,500,000 1,250,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim Xxxxxx Xxxxxx & Co. with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (Beverage Acquisition CORP)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 10,452,975 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (Star Maritime Acquisition Corp.)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 2,500,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim Xxxxxx Xxxxxx & Co. with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (Global Technology Industries, Inc.)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 all of the net proceeds from the Private Placement in the Trust Fund ($1,500,000) and shall provide Maxim the Representative with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (FlatWorld Acquisition Corp.)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 15,600,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim the Representatives with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (United Refining Energy Corp)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 985,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim Rxxxxx with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (Argyle Security Acquisition CORP)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim Xxxxxx Xxxxxx & Co. with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (HD Partners Acquisition CORP)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 ___of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim TEP with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (Acquicor Technology Inc)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 1,375,000 of the proceeds from the Private Placement in into the Trust Fund or an escrow account of Ellenoff Xxxxxxxx & Schole LLP and the balance of $125,000 shall be applied towards the repayment of a loan in the amount of $125,000 made by the Sponsor to pay for certain expenses of the Offering. The Company shall provide Maxim the Representative with evidence of the samesame prior to the Effective Date.

Appears in 1 contract

Samples: Underwriting Agreement (FlatWorld Acquisition Corp.)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 1,200,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim Xxxxxx Xxxxxx & Co. with evidence of the same.

Appears in 1 contract

Samples: Underwriting Agreement (H D Partners Acquisition CORP)

Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 550,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim Mxxxxx Xxxxxx & Co. with evidence of the same.

Appears in 1 contract

Samples: Form of Underwriting Agreement (Echo Healthcare Acquisition Corp.)

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