Common use of Subunit Repurchases Clause in Contracts

Subunit 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 Subunits (or 1,437,500 Subunits 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 vote held to approve a Business Combination. If the Company repurchases any Subunits prior to the vote held to approve a Business Combination, such repurchases shall (i) be made only in accordance with the Plan 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).