Common use of Transaction Proceeds Clause in Contracts

Transaction Proceeds. The Aggregate Transaction Proceeds shall be equal to or greater than $85,000,000; provided that, upon receiving proceeds from in the Capital Raise equal to or in excess of such amount, this condition shall no longer apply.

Appears in 1 contract

Sources: Merger Agreement (Power & Digital Infrastructure Acquisition II Corp.)

Transaction Proceeds. The Aggregate Transaction Proceeds shall be equal to or greater than $85,000,00050,000,000; provided that, upon receiving proceeds from in the Capital Raise equal to or in excess of such amount, this condition shall no longer apply.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Power & Digital Infrastructure Acquisition II Corp.)