Common use of Purchase Agreements Clause in Contracts

Purchase Agreements. Each of the Sponsor and the Representative have executed and delivered a Private Placement Units Purchase Agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Purchase Agreements”), pursuant to which the Sponsor and Representative will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Placement Units. Pursuant to the Purchase Agreements, (i) the Sponsor and Representative have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Units, (ii) the proceeds from the sale of the Placement Units to the Sponsor will be deposited by the Company on or prior to the Effective Date in the Trust Account, in accordance with the terms of the Trust Agreement and (iii) the proceeds from the sale of the Placement Units to Cantor Xxxxxxxxxx will be deposited on or prior to the Closing Date in the Trust Account in accordance with the terms of the Trust Agreement, in each case as provided for in the respective Purchase Agreement.

Purchase Agreements. Each of the Sponsor and the Representative have executed and delivered a Private Placement Units Purchase Agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Purchase Agreements”), pursuant to which the Sponsor and Representative will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Placement Units. Pursuant to the Purchase Agreements, (i) the Sponsor and Representative have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Units, (ii) the proceeds from the sale of the Placement Units to the Sponsor will be deposited by the Company on or prior to the Effective Date in the Trust Account, or in an escrow account held by Ledgewood, P.C. (“Ledgewood”), in accordance with the terms of the Trust Agreement and (iii) the proceeds from the sale of the Placement Units to Cantor Xxxxxxxxxx will be deposited on or prior to the Closing Date in the Trust Account in accordance with the terms of the Trust Agreement, in each case as provided for in the respective Purchase Agreement.

Purchase Agreements. Each of the Sponsor and the Representative have executed and delivered a Private Placement Units Purchase Agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Purchase Agreements”), pursuant to which the Sponsor and Representative will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Placement Units. Pursuant to the Purchase Agreements, (i) the Sponsor and Representative have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Units, (ii) certain of the proceeds from the sale of the Placement Units to the Sponsor will be deposited by the Company on or prior to the Effective Date in the Trust Account, in accordance with the terms of the Trust Agreement and (iii) certain of the proceeds from the sale of the Placement Units to Cantor Xxxxxxxxxx Fxxxxxxxxx will be deposited on or prior to the Closing Date in the Trust Account in accordance with the terms of the Trust Agreement, in each case as provided for in the respective Purchase Agreement.

Purchase Agreements. Each of the Sponsor and the Representative have has executed and delivered a Private Placement Units Warrants Purchase Agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Purchase Agreements”), pursuant to which the Sponsor and Representative will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Placement UnitsWarrants. Pursuant to the Purchase Agreements, (i) the Sponsor and Representative have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement UnitsWarrants, (ii) the proceeds from the sale of the Placement Units Warrants to the Sponsor will be deposited by the Company on or prior to the Effective Date in the Trust Account, in accordance with the terms of the Trust Agreement and (iii) the proceeds from the sale of the Placement Units Warrants to Cantor Xxxxxxxxxx will be deposited on or prior to the Closing Date in the Trust Account in accordance with the terms of the Trust Agreement, in each case as provided for in the respective Purchase Agreement.

Purchase Agreements. Each of the Sponsor and the Representative have executed and delivered a Private Placement Units Purchase Agreement, the form forms of which is annexed as an exhibit to the Registration Statement (the “Purchase Agreements”), pursuant to which the Sponsor and Representative will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Placement Units. Pursuant to the Purchase Agreements, (i) the Sponsor and Representative have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Units, (ii) the proceeds from the sale of the Placement Units to the Sponsor will be deposited by the Company on or prior to the Effective Date in the Trust Account, in accordance with the terms of the Trust Agreement and (iii) the proceeds from the sale of the Placement Units to Cantor Xxxxxxxxxx the Representative will be deposited on or prior to the Closing Date in the Trust Account in accordance with the terms of the Trust Agreement, in each case as provided for in the respective Purchase Agreement.