Common use of Private Placement Units Clause in Contracts

Private Placement Units. At least one (1) Business Day prior to the Closing Date, the Sponsor and the Anchor Investors shall have caused all or a portion of the purchase price for the Private Placement Units to be deposited into the Trust Account such that upon payment for the Public Units pursuant to this Agreement, the amount of cash in the Trust Account (without giving effect to any income earned thereon) will equal $10.00 per Public Unit outstanding as of such Closing Date. All opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Underwriters.

Appears in 3 contracts

Samples: Underwriting Agreement (VectoIQ Acquisition Corp. II), Unit Purchase Agreement (VectoIQ Acquisition Corp. II), Unit Purchase Agreement (VectoIQ Acquisition Corp. II)

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Private Placement Units. At least one (1) Business Day prior to the Closing Date, the Sponsor Founders and the Anchor Investors shall have caused all or a portion of the purchase price for the Private Placement Units to be deposited into the Trust Account such that upon payment for the Public Units pursuant to this Agreement, the amount of cash in the Trust Account (without giving effect to any income earned thereon) will equal $10.00 10.10 per Public Unit outstanding as of such Closing Date. All opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Underwriters.

Appears in 2 contracts

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

Private Placement Units. At least one (1) Business Day business day prior to the Initial Closing Date, the Sponsor and the Anchor Investors Xxxxx Investments shall have caused all or a portion of the its respective purchase price for the Private Placement Units to be deposited into the Trust Account such that upon payment for the Public Units pursuant to this Agreement, the amount of cash in the Trust Account (without giving effect to any income earned thereon) will equal $10.00 per Public Unit outstanding as of such the Initial Closing Date. All opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Underwriters.

Appears in 2 contracts

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

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Private Placement Units. At least one (1) Business Day prior to the Closing Date, the Sponsor Founders and the Anchor Investors shall have caused all or a portion of the purchase price for the Private Placement Units to be deposited into the Trust Account such that upon payment for the Public Units pursuant to this Agreement, the amount of cash in the Trust Account (without giving effect to any income earned thereon) will equal $10.00 per Public Unit outstanding as of such Closing Date. All opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Underwriters.

Appears in 1 contract

Samples: Underwriting Agreement (VectoIQ Acquisition Corp.)

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