Extension Units definition

Extension Units shall have the meaning given in the Recitals hereto.
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Extension Units means the Units issued to Holders as a result of the conversion of loans made by the Holders or their designees to the Company to extend the period of time of the Company has to consummate a Business Combination.
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Extension Units means the Units issued by the Issuer to an Investor who elects to extend their Maturity Date on the attached Election Form (Application Form) and which are subject to the revised Terms set out in this SPDS.
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Examples of Extension Units in a sentence

  • An aggregate of 225,000 Extension Units could be issued in connection with the two extensions.

  • Each purchase of Extension Units shall be consummated no later than the day prior to the end of an applicable period.

  • In return, our Sponsor, or its Table of Contents affiliates or designees, would receive 112,500 Extension Units, representing a purchase price of $10.00 per unit, on the same terms as in the private placement of the Placement Units.

  • For purposes of the calculation above, the exclusion of 37,500 Shares shall be effective solely at the time of the decision to not purchase the second tranche of Extension Units, and not at any other time or for any other purpose.

  • For purposes of the calculation above, the exclusion of the Shares underlying the Extension Units shall be effective solely at the time of the decision to not purchase the first tranche of Extension Units, and not at any other time or for any other purpose.

  • Each Extension shall only be effective upon the purchase by Subscriber, or its affiliates or designees, of an aggregate of 112,500 Extension Units per Extension at $10.00 per Extension Unit, to be deposited in the Company’s Trust Account (as defined below) of $1,125,000 per Extension, or $2,250,000 for both Extensions.

  • In return, our Sponsor, or its affiliates or designees, would receive 112,500 Extension Units, representing a purchase price of $10.00 per unit, on the same terms as in the private placement of the Placement Units.

  • Registration Rights Agreement The holders of the Founder Shares, Placement Units (and underlying securities), Extension Units (and underlying securities) and Warrants that may be issued upon conversion of working capital loans (and any shares Table of Contents of common stock issuable upon the exercise of the Warrants) as further described below are entitled to registration rights pursuant to a registration rights agreement signed in connection with our IPO.


More Definitions of Extension Units

Extension Units mean up to 330,000 units (or up to 379,500 units to the extent that the over-allotment option in connection with the Company’s initial public offering is exercised) issuable upon conversion of loans from the Sponsor (or their designees or affiliates) to the Company for the purpose of extending the period of time during which the Company has to complete its initial Business Combination in accordance with its Amended and Restated Certificate of Incorporation, with the Extension Units being identical to the Working Capital Units.
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Extension Units means the units, each unit consisting of one share of SPAC Common Stock, one warrant, each whole warrant exercisable to purchase one share of SPAC Common Stock, and one right, each to receive one-sixth (1/6) of one share of SPAC Common Stock upon the consummation of the Business Combination, that may be issued, at the option of the lender, at a conversion price of $10.00 per unit, upon the conversion of up to $1,500,000 of loans made to the SPAC by the Sponsor or its affiliates or designees to extend the period of time the SPAC has to consummate a Business Combination.
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Extension Units means an aggregate of up to 225,000 extension units which may be purchased separately by our Sponsor or its designee in the event we are unable to consummate our initial business combination within 16 months of the consummation of our IPO.
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Extension Units means the units issued by the Issuer to an Investor who elects to extend their Maturity Date for their Units on the attached Election Form and such new units are subject to the revised Terms set out in this SPDS;
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Related to Extension Units

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Pro Rata Extension Offers shall have the meaning assigned to such term in Section 2.21(e).

  • Extension Offer has the meaning specified in Section 2.15(a).

  • Extension Date has the meaning specified in Section 2.19(b).

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Extension Effective Date has the meaning specified in Section 2.06(c).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B-1 Loans, the Term B-1 Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).