Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and cash equivalents, including funds remaining in the Trust Account (after giving effect to the completion and payment of the Redemption) and the proceeds from the Transaction Financing, at least equal to Forty Million U.S. Dollars ($40,000,000) (before payment of Expenses and any outstanding debt) (the “Minimum Cash Condition”).
Appears in 1 contract
Sources: Agreement and Plan of Merger (Lakeshore Acquisition I Corp.)
Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and cash equivalents, including funds remaining in the Trust Account (after giving effect to the completion and payment of the RedemptionRedemptions) and the proceeds from the Financing Transactions, after payment of the Company Transaction FinancingExpenses and Purchaser Transaction Expenses (including, with regard to the Purchaser, Extension Expenses) and other Liabilities due at the Closing, at least equal to Forty Million fifty million U.S. Dollars ($40,000,000) (before payment of Expenses and any outstanding debt) (the “Minimum Cash Condition”50,000,000).
Appears in 1 contract
Sources: Merger Agreement (Innovative International Acquisition Corp.)
Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and cash equivalents, including funds remaining in the Trust Account (after giving effect to the completion and payment of the Redemption) Redemption and payment of each Party’s Expenses, including any Extension Expenses), and the proceeds from aggregate amount of any Purchaser Transaction Financing (including the Transaction Financing, Support Subscription Agreement) of at least equal to Forty Million U.S. Dollars ($40,000,000) (before payment of Expenses and any outstanding debt) (the “Minimum Cash Condition”30,000,000).
Appears in 1 contract
Sources: Merger Agreement (Americas Technology Acquisition Corp.)
Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and cash equivalents, including funds remaining in the Trust Account (after giving effect to the completion and payment of the Redemption) and the proceeds from of any Backstop Agreement, after giving effect to (i) the payment of Purchaser’s unpaid Expenses or Liabilities and (ii) the payment of Company Transaction FinancingExpenses, at least equal to Forty Million U.S. Dollars ($40,000,000) (before payment of Expenses and any outstanding debt) (the “Minimum Cash Condition”)50,000,000.
Appears in 1 contract
Sources: Agreement and Plan of Merger (Aesther Healthcare Acquisition Corp.)
Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and cash equivalents, including funds remaining in the Trust Account (after giving effect to the completion and payment of the Redemption) Redemption and payment of each Party’s Expenses, including any Extension Expenses), and the proceeds from the aggregate amount of any Purchaser Transaction Financing, Financing of at least equal to Forty Million U.S. Dollars ($40,000,000) (before payment of Expenses and any outstanding debt) (the “Minimum Cash Condition”)10,000,000.
Appears in 1 contract
Sources: Agreement and Plan of Merger (Americas Technology Acquisition Corp.)
Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and cash equivalents, including funds remaining in the Trust Account (after giving effect to the completion and payment of the Redemption), after giving effect to (i) the payment of Purchaser’s unpaid Expenses or Liabilities and (ii) the proceeds from the payment of Company Transaction FinancingExpenses, at least equal to Forty Million U.S. Dollars ($40,000,000) (before payment of Expenses and any outstanding debt) 25,000,000 (the “Minimum Cash Condition”).
Appears in 1 contract