Payment and Delivery Clause Example with 10 Variations from Business Contracts
This page contains Payment and Delivery clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Payment and Delivery. Payment for the Firm Securities shall be made as follows: $242,000,000 of the net proceeds for the Firm Securities (including $8,750,000 of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with a portion of the gross proceeds of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover of the Prospectus upon delivery of... such Firm Securities for the respective accounts of the several Underwriters at 9:30 a.m., New York City time, on March 4, 2021, or at such other time on the same or such other date as shall be designated in writing by you. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment by the Underwriters for the Firm Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. Payment for any Additional Securities shall be made as follows: $9.80 per Additional Security (including $0.35 per Additional Security of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with the gross proceeds of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover of the Prospectus upon delivery of such Additional Securities for the respective accounts of the several Underwriters at 9:30 a.m., New York City time, on the date specified in the corresponding notice described in Section 2 or at such other time on the same or on such other date as shall be designated in writing by you. Payment by the Underwriters for the Additional Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. The Firm Securities and Additional Securities shall be registered in such names and in such denominations as you shall request in writing not later than one full business day prior to the Closing Date or the applicable Option Closing Date, as the case may be. The Firm Securities and Additional Securities shall be delivered to you on the Closing Date or an Option Closing Date, as the case may be, for the respective accounts of the several Underwriters, with any transfer taxes payable in connection with the transfer of the Securities to the Underwriters duly paid, against payment of the Purchase Price therefor.View More
Variations of a "Payment and Delivery" Clause from Business Contracts
Payment and Delivery. Payment for the Firm Securities Shares shall be made as follows: $242,000,000 $78,400,000 of the net proceeds for the Firm Securities Shares (including $8,750,000 $2,800,000 of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with a portion of the gross proceeds of the Private Placement Warrants Shares in order for the Trust Account to equal the product of the number of Units Firm Shares sold and the Public Offering Price per Unit Shar...e as set forth on the cover of the Prospectus upon delivery of such Firm Securities Shares for the respective accounts account of the several Underwriters Underwriter at 9:30 10:00 a.m., New York City time, on March 4, 2021, October [●], 2020, or at such other time on the same or such other date date, not later than three business days after the foregoing date, as shall be designated in writing by you. the Underwriter. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment The Company shall not be obligated to deliver the Firm Shares except upon tender of payment therefor by the Underwriters Underwriter, provided that payment by the Underwriter for all the Firm Securities Shares is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants Shares at least one Business Day business day prior to the Closing Date. Payment for any Additional Securities Shares shall be made as follows: $9.80 per Additional Security Share (including $0.35 per Additional Security Share of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with the gross proceeds of the sale of any additional Private Placement Warrants Shares in order for the aggregate amount deposited in the Trust Account to equal the product of the number of Units Additional Shares sold and the Public Offering Price per Unit Share as set forth on the cover of the Prospectus upon delivery of such Additional Securities Shares for the respective accounts account of the several Underwriters Underwriter at 9:30 10:00 a.m., New York City time, on the date specified in the corresponding notice described in Section 2 or at such other time on the same or on such other date date, in any event not later than three business days after the foregoing date, as shall be designated in writing by you. Payment the Underwriter. The Company shall not be obligated to deliver the Additional Shares except upon tender of payment therefor by the Underwriters Underwriter, provided that payment by the Underwriter for the Additional Securities Shares is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants Shares at least one Business Day business day prior to the Option Closing Date. 12 The Firm Securities Shares and Additional Securities Shares shall be delivered to the Underwriter through the facilities of The Depository Trust Company ("DTC") or, if the Underwriter has otherwise instructed, upon delivery to the Underwriter of certificates (in form and substance satisfactory to the Underwriter) representing the Firm Shares or Additional Shares, as applicable, in each case for the account of the Underwriter. The Firm Shares and Additional Shares shall be registered in such names and in such denominations as you the Underwriter shall request in writing not later than one two full business day days prior to the Closing Date or the applicable Option Closing Date, as the case may be. The Firm Securities Shares and Additional Securities Shares shall be delivered to you the Underwriter on the Closing Date or an Option Closing Date, as the case may be, for the respective accounts account of the several Underwriters, Underwriter, with any transfer taxes payable in connection with the transfer of the Securities to the Underwriters Underwriter duly paid, against payment of the Purchase Price therefor. View More
