Common use of Trust Account Waiver Clause in Contracts

Trust Account Waiver. The Investor acknowledges that ARYA is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA and one or more businesses or assets. The Investor further acknowledges that, as described in ARYA’s final prospectus relating to its initial public offering dated February 25, 2021 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYA’s assets consist of the cash proceeds of ARYA’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYA, its public shareholders and the underwriters of ARYA’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption right.

Appears in 7 contracts

Samples: Subscription Agreement (ARYA Sciences Acquisition Corp IV), Subscription Agreement (ARYA Sciences Acquisition Corp IV), Subscription Agreement (ARYA Sciences Acquisition Corp IV)

AutoNDA by SimpleDocs

Trust Account Waiver. The Investor acknowledges that ARYA is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA and one or more businesses or assets. The Investor further acknowledges that, as described in ARYA’s final prospectus relating to its initial public offering dated February 25June 4, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYA’s assets consist of the cash proceeds of ARYA’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYA, its public shareholders and the underwriters of ARYA’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX ARYA entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates ARYA to not exercise such redemption right.

Appears in 5 contracts

Samples: Subscription Agreement (ARYA Sciences Acquisition Corp II), Subscription Agreement (ARYA Sciences Acquisition Corp II), Subscription Agreement (Cerevel Therapeutics Holdings, Inc.)

Trust Account Waiver. The Investor acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAthe SPAC’s final prospectus relating to its initial public offering dated February 25October 19, 2021 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if anyobligations (and up to $100,000 to pay dissolution expenses), the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX SPAC entering into this Subscription Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its affiliates and representatives, notwithstanding anything to the contrary in this Subscription Agreement, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYASPAC’s public shareholders or to the underwriters of ARYASPAC’s initial public offering in respect of their deferred underwriting commissions held in the Trust AccountAccount (“Public Distributions”)), and agrees not to seek recourse against the Trust Account or Public Distributions for any reason whatsoever (regardless of whether such claim arises as a result of, in connection with or arising out ofrelating in any way to, this Subscription Agreement or the transactions contemplated hereby any other matter, and regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability); provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right. Investor agrees and acknowledges that such irrevocable waiver is material to this Subscription Agreement and specifically relied upon by SPAC and its affiliates to induce SPAC to enter in this Subscription Agreement, and Investor further intends and understands such waiver to be valid, binding and enforceable against Investor and each of its affiliates and representatives under applicable law. Notwithstanding anything to the contrary contained in this Subscription Agreement, the provisions of this Section 9 shall survive the Closing or any termination of this Subscription Agreement and last indefinitely.

Appears in 4 contracts

Samples: Letter Agreement (ESGEN Acquisition Corp), Letter Agreement (ESGEN Acquisition Corp), Subscription Agreement (ESGEN Acquisition Corp)

Trust Account Waiver. The Investor acknowledges that ARYA Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Issuer and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIssuer’s final prospectus relating to its initial public offering dated February 25November 17, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIssuer’s assets consist of the cash proceeds of ARYAIssuer’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIssuer, its public shareholders and the underwriters underwriter of ARYAIssuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and irrevocably agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement. The Investor agrees and acknowledges that such irrevocable waiver is material to this Subscription Agreement and specifically relied upon by Issuer and its affiliates to induce Issuer to enter in this Subscription Agreement, and each such party further intends and understands such waiver to be valid, binding and enforceable against the Investor and its affiliates under applicable law. To the extent the Investor commences any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, monetary relief against Issuer or its affiliates, the transactions contemplated Investor hereby regardless acknowledges and agrees that the Investor’s sole remedy shall be against funds held outside of whether the Trust Account and that such claim arises based on contract, tort, equity shall not permit the Investor (or any other theory person claiming on any of their behalf or in lieu of any of the Investor) to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein and in the event of any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, relief against the Trust Account (including any distributions therefrom) in violation of this Subscription Agreement, Issuer shall be entitled to recover from the Investor and its affiliates, the associated legal liability; providedfees and costs in connection with any such action, howeverin the event Issuer or its affiliates, that nothing as applicable, prevails in such action or proceeding. Notwithstanding any else in this Section 10 10, nothing herein shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s (x) record or beneficial ownership of publicly traded Class A Shares common stock acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement or (y) redemption right rights in connection with the Transaction with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles shares of Association, as amended in connection with common stock of Issuer owned by the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightInvestor.

Appears in 3 contracts

Samples: Subscription Agreement (Arisz Acquisition Corp.), Subscription Agreement (Arisz Acquisition Corp.), Subscription Agreement (Arisz Acquisition Corp.)

Trust Account Waiver. The Investor Reference is made to the SPAC’s final prospectus, dated as of January 5, 2021 and filed with the Commission (File No. 333-251466) on January 7, 2021 (the “Prospectus”). Subscriber acknowledges that ARYA the SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the SPAC and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYA’s final prospectus relating to its initial public offering dated February 25, 2021 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAthe SPAC’s assets consist of the cash proceeds of ARYAthe SPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe SPAC, its public shareholders and the underwriters of ARYAthe SPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the SPAC to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Subscriber hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 8 shall be deemed to limit the InvestorSubscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionany Common Stock currently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021Common Stock, except to the extent that the Investor Subscriber has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right.

Appears in 3 contracts

Samples: Subscription Agreement (Gogoro Inc.), Subscription Agreement (Poema Global Holdings Corp.), Agreement and Plan of Merger (Poema Global Holdings Corp.)

Trust Account Waiver. The Investor acknowledges Murano Parties acknowledge that ARYA HCM is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA and one or more businesses or assetsBusiness Combination. The Investor Murano Parties further acknowledges acknowledge that, as described in ARYA’s final the prospectus relating to its initial public offering dated February January 25, 2021 2022 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYA’s HCM assets consist of the cash proceeds of ARYAHCM’s initial public offering and private placement placements of its securities, securities and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAHCM, certain of its public shareholders and the underwriters of ARYAHCM’s initial public offeringoffering (the “Trust Account”). Except The Murano Parties acknowledge that they have been advised by HCM that, except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA HCM to pay its tax franchise Tax, income Tax and similar obligations, if any, the Trust Agreement provides that cash in the Trust Account may be disbursed only (i) if HCM completes the transactions which constitute a Business Combination, then to those Persons and in such amounts as described in the Prospectus; (ii) if HCM fails to complete a Business Combination within the allotted time period and liquidates, subject to the terms of the Trust Agreement, to HCM in limited amounts to permit HCM to pay the costs and expenses of its liquidation and dissolution, and then to HCM’s public shareholders; and (iii) if HCM holds a shareholder vote to amend HCM’s amended and restated memorandum and articles of association (A) to modify the substance or timing of its obligation to allow redemption in connection with its initial Business Combination or to redeem 100% of its public shares if it does not complete its initial Business Combination within 15 months from the closing of HCM’s initial public offering, subject to any Extension or (B) with respect to any other provision relating to shareholders’ rights or pre-initial Business Combination activity, then for the purposes set forth redemption of any HCM Ordinary Shares properly tendered in the Final Prospectusconnection with such vote. For and in consideration of AXXX HCM entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Murano Parties hereby irrevocably waives waive any and all right, title and interesttitle, interest or any claim of any kind it has they have or may have in the future, future in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees agree not to seek recourse against the Trust Account or any funds distributed therefrom as a result of, or arising out of, this Subscription Agreement and any negotiations, Contracts or agreements with HCM; provided, that (x) nothing herein shall serve to limit or prohibit the Murano Parties’ right to pursue a claim against HCM for legal relief against monies or other assets held outside the Trust Account, for specific performance or other equitable relief in connection with the consummation of the transactions contemplated hereby regardless of whether (including a claim for HCM to specifically perform its obligations under this Agreement) so long as such claim arises based on contractwould not affect HCM’s ability to fulfill its obligation to effectuate the HCM Share Redemptions, tort, equity or any other theory of legal liability; provided, however, that for actual fraud and (y) nothing in this Section 10 herein shall be deemed serve to limit or prohibit any claims that the InvestorMurano Parties may have in the future against HCM’s right, title, interest assets or claim to any monies funds that are not held in the Trust Account by virtue of its record (including any funds that have been released from the Trust Account and any assets that have been purchased or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightfunds).

Appears in 3 contracts

Samples: Business Combination Agreement (HCM Acquisition Corp), Business Combination Agreement (HCM Acquisition Corp), Business Combination Agreement (HCM Acquisition Corp)

Trust Account Waiver. The Investor acknowledges that ARYA SCS is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SCS and one or more businesses or assets. The Investor further acknowledges that, as described in ARYASCS’s final prospectus relating to its initial public offering dated February 25June 29, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASCS’s assets consist of the cash proceeds of ARYASCS’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASCS, its public shareholders and the underwriters underwriter of ARYASCS’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SCS to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX SCS entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, provided that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares ordinary shares of SCS acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 3 contracts

Samples: Subscription Agreement (Palihapitiya Chamath), Subscription Agreement (Social Capital Suvretta Holdings Corp. III), Subscription Agreement (Social Capital Suvretta Holdings Corp. III)

Trust Account Waiver. The Investor acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYASPAC’s final prospectus relating to its initial public offering dated February 25March 4, 2021 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right.

Appears in 3 contracts

Samples: Subscription Agreement (Staton Daniel C), Form of Subscription Agreement (Tailwind Two Acquisition Corp.), Form of Subscription Agreement (Tailwind Two Acquisition Corp.)

Trust Account Waiver. The Investor undersigned acknowledges that ARYA the Company is a blank check company with formed for the powers and privileges to effect purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving ARYA and with one or more businesses or assetsbusinesses. The Investor undersigned further acknowledges that, as described in ARYA’s the final prospectus relating to its the Company’s initial public offering dated February 25filed with the Securities and Exchange Commission on or about June 9, 2021 2014 (the “Final Prospectus”) available at wxx.xxx.xxx), substantially all of ARYAthe Company’s assets consist of the cash proceeds of ARYAthe Company’s initial public offering and private placement placements of its securities, securities and substantially all of those proceeds have been deposited in into a trust account (the “Trust Account”) for the benefit of ARYA, the Company and its public shareholders and stockholders. As described in the underwriters of ARYA’s initial public offering. Except with respect to interest earned on Prospectus, the funds held in the Trust Account that may be released from time to ARYA to pay its tax obligations, if any, the cash time in the Trust Account may only be disbursed only for released upon certain conditions. The undersigned hereby acknowledges and agrees that, except with respect to shares of common stock of the purposes set forth in Company owned by the Final Prospectus. For and in consideration of AXXX entering into undersigned acquired other than pursuant to this Subscription Agreement, the receipt and sufficiency it has no right of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, set-off or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim of any kind (“Claim”) to, or to any monies or other assets in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies or other assets in, the Trust Account that it may have now or in the future. The undersigned acknowledges and agrees that the undersigned shall not have any redemption rights with respect to the Shares pursuant to the Company’s Certificate of Incorporation in connection with the stockholder proposals related to the Nexeo Business Combination or the extension of the Company’s corporate existence beyond June 11, 2016, any subsequent liquidation of the Trust Account or the Company or otherwise. In the event the undersigned has any Claim against the Company under this Agreement or otherwise, the undersigned shall pursue such Claim solely against the Company and its assets held outside of the Trust Account and not against the Trust Account or any monies or other assets held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightAccount.

Appears in 3 contracts

Samples: Subscription Agreement (WL Ross Holding Corp.), Subscription Agreement (WL Ross Holding Corp.), Subscription Agreement (WL Ross Holding Corp.)

