Common use of Share Repurchases Clause in Contracts

Share Repurchases. The Company has entered into a 10b5-1 plan (the “Plan”) pursuant to which the Company is required to maintain a limit order to purchase up to 1,250,000 Ordinary Shares (or 1,437,500 Ordinary Shares if the Over-Allotment Option is exercised in full) using funds held in the Trust Account at any time commencing 61 days after the Effective Date and ending on the date immediately prior to the announcement of the Business Combination. If the Company repurchases any Ordinary Shares prior to the announcement of the Business Combination, such repurchases shall be made only in accordance with the Plan.

Appears in 3 contracts

Sources: Underwriting Agreement (Andina Acquisition Corp), Underwriting Agreement (Andina Acquisition Corp), Underwriting Agreement (Andina Acquisition Corp)

Share Repurchases. The Company has entered into a 10b5-1 plan (the “Plan”) pursuant to which the Company is required to maintain a limit order to purchase up to 1,250,000 Ordinary 6,000,000 Shares (or 1,437,500 Ordinary 6,900,000 Shares if the Over-Allotment Option is exercised in full) using funds held in the Trust Account at any time commencing 61 days after the Effective Date and ending on the date immediately prior to the public announcement of the a Business Combination. If the Company repurchases any Ordinary Shares prior to the announcement of the vote held to approve a Business Combination, such repurchases shall (i) be made only in accordance with the PlanPlan and (ii) comply with the technical requirements of Rule 10b-18 under the Exchange Act (even if such repurchases cannot actually be effectuated under Rule 10b-18).

Appears in 2 contracts

Sources: Underwriting Agreement (Universal Business Payment Solutions Acquisition Corp), Underwriting Agreement (Universal Business Payment Solutions Acquisition Corp)

Share Repurchases. The Company has entered into a 10b5-1 plan (the “Plan”) pursuant to which the Company is required to maintain a limit order to purchase up to 1,250,000 600,000 Ordinary Shares (or 1,437,500 690,000 Ordinary Shares if the Over-Allotment Option is exercised in full) using funds held in the Trust Account at any time commencing 61 days after the Effective Date and ending on the date immediately prior to the announcement of the Business Combination. If the Company repurchases any Ordinary Shares prior to the announcement of the Business Combination, such Such repurchases shall be made only in accordance with the Plan.. EarlyBirdCapital, Inc.

Appears in 1 contract

Sources: Underwriting Agreement (Infinity Cross Border Acquisition Corp)

Share Repurchases. The Company has entered into a 10b5-1 plan (the “Plan”) pursuant to which the Company is required to maintain a limit order to purchase up to 1,250,000 Ordinary Shares shares of Common Stock (or 1,437,500 Ordinary Shares shares of Common Stock if the Over-Allotment Option is exercised in full) using funds held in the Trust Account at any time commencing 61 days after the Effective Date and ending on the date immediately prior to the announcement of the Business Combination. If the Company repurchases any Ordinary Shares Common Stock prior to the announcement of the Business Combination, such repurchases shall (i) be made only in accordance with the PlanPlan and (ii) comply with the technical requirements of Rule 10b-18 under the Exchange Act (even if such repurchases cannot actually be effectuated under Rule 10b-18).

Appears in 1 contract

Sources: Underwriting Agreement (Trio Merger Corp.)

Share Repurchases. The Company has entered into a 10b5-1 plan (the “Plan”) pursuant to which the Company is required to maintain a limit order under certain circumstances to purchase up to 1,250,000 1,000,000 Ordinary Shares (or 1,437,500 1,150,000 Ordinary Shares if the Over-Allotment Option is exercised in full) using funds held in the Trust Account at any time commencing 61 days after the Effective Date and ending on the date immediately prior to the announcement of the Business Combination. If the Company repurchases any Ordinary Shares prior to the announcement of the Business Combination, such repurchases shall be made only in accordance with the Plan.

Appears in 1 contract

Sources: Underwriting Agreement (Andina Acquisition Corp)