Payment and Delivery. Payment for the Firm Securities Shares shall be made as follows: $242,000,000 $78,400,000 of the net proceeds for the Firm Securities Shares (including $8,750,000 $2,800,000 of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with a portion of the gross proceeds of the Private Placement Warrants Shares in order for the Trust Account to equal the product of the number of Units Firm Shares sold and the Public Offering Price per Unit Shar...e as set forth on the cover of the Prospectus upon delivery of such Firm Securities Shares for the respective accounts account of the several Underwriters Underwriter at 9:30 10:00 a.m., New York City time, on March 4, 2021, October 16, 2020, or at such other time on the same or such other date date, not later than three business days after the foregoing date, as shall be designated in writing by you. the Underwriter. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment The Company shall not be obligated to deliver the Firm Shares except upon tender of payment therefor by the Underwriters Underwriter, provided that payment by the Underwriter for all the Firm Securities Shares is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants Shares at least one Business Day business day prior to the Closing Date. Payment for any Additional Securities Shares shall be made as follows: $9.80 per Additional Security Share (including $0.35 per Additional Security Share of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with the gross proceeds of the sale of any additional Private Placement Warrants Shares in order for the aggregate amount deposited in the Trust Account to equal the product of the number of Units Additional Shares sold and the Public Offering Price per Unit Share as set forth on the cover of the Prospectus upon delivery of such Additional Securities Shares for the respective accounts account of the several Underwriters Underwriter at 9:30 10:00 a.m., New York City time, on the date specified in the corresponding notice described in Section 2 or at such other time on the same or on such other date date, in any event not later than three business days after the foregoing date, as shall be designated in writing by you. Payment the Underwriter. The Company shall not be obligated to deliver the Additional Shares except upon tender of payment therefor by the Underwriters Underwriter, provided that payment by the Underwriter for the Additional Securities Shares is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants Shares at least one Business Day business day prior to the Option Closing Date. 12 The Firm Securities Shares and Additional Securities Shares shall be delivered to the Underwriter through the facilities of The Depository Trust Company ("DTC") or, if the Underwriter has otherwise instructed, upon delivery to the Underwriter of certificates (in form and substance satisfactory to the Underwriter) representing the Firm Shares or Additional Shares, as applicable, in each case for the account of the Underwriter. The Firm Shares and Additional Shares shall be registered in such names and in such denominations as you the Underwriter shall request in writing not later than one two full business day days prior to the Closing Date or the applicable Option Closing Date, as the case may be. The Firm Securities Shares and Additional Securities Shares shall be delivered to you the Underwriter on the Closing Date or an Option Closing Date, as the case may be, for the respective accounts account of the several Underwriters, Underwriter, with any transfer taxes payable in connection with the transfer of the Securities to the Underwriters Underwriter duly paid, against payment of the Purchase Price therefor. View More
Payment and Delivery. Payment for the Firm Securities shall be made as follows: $242,000,000 U.S. $200,000,000 of the net proceeds for the Firm Securities (including $8,750,000 U.S. $7,000,000 of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with a portion of the gross proceeds from the sale of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit $10.30 as se...t forth on the cover of the Prospectus upon delivery of such Firm Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on March 4, 2021, [●], 2022, or at such other time on the same or such other date as shall be designated in writing by you. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment by the Underwriters for the Firm Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. Payment for any Additional Securities shall be made as follows: U.S. $9.80 per Additional Security (including U.S. $0.35 per Additional Security of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with the gross proceeds from the sale of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit $10.30 as set forth on the cover of the Prospectus upon delivery of such Additional Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on the date specified in the corresponding notice described in Section 2 or at such other time on the same or on such other date as shall be designated in writing by you. Payment by the Underwriters for the Additional Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. The Firm Securities and Additional Securities shall be registered in such names and in such denominations as you shall request in writing not later than one full business day prior to the Closing Date or the applicable Option Closing Date, as the case may be. The Firm Securities and Additional Securities shall be delivered to you on the Closing Date or an Option Closing Date, as the case may be, for the respective accounts of the several Underwriters, with any transfer taxes payable in connection with the transfer of the Securities to the Underwriters duly paid, against payment of the Purchase Price therefor. View More
Payment and Delivery. Payment for the Firm Securities shall be made as follows: $242,000,000 U.S. $200,000,000 of the net proceeds for the Firm Securities (including $8,750,000 U.S. $7,000,000 of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with a portion of the gross proceeds from the sale of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit $10.20 as se...t forth on the cover of the Prospectus upon delivery of such Firm Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on March 4, 2021, [●], 2022, or at such other time on the same or such other date as shall be designated in writing by you. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment by the Underwriters for the Firm Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. Payment for any Additional Securities shall be made as follows: U.S. $9.80 per Additional Security (including U.S. $0.35 per Additional Security of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with the gross proceeds from the sale of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit $10.20 as set forth on the cover of the Prospectus upon delivery of such Additional Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on the date specified in the corresponding notice described in Section 2 or at such other time on the same or on such other date as shall be designated in writing by you. Payment by the Underwriters for the Additional Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. The Firm Securities and Additional Securities shall be registered in such names and in such denominations as you shall request in writing not later than one full business day prior to the Closing Date or the applicable Option Closing Date, as the case may be. The Firm Securities and Additional Securities shall be delivered to you on the Closing Date or an Option Closing Date, as the case may be, for the respective accounts of the several Underwriters, with any transfer taxes payable in connection with the transfer of the Securities to the Underwriters duly paid, against payment of the Purchase Price therefor. View More
Payment and Delivery. Payment for the Firm Securities shall be made as follows: $242,000,000 $196,000,000 of the net proceeds for the Firm Securities (including $8,750,000 $7,000,000 of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with a such portion of the gross proceeds of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover of th...e Prospectus upon delivery of such Firm Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on March 4, 2021, T+2 (based on 4:30 market time), 2017, or at such other time on the same or such other date date, not later than [T+5 (based on 4:30 market time)], 2017, as shall be designated in writing by you. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment by the Underwriters for the Firm Securities is contingent on the payment by the Sponsor Sponsors to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. Payment for any Additional Securities shall be made as follows: $9.80 per Additional Security (including $0.35 per Additional Security of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with such portion of the gross proceeds of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover of the Prospectus upon delivery of such Additional Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on the date specified in the corresponding notice described in Section 2 or at such other time on the same or on such other date date, in any event not later than [ ], 2017, as shall be designated in writing by you. Payment by the Underwriters for the Additional Securities is contingent on the payment by the Sponsor Sponsors to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. 19 The Firm Securities and Additional Securities shall be registered in such names and in such denominations as you shall request in writing not later than one full business day prior to the Closing Date or the applicable Option Closing Date, as the case may be. The Firm Securities and Additional Securities shall be delivered to you on the Closing Date or an Option Closing Date, as the case may be, for the respective accounts of the several Underwriters, with Underwriters. The Purchase Price payable by the Underwriters shall be reduced by (i) any transfer taxes payable paid by, or on behalf of, the Underwriters in connection with the transfer of the Securities to the Underwriters duly paid, against payment of the Purchase Price therefor. paid and (ii) any withholding required by law. View More
Payment and Delivery. Payment for the Firm Securities shall be made as follows: $242,000,000 [$196,000,000 of the net proceeds for the Firm Securities (including $8,750,000 $7,000,000 of Deferred Discount) Discount)] shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with a portion of the gross proceeds of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cove...r of the Prospectus upon delivery of such Firm Securities for the respective accounts of the several Underwriters at 9:30 a.m., New York City time, on March 4, 2021, [•], 2022, or at such other time on the same or such other date as shall be designated in writing by you. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment by the Underwriters for the Firm Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. Payment for any Additional Securities shall be made as follows: $9.80 per Additional Security (including $0.35 per Additional Security of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with the gross proceeds of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover of the Prospectus upon delivery of such Additional Securities for the respective accounts of the several Underwriters at 9:30 a.m., New York City time, on the date specified in the corresponding notice described in Section 2 or at such other time on the same or on such other date as shall be designated in writing by you. Payment by the Underwriters for the Additional Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. Notwithstanding anything to the contrary herein, at the sole and absolute discretion of the Company, after consultation with the Representative, up to 25% of the amount designated as the Deferred Discount may be re-allocated and paid to third parties, including parties participating in this offering (but who are members of FINRA or regulated broker-dealers) that assist us in consummating our initial business combination. The Firm Securities and Additional Securities shall be registered in such names and in such denominations as you shall request in writing not later than one full business day prior to the Closing Date or the applicable Option Closing Date, as the case may be. The Firm Securities and Additional Securities shall be delivered to you on the Closing Date or an Option Closing Date, as the case may be, for the respective accounts of the several Underwriters, with any transfer taxes payable in connection with the transfer of the Securities to the Underwriters duly paid, against payment of the Purchase Price therefor. View More
Payment and Delivery. Payment for the Firm Securities shall be made as follows: $242,000,000 $245,000,000 of the net proceeds for the Firm Securities (including $8,750,000 of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with a such portion of the gross proceeds of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover of the Prospectu...s upon delivery of such Firm Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on March 4, 2021, T+2 (based on 4:30 market time), 2017, or at such other time on the same or such other date date, not later than [T+5 (based on 4:30 market time)], 2017, as shall be designated in writing by you. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment by the Underwriters for the Firm Securities is contingent on the payment by the Sponsor Sponsors to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. Payment for any Additional Securities shall be made as follows: $9.80 per Additional Security (including $0.35 per Additional Security of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with such portion of the gross proceeds of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover of the Prospectus upon delivery of such Additional Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on the date specified in the corresponding notice described in Section 2 or at such other time on the same or on such other date date, in any event not later than [ ], 2017, as shall be designated in writing by you. Payment by the Underwriters for the Additional Securities is contingent on the payment by the Sponsor Sponsors to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. 19 The Firm Securities and Additional Securities shall be registered in such names and in such denominations as you shall request in writing not later than one full business day prior to the Closing Date or the applicable Option Closing Date, as the case may be. The Firm Securities and Additional Securities shall be delivered to you on the Closing Date or an Option Closing Date, as the case may be, for the respective accounts of the several Underwriters, with Underwriters. The Purchase Price payable by the Underwriters shall be reduced by (i) any transfer taxes payable paid by, or on behalf of, the Underwriters in connection with the transfer of the Securities to the Underwriters duly paid, against payment of the Purchase Price therefor. paid and (ii) any withholding required by law. View More
Payment and Delivery. Payment for the Firm Securities shall be made as follows: $242,000,000 $245,000,000 of the net proceeds for the Firm Securities (including $8,750,000 of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with a such portion of the gross proceeds of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover of the Prospectu...s upon delivery of such Firm Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on March 4, T+2 (based on 4:30 market time), 2021, or at such other time on the same or such other date date, not later than T+5 (based on 4:30 market time), 2021, as shall be designated in writing by you. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment by the Underwriters for the Firm Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day prior to the Closing Date. 16 Payment for any Additional Securities shall be made as follows: $9.80 per Additional Security (including $0.35 per Additional Security of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with such portion of the gross proceeds of the Private Placement Warrants in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover of the Prospectus upon delivery of such Additional Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on the date specified in the corresponding notice described in Section 2 or at such other time on the same or on such other date date, in any event not later than April 28, 2021, as shall be designated in writing by you. Payment by the Underwriters for the Additional Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants at least one Business Day business day prior to the Closing Date. The Firm Securities and Additional Securities shall be registered in such names and in such denominations as you shall request in writing not later than one full business day prior to the Closing Date or the applicable Option Closing Date, as the case may be. The Firm Securities and Additional Securities shall be delivered to you on the Closing Date or an Option Closing Date, as the case may be, for the respective accounts of the several Underwriters, with Underwriters. The Purchase Price payable by the Underwriters shall be reduced by (i) any transfer taxes payable paid by, or on behalf of, the Underwriters in connection with the transfer of the Securities to the Underwriters duly paid, against payment of the Purchase Price therefor. paid and (ii) any withholding required by law. View More
Payment and Delivery. Payment for the Firm Securities shall be made as follows: $242,000,000 $196,000,000 of the net proceeds for the Firm Securities (including $8,750,000 $7,000,000 of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with a portion of the gross proceeds of the Private Placement Warrants Securities in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover... of the Prospectus upon delivery of such Firm Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on March 4, 2021, November 20, 2018, or at such other time on the same or such other date date, not later than November 28, 2018, as shall be designated in writing by you. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment by the Underwriters for the Firm Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants Securities at least one Business Day prior to the Closing Date. Payment for any Additional Securities shall be made as follows: $9.80 per Additional Security (including $0.35 per Additional Security of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with the gross proceeds of the Private Placement Warrants Securities in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover of the Prospectus upon delivery of such Additional Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on the date specified in the corresponding notice described in Section 2 or at such other time on the same or on such other date date, in any event not later than January 9, 2018, as shall be designated in writing by you. Payment by the Underwriters for the Additional Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants Securities at least one Business Day prior to the Closing Date. 18 The Firm Securities and Additional Securities shall be registered in such names and in such denominations as you shall request in writing not later than one full business day prior to the Closing Date or the applicable Option Closing Date, as the case may be. The Firm Securities and Additional Securities shall be delivered to you on the Closing Date or an Option Closing Date, as the case may be, for the respective accounts of the several Underwriters, with any transfer taxes payable in connection with the transfer of the Securities to the Underwriters duly paid, against payment of the Purchase Price therefor. View More
Payment and Delivery. Payment for the Firm Securities shall be made as follows: $242,000,000 $196,000,000 of the net proceeds for the Firm Securities (including $8,750,000 $7,000,000 of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with a portion of the gross proceeds of the Private Placement Warrants Securities in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover... of the Prospectus upon delivery of such Firm Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on March 4, 2021, [●], 2018, or at such other time on the same or such other date date, not later than [●], 2018, as shall be designated in writing by you. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment by the Underwriters for the Firm Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants Securities at least one Business Day prior to the Closing Date. Payment for any Additional Securities shall be made as follows: $9.80 per Additional Security (including $0.35 per Additional Security of Deferred Discount) shall be deposited in the Trust Account pursuant to the terms of the Trust Agreement along with the gross proceeds of the Private Placement Warrants Securities in order for the Trust Account to equal the product of the number of Units sold and the Public Offering Price per Unit as set forth on the cover of the Prospectus upon delivery of such Additional Securities for the respective accounts of the several Underwriters at 9:30 10:00 a.m., New York City time, on the date specified in the corresponding notice described in Section 2 or at such other time on the same or on such other date date, in any event not later than [●], 2018, as shall be designated in writing by you. Payment by the Underwriters for the Additional Securities is contingent on the payment by the Sponsor to the Trust Account, as described above, for the Private Placement Warrants Securities at least one Business Day prior to the Closing Date. 18 The Firm Securities and Additional Securities shall be registered in such names and in such denominations as you shall request in writing not later than one full business day prior to the Closing Date or the applicable Option Closing Date, as the case may be. The Firm Securities and Additional Securities shall be delivered to you on the Closing Date or an Option Closing Date, as the case may be, for the respective accounts of the several Underwriters, with any transfer taxes payable in connection with the transfer of the Securities to the Underwriters duly paid, against payment of the Purchase Price therefor. View More