Trust Account Waiver. The Investor Company acknowledges that ARYA (a) OmniLit is a blank check company with the powers and privileges to effect a mergerBusiness Combination and (b) they have read the OmniLit SEC Filings (including OmniLit’s final prospectus dated November 10, asset acquisition2021 (the “Prospectus”)), reorganization or similar business combination involving ARYA the OmniLit’s Governing Documents, and one or more businesses or assetsthe Trust Agreement. The Investor Company further acknowledges that, as described in ARYA’s final prospectus relating to its initial public offering dated February 25, 2021 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAOmniLit’s assets consist of the cash proceeds of ARYAOmniLit’s initial public offering and private placement placements of its securities, securities and substantially all of those proceeds have been deposited in a the trust account for the benefit of OmniLit, certain of its public stockholders and the underwriters of OmniLit’s initial public offering (the “Trust Account”) for the benefit of ARYA). The Company acknowledges that it has been advised by OxxxXxx that, its public shareholders and the underwriters of ARYA’s initial public offering. Except except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA OmniLit to pay its tax franchise Tax, income Tax and similar obligations, if any, the Trust Agreement provides that cash in the Trust Account may be disbursed only for the purposes in limited circumstances set forth in the Final ProspectusTrust Agreement. For The Company further acknowledges that, if the transactions contemplated by this Agreement, or, in the event of a termination of this Agreement, another Business Combination, are not consummated by November 12, 2023 or such later date as approved by the stockholders of OmniLit to complete a Business Combination, OmniLit will be obligated to return to its stockholders the amounts being held in the Trust Account. Accordingly, for and in consideration of AXXX OmniLit entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Company hereby irrevocably waives any and all right, title and interesttitle, interest or any claim of any kind it has they have or may have in the future, future in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees agree not to seek recourse against the Trust Account or any funds distributed therefrom as a result of, or arising out of, this Subscription Agreement and any negotiations, Contracts or agreements with OmniLit, including, without limitation, in connection with any willful and material breach by OmniLit of this Agreement, other than for the transactions contemplated hereby regardless release of whether such claim arises based on contract, tort, equity or any other theory proceeds from the Trust Account upon the consummation of legal liabilitythe Merger; provided, however, that (x) nothing in this Section 10 herein shall be deemed serve to limit or prohibit the InvestorCompany or its Subsidiaries right to pursue a claim against OmniLit for legal relief (a) against monies or other assets held outside the Trust Account, for specific performance or other equitable relief in connection with the consummation of the transactions (including a claim for OmniLit to specifically perform its obligations under this Agreement and cause the disbursement of the balance of the cash remaining in the Trust Account (after giving effect to the OmniLit Stockholder Redemption) in accordance with the terms of this Agreement and the Trust Agreement) so long as such claim would not affect OmniLit’s right, title, interest ability to fulfil its obligations to effectuate the OmniLit Stockholder Redemption and (y) nothing herein shall serve to limit or claim to prohibit any monies claims that the Company or its Subsidiaries may have in the future against OmniLit’s assets or funds that are not held in the Trust Account by virtue (including any funds that have been released from the Trust Account and any assets that have been purchased or acquired with any such funds). This Section 11.1 shall survive the termination of this Agreement for any reason. In the event that the Company, any of its record or beneficial ownership Subsidiaries, any of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company their Affiliates or any of their respective affiliates representatives commences any Action against or involving the Trust Account, OmniLit shall be entitled to not exercise recover from such redemption rightPerson its legal fees and costs in connection with any such Action.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (OmniLit Acquisition Corp.), Agreement and Plan of Merger (OmniLit Acquisition Corp.), Agreement and Plan of Merger (OmniLit Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA Flame is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Flame and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAFlame’s final prospectus relating to its initial public offering dated February 2524, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAFlame’s sole assets consist of the cash proceeds of ARYAFlame’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAFlame, its public shareholders stockholders and certain parties (including the underwriters of ARYAFlame’s initial public offering). Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Flame to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Sable entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its affiliates and representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they had, have or may have in the futurefuture as a result of, or arising out of, this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse or make or bring any action, suit, claim or other proceeding against the Trust Account as a result of, or arising out of, this Subscription Agreement or Agreement, the transactions contemplated hereby hereby, the Acquired Shares or any Flame Class A Shares, regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, . Subscriber acknowledges and agrees that nothing in this Section 10 it shall be deemed to limit the Investor’s right, title, interest or claim to not have any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right rights with respect to any such Flame Class A Common Stock pursuant to Flame’s certificate of incorporation in connection with the Merger or any other business combination, any subsequent liquidation of the Trust Account or Flame or otherwise. In the event Subscriber has any claim against Flame as a result of, or arising out of, this Subscription Agreement, the transactions contemplated hereby, the Acquired Shares or any Flame Class A Shares, in accordance with ARYA’s Amended it shall pursue such claim solely against Flame and Restated Memorandum its assets outside the Trust Account and Articles of Association, as amended in connection with not against the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company Account or any of their respective affiliates to not exercise such redemption rightmonies or other assets in the Trust Account.

Appears in 3 contracts

Samples: Subscription Agreement (Flame Acquisition Corp.), Subscription Agreement (Flame Acquisition Corp.), Subscription Agreement (Flame Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA Industrea is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Industrea and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAIndustrea’s final prospectus relating to its initial public offering dated February 25July 26, 2021 2017 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAIndustrea’s assets consist of the cash proceeds of ARYAIndustrea’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIndustrea, its public shareholders stockholders and the underwriters of ARYAIndustrea’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Industrea to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX Industrea entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representativesofficers, directors and affiliates, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or Agreement. Notwithstanding anything to the transactions contemplated hereby regardless of whether such claim arises based on contractcontrary, tort, equity the foregoing waiver shall not preclude Subscriber (or any other theory of legal liability; provided, however, that nothing its affiliates) from redeeming any shares of Class A Common Stock included in this Section 10 shall be deemed to limit the Investorunits sold in Industrea’s right, title, interest initial public offering held by Subscriber (or claim to any monies held in of its affiliates) for a pro rata portion of the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed Transaction or enforcing its rights in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightrespect thereof.

Appears in 3 contracts

Samples: Subscription Agreement (Industrea Acquisition Corp.), Subscription Agreement (Industrea Acquisition Corp.), Subscription Agreement (Industrea Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA NextGen is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA NextGen and one or more businesses or assets. The Investor further acknowledges that, as described in ARYANextGen’s final prospectus relating to its initial public offering dated February March 25, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYANextGen’s assets consist of the cash proceeds of ARYANextGen’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYANextGen, its public shareholders and the underwriters underwriter of ARYANextGen’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA NextGen to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX NextGen entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, provided that nothing in this Section 10 9 shall (x) serve to limit or prohibit the Investor’s right to pursue a claim against NextGen for legal relief against assets held outside the Trust Account (so long as such claim would not affect NextGen’s ability to fulfill its obligation to effectuate any redemption right with respect to any securities of NextGen), for specific performance or other equitable relief, (y) serve to limit or prohibit any claims that the Investor may have in the future against NextGen’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) (so long as such claim would not affect NextGen’s ability to fulfill its obligation to effectuate any redemption right with respect to any securities of NextGen) or (z) be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares of NextGen acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 3 contracts

Samples: Subscription Agreement (NextGen Acquisition Corp. II), Subscription Agreement (Virgin Orbit Holdings, Inc.), Subscription Agreement (Virgin Orbit Holdings, Inc.)

Trust Account Waiver. The Investor acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYASPAC’s final prospectus relating to its initial public offering dated February 25September 9, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 11 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionshares of SPAC currently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles shares of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021SPAC, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right.

Appears in 3 contracts

Samples: Subscription Agreement (Cheche Group Inc.), Subscription Agreement (Prime Impact Acquisition I), Subscription Agreement (Cheche Group Inc.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA Peridot is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAPeridot’s final prospectus relating to its initial public offering dated February 25September 23, 2021 2020 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and a private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAPeridot, its public shareholders and the underwriters of ARYAPeridot’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Peridot to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX Peridot entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably irrevocable waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of Peridot acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightIssuer.

Appears in 2 contracts

Samples: Subscription Agreement (Peridot Acquisition Corp.), Subscription Agreement (Peridot Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 25November 24, 2021 2020 (the “Final November 24, 2020 Prospectus”) ), available at wxx.xxx.xxxxxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYA, its public shareholders stockholders and the underwriters of ARYA’s its initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final November 24, 2020 Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its affiliates and representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture as a result of, or arising out of, this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse or make or bring any action, suit, claim or other proceeding against the Trust Account as a result of, or arising out of, this Subscription Agreement or Agreement, the transactions contemplated hereby or the Acquired Shares, regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, provided however, that nothing in this Section 10 7 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance securities of the Issuer. Subscriber acknowledges and agrees that it shall not have any redemption rights with ARYArespect to the Acquired Shares pursuant to the Issuer’s Amended and Restated Memorandum and Articles certificate of Association, as amended incorporation in connection with the shareholder meeting Transactions or any other business combination, any subsequent liquidation of ARYA on February 28the Trust Account or the Issuer or otherwise. In the event Subscriber has any claim against the Issuer as a result of, 2023 and as may be subsequently amended from time to timeor arising out of, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYAthis Subscription Agreement, the Company transactions contemplated hereby or the Acquired Shares, it shall pursue such claim solely against the Issuer and its assets outside the Trust Account and not against the Trust Account or any monies or other assets in the Trust Account. This paragraph shall survive any termination of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 2 contracts

Samples: Subscription Agreement (10X Capital Venture Acquisition Corp), Subscription Agreement (REE Automotive Ltd.)

Trust Account Waiver. The Investor acknowledges that ARYA UPTD is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA UPTD and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAUPTD’s final prospectus relating to its initial public offering dated February 25June 29, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAUPTD’s assets consist of the cash proceeds of ARYAUPTD’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAUPTD, its public shareholders and the underwriters underwriter of ARYAUPTD’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA UPTD to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX UPTD entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, provided that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares ordinary shares of UPTD acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 2 contracts

Samples: Subscription Agreement (TradeUP Acquisition Corp.), Subscription Agreement (TradeUP Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Company is a blank check company with the powers and privileges to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving ARYA and with one or more businesses or assetsentities. The Investor Subscriber further acknowledges that, as described in ARYAthe Company’s final prospectus relating to its initial public offering dated February 25March 10, 2021 2016 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Company’s assets consist of the cash proceeds of ARYAthe Company’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Company, its public shareholders stockholders and the underwriters of ARYAthe Company’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Company to pay its income tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes as set forth in Section 9.1(b) of the Final ProspectusCompany’s Amended and Restated Certificate of Incorporation, dated March 10, 2016. For Subscriber hereby acknowledges and in consideration agrees that, except with respect to shares of AXXX entering into Class A Common Stock of the Company owned by the undersigned acquired other than pursuant to this Subscription Agreement, the receipt and sufficiency Subscriber has no right of which are hereby acknowledgedset-off or any right, title, interest or claim of any kind (“Claim”) to, or to any monies or other assets in, the InvestorTrust Account, on behalf of itself and its representatives, hereby irrevocably waives any and all rightClaim to, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in or other assets in, the Trust Account (that it may have now or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and future. Subscriber further agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Subscription. The undersigned acknowledges and agrees that the undersigned shall not have any redemption rights with respect to the Acquired Securities pursuant to the Company’s Certificate of Incorporation in connection with any stockholder proposals related to the Transaction, any subsequent liquidation of the Trust Account or the Company or otherwise. In the event the undersigned has any Claim against the Company under this Agreement or otherwise, the transactions contemplated hereby regardless undersigned shall pursue such Claim solely against the Company and its assets held outside of whether such claim arises based on contract, tort, equity the Trust Account and not against the Trust Account or any monies or other theory of legal liability; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies assets held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightAccount.

Appears in 2 contracts

Samples: Subscription Agreement (KLR Energy Acquisition Corp.), Subscription Agreement (KLR Energy Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA NGA is a blank check check, special purpose acquisition company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA NGA and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYANGA’s final prospectus relating to its initial public offering dated February 25, 2021 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYANGA’s assets consist of the cash proceeds of ARYANGA’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYANGA, its public shareholders stockholders and the underwriters of ARYANGA’s initial public offering. Except with respect to interest earned on , and the funds held in the Trust Account that may be released to ARYA to pay its tax obligations, if any, the cash and other assets in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX NGA entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or and any claim claims of any kind it any of them has or may have in the futurefuture have, in any case arising out of this Subscription Agreement, in or to any monies held in the Trust Account (funds or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions other assets held in the Trust Account), and agrees not to seek recourse against the Trust Account or the funds or assets held therein as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s any right, title, interest or claim of Subscriber to any monies held funds or other assets in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of NGA acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightNGA.

