Trust Account Balance Sample Clauses

Trust Account Balance. On the Closing Date, the Company shall have furnished to the Representative one or more certificates signed by an authorized officer of the trustee of the Trust Account to the effect of certifying that $152,250,000 shall have been deposited in the Trust Account.
AutoNDA by SimpleDocs
Trust Account Balance. The Trust Account will have a balance of at least $23,151,313.
Trust Account Balance. The Purchaser shall use its commercially reasonable efforts to cause the balance of the Trust Account (after giving effect to the Purchaser Stock Redemptions, but prior to taking into account its liabilities for any fees and costs relating to the transactions contemplated by this Agreement) to be an amount greater than or equal to $15,000,000.

Related to Trust Account Balance

  • Trust Account (i) The Purchaser hereby acknowledges that it is aware that the Company will establish the Trust Account for the benefit of its public stockholders upon the IPO Closing. The Purchaser, 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, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares held by it.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!