Common use of Representatives Purchase Option Clause in Contracts

Representatives Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Closing Date an option to purchase up to an aggregate of 600,000 units (the “Representative’s Units”) for an aggregate purchase price of $100.00, pursuant to a Purchase Option in substantially the form filed as an exhibit to the Registration Statement (the “Representative’s Purchase Option”). On the Closing Date, the Company shall deliver to the Representative, upon payment therefor, certificates for the Representative’s Purchase Option in the name or names and in such denominations as the Representative may request. The Representative’s Purchase Option, the Representative’s Units, the Shares (the “Representative’s Shares”) and the Warrants (the “Representative’s Warrants”) included in the Representative’s Units and the Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” Delivery and payment for the Representative’s Purchase Option shall be made on the Closing Date.

Appears in 2 contracts

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

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Representatives Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Closing Date an option to purchase up to an aggregate of 600,000 units (the “Representative’s Units”) Date, for an aggregate purchase price of $100.00, pursuant to a Purchase Option in substantially the form filed as an exhibit to the Registration Statement option (the “Representative’s Purchase Option”) to purchase up to an aggregate of 600,000 Units (the “Representative’s Units”). The Representative’s Purchase Option shall be exercisable whether for cash or on a cashless basis, in whole or in part, commencing on the later of the consummation of a Business Combination or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $10.00, which is equal to one hundred percent (100%) of the initial public offering price per Unit. On the Closing Date, the Company shall deliver to the Representative, upon payment therefor, certificates for the Representative’s Purchase Option in the name or names and in such denominations as the Representative may request. The Representative’s Purchase Option, the Representative’s Units, the Ordinary Shares included in the Representative’s Units, the Rights included in the Representative’s Units (the “Representative’s SharesRights) and ), the Warrants included in the Representative’s Units (the “Representative’s Warrants”) included in and the Ordinary Shares issuable pursuant to the terms of the Representative’s Units Rights and the Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” Delivery and payment for the Representative’s Purchase Option shall be made on the Closing Date.

Appears in 1 contract

Samples: Underwriting Agreement (Arowana Inc.)

Representatives Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Closing Date an option to purchase up to an aggregate of 600,000 units (the “Representative’s Units”) Date, for an aggregate purchase price of $100.00, pursuant to a Purchase Option in substantially the form filed as an exhibit to the Registration Statement option (the “Representative’s Purchase Option”) to purchase up to an aggregate of 300,000 Units (the “Representative’s Units”). The Representative’s Purchase Option shall be exercisable whether for cash or on a cashless basis, in whole or in part, commencing on the later of the consummation of a Business Combination or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $10.00, which is equal to one hundred percent (100%) of the initial public offering price per Unit. On the Closing Date, the Company shall deliver to the Representative, upon payment therefor, certificates for the Representative’s Purchase Option in the name or names and in such denominations as the Representative may request. The Representative’s Purchase Option, the Representative’s Units, the Shares shares of Common Stock included in the Representative’s Units, the Rights included in the Representative’s Units (the “Representative’s SharesRights) and ), the Warrants included in the Representative’s Units (the “Representative’s Warrants”) included in and the shares of Common Stock issuable pursuant to the terms of the Representative’s Units Rights and the Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” Delivery and payment for the Representative’s Purchase Option shall be made on the Closing Date.

Appears in 1 contract

Samples: Underwriting Agreement (1347 Capital Corp)

Representatives Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Closing Date an option to purchase up to an aggregate of 600,000 units (the “Representative’s Units”) Date, for an aggregate purchase price of $100.00, pursuant to a Purchase Option in substantially the form filed as an exhibit to the Registration Statement option (the “Representative’s Purchase Option”) to purchase up to an aggregate of 400,000 Units (the “Representative’s Units”). The Representative’s Purchase Option shall be exercisable whether for cash or on a cashless basis, in whole or in part, commencing on the later of the consummation of a Business Combination or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $11.00, which is equal to one hundred percent (110%) of the initial public offering price per Unit. On the Closing Date, the Company shall deliver to the Representative, upon payment therefor, certificates for the Representative’s Purchase Option in the name or names and in such denominations as the Representative may request. The Representative’s Purchase Option, the Representative’s Units, the Ordinary Shares included in the Representative’s Units, the Rights included in the Representative’s Units (the “Representative’s SharesRights) and ), the Warrants included in the Representative’s Units (the “Representative’s Warrants”) included in and the Ordinary Shares issuable pursuant to the terms of the Representative’s Units Rights and the Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” Delivery and payment for the Representative’s Purchase Option shall be made on the Closing Date.