Appears in 2 contracts

Samples: Subscription Agreement (Northern Genesis Acquisition Corp.), Subscription Agreement (Lion Electric Co)

Trust Account Waiver. The Investor acknowledges that ARYA XXXX is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA XXXX and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAXXXX’s final prospectus relating to its initial public offering dated February 25June 15, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYARONI’s assets consist of the cash proceeds of ARYARONI’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAXXXX, its public shareholders and the underwriters of ARYARONI’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA XXXX to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX XXXX entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably (a) waives any and all right, title and interest, or any claim of any kind kind, it has or may have in the future, future in or to any monies held in the Trust Account (or distributions therefrom to ARYARONI’s public shareholders or to the underwriters of ARYAXXXX’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and (b) agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAccount; provided, however, that nothing in this Section 10 shall (i) serve to limit or prohibit the Investor’s right to pursue a claim against assets held outside the Trust Account for specific performance or other equitable relief, (ii) serve to limit or prohibit any claims that the Investor may have in the future against XXXX’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) or (iii) be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionother than pursuant to this Subscription Agreement, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates XXXX to not exercise such redemption right.

Appears in 2 contracts

Samples: Subscription Agreement (Rice Acquisition Corp. II), Subscription Agreement (Rice Acquisition Corp. II)

Trust Account Waiver. The Investor Existing Shareholder acknowledges that ARYA HPX is a blank check company with the powers and privileges necessary or convenient to effect the conduct, promotion or attainment of the business or purposes of HPX, including, but not limited to effecting a merger, asset acquisition, reorganization or similar business combination involving ARYA HPX and one or more businesses or assets. The Investor Existing Shareholder further acknowledges that, as described in ARYAHPX’s final prospectus relating to its initial public offering dated February 25July 15, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAHPX’s assets consist of the cash proceeds of ARYAHPX’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAHPX, its public shareholders and the underwriters of ARYAHPX’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA HPX to pay its tax obligations, if any, and for working capital, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, The Existing Shareholder hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contractAgreement, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 8 shall be deemed to limit the InvestorExisting Shareholder’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Existing Shareholder’s record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A HPX Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption right.

Appears in 2 contracts

Samples: Business Combination Agreement (HPX Corp.), Shareholder Non Redemption Agreement (HPX Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAthe SPAC’s final prospectus relating to its initial public offering dated February 25October 19, 2021 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if anyobligations (and up to $100,000 to pay dissolution expenses), the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX SPAC entering into this Subscription Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its affiliates and representatives, notwithstanding anything to the contrary in this Subscription Agreement, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYASPAC’s public shareholders or to the underwriters of ARYASPAC’s initial public offering in respect of their deferred underwriting commissions held in the Trust AccountAccount (“Public Distributions”)), and agrees not to seek recourse against the Trust Account or Public Distributions for any reason whatsoever (regardless of whether such claim arises as a result of, in connection with or arising out ofrelating in any way to, this Subscription Agreement or the transactions contemplated hereby any other matter, and regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability); provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionCommon Stock currently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021Common Stock, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right. Investor agrees and acknowledges that such irrevocable waiver is material to this Subscription Agreement and specifically relied upon by SPAC and its affiliates to induce SPAC to enter in this Subscription Agreement, and Investor further intends and understands such waiver to be valid, binding and enforceable against Investor and each of its affiliates and representatives under applicable law. Notwithstanding anything to the contrary contained in this Subscription Agreement, the provisions of this Section 10 shall survive the Closing or any termination of this Subscription Agreement and last indefinitely.

Appears in 2 contracts

Samples: Subscription Agreement (ESGEN Acquisition Corp), Subscription Agreement (ESGEN Acquisition Corp)

Trust Account Waiver. The Investor acknowledges that ARYA Highland Transcend is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Highland Transcend and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAHighland Transcend’s final prospectus relating to its initial public offering dated February 25December 2, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAHighland Transcend’s assets consist of the cash proceeds of ARYAHighland Transcend’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAHighland Transcend, its public shareholders and the underwriters underwriter of ARYAHighland Transcend’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Highland Transcend to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX Highland Transcend entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 11 shall (a) serve to limit or prohibit the Investor’s right to pursue a claim against Highland Transcend for legal relief against assets held outside the Trust Account (so long as such claim would not affect Highland Transcend’s ability to fulfill its obligation to effectuate any redemption right with respect to any securities of Highland Transcend), for specific performance or other equitable relief, (b) serve to limit or prohibit any claims that the Investor may have in the future against Highland Transcend’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) so long as such claim would not affect Highland Transcend’s ability to fulfill its obligation to effectuate any redemption right with respect to any securities of Highland Transcend or (c) be deemed to limit the Investor’s right, title, interest or claim right to any monies held in distributions from the Trust Account by virtue in accordance with Highland Transcend’s amended and restated memorandum and articles of its record or beneficial ownership association as in effect prior to the Domestication in respect of publicly traded Class A Shares acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 2 contracts

Samples: Subscription Agreement (Highland Transcend Partners I Corp.), Subscription Agreement (Highland Transcend Partners I Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA FLAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA FLAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAFLAC’s final prospectus relating to its initial public offering dated February 25December 8, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAFLAC’s assets consist of the cash proceeds of ARYAFLAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAFLAC, its public shareholders and the underwriters of ARYAFLAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA FLAC to pay its tax obligations, if any, the cash and other assets in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX New NAP and FLAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account future as a result of, or arising out of, this Subscription Agreement Agreement, in or to any monies held in the transactions contemplated hereby regardless of whether Trust Account, and agrees not to seek recourse against the Trust Account for such claim arises based on contract, tort, equity or any other theory of legal liabilitya claim; provided, however, that nothing in this Section 10 9 shall (x) serve to limit or prohibit the Investor’s right to pursue a claim against FLAC for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief, (y) serve to limit or prohibit any claims that the Investor may have in the future against FLAC’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), or (z) be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded FLAC’s Class A Ordinary Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Ordinary Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates FLAC to not exercise such redemption right.

Appears in 2 contracts

Samples: Business Combination Agreement (Frazier Lifesciences Acquisition Corp), Subscription Agreement (Frazier Lifesciences Acquisition Corp)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA IIAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Company and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAIIAC’s final prospectus relating to its initial public offering dated February 25November 18, 2021 2020 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIIAC’s assets consist of the cash proceeds of ARYAIIAC’s initial public offering and a private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIIAC, its public shareholders and the underwriters of ARYAIIAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA IIAC to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX IIAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably irrevocable waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 8 shall (x) serve to limit or prohibit the Subscriber’s right to pursue a claim against IIAC for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief, (y) serve to limit or prohibit any claims that the Subscriber may have in the future against IIAC’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) or (z) be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of IIAC acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightCompany.

Appears in 2 contracts

Samples: Subscription Agreement (Ermenegildo Zegna Holditalia S.p.A.), Subscription Agreement (Investindustrial Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYASPAC’s final prospectus relating to its initial public offering dated February 25November 18, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, representatives hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYASPAC’s public shareholders or to the underwriters underwriter of ARYASPAC’s initial public offering in respect of their its deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right.

Appears in 2 contracts

Samples: Subscription Agreement (Foster James Christopher), Subscription Agreement (L&F Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA Tailwind is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Tailwind and one or more businesses or assets. The Investor further acknowledges that, as described in ARYATailwind’s final prospectus relating to its initial public offering dated February 25September 3, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYATailwind’s assets consist of the cash proceeds of ARYATailwind’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYATailwind, its public shareholders and the underwriters of ARYATailwind’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Tailwind to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX Tailwind entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionCommon Stock currently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A SharesCommon Stock, in accordance with ARYATailwind’s Amended and Restated Memorandum and Articles Certificate of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, Incorporation and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYATailwind, dated March 2September 9, 20212020, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYATailwind, the Company or any of their respective affiliates in writing to not exercise such redemption right.

Appears in 2 contracts

Samples: Subscription Agreement (Tailwind Acquisition Corp.), Subscription Agreement (Tailwind Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 25November 24, 2021 2020 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Issuer, its public shareholders stockholders and the underwriters of ARYAthe Issuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably irrevocable waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 8 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightIssuer.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Spartan Acquisition Corp. II), Subscription Agreement (Spartan Acquisition Corp. II)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Company is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Company and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Company’s final prospectus relating to its initial public offering dated February 25December 10, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Company’s assets consist of the cash proceeds of ARYAthe Company’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Company, its public shareholders stockholders and the underwriters of ARYAthe Company’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Company to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Company entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Subscriber hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 7 shall be deemed to limit the InvestorSubscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its Subscriber’s record or beneficial ownership of publicly traded Class A Shares shares of the Company acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightCompany.

Appears in 2 contracts

Samples: Vi Subscription Agreement (Gores Holdings VI, Inc.), Vi Subscription Agreement (Gores Holdings VI, Inc.)

Trust Account Waiver. The Investor acknowledges that ARYA PFDR is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA PFDR and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAPFDR’s final prospectus relating to its initial public offering dated February 2516, 2021 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAPFDR’s assets consist of the cash proceeds of ARYAPFDR’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAPFDR, its public shareholders and the underwriters of ARYAPFDR’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA PFDR to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX PFDR entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Ordinary Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Ordinary Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYAPFDR, the Company Company, or any of their respective affiliates to not exercise such redemption right.

Appears in 2 contracts

Samples: Subscription Agreement (Pathfinder Acquisition Corp), Subscription Agreement (Pathfinder Acquisition Corp)

Trust Account Waiver. The Investor Company acknowledges that ARYA HTP is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA and one or more businesses or assetsBusiness Combination. The Investor Company further acknowledges that, as described in ARYA’s final the prospectus relating to its initial public offering dated February 25December 2, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxx), substantially all of ARYAHTP’s assets consist of the cash proceeds of ARYAHTP’s initial public offering and private placement placements of its securities, securities and substantially all of those proceeds have been deposited in a trust account (the Trust Account”) Account for the benefit of ARYAHTP, certain of its public shareholders and the underwriters of ARYAHTP’s initial public offering. Except The Company acknowledges that it has been advised by HTP that, except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA HTP to pay its tax obligations, if anyincome and franchise Taxes, the Trust Agreement provides that cash in the Trust Account may be disbursed only for (a) if HTP completes the purposes set forth transactions which constitute a Business Combination, then to those Persons and in such amounts as described in the Final Prospectus; and (b) if HTP fails to complete a Business Combination within the allotted time period and liquidates, subject to the terms of the Trust Agreement and the HTP Governing Document, to HTP to permit HTP to pay the costs and expenses of its dissolution, and then to HTP’s public shareholders. For and in consideration of AXXX HTP entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Company hereby irrevocably waives any and all right, title and interesttitle, interest or any claim of any kind it has they have or may have in the future, future in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees agree not to seek recourse against the Trust Account or any funds distributed therefrom as a result of, or arising out of, this Subscription Agreement and any negotiations, contracts or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity agreements with HTP or any other theory of legal liabilityPerson; provided, however, that nothing in this Section 10 8.04 shall amend, limit, alter, change, supersede or otherwise modify the right of the Company or the Holder Representative to (i) bring any action or actions for specific performance, injunctive and/or other equitable relief or (ii) bring or seek a claim for Damages against HTP, or any of its successors or assigns, for any breach of this Agreement (but such claim shall not be deemed to limit the Investor’s right, title, interest or claim to any monies held in against the Trust Account by virtue or any funds distributed from the Trust Account to holders of its record or beneficial ownership of publicly traded Class A HTP Ordinary Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, HTP Governing Document and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightAgreement).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Highland Transcend Partners I Corp.), Agreement and Plan of Merger (Highland Transcend Partners I Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYASPAC’s final prospectus relating to its initial public offering dated February 25September 16, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right.

