Common use of Purchase and Sale of the Private Placement Shares Clause in Contracts

Purchase and Sale of the Private Placement Shares. Simultaneously with the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 30,000 Private Placement Shares at a price of $10.00 per Share for an aggregate purchase price of $300,000 (the “Purchase Price”). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the trust account (the “Trust Account”) maintained by American Stock Transfer & Trust Company, LLC, acting as trustee, on the Closing Date. On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 2 contracts

Samples: Private Placement Shares Purchase Agreement (Innovative International Acquisition Corp.), Private Placement Shares Purchase Agreement (Innovative International Acquisition Corp.)

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Purchase and Sale of the Private Placement Shares. Simultaneously with the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 30,000 70,000 Private Placement Shares at a price of $10.00 per Share for an aggregate purchase price of $300,000 700,000 (the “Purchase Price”). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the trust account (the “Trust Account”) maintained by American Stock Transfer & Trust Company, LLC, acting as trustee, on the Closing Date. On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 2 contracts

Samples: Private Placement Shares Purchase Agreement (Innovative International Acquisition Corp.), Private Placement Shares Purchase Agreement (Innovative International Acquisition Corp.)

Purchase and Sale of the Private Placement Shares. Simultaneously with the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 30,000 Private Placement Shares at a price of $10.00 per Share for an aggregate purchase price of $300,000 4,500,000 (the “Purchase Price”). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the trust account (the “Trust Account”) maintained by American Stock Transfer & Trust Company, LLC, acting as trustee, on at least one business day prior to the Closing date of effectiveness (the “Effective Date”) of the registration statement relating to the Public Offering (the “Registration Statement”). On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Private Placement Shares Purchase Agreement (Innovative International Acquisition Corp.)

Purchase and Sale of the Private Placement Shares. Simultaneously with the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 30,000 900,000 Private Placement Shares at a price of $10.00 per Share for an aggregate purchase price of $300,000 9,000,000 (the “Purchase Price”). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the trust account (the “Trust Account”) maintained by American Stock Transfer & Trust Company, LLC, acting as trustee, on the Closing Date. On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Private Placement Shares Purchase Agreement (Innovative International Acquisition Corp.)

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Purchase and Sale of the Private Placement Shares. Simultaneously with the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 30,000 70,000 Private Placement Shares at a price of $10.00 per Share for an aggregate purchase price of $300,000 1,000,000 (the “Purchase Price”). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the trust account (the “Trust Account”) maintained by American Stock Transfer & Trust Company, LLC, acting as trustee, on at least one business day prior to the Closing date of effectiveness (the “Effective Date”) of the registration statement relating to the Public Offering (the “Registration Statement”). On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Private Placement Shares Purchase Agreement (Innovative International Acquisition Corp.)

Purchase and Sale of the Private Placement Shares. Simultaneously with the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 30,000 900,000 Private Placement Shares at a price of $10.00 per Share for an aggregate purchase price of $300,000 4,500,000 (the “Purchase Price”). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the trust account (the “Trust Account”) maintained by American Stock Transfer & Trust Company, LLC, acting as trustee, on at least one business day prior to the Closing date of effectiveness (the “Effective Date”) of the registration statement relating to the Public Offering (the “Registration Statement”). On the Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Private Placement Shares Purchase Agreement (Innovative International Acquisition Corp.)

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