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, CCM and Representative will, among other things, on the Closing Date and Over-Allotment Closing Date, if applicable, consummate the purchase of and deliver the purchase price for the Placement Units. Pursuant to the Purchase Agreements, (i) the Sponsor, CCM 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 and CCM 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 The Collective Purchasers and the Representative have executed and delivered a Private Placement Units Purchase Agreementsubscription agreements, the form forms of which is are annexed as an exhibit exhibits to the Registration Statement (the “Purchase Agreements”), pursuant to which the Sponsor, CCM Collective Purchasers and Representative will, among other things, on the Closing Date and Over-Allotment Closing Date, if applicable, consummate the purchase of and deliver the purchase price for the Placement UnitsUnits and the Collective Purchasers will consummate the purchase of and deliver the purchase price for the Placement Warrants, each as provided for in the Purchase Agreements. Pursuant to the Purchase Agreements, (i) the Sponsor, CCM Collective Purchasers 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 UnitsSecurities, and (ii) the proceeds from the sale of the Placement Units to the Sponsor and CCM Securities 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 AgreementAgreement on the Closing Date and the Option Closing Date, in each case if any, as provided for in the respective Purchase AgreementAgreements.

Purchase Agreements. Each of the Sponsor The Sponsors and the Representative have each executed and delivered a Private Placement Units Unit Purchase Agreement, the form forms of which is are annexed as an exhibit exhibits to the Registration Statement (collectively the “Purchase Agreements”), pursuant to which the Sponsor, CCM Sponsor and the Representative will, among other things, on the Closing Date and Over-Allotment Closing Date, if applicable, consummate the purchase of and deliver the purchase price for the Placement Units. Pursuant to the Purchase Agreements, (i) the Sponsor, CCM Sponsors and the 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 and CCM Sponsors 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, PC (“Ledgewood”), 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.

Purchase Agreements. Each of the Sponsor Sponsors and the Representative have has 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, CCM Sponsors and Representative will, among other things, on the Closing Date and Over-Allotment Closing Date, if applicable, consummate the purchase of and deliver the purchase price for the Placement Units. Pursuant to the Purchase Agreements, (i) the Sponsor, CCM Sponsors 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 and CCM Sponsors 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.