Appears in 2 contracts

Samples: Form of Subscription Agreement (Oaktree Acquisition Corp. II), Form of Subscription Agreement (Oaktree Acquisition Corp. II)

Trust Account Waiver. The Investor acknowledges that ARYA Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Issuer and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIssuer’s final prospectus relating to its initial public offering dated February 25July 27, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIssuer’s assets consist of the cash proceeds of ARYAIssuer’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIssuer, its public shareholders and the underwriters underwriter of ARYAIssuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and irrevocably agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement. Investor agrees and acknowledges that such irrevocable waiver is material to this Subscription Agreement and specifically relied upon by Issuer and its affiliates to induce Issuer to enter in this Subscription Agreement, and each such party further intends and understands such waiver to be valid, binding and enforceable against the Investor and its affiliates under applicable law. To the extent Investor commences any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, monetary relief against Issuer or its affiliates, the transactions contemplated Investor hereby regardless acknowledges and agrees that the Investor’s sole remedy shall be against funds held outside of whether the Trust Account and that such claim arises based on contract, tort, equity shall not permit the Investor (or any other theory person claiming on any of their behalves or in lieu of any of the Investor) to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein and in the event of any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, relief against the Trust Account (including any distributions therefrom) in violation of this Subscription Agreement, Issuer shall be entitled to recover from the Investor and its affiliates, the associated legal liability; providedfees and costs in connection with any such action, howeverin the event Issuer or its affiliates, that nothing as applicable, prevails in such action or proceeding. Notwithstanding any else in this Section 10 10, nothing herein shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares any equity interests in Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 2 contracts

Samples: Subscription Agreement (ACE Convergence Acquisition Corp.), Form of Note Subscription Agreement (ACE Convergence Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA NETC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA NETC and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYANETC’s final prospectus relating to its initial public offering dated February 25November 16, 2021 (the “Final Prospectus”) ), available at wxx.xxx.xxx, substantially all of ARYANETC’s assets consist of the cash proceeds of ARYA’s its initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYANETC, its public shareholders stockholders and the underwriters of ARYA’s its initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA NETC to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX NETC and the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 8 shall be deemed to limit the InvestorSubscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Subscriber’s record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionsecurities of NETC, pursuant including but not limited to a validly exercised any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightIssuer.

Appears in 2 contracts

Samples: Subscription Agreement (Nabors Energy Transition Corp.), Subscription Agreement (Nabors Energy Transition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA IIAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Company and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAIIAC’s final prospectus relating to its initial public offering dated February 25November 18, 2021 2020 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIIAC’s assets consist of the cash proceeds of ARYAIIAC’s initial public offering and a private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIIAC, its public shareholders and the underwriters of ARYAIIAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA IIAC to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX IIAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably irrevocable waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 8 shall (x) serve to limit or prohibit the Subscriber’s right to pursue a claim against IIAC for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief, (y) serve to limit or prohibit any claims that the Subscriber may have in the future against IIAC’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) or (z) be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionsecurities of IIAC, pursuant including but not limited to a validly exercised any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightIIAC.

Appears in 2 contracts

Samples: Redemption Offset Agreement (Ermenegildo Zegna N.V.), Redemption Offset Agreement (Investindustrial Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 2522, 2021 (the “Final February 2021 Prospectus”) ), available at wxx.xxx.xxxxxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYA, its public shareholders and the underwriters of ARYA’s its initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final February 2021 Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its affiliates and representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture as a result of, or arising out of, this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse or make or bring any action, suit, claim or other proceeding against the Trust Account as a result of, or arising out of, this Subscription Agreement or Agreement, the transactions contemplated hereby or the Acquired Shares, regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, provided however, that nothing in this Section 10 7 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance securities of the Issuer. Subscriber acknowledges and agrees that it shall not have any redemption rights with ARYArespect to the Acquired Shares pursuant to the Issuer’s Amended and Restated Memorandum and Articles of Association, as amended organizational documents in connection with the shareholder meeting Transactions or any other business combination, any subsequent liquidation of ARYA on February 28the Trust Account or the Issuer or otherwise. In the event Subscriber has any claim against the Issuer as a result of, 2023 and as may be subsequently amended from time to timeor arising out of, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYAthis Subscription Agreement, the Company transactions contemplated hereby or the Acquired Shares, it shall pursue such claim solely against the Issuer and its assets outside the Trust Account and not against the Trust Account or any monies or other assets in the Trust Account. This paragraph shall survive any termination of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 2 contracts

Samples: Subscription Agreement (FTAC Athena Acquisition Corp.), Subscription Agreement (FTAC Athena Acquisition Corp.)

Trust Account Waiver. The Investor Buyer acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor Buyer further acknowledges that, as described in ARYASPAC’s final prospectus relating to its initial public offering dated February 25September 9, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters underwriter of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Buyer hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and irrevocably agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement. The Buyer agrees and acknowledges that such irrevocable waiver is material to this Agreement and specifically relied upon by SPAC and its affiliates to induce it to enter in this Agreement, and each such party further intends and understands such waiver to be valid, binding and enforceable against the Buyer and its affiliates under applicable law. To the extent the Buyer commences any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to SPAC or its affiliates, which proceeding seeks, in whole or in part, monetary relief against SPAC or its affiliates, the transactions contemplated Buyer hereby regardless acknowledges and agrees that the Buyer’s sole remedy shall be against funds held outside of whether the Trust Account and that such claim arises based on contract, tort, equity shall not permit the Buyer (or any other theory person claiming on any of their behalf or in lieu of any of the Buyer) to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein and in the event of any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to SPAC or its affiliates, which proceeding seeks, in whole or in part, relief against the Trust Account (including any distributions therefrom) in violation of this Agreement, SPAC shall be entitled to recover from the Buyer and its affiliates, the associated legal liability; providedfees and costs in connection with any such action, howeverin the event SPAC or its affiliates, that nothing as applicable, prevails in such action or proceeding. Notwithstanding anything else in this Section 10 5.03, nothing herein shall be deemed to limit the InvestorBuyer’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Buyer’s (x) record or beneficial ownership of publicly traded Class A Shares securities of SPAC acquired in an open market transaction, by any means other than pursuant to a validly exercised this Agreement or (y) redemption right rights in connection with the Transactions with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with SPAC owned by the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightBuyer.

Appears in 2 contracts

Samples: Agreement (Prime Impact Acquisition I), Agreement (Cheche Group Inc.)

Trust Account Waiver. The Investor acknowledges that ARYA Sandbridge is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Sandbridge and one or more businesses or assets. The Investor further acknowledges that, as described in ARYASandbridge’s final prospectus relating to its initial public offering dated February 25September 14, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASandbridge’s assets consist of the cash proceeds of ARYASandbridge’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASandbridge, its public shareholders stockholders and the underwriters of ARYASandbridge’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Sandbridge to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Sandbridge entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded shares of Class A Shares acquired in an open market transactionStock currently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such shares of Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021Stock, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates Sandbridge to not exercise such redemption right.

Appears in 2 contracts

Samples: Subscription Agreement (Sandbridge Acquisition Corp), Business Combination Agreement (Sandbridge Acquisition Corp)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA IIAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Company and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAIIAC’s final prospectus relating to its initial public offering dated February 25November 18, 2021 2020 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIIAC’s assets consist of the cash proceeds of ARYAIIAC’s initial public offering and a private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIIAC, its public shareholders and the underwriters of ARYAIIAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA IIAC to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX IIAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself himself or herself and its his or her representatives, hereby irrevocably irrevocable waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 8 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of IIAC acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightCompany.

Appears in 2 contracts

Samples: Joinder Agreement (Investindustrial Acquisition Corp.), Joinder Agreement (Ermenegildo Zegna Holditalia S.p.A.)

Trust Account Waiver. The Investor acknowledges that ARYA Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Issuer and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIssuer’s final prospectus relating to its initial public offering dated February 25July 27, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAIssuer’s assets consist of the cash proceeds of ARYAIssuer’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIssuer, its public shareholders and the underwriters underwriter of ARYAIssuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and irrevocably agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement. Investor agrees and acknowledges that such irrevocable waiver is material to this Subscription Agreement and specifically relied upon by Issuer and its affiliates to induce Issuer to enter in this Subscription Agreement, and each such party further intends and understands such waiver to be valid, binding and enforceable against the Investor and its affiliates under applicable law. To the extent Investor commences any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, monetary relief against Issuer or its affiliates, the transactions contemplated Investor hereby regardless acknowledges and agrees that the Investor’s sole remedy shall be against funds held outside of whether the Trust Account and that such claim arises based on contract, tort, equity shall not permit the Investor (or any other theory person claiming on any of their behalves or in lieu of any of the Investor) to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein and in the event of any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, relief against the Trust Account (including any distributions therefrom) in violation of this Subscription Agreement, Issuer shall be entitled to recover from the Investor and its affiliates, the associated legal liability; providedfees and costs in connection with any such action, howeverin the event Issuer or its affiliates, that nothing as applicable, prevails in such action or proceeding. Notwithstanding any else in this Section 10 10, nothing herein shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares any equity interests in Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 2 contracts

Samples: Subscription Agreement (ACE Convergence Acquisition Corp.), Subscription Agreement (ACE Convergence Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA and one or more businesses or assets. The Investor further acknowledges that, as described in ARYA’s final prospectus relating to its initial public offering dated February 25, 2021 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYA’s assets consist of the cash proceeds of ARYA’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYA, its public shareholders and the underwriters of ARYA’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX ARYA entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares outstanding on the date hereof (whether acquired in an open market transactionby the Investor prior to, on or after the date hereof), pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, Association and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption right.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (ARYA Sciences Acquisition Corp IV), Limited Liability Company Agreement (Amicus Therapeutics, Inc.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 25June 27, 2021 2017 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Issuer, its public shareholders and the underwriters of ARYAthe Issuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightAgreement.

Appears in 2 contracts

Samples: Subscription Agreement (TPG Pace Holdings Corp.), Subscription Agreement (TPG Pace Holdings Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the SPAC and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYA’s final prospectus relating to its initial public offering dated February 25, 2021 (the “Final Prospectus”) Prospectus available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe SPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering (including overallotment securities sold by the SPAC’s underwriter thereafter) and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they now have or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYAthe SPAC’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account)stockholders, and agrees not to seek recourse against the Trust Account for any claims in connection with, as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityhereby; provided, however, that nothing in this Section 10 9 (x) shall serve to limit or prohibit Subscriber’s right to pursue a claim against SPAC for legal relief against assets held outside the Trust Account (other than distributions to the SPAC’s public stockholders), for specific performance or other equitable relief, (y) shall serve to limit or prohibit any claims that Subscriber may have in the future against SPAC’s assets or funds that are not held in the Trust Account (including any funds that have been released from the Trust Account (other than distributions to the SPAC’s public stockholders) and any assets that have been purchased or acquired with any such funds) or (z) shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the SPAC acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightSPAC.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Pacifico Acquisition Corp.), Pipe Subscription Agreement (Caravelle International Group)

Trust Account Waiver. The Investor acknowledges that ARYA is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA and one or more businesses or assets. The Investor further acknowledges that, as described in ARYA’s final prospectus relating to its initial public offering dated February 25August 6, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYA’s assets consist of the cash proceeds of ARYA’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYA, its public shareholders and the underwriters of ARYA’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX ARYA entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionother than pursuant to this Subscription Agreement, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, Association and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2August 11, 20212020, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption right.

