Common use of Independent Director Review of Expenses Clause in Contracts

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the Trust, the Company shall cause its Board of Directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 77 contracts

Samples: Underwriting Agreement (Burgundy Technology Acquisition Corp), Underwriting Agreement (Glenfarne Merger Corp.), Underwriting Agreement (Northern Star Acquisition Corp.)

AutoNDA by SimpleDocs

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the TrustTrust Account, the Company shall cause its Board of Directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 31 contracts

Samples: Underwriting Agreement (Advancit Acquisition Corp. I), Underwriting Agreement (Velocity Acquisition Corp.), Underwriting Agreement (Omnichannel Acquisition Corp.)

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the Trust, the Company shall cause its Board of Directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 22 contracts

Samples: Underwriting Agreement (Investcorp Acquisition Corp.), Underwriting Agreement (Alpha Partners Technology Merger Corp.), Underwriting Agreement (Itiquira Acquisition Corp.)

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the TrustTrust Account, the Company shall cause its Board of Directors to review and approve all payments made by the Company to the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 10 contracts

Samples: Underwriting Agreement (Inflection Point Acquisition Corp.), Underwriting Agreement (ONS Acquisition Corp.), Underwriting Agreement (ONS Acquisition Corp.)

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the TrustTrust Account, the Company shall cause its Board of Directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 10 contracts

Samples: Underwriting Agreement (Brimstone Acquisition Holdings Corp.), Underwriting Agreement (Clean Earth Acquisitions Corp.), Underwriting Agreement (Crescera Capital Acquisition Corp.)

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the Trust, the Company shall cause its Board of Directors (or a committee thereof) to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 5 contracts

Samples: Spartan Acquisition Corp. III, Spartan Acquisition Corp. IV, Spartan Acquisition Corp. IV

Independent Director Review of Expenses. Prior to the consummation of the Initial initial Business Combination or the liquidation of the Trust, the Company shall cause its Board of Directors to review and approve all payments made to the SponsorSponsors, any of the Company’s directors or executive officers, any special advisor, advisor or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 5 contracts

Samples: Underwriting Agreement (Capitol Investment Corp. VI), Capitol Investment Corp. VII, Capitol Investment Corp. V

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the TrustTrust Account, the Company shall cause its Board board of Directors directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, advisor or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 4 contracts

Samples: Underwriting Agreement (DHC Acquisition Corp.), Securities Subscription Agreement (DHC Acquisition Corp.), Kernel Group Holdings, Inc.

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the TrustTrust Account, the Company shall cause its Board board of Directors directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 4 contracts

Samples: Underwriting Agreement (Silverbox Engaged Merger Corp I), Underwriting Agreement (SilverBox Corp III), Underwriting Agreement (Silverbox Engaged Merger Corp I)

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the Trust, the Company shall cause its Board of Directors to review and approve all payments made to the SponsorSponsors, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 4 contracts

Samples: Underwriting Agreement (Capitol Investment Corp. IV), Capitol Acquisition Corp. III, Capitol Acquisition Corp. III

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the TrustTrust Account, the Company shall cause the audit committee of its Board of Directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 2 contracts

Samples: Underwriting Agreement (Black Spade Acquisition Co), Underwriting Agreement (Black Spade Acquisition Co)

AutoNDA by SimpleDocs

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the Trust, the Company shall cause its Board of Directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, officers or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 2 contracts

Samples: Underwriting Agreement (TLGY Acquisition Corp), Underwriting Agreement (TLGY Acquisition Corp)

Independent Director Review of Expenses. Prior to the earlier of consummation of the Initial Business Combination or the liquidation of the TrustTrust Account, the Company shall cause its Board of Directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 2 contracts

Samples: ESGEN Acquisition Corp, ESGEN Acquisition Corp

Independent Director Review of Expenses. Prior to the consummation of the Initial Business Combination or the liquidation of the Trust, the Company shall cause its Board of Directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 2 contracts

Samples: Underwriting Agreement (Twelve Seas Investment Co IV TMT), Underwriting Agreement (Twelve Seas Investment Co IV TMT)

Independent Director Review of Expenses. Prior to the consummation of the Initial initial Business Combination or the liquidation of the Trust, the Company shall cause its Board of Directors or the audit committee of its Board of Directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, advisor or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 2 contracts

Samples: Gobi Acquisition Corp., Gobi Acquisition Corp.

Independent Director Review of Expenses. Prior to the consummation of the Initial initial Business Combination or the liquidation of the Trust, the Company shall cause its Board of Directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, advisor or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 1 contract

Samples: BrightSpark Capitol Corp.

Independent Director Review of Expenses. Prior to the earlier of the consummation of the Initial Business Combination or the liquidation of the Trust, the Company shall cause its Board of Directors to review and approve all payments made to the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates, with any interested directors abstaining from such review and approval.

Appears in 1 contract

Samples: Underwriting Agreement (Investcorp Europe Acquisition Corp I)

Time is Money Join Law Insider Premium to draft better contracts faster.