Common use of Purchase and Sale of the Sponsor Warrants Clause in Contracts

Purchase and Sale of the Sponsor Warrants. (i) On the date that is one business day prior to the date of 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, 20,000,000 Sponsor Warrants at a price of $0.50 per warrant for an aggregate purchase price of $10,000,000 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On the Closing Date, upon the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company shall deliver a certificate evidencing the Sponsor Warrants duly registered in the Purchaser’s name to the Purchaser.

Appears in 2 contracts

Samples: Sponsor Warrants Purchase Agreement (WL Ross Holding Corp.), Sponsor Warrants Purchase Agreement (WL Ross Holding Corp.)

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Purchase and Sale of the Sponsor Warrants. (i) On the date that is one business day prior to the date of 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, 20,000,000 4,000,000 Sponsor Warrants at a price of $0.50 1.50 per warrant for an aggregate purchase price of $10,000,000 6,000,000.00 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one day prior to the Closing Date in accordance with the Company’s wiring instructions. On the Closing Date, upon following the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company Company, at its option, shall deliver a certificate evidencing the Sponsor Warrants purchased by the Purchaser on such date duly registered in the Purchaser’s name to the PurchaserPurchaser or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Sponsor Warrants Purchase Agreement (Noble Rock Acquisition Corp)

Purchase and Sale of the Sponsor Warrants. (i) On the date that is one business day prior to the date of 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, 20,000,000 the Sponsor Warrants at a price of $0.50 per warrant for an aggregate purchase price of $10,000,000 5,500,000 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On the Closing Date, upon the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company shall deliver a certificate evidencing the Sponsor Warrants duly registered in the Purchaser’s name to the Purchaser.

Appears in 1 contract

Samples: Sponsor Warrants Purchase Agreement (Hennessy Capital Acquisition Corp.)

Purchase and Sale of the Sponsor Warrants. (i) On the date that is one business day prior to the date of 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 “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 20,000,000 16,000,000 Sponsor Warrants at a price of $0.50 per warrant for an aggregate purchase price of $10,000,000 8,000,000 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On the Initial Closing Date, upon the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company Company, at its option, shall deliver a certificate evidencing the Sponsor Warrants purchased on such date duly registered in the Purchaser’s name to the PurchaserPurchaser or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Sponsor Warrants Purchase Agreement (Avista Healthcare Public Acquisition Corp.)

Purchase and Sale of the Sponsor Warrants. (i) On the date that is one business day prior to the date of 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, 20,000,000 the Sponsor Warrants at a price of $0.50 per warrant for an aggregate purchase price of $10,000,000 12,000,000 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On the Closing Date, upon the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company shall deliver a certificate evidencing the Sponsor Warrants duly registered in the Purchaser’s name to the Purchaser.

Appears in 1 contract

Samples: Sponsor Warrants Purchase Agreement (WL Ross Holding Corp.)

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Purchase and Sale of the Sponsor Warrants. (i) On the date that is one business day prior to the date of 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, 20,000,000 8,000,000 Sponsor Warrants at a price of $0.50 1.50 per warrant for an aggregate purchase price of $10,000,000 12,000,000.00 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one day prior to the Closing Date in accordance with the Company’s wiring instructions. On the Closing Date, upon following the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company Company, at its option, shall deliver a certificate evidencing the Sponsor Warrants purchased on such date duly registered in the Purchaser’s name to the PurchaserPurchaser or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Sponsor Warrants Purchase Agreement (Social Capital Hedosophia Holdings Corp.)

Purchase and Sale of the Sponsor Warrants. (i) On the date that is one business day prior to the date of 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, 20,000,000 the Sponsor Warrants at a price of $0.50 0.75 per warrant for an aggregate purchase price of $10,000,000 5,250,000 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On the Closing Date, upon the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company shall deliver a certificate evidencing the Sponsor Warrants duly registered in the Purchaser’s name to the Purchaser.

Appears in 1 contract

Samples: Sponsor Warrants Purchase Agreement (Global Eagle Acquisition Corp.)

Purchase and Sale of the Sponsor Warrants. (i) On the date that is one business day prior to the date of 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, 20,000,000 7,000,000 Sponsor Warrants at a price of $0.50 1.50 per warrant for an aggregate purchase price of $10,000,000 10,500,000.00 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one day prior to the Closing Date in accordance with the Company’s wiring instructions. On the Closing Date, upon following the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company Company, at its option, shall deliver a certificate evidencing the Sponsor Warrants purchased by the Purchaser on such date duly registered in the Purchaser’s name to the PurchaserPurchaser or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Sponsor Warrants Purchase Agreement (NextGen Acquisition Corp. II)

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