Appears in 2 contracts

Samples: Subscription Agreement (ARYA Sciences Acquisition Corp III), Subscription Agreement (ARYA Sciences Acquisition Corp III)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assetsbusinesses. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 25June 29, 2021 (the “Final Prospectus”) 2020, available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Issuer, its public shareholders stockholders and the underwriters of ARYAthe Issuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself itself, and its representativesaffiliates and Representatives (acting on behalf of Subscriber), hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture as a result of, or arising out of, this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse or make or bring any action, suit, claim or other proceeding against the Trust Account as a result of, or arising out of, this Subscription Agreement or Agreement, the transactions contemplated hereby or the Acquired Shares, regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability. Subscriber acknowledges and agrees that it shall not have any redemption rights with respect to the Acquired Shares pursuant to the Issuer’s organizational documents in connection with the Transactions or any other business combination, any subsequent liquidation of the Trust Account or the Issuer or otherwise. In the event Subscriber has any claim against the Issuer as a result of, or arising out of, this Subscription Agreement, the transactions contemplated hereby or the Acquired Shares, it shall pursue such claim solely against the Issuer and its assets outside the Trust Account and not against the Trust Account or any monies or other assets in the Trust Account; provided, however, that nothing in this Section 10 9 shall (x) serve to limit or prohibit the Subscriber’s right to pursue a claim against Issuer for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief, (y) serve to limit or prohibit any claims that the Subscriber may have in the future against Issuer’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), or (z) be deemed to limit the InvestorSubscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its Subscriber’s record or beneficial ownership of publicly traded Class A Shares of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 2 contracts

Samples: Assignment and Subscription Agreement (GSAM Holdings LLC), Assignment and Subscription Agreement (GSAM Holdings LLC)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 25October 15, 2021 2020 (the “Final October 2020 Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYA, its public shareholders stockholders and the underwriters of ARYA’s its initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final October 2020 Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its affiliates and representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture as a result of, or arising out of, this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse or make or bring any action, suit, claim or other proceeding against the Trust Account as a result of, or arising out of, this Subscription Agreement or Agreement, the transactions contemplated hereby or the Acquired Shares, regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 8 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance securities of the Company. Subscriber acknowledges and agrees that it shall not have any redemption rights with ARYArespect to the Acquired Shares pursuant to the Issuer’s Amended and Restated Memorandum and Articles certificate of Association, as amended incorporation in connection with the shareholder meeting Transactions or any other business combination, any subsequent liquidation of ARYA on February 28the Trust Account or the Issuer or otherwise. In the event Subscriber has any claim against the Issuer as a result of, 2023 and as may be subsequently amended from time to timeor arising out of, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYAthis Subscription Agreement, the Company transactions contemplated hereby or the Acquired Shares, it shall pursue such claim solely against the Issuer and its assets outside the Trust Account and not against the Trust Account or any monies or other assets in the Trust Account. This paragraph shall survive any termination of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 2 contracts

Samples: Subscription Agreement (Nextnav Inc.), Subscription Agreement (Spartacus Acquisition Corp)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Company is a blank check company with the powers and privileges to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving ARYA and with one or more businesses or assetsentities. The Investor Subscriber further acknowledges that, as described in ARYAthe Company’s final prospectus relating to its initial public offering dated February 25March 10, 2021 2016 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Company’s assets consist of the cash proceeds of ARYAthe Company’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Company, its public shareholders stockholders and the underwriters of ARYAthe Company’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Company to pay its income tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes as set forth in Section 9.1(b) of the Final ProspectusCertificate of Incorporation. For Subscriber hereby acknowledges and in consideration agrees that, except with respect to shares of AXXX entering into Class A Common Stock of the Company owned by the undersigned acquired other than pursuant to this Subscription Agreement, the receipt and sufficiency Subscriber has no right of which are hereby acknowledgedset-off or any right, title, interest or claim of any kind (“Claim”) to, or to any monies or other assets in, the InvestorTrust Account, on behalf of itself and its representatives, hereby irrevocably waives any and all rightClaim to, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in or other assets in, the Trust Account (that it may have now or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and future. Subscriber further agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription. The undersigned acknowledges and agrees that the undersigned shall not have any redemption rights with respect to the Acquired Securities pursuant to the Certificate of Incorporation in connection with any stockholder proposals related to the Transaction, any subsequent liquidation of the Trust Account or the Company or otherwise. In the event the undersigned has any Claim against the Company under this Subscription Agreement or otherwise, the transactions contemplated hereby regardless undersigned shall pursue such Claim solely against the Company and its assets held outside of whether such claim arises based on contract, tort, equity the Trust Account and not against the Trust Account or any monies or other theory of legal liability; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies assets held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightAccount.

Appears in 2 contracts

Samples: Subscription Agreement (KLR Energy Acquisition Corp.), Subscription Agreement (KLR Energy Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA Ivanhoe is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Ivanhoe and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIvanhoe’s final prospectus dated as of January 6, 2021 (the “Prospectus”), relating to its initial public offering dated February 25, 2021 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIvanhoe’s assets consist of the cash proceeds of ARYAIvanhoe’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIvanhoe, its public shareholders and the underwriters of ARYAIvanhoe’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Ivanhoe to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX Ivanhoe entering into this Subscription Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account Account, regardless of whether such claim arises as a result of, in connection with or arising out ofrelating in any way to, this Subscription Agreement or the transactions contemplated hereby any other matter, and regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityliability (the “Released Claims”); provided, howeverthat the Released Claims shall not include any claims that the Investor may have solely in the Investor’s capacity as a record or beneficial holder of any shares acquired by any means other than this Subscription Agreement, including (without limitation) pursuant to a validly exercised redemption right with respect to any such shares; provided that nothing in this Section 10 9 (x) shall serve to limit or prohibit the Investor’s right to pursue a claim against Ivanhoe for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief, (y) shall serve to limit or prohibit any claims that the Investor may have in the future against Ivanhoe’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) or (z) shall be deemed to limit the Investor’s right, title, interest interest, or claim to any monies held in the Trust Account by virtue of its such Investor’s record or beneficial ownership of publicly traded Class A Shares securities of Ivanhoe acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021Ivanhoe, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates Ivanhoe not to not exercise such redemption right. This Section 9 shall survive the termination of this Subscription Agreement for any reason.

Appears in 2 contracts

Samples: Form of Subscription Agreement (Ivanhoe Capital Acquisition Corp.), Form of Subscription Agreement (Ivanhoe Capital Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA NextGen is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA NextGen and one or more businesses or assets. The Investor further acknowledges that, as described in ARYANextGen’s final prospectus relating to its initial public offering dated February 25October 6, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYANextGen’s assets consist of the cash proceeds of ARYANextGen’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYANextGen, its public shareholders and the underwriters underwriter of ARYANextGen’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA NextGen to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX NextGen entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, provided that nothing in this Section 10 9 shall (x) serve to limit or prohibit the Investor’s right to pursue a claim against NextGen for legal relief against assets held outside the Trust Account (so long as such claim would not affect NextGen’s ability to fulfill its obligation to effectuate any redemption right with respect to any securities of NextGen), for specific performance or other equitable relief, (y) serve to limit or prohibit any claims that the Investor may have in the future against NextGen’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) (so long as such claim would not affect NextGen’s ability to fulfill its obligation to effectuate any redemption right with respect to any securities of NextGen) or (z) be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares of NextGen acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 2 contracts

Samples: Subscription Agreement (Xos, Inc.), Subscription Agreement (NextGen Acquisition Corp)

Trust Account Waiver. The Investor acknowledges that ARYA CCNB1 is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA CCNB1 and one or more businesses or assets. The Investor further acknowledges that, as described in ARYACCNB1’s final prospectus relating to its initial public offering dated February 25April 23, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYACCNB1’s assets consist of the cash proceeds of ARYACCNB1’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYACCNB1, its public shareholders and the underwriters of ARYACCNB1’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA CCNB1 to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX CCNB1 entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates CCNB1 to not exercise such redemption right.

Appears in 2 contracts

Samples: Subscription Agreement (CC Neuberger Principal Holdings I), Subscription Agreement (CC Neuberger Principal Holdings I)

Trust Account Waiver. The Investor acknowledges that ARYA Xxxxxxx is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Xxxxxxx and one or more businesses or assets. The Investor further acknowledges that, as described in ARYA’s final Xxxxxxx’x prospectus relating to its initial public offering dated February 25July 17, 2021 2019 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYA’s Xxxxxxx’x assets consist of the cash proceeds of ARYA’s Xxxxxxx’x initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAXxxxxxx, its public shareholders and the underwriters of ARYA’s Xxxxxxx’x initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Xxxxxxx to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX Xxxxxxx entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates Xxxxxxx to not exercise such redemption right.

Appears in 2 contracts

Samples: Subscription Agreement (Conyers Park II Acquisition Corp.), Subscription Agreement (Conyers Park II Acquisition Corp.)

Trust Account Waiver. The Investor Grantee acknowledges that ARYA PFDR is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA PFDR and one or more businesses or assets. The Investor Grantee further acknowledges that, as described in ARYAPFDR’s final prospectus relating to its initial public offering dated February 2516, 2021 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAPFDR’s assets consist of the cash proceeds of ARYAPFDR’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAPFDR, its public shareholders and the underwriters of ARYAPFDR’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA PFDR to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX PFDR entering into this Subscription Equity Grant Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Grantee hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightEquity Grant Agreement.

Appears in 2 contracts

Samples: Equity Grant Agreement (Fp Credit Partners Ii, L.P.), Equity Grant Agreement (Pathfinder Acquisition Corp)

Trust Account Waiver. The Investor acknowledges that ARYA Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Issuer and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIssuer’s final prospectus relating to its initial public offering dated February 25January 15, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIssuer’s assets consist of the cash proceeds of ARYAIssuer’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIssuer, its public shareholders and the underwriters underwriter of ARYAIssuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall (x) serve or be deemed to limit or prohibit Investor’s right to pursue a claim against Issuer for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief; (y) serve or be deemed to limit or prohibit any claims that Investor may have in the future against Issuer’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 such funds); or (z) be deemed to limit Investor’s right to distributions from the Trust Account in accordance with the Issuer’s organizational documents in respect of the shares acquired by any means other than pursuant to this Subscription Agreement or any Investor’s right, title, interest or claim to the Trust Account, or to any monies held in the Trust Account therein, by virtue of its such Investor’s record or beneficial ownership of publicly traded Class A Shares securities of the Company acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightCompany.

Appears in 2 contracts

Samples: Subscription Agreement (Bright Lights Acquisition Corp.), Subscription Agreement (Bright Lights Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 25September 2, 2021 2020 (the “Final September 2020 Prospectus”) ), available at wxx.xxx.xxxsxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYA, its public shareholders stockholders and the underwriters of ARYA’s its initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final September 2020 Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its affiliates and representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture as a result of, or arising out of, this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse or make or bring any action, suit, claim or other proceeding against the Trust Account as a result of, or arising out of, this Subscription Agreement or Agreement, the transactions contemplated hereby or the Acquired Shares, regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, provided however, that nothing in this Section 10 7 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance securities of the Issuer. Subscriber acknowledges and agrees that it shall not have any redemption rights with ARYArespect to the Acquired Shares pursuant to the Issuer’s Amended and Restated Memorandum and Articles certificate of Association, as amended incorporation in connection with the shareholder meeting Transactions or any other business combination, any subsequent liquidation of ARYA on February 28the Trust Account or the Issuer or otherwise. In the event Subscriber has any claim against the Issuer as a result of, 2023 and as may be subsequently amended from time to timeor arising out of, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYAthis Subscription Agreement, the Company transactions contemplated hereby or the Acquired Shares, it shall pursue such claim solely against the Issuer and its assets outside the Trust Account and not against the Trust Account or any monies or other assets in the Trust Account. This paragraph shall survive any termination of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (Cohen & Co Inc.)

Trust Account Waiver. The Investor acknowledges that ARYA is a blank check company with Notwithstanding anything to the powers contrary set forth in this Agreement, the Company, each Company Acquisition Entity and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA and one or more businesses or assets. The Investor further each SPAC Acquisition Entity acknowledges that, as described in ARYA’s the final prospectus relating to its initial public offering of SPAC, dated February 25Xxxxx 00, 2021 0000 (the “Final Prospectus”) Xxxx No. 333-252633), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement placements of its securities, securities and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, certain of its public shareholders and the underwriters of ARYASPAC’s initial public offeringoffering (the “Trust Account”). Except with respect to interest earned on the The Company, each Company Acquisition Entity and each SPAC Acquisition Entity further acknowledges that it has been advised by SPAC that funds held in the Trust Account that may be released to ARYA to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for in accordance with the purposes set forth in Trust Agreement and the Final ProspectusSPAC Articles. For and in consideration of AXXX SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, Company (on behalf of itself and its representativesAffiliates), each Company Acquisition Entity and each SPAC Acquisition Entity hereby irrevocably waives any and all right, title and interesttitle, interest or any claim of any kind it has they have or may have in the future, future in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees agree not to seek recourse against the Trust Account or any funds distributed therefrom as a result of, or arising out of, this Subscription Agreement and any negotiations, Contracts or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityagreements with SPAC; provided, however, that (x) nothing in this Section 10 herein shall be deemed serve to limit or prohibit the InvestorCompany’s rightright to pursue a claim against SPAC for legal relief against monies or other assets held outside the Trust Account, titlefor specific performance or other equitable relief in connection with the consummation of the Transactions (including a claim for First Surviving Company to specifically perform its obligations under this Agreement and cause the disbursement of the balance of the cash remaining in the Trust Account (after giving effect to the SPAC Share Redemption) to the Company in accordance with the terms of this Agreement and the Trust Agreement) so long as such claim would not affect SPAC’s or First Surviving Company’s ability to fulfill its obligation to effectuate the SPAC Share Redemption, interest or claim for fraud, and (y) nothing herein shall serve to limit or prohibit any monies claims that the Company may have in the future against SPAC’s assets or funds that are not held in the Trust Account by virtue of its record (including any funds that have been released from the Trust Account and any assets that have been purchased or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightfunds).