Appears in 1 contract

Samples: Underwriting Agreement (CB Pharma Acquisition Corp.)

Representatives Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Closing Date an option to purchase up to an aggregate of 600,000 units (the “Representative’s Units”) Date, for an aggregate purchase price of $100.00, pursuant to a Purchase Option in substantially the form filed as an exhibit to the Registration Statement option (the “Representative’s Purchase Option”) to purchase up to an aggregate of 720,000 Units (the “Representative’s Units”). The Representative’s Purchase Option shall be exercisable whether for cash or on a cashless basis, in whole or in part, commencing on the later of the consummation of a Business Combination or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $10.00, which is equal to one hundred percent (100%) of the initial public offering price per Unit. On the Closing Date, the Company shall deliver to the Representative, upon payment therefor, certificates for the Representative’s Purchase Option in the name or names and in such denominations as the Representative may request. The Representative’s Purchase Option, the Representative’s Units, the Ordinary Shares included in the Representative’s Units, the Rights included in the Representative’s Units (the “Representative’s SharesRights) and ), the Warrants included in the Representative’s Units (the “Representative’s Warrants”) included in and the Ordinary Shares issuable pursuant to the terms of the Representative’s Units Rights and the Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” Delivery and payment for the Representative’s Purchase Option shall be made on the Closing Date.

Appears in 1 contract

Samples: Underwriting Agreement (Arowana Inc.)

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Representatives Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) designated by the Representative on the Closing Effective Date an option to the Representative’s Purchase Option for the purchase up to of an aggregate of 600,000 units 750,000 Units (the “Representative’s Units”) for an aggregate purchase price of $100.00, pursuant to a Purchase Option in substantially 80.00. Each of the form filed as an exhibit Representative’s Units is identical to the Registration Statement Initial Units, except that the Warrants included in the Representative’s Units (the “Representative’s Purchase OptionWarrants)) may be exercised on a cashless basis. On the Closing Date, the Company shall deliver to the Representative, upon payment therefor, certificates for the The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the name or names later of (i) one year from the Effective Date and in such denominations as (ii) the Representative may requestconsummation of the Initial Business Combination and expiring on the fourth anniversary of the Effective Date, at an initial exercise price per Representative’s Unit of $10.00, which is equal to 125% of the initial public offering price of a Unit. The Representative’s Purchase Option, the Representative’s Units, the Shares (the “Representative’s Shares”) Warrants and the Warrants (the “Representative’s Warrants”) included in the Representative’s Units and the Shares shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” ”. The Public Securities and Company shall deliver to the Representative, upon payment therefor, certificates (if any) for the Representative’s Securities are hereinafter referred to collectively in the name or names and in such authorized denominations as the “SecuritiesRepresentative may request.” Delivery and payment for the Representative’s Purchase Option shall be made on the Closing Date.

Appears in 1 contract

Samples: Underwriting Agreement (Symmetry Holdings Inc)

Representatives Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Closing Date an option to purchase up to an aggregate of 600,000 units (the “Representative’s Units”) Date, for an aggregate purchase price of $100.00, pursuant to a Purchase Option in substantially the form filed as an exhibit to the Registration Statement option (the “Representative’s Purchase Option”) to purchase up to an aggregate of 400,000 Units (the “Representative’s Units”). The Representative’s Purchase Option shall be exercisable whether for cash or on a cashless basis, in whole or in part, commencing on the later of the consummation of a Business Combination or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $10.00, which is equal to one hundred percent (100%) of the initial public offering price per Unit. On the Closing Date, the Company shall deliver to the Representative, upon payment therefor, certificates for the Representative’s Purchase Option in the name or names and in such denominations as the Representative may request. The Representative’s Purchase Option, the Representative’s Units, the Ordinary Shares included in the Representative’s Units, the Rights included in the Representative’s Units (the “Representative’s SharesRights) and ), the Warrants included in the Representative’s Units (the “Representative’s Warrants”) included in and the Ordinary Shares issuable pursuant to the terms of the Representative’s Units Rights and the Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” Delivery and payment for the Representative’s Purchase Option shall be made on the Closing Date.

Appears in 1 contract

Samples: Underwriting Agreement (CB Pharma Acquisition Corp.)

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