Additional Agreements Acknowledgements and Waivers of the Purchasers Sample Clauses
The "Additional Agreements, Acknowledgements and Waivers of the Purchasers" clause requires purchasers to formally agree to certain terms, recognize specific facts or risks, and relinquish particular rights as part of the transaction. This may include acknowledging their understanding of the investment's risks, confirming receipt of necessary disclosures, or waiving claims against the seller for certain issues. The core function of this clause is to ensure that purchasers are fully informed, have accepted key conditions, and have limited their ability to bring future claims, thereby reducing the seller's potential liability and clarifying the parties' mutual understanding.
Additional Agreements Acknowledgements and Waivers of the Purchasers. A. Each of the Purchasers hereby acknowledge that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the closing of the Public Offering. Each of the Purchasers, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, provided that nothing in this paragraph shall (i) serve to limit or prohibit the Purchaser’s right to pursue a claim against the Company for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief; (ii) serve to limit or prohibit any claims that such Purchaser may have in the future against the Company’s assets or funds that are not held in the Trust Account (including any funds that have been released from the Trust Account and any assets that have been purchased or acquired with any such funds); (iii) apply to the Purchaser’s rights or claims, if any, to any funds in the Trust Account with respect to any common stock sold as part of the units in the Public Offering or acquired in the aftermarket (if any) held by the Purchaser; (iv) apply to any redemption and liquidation rights, if any, such Purchaser may have in respect of any Ordinary Shares held by it and (v) apply to any rights to the payment of a Deferred Underwriting Commission (as defined in the Underwriting Agreement), if any, such Purchaser may have pursuant to the Underwriting Agreement and the Investment Management Trust Agreement between the Company and Continental Stock Transfer & Trust Company (the “IMTA”).
B. Such Purchaser hereby agrees that it shall have no right of set-off or any right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future, provided that nothing in this paragraph shall (i) serve to limit or prohibit the Purchaser’s right to pursue a claim against the Company for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief; (ii) serve to limit or prohibit any claims that such Purchaser may have in the future against the Company’s assets or funds that are not held in the Trust Account (including any funds that have been released from the Trust Account...
Additional Agreements Acknowledgements and Waivers of the Purchasers