Appears in 1 contract

Samples: Business Combination Agreement (APRINOIA Therapeutics Holdings LTD)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA DCRN is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA DCRN and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYADCRN’s final prospectus relating to its initial public offering dated February 253, 2021 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYADCRN’s assets consist of the cash proceeds of ARYA’s its initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYADCRN, its public shareholders stockholders and the underwriters of ARYA’s its initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA DCRN to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX DCRN and the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the InvestorSubscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Subscriber’s record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionsecurities of DCRN, pursuant including but not limited to a validly exercised any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightIssuer.

Appears in 1 contract

Samples: Subscription Agreement (Decarbonization Plus Acquisition Corp II)

Trust Account Waiver. The Investor acknowledges that ARYA Apex is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Apex and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAApex’s final prospectus relating to its initial public offering dated February 25September 16, 2021 2019 (the “Final Apex Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAApex’s assets consist of the cash proceeds of ARYAApex’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAApex, its public shareholders and the underwriters of ARYAApex’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Apex to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Apex Prospectus. For and in consideration of AXXX Apex entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (Account, regardless of whether such claim arises as a result of, in connection with or distributions therefrom to ARYA’s public shareholders relating in any way to, this Subscription Agreement or to any proposed or actual business relationship between Apex or its affiliates, on the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account)one hand, and the Investor or its representatives, on the other hand, or any other matter, and regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability and irrevocably agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement. Investor agrees and acknowledges that such irrevocable waiver is material to this Subscription Agreement and specifically relied upon by Apex and its affiliates to induce Apex to enter in this Subscription Agreement, and each such party further intends and understands such waiver to be valid, binding and enforceable against the Investor and its affiliates under applicable law. To the extent Investor commences any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Apex or its affiliates, which proceeding seeks, in whole or in part, monetary relief against Apex or its affiliates, the transactions contemplated Investor hereby regardless acknowledges and agrees that the Investor’s sole remedy shall be against funds held outside of whether the Trust Account and that such claim arises based on contract, tort, equity shall not permit the Investor (or any other theory person claiming on any of their behalves or in lieu of any of the Investor) to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein and in the event of any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Apex or its affiliates, which proceeding seeks, in whole or in part, relief against the Trust Account (including any distributions therefrom) in violation of this Subscription Agreement, Apex shall be entitled to recover from the Investor and its affiliates, the associated legal liability; providedfees and costs in connection with any such action, howeverin the event Apex or its affiliates, that nothing as applicable, prevails in such action or proceeding. Notwithstanding anything else in this Section 10 to the contrary, nothing herein shall be deemed to limit the Investor’s 's or its affiliates' right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares of Apex acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightApex.

Appears in 1 contract

Samples: Subscription Agreement (Apex Technology Acquisition Corp)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA TPG Pace is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA TPG Pace and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYATPG Pace’s final prospectus relating to its initial public offering dated February 25October 6, 2021 2020 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYATPG Pace’s assets consist of the cash proceeds of ARYA’s its initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYATPG Pace, its public shareholders and the underwriters of ARYA’s its initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA TPG Pace to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX TPG Pace and the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 8 shall be deemed to limit the InvestorSubscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of TPG Pace acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (TPG Pace Beneficial Finance Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Issuer and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIssuer’s final prospectus relating to its initial public offering dated February 25December 9, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIssuer’s assets consist of the cash proceeds of ARYAIssuer’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIssuer, its public shareholders and the underwriters underwriter of ARYAIssuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and irrevocably agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement. Investor agrees and acknowledges that such irrevocable waiver is material to this Subscription Agreement and specifically relied upon by Issuer and its affiliates to induce Issuer to enter in this Subscription Agreement, and each such party further intends and understands such waiver to be valid, binding and enforceable against the Investor and its affiliates under applicable law. To the extent Investor commences any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, monetary relief against Issuer or its affiliates, the transactions contemplated Investor hereby regardless acknowledges and agrees that the Investor’s sole remedy shall be against funds held outside of whether the Trust Account and that such claim arises based on contract, tort, equity shall not permit the Investor (or any other theory person claiming on any of their behalves or in lieu of any of the Investor) to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein and in the event of any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, relief against the Trust Account (including any distributions therefrom) in violation of this Subscription Agreement, Issuer shall be entitled to recover from the Investor and its affiliates, the associated legal liability; providedfees and costs in connection with any such action, howeverin the event Issuer or its affiliates, that nothing as applicable, prevails in such action or proceeding. Notwithstanding any else in this Section 10 10, nothing herein shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares any equity interests in Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (Power & Digital Infrastructure Acquisition II Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 253, 2021 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Issuer, its public shareholders stockholders and the underwriters of ARYAthe Issuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if anyfor taxes, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives agrees that it does not have any and all right, title and or interest, or any claim of any kind it has in the monies held in the Trust Account (each, a “Claim”) and hereby waives any Claim they have or may have in the futurefuture arising out of this Subscription Agreement or otherwise, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityotherwise; provided, however, that nothing in this Section 10 8 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightIssuer.

Appears in 1 contract

Samples: Subscription Agreement (Novus Capital Corp II)

Trust Account Waiver. The Investor acknowledges that ARYA Dragoneer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Dragoneer and one or more businesses or assets. The Investor further acknowledges that, as described in ARYADragoneer’s final prospectus relating to its initial public offering dated February 25August 13, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYADragoneer’s assets consist of the cash proceeds of ARYADragoneer’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYADragoneer, its public shareholders and the underwriters of ARYADragoneer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Dragoneer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX Dragoneer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates Dragoneer to not exercise such redemption right.

Appears in 1 contract

Samples: Business Combination Agreement (Dragoneer Growth Opportunities Corp.)

AutoNDA by SimpleDocs

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Company is a blank check company with formed for the powers and privileges to effect purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving ARYA and with one or more businesses or assetsbusinesses. The Investor Subscriber further acknowledges that, as described in ARYAthe Company’s final prospectus relating prospectus, dated April 25, 2019, related to its initial public offering dated February 25, 2021 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Company’s assets consist of the cash proceeds of ARYAthe Company’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Company, its public shareholders and the underwriters of ARYAthe Company’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Company to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Company entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representativesRepresentatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the future, in or to any monies held in the Trust Account (Account, provided, however, that nothing in this Section 8 shall be deemed to limit any Subscriber’s right, title, interest or distributions therefrom to ARYA’s public shareholders or claim to the underwriters Trust Account by virtue of ARYAsuch Subscriber’s initial public offering in record or beneficial ownership of securities of the Company acquired by any means other than pursuant to this Subscription Agreement, including but not limited to any redemption right with respect to any such securities of their deferred underwriting commissions held in the Trust Account)Company, and agrees not to seek recourse or make or bring any action, suit, claim or other proceeding against the Trust Account as a result of, or arising out of, this Subscription Agreement or Agreement, the transactions contemplated hereby or the Acquired Securities regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, . Subscriber acknowledges and agrees that nothing in this Section 10 it shall be deemed to limit the Investor’s right, title, interest or claim to not have any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right rights with respect to any such Class A Shares, in accordance with ARYAthe Acquired Securities pursuant to the Company’s Amended and Restated Memorandum and Articles of Association, as amended organizational documents in connection with the shareholder meeting Transaction or any other business combination, any subsequent liquidation of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYAAccount, the Company or otherwise. In the event Subscriber has any of their respective affiliates to claim against the Company as a result of, or arising out of, this Subscription Agreement, the transactions contemplated hereby or the Acquired Securities, it shall pursue such claim solely against the Company and its assets outside the Trust Account and not exercise such redemption rightagainst the Trust Account or any monies or other assets in the Trust Account.

Appears in 1 contract

Samples: Warrant Agreement (Act II Global Acquisition Corp.)

Trust Account Waiver. The Investor Each Subscriber acknowledges that ARYA the Company is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Company and one or more businesses or assets. The Investor Such Subscriber further acknowledges that, as described in ARYAthe Company’s final prospectus relating to its initial public offering dated February 25December 7, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAthe Company’s assets consist of the cash proceeds of ARYACompany’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYACompany, its public shareholders and the underwriters of ARYACompany’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Company to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Company entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investorsuch Subscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account Account, in each case, as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing Agreement. Nothing in this Section 10 9 shall (x) serve to limit or prohibit a Subscriber’s right to pursue a claim against Company for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief, (y) serve to limit or prohibit any claims that the Company may have in the future against Company’s assets or funds that are not held in the Trust Account (other than distributions therefrom) or (z) be deemed to limit the Investora Subscriber’s right, title, interest or claim to any monies held in the Trust Account solely by virtue of its such Subscriber’s record or beneficial ownership of publicly traded the Company’s Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightcommon stock.

Appears in 1 contract

Samples: Backstop Subscription Agreement (Mudrick Capital Acquisition Corp. II)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assetsentities. The Investor Subscriber further acknowledges that, as described in ARYASPAC’s final prospectus relating to its initial public offering prospectus, dated February 25January 15, 2021 (the “Final Prospectus”) ), available at wxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 8 shall be deemed to limit the InvestorSubscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its Subscriber’s record or beneficial ownership of publicly traded Class A Shares acquired shares in an open market transactionSPAC, pursuant to a validly exercised redemption right with respect to any such Class A Shares, shares in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021SPAC, except to the extent that the Investor Subscriber has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right.

Appears in 1 contract

Samples: Subscription Agreement (Silver Crest Acquisition Corp)

Trust Account Waiver. The Investor acknowledges that ARYA AONE is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA AONE and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAAONE’s final prospectus relating to its initial public offering dated February 25August 20, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAAONE’s assets consist of the cash proceeds of ARYAAONE’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAAONE, its public shareholders and the underwriters underwriter of ARYAAONE’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA AONE to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX AONE entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account Account, as a result of, of or arising out of, of this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 (x) shall serve to limit or prohibit the Investor’s right to pursue a claim against AONE for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief, (y) shall serve to limit or prohibit any claims that the Investor may have in the future against AONE’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) or (z) shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares ordinary shares of AONE acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (One)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Company is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Company and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Company’s final prospectus relating to its initial public offering dated February 25December 5, 2021 2019 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Company’s assets consist of the cash proceeds of ARYAthe Company’s initial public offering and private placement placements 10 Included only in agreements involving Placement Agents. of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Company, its public shareholders stockholders and the underwriters of ARYAthe Company’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Company to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Company entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Subscriber hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 7 shall be deemed to limit the InvestorSubscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Subscriber’s record or beneficial ownership of publicly traded Class A Shares shares of the Company acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 1 contract

Samples: Gores Holdings Iv Subscription Agreement (Gores Holdings IV, Inc.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 25March 7, 2021 2019 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Issuer, its public shareholders stockholders and the underwriters of ARYAthe Issuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably irrevocable waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 7 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightIssuer.

Appears in 1 contract

Samples: Subscription Agreement (Crescent Acquisition Corp)

Trust Account Waiver. The Investor acknowledges that ARYA Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Issuer and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIssuer’s final prospectus relating to its initial public offering dated February 25October 19, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIssuer’s assets consist of the cash proceeds of ARYAIssuer’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIssuer, its public shareholders and the underwriters underwriter of ARYAIssuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and irrevocably agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement. Investor agrees and acknowledges that such irrevocable waiver is material to this Subscription Agreement and specifically relied upon by Issuer and its affiliates to induce Issuer to enter in this Subscription Agreement, and each such party further intends and understands such waiver to be valid, binding and enforceable against the Investor and its affiliates under applicable law. To the extent Investor commences any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, monetary relief against Issuer or its affiliates, the transactions contemplated Investor hereby regardless acknowledges and agrees that the Investor’s sole remedy shall be against funds held outside of whether the Trust Account and that such claim arises based on contract, tort, equity shall not permit the Investor (or any other theory person claiming on any of their behalves or in lieu of any of the Investor) to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein and in the event of any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, relief against the Trust Account (including any distributions therefrom) in violation of this Subscription Agreement, Issuer shall be entitled to recover from the Investor and its affiliates, the associated legal liability; providedfees and costs in connection with any such action, howeverin the event Issuer or its affiliates, that nothing as applicable, prevails in such action or proceeding. Notwithstanding any else in this Section 10 10, nothing herein shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares any equity interests in Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (Worldwide Webb Acquisition Corp.)

Trust Account Waiver. The Investor Company acknowledges that ARYA Acquiror is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA and one or more businesses or assetsBusiness Combination. The Investor Company further acknowledges that, as described in ARYA’s final the prospectus relating to its initial public offering dated February 25, 2021 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAAcquiror’s assets consist of the cash proceeds of ARYAAcquiror’s initial public offering and private placement placements of its securitiessecurities occurring substantially simultaneously with such initial public offering, and substantially all of those proceeds have been deposited in a trust account for the benefit of Acquiror, certain of its public stockholders and the underwriters of Acquiror’s initial public offering (the “Trust Account”) for the benefit of ARYA, its public shareholders and the underwriters of ARYA’s initial public offering). Except with respect to interest earned on the funds held in the Trust Account The Company acknowledges that may be released to ARYA to pay its tax obligations, if any, the it has been advised by Acquiror that cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectuscircumstances and to the Persons described in the Prospectus and in accordance with the Trust Agreement. For and in consideration of AXXX Acquiror entering into this Subscription Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Company hereby irrevocably waives any and all right, title and interesttitle, interest or any claim of any kind (whether based on contract, tort, equity or otherwise) that it has or may have in the future, future in or to any monies held or other assets in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account or any funds distributed therefrom as a result of, or arising out ofin connection with, this Subscription Agreement or any negotiations, Contracts or agreements or transactions with Acquiror. Notwithstanding the transactions contemplated hereby regardless foregoing sentence, (a) nothing herein shall limit or prohibit the Company’s right to pursue any claim against Acquiror for (i) legal relief against monies or other assets held outside the Trust Account or (ii) specific performance to consummate the Closing (including any claim for Acquiror to specifically perform its obligations under this Agreement to cause the disbursement of whether the balance of the cash remaining in the Trust Account (after giving effect to the Acquiror Share Redemptions) at the Closing to the Company in accordance with the terms of this Agreement and the Trust Agreement), so long as such claim arises based on contract, tort, equity would not affect Acquiror’s ability to fulfill its obligation to effectuate the Acquiror Share Redemptions or otherwise violate the Trust Agreement and (b) nothing herein shall limit or prohibit any other theory of legal liability; provided, however, claim that nothing the Company may have in this Section 10 shall be deemed to limit the Investorfuture against Acquiror’s right, title, interest assets or claim to any monies funds that are not held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to (including any such Class A Shares, in accordance funds that have been released from the Trust Account and any assets that have been purchased or acquired with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightfunds).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Soaring Eagle Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA Anzu is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Anzu and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAAxxx’s final prospectus relating to its initial public offering dated February 25March 3, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAAnzu’s assets consist of the cash proceeds of ARYAAxxx’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAAnzu, its public shareholders and the underwriters of ARYAAnzu’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Anzu to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Axxx entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably (a) waives any and all right, title and interest, or any claim of any kind kind, it has or may have in the future, future in or to any monies held in the Trust Account (or distributions therefrom to ARYAAnzu’s public shareholders or to the underwriters of ARYAAxxx’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and (b) agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAccount; provided, however, that nothing in this Section 10 shall (i) serve to limit or prohibit the Investor’s right to pursue a claim against assets held outside the Trust Account for specific performance or other equitable relief, (ii) serve to limit or prohibit any claims that the Investor may have in the future against Axxx’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) or (iii) be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded shares of Class A Shares Common Stock acquired in an open market transactionother than pursuant to this Subscription Agreement, pursuant to a validly exercised redemption right with respect to any such shares of Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021Common Stock, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates Anzu to not exercise such redemption right.

Appears in 1 contract

Samples: Subscription Agreement (Anzu Special Acquisition Corp I)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 2524, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Issuer’s sole assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Issuer, its public shareholders stockholders and certain parties (including the underwriters of ARYAthe Issuer’s initial public offering). Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Sable entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its affiliates and representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they had, have or may have in the futurefuture as a result of, or arising out of, this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse or make or bring any action, suit, claim or other proceeding against the Trust Account as a result of, or arising out of, this Subscription Agreement or Agreement, the transactions contemplated hereby hereby, the Acquired Shares or any Issuer Class A Shares, regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, . Subscriber acknowledges and agrees that nothing in this Section 10 it shall be deemed to limit the Investor’s right, title, interest or claim to not have any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right rights with respect to any such Issuer Class A Shares pursuant to the Issuer’s certificate of incorporation in connection with the Business Combination or any other business combination, any subsequent liquidation of the Trust Account or the Issuer or otherwise. In the event Subscriber has any claim against the Issuer as a result of, or arising out of, this Subscription Agreement, the transactions contemplated hereby, the Acquired Shares or any Issuer Class A Shares, in accordance with ARYA’s Amended it shall pursue such claim solely against the Issuer and Restated Memorandum its assets outside the Trust Account and Articles of Association, as amended in connection with not against the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company Account or any of their respective affiliates to not exercise such redemption rightmonies or other assets in the Trust Account.

Appears in 1 contract

Samples: Subscription Agreement (Flame Acquisition Corp.)

Trust Account Waiver. The Backstop Investor acknowledges that ARYA Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Issuer and one or more businesses or assets. The Backstop Investor further acknowledges that, as described in ARYAIssuer’s final prospectus relating to its initial public offering dated February 25July 27, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIssuer’s assets consist of the cash proceeds of ARYAIssuer’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIssuer, its public shareholders and the underwriters underwriter of ARYAIssuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Issuer entering into this Backstop Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Backstop Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and irrevocably agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Backstop Subscription Agreement. Backstop Investor agrees and acknowledges that such irrevocable waiver is material to this Backstop Subscription Agreement and specifically relied upon by Issuer and its affiliates to induce Issuer to enter in this Backstop Subscription Agreement, and each such party further intends and understands such waiver to be valid, binding and enforceable against the Backstop Investor and its affiliates under applicable law. To the extent Backstop Investor commences any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, monetary relief against Issuer or its affiliates, the transactions contemplated Backstop Investor hereby regardless acknowledges and agrees that the Backstop Investor’s sole remedy shall be against funds held outside of whether the Trust Account and that such claim arises based on contract, tort, equity shall not permit the Backstop Investor (or any other theory person claiming on any of their behalves or in lieu of any of the Backstop Investor) to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein and in the event of any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Issuer or its affiliates, which proceeding seeks, in whole or in part, relief against the Trust Account (including any distributions therefrom) in violation of this Backstop Subscription Agreement, Issuer shall be entitled to recover from the Backstop Investor and its affiliates, the associated legal liability; providedfees and costs in connection with any such action, howeverin the event Issuer or its affiliates, that nothing as applicable, prevails in such action or proceeding. Notwithstanding any else in this Section 10 10, nothing herein shall be deemed to limit the Backstop Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Backstop Investor’s record or beneficial ownership of publicly traded Class A Shares any equity interests in Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Backstop Subscription Agreement.

Appears in 1 contract

Samples: Backstop Subscription Agreement (ACE Convergence Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA IPOC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA IPOC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIPOC’s final prospectus relating to its initial public offering dated February 25April 21, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAIPOC’s assets consist of the cash proceeds of ARYAIPOC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIPOC, its public shareholders and the underwriters underwriter of ARYAIPOC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA IPOC to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX IPOC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares of IPOC acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (Social Capital Hedosophia Holdings Corp. III)

Trust Account Waiver. The Investor acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYASPAC’s final prospectus relating to its initial public offering dated February 25November 18, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, representatives hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYASPAC’s public shareholders or to the underwriters underwriter of ARYASPAC’s initial public offering in respect of their its deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 8 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionCommon Stock currently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021Common Stock, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right.

Appears in 1 contract

Samples: Convertible Note Subscription Agreement (L&F Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYASPAC’s final prospectus relating to its initial public offering dated February 25March 23, 2021 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right.

Appears in 1 contract

Samples: Form of Subscription Agreement (Magnum Opus Acquisition LTD)

Trust Account Waiver. The Investor acknowledges that ARYA SOAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SOAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYASOAC’s final prospectus relating to its initial public offering dated February 25March 17, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASOAC’s assets consist of the cash proceeds of ARYASOAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASOAC, its public shareholders and the underwriters of ARYASOAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SOAC to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX SOAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SOAC to not exercise such redemption right.

Appears in 1 contract

Samples: Subscription Agreement (Sustainable Opportunities Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check check, special purpose acquisition company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 25, 2021 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Issuer, its public shareholders stockholders and the underwriters of ARYAthe Issuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash funds and other assets in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or and any claim claims of any kind it any of them has or may have in the futurefuture have, in any case arising out of this Subscription Agreement, in or to any monies held in the Trust Account (funds or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions other assets held in the Trust Account), and agrees not to seek recourse against the Trust Account or the funds or assets held therein as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s any right, title, interest or claim of Subscriber to any monies held funds or other assets in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021Issuer, except to the extent that the Investor Subscriber has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates Issuer to not exercise such redemption right.

Appears in 1 contract

Samples: Business Combination Agreement (Capstar Special Purpose Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges Holdco, Wejo and Merger Subs acknowledge that ARYA TKB is a blank check company with the powers and privileges to effect a mergerBusiness Combination. Holdco, asset acquisition, reorganization or similar business combination involving ARYA Wejo and one or more businesses or assets. The Investor Merger Subs further acknowledges acknowledge that, as described in ARYATKB’s final prospectus relating to its initial public offering dated February 25October 26, 2021 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYATKB’s assets consist of the cash proceeds of ARYATKB’s initial public offering and private placement placements of its securitiessecurities occurring substantially simultaneously with such initial public offering, and substantially all of those proceeds have been deposited in a trust account (the Trust Account”) for the benefit . Each of ARYAHoldco, its public shareholders Wejo, Merger Sub 1 and the underwriters of ARYA’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account Merger Sub 2 acknowledge that may be released to ARYA to pay its tax obligations, if any, the it has been advised by TKB that cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectuscircumstances and to the Persons described in the Prospectus and in accordance with the TKB Organizational Documents and the Trust Agreement. Holdco, Wejo and Merger Subs further acknowledge that, if the Mergers and the other transactions contemplated by this Agreement, or, in the event of termination of this Agreement, another Business Combination, are not consummated by January 29, 2023 or such later date as approved by the TKB Shareholders to complete a Business Combination, TKB will be obligated to return to its shareholders the amounts being held in the Trust Account. For and in consideration of AXXX TKB entering into this Subscription Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Investoreach of Holdco, on behalf of itself Wejo and its representatives, Merger Sub 1 and Merger Sub 2 hereby irrevocably waives any and all right, title and interesttitle, interest or any claim of any kind (whether based on contract, tort, equity or otherwise) that it has or may have in the future, future in or to any monies held or other assets in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account or any funds distributed therefrom as a result of, or arising out ofin connection with, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; providednegotiations, howeverContracts or agreements or transactions with TKB. Notwithstanding the foregoing, that nothing contained in this Section 10 8.1 shall be deemed limit or prohibit Holdco, Wejo or Merger Subs from (i) pursuing a claim against TKB (A) for specific performance or other equitable relief in connection with the Mergers and the other transactions contemplated by this Agreement (including a claim for TKB to limit specifically perform its obligations under this Agreement and cause the Investor’s right, title, interest or claim to any monies held disbursement of the cash balance remaining in the Trust Account by virtue (following any TKB Share Redemption)) or (B) for damages or payment of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except TKB Termination Fee (subject to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company provisions of this Agreement) against assets of TKB (or any successor entity) held outside of their respective affiliates the Trust Account or (ii) being entitled to not exercise such redemption rightthe use of any remaining amounts in the Trust Account following Closing.

Appears in 1 contract

Samples: Business Combination Agreement (TKB Critical Technologies 1)

Trust Account Waiver. The Investor acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor further acknowledges that, (i) as described in ARYASPAC’s final prospectus relating to its initial public offering dated February 25January 14, 2021 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offeringoffering and (ii) PubCo is a newly-formed entity with de minimis assets. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX PubCo and SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right.

Appears in 1 contract

Samples: Subscription Agreement (MDH Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA Ignyte is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Ignyte and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIgnyte’s final prospectus relating to its initial public offering dated February 25January 27, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIgnyte’s assets consist of the cash proceeds of ARYAIgnyte’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIgnyte, its public shareholders stockholders and the underwriters underwriter of ARYAIgnyte’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Ignyte to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX Xxxxxx entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares Ignyte Common Stock acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (Ignyte Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 25June 30, 2021 2020 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Issuer, its public shareholders stockholders and the underwriters of ARYAthe Issuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably irrevocable waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 8 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightIssuer.

Appears in 1 contract

Samples: Subscription Agreement (Panacea Acquisition Corp)

Trust Account Waiver. The Investor acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYASPAC’s final prospectus relating to its initial public offering dated February 25September 9, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or at any other theory of legal liabilitytime for any reason whatsoever; provided, however, that nothing in this Section 10 9 shall (x) serve to limit or prohibit the Investor’s right to pursue a claim against SPAC for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief, (y) serve to limit or prohibit any claims that the Investor may have in the future against SPAC’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) or (z) be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncommon stock shares of SPAC currently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021shares, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right. This Section 9 shall survive any termination of this Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (NavSight Holdings, Inc.)

Trust Account Waiver. The Investor Xxxxx acknowledges that ARYA MCAD is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA MCAD and one or more businesses or assets. The Investor Xxxxx further acknowledges that, as described in ARYAMCAD’s final prospectus relating to its initial public offering dated February 25December 21, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAMCAD’s assets consist of the cash proceeds of ARYAMCAD’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAMCAD, its public shareholders and the underwriters underwriter of ARYAMCAD’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA MCAD to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX MCAD entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Xxxxx hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s Xxxxx’x right, title, interest or claim to any monies held in the Trust Account by virtue of its Xxxxx’x (x) record or beneficial ownership of publicly traded Class A Shares common stock acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement or (y) redemption right rights in connection with the Transaction with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles shares of Association, as amended in connection with the shareholder meeting common stock of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightMCAD owned by Xxxxx.

Appears in 1 contract

Samples: Subscription Agreement (Better Therapeutics, Inc.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Company is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Company and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Company’s final prospectus relating to its initial public offering dated February 25September 29, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Company’s assets consist of the cash proceeds of ARYAthe Company’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Company, its public shareholders stockholders and the underwriters of ARYAthe Company’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Company to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Company entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing Agreement. Notwithstanding anything else in this Section 10 8 to the contrary, nothing herein shall be deemed to limit the InvestorSubscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its Subscriber’s record or beneficial ownership of publicly traded Class A Shares Common Stock acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightCompany.

Appears in 1 contract

Samples: Form of Subscription Agreement (Vesper Healthcare Acquisition Corp.)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Company is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Company and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Company’s final prospectus relating to its initial public offering dated February 25, 2021 (the “Final IPO”) dated December 10, 2020 (the “Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAthe Company’s assets consist of the cash proceeds of ARYACompany’s initial public offering IPO and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYACompany, its public shareholders and the underwriters of ARYACompany’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Company to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Company entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 8 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Company acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightCompany.

Appears in 1 contract

Samples: Subscription Agreement (Roth CH Acquisition II Co)

Trust Account Waiver. The Investor acknowledges Ardour and the Financial Advisor each acknowledge that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Ardour and the Financial Advisor each further acknowledges acknowledge that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 25October 19, 2021 2020 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAthe Issuer, its public shareholders stockholders and the underwriters of ARYAthe Issuer’s initial public offering. Except The cash in the Trust Account may be disbursed only for the purposes set forth in the Prospectus, except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, Ardour and the InvestorFinancial Advisor each, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit Ardour or the InvestorFinancial Advisor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its Ardour or the Financial Advisor’s record or beneficial ownership of publicly traded Class A Shares securities of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightIssuer.

Appears in 1 contract

Samples: Subscription Agreement (Decarbonization Plus Acquisition Corp)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA Pubco is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Pubco and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Pubco’s final prospectus relating to its initial public offering dated February 25, 2021 (the “Final IPO”) dated December 1, 2020 (the “Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAPubco’s assets consist of the cash proceeds of ARYAPubco’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAPubco, its public shareholders and the underwriters of ARYAPubco’s initial public offeringIPO. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Pubco to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX Pubco entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement. Subscriber agrees and acknowledges that such irrevocable waiver is material to this Subscription Agreement and specifically relied upon by Pubco and its affiliates to induce Pubco to enter in this Subscription Agreement, and each such party further intends and understands such waiver to be valid, binding and enforceable against the Subscriber and its affiliates under applicable law. To the extent Subscriber commences any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Pubco or its affiliates, which proceeding seeks, in whole or in part, monetary relief against Pubco or its affiliates, the transactions contemplated Subscriber hereby regardless acknowledges and agrees that the Subscriber’s sole remedy shall be against funds held outside of whether the Trust Account and that such claim arises based on contract, tort, equity shall not permit the Subscriber (or any other theory person claiming on its behalf or in lieu of the Subscriber) to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein and in the event of any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Pubco or its affiliates, which proceeding seeks, in whole or in part, relief against the Trust Account (including any distributions therefrom) in violation of this Subscription Agreement, Pubco shall be entitled to recover from the Subscriber and its affiliates, the associated legal liability; providedfees and costs in connection with any such action, howeverin the event Subscriber or its affiliates, that nothing as applicable, prevails in such action or proceeding. Notwithstanding anything else in this Section 10 10, nothing herein (x) shall serve to limit or prohibit the Subscriber’s right to pursue a claim against Pubco for legal relief against assets held outside the Trust Account, for specific performance or other equitable relief, (y) shall serve to limit or prohibit any claims that the Subscriber may have in the future against Pubco’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) or (z) shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Pubco acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightPubco.

Appears in 1 contract

Samples: Subscription Agreement (Rodgers Silicon Valley Acquisition Corp)

Trust Account Waiver. The Investor acknowledges that ARYA IPOC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA IPOC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIPOC’s final prospectus relating to its initial public offering dated February 25April 21, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIPOC’s assets consist of the cash proceeds of ARYAIPOC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIPOC, its public shareholders and the underwriters underwriter of ARYAIPOC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA IPOC to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX IPOC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares of IPOC acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (SCH Sponsor III LLC)

Trust Account Waiver. The Investor Purchaser acknowledges that ARYA GGI is a blank check company with the powers and privileges necessary or convenient to effect the conduct, promotion or attainment of the business or purposes of GGI, including, but not limited to effecting a merger, asset acquisition, reorganization or similar business combination involving ARYA GGI and one or more businesses or assets. The Investor Purchaser further acknowledges that, as described in ARYA’s final GGI prospectus relating to its initial public offering dated February 25March 22, 2021 (the “Final IPO Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAGGI’s assets consist of the cash proceeds of ARYAGGI’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAGGI, its public shareholders stockholders and the underwriters of ARYAGGI’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA GGI to pay its tax obligations, if any, and for working capital, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX GGI entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Purchaser hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; , provided, however, that nothing in this Section 10 shall be deemed to limit the InvestorPurchaser’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Purchaser’s record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionshares of common stock of GGI, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles shares of Association, as amended in connection with the shareholder meeting common stock of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021GGI, except to the extent that the Investor Purchaser has otherwise agreed in writing with ListCo, ARYAGGI, the Company or any of their respective affiliates to not exercise such redemption right.

Appears in 1 contract

Samples: Subscription Agreement (Gores Guggenheim, Inc.)

Trust Account Waiver. The Investor acknowledges that ARYA BOA is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA BOA and one or more businesses or assets. The Investor further acknowledges that, as described in ARYABOA’s final prospectus relating to its initial public offering dated February 2524, 2021 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYABOA’s assets consist of the cash proceeds of ARYABOA’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYABOA, its public shareholders and the underwriters of ARYABOA’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA BOA to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX entering into this Subscription AgreementAccordingly, the receipt and sufficiency of which are hereby acknowledged, the Investor, Investor (on behalf of itself and its representatives, affiliates) hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 11 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded any shares of Class A Shares acquired in an open market transactioncommon stock, par value $0.0001 per share, of BOA currently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such shares of Class A Sharescommon stock, in accordance with ARYABOA’s Amended and Restated Memorandum and Articles Certificate of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, Incorporation and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYABOA, dated March 2February 23, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYABOA, the Company Issuer or any of their respective affiliates to not exercise such redemption right.

Appears in 1 contract

Samples: Subscription Agreement (BOA Acquisition Corp.)

Trust Account Waiver. The Investor Company acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA and one or more businesses or assetsBusiness Combination. The Investor Company further acknowledges that, as described in ARYA’s final the prospectus relating to its initial public offering dated February 25September 11, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYA’s SPAC assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement placements of its securities, securities and substantially all of those proceeds have been deposited in a trust account for the benefit of SPAC, certain of its public stockholders and the underwriters of SPAC’s initial public offering (the “Trust Account”) for the benefit of ARYA, its public shareholders and the underwriters of ARYA’s initial public offering). Except with respect to interest earned on the The Company acknowledges that it has been advised by SPAC that funds held in the Trust Account that may be released to ARYA to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for in accordance with the purposes set forth in the Final ProspectusTrust Agreement and SPAC’s Governing Documents. For and in consideration of AXXX SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Company hereby irrevocably waives any and all right, title and interesttitle, interest or any claim of any kind it has or may have in the future, future in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees agree not to seek recourse against the Trust Account or any funds distributed therefrom as a result of, or arising out of, this Subscription Agreement and any negotiations, Contracts or agreements with SPAC; provided, that (x) nothing herein shall serve to limit or prohibit the Company’s right to pursue a claim against SPAC for legal relief against monies or other assets held outside the Trust Account, for specific performance or other equitable relief in connection with this Agreement, including the consummation of the transactions contemplated hereby regardless (including a claim for SPAC to specifically perform its obligations under this Agreement and cause the disbursement of whether the balance of the cash remaining in the Trust Account (after giving effect to the SPAC Stockholder Redemptions) to the Company in accordance with the terms of this Agreement and the Trust Agreement) or any negotiations, Contracts or agreements with SPAC, so long as such claim arises based on contractwould not affect SPAC’s ability to fulfill its obligation to effectuate the SPAC Stockholder Redemptions, tort, equity or any other theory of legal liability; provided, however, that for fraud and (y) nothing in this Section 10 herein shall be deemed serve to limit or prohibit any claims that the InvestorCompany may have against SPAC’s right, title, interest assets or claim to any monies funds that are not held in the Trust Account by virtue of its record (including any funds that have been released from the Trust Account and any assets that have been purchased or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightfunds).

Appears in 1 contract

Samples: Business Combination Agreement and Plan of Merger (TWC Tech Holdings II Corp.)

Trust Account Waiver. The Investor Buyer acknowledges that ARYA the Maker is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Maker and one or more businesses or assets. The Investor Buyer further acknowledges that, as described in ARYA’s final prospectus relating to its initial public offering dated February 25, 2021 (the “Final Prospectus”) Prospectus available at wxx.xxx.xxx, substantially all of ARYAthe Maker’s assets consist of the cash proceeds of ARYAthe Maker’s initial public offering (including overallotment securities sold by the Maker’s underwriter thereafter) and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAMaker, its public shareholders and the underwriters of ARYAMaker’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Maker to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX the Maker entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorBuyer, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they now have or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYAthe Maker’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account)shareholders, and agrees not to seek recourse against the Trust Account for any claims in connection with, as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityhereby; provided, however, that nothing in this Section 10 4.02 (x) shall serve to limit or prohibit Buyer’s right to pursue a claim against Maker for legal relief against assets held outside the Trust Account (other than distributions to the Maker’s public shareholders), for specific performance or other equitable relief, (y) shall serve to limit or prohibit any claims that Buyer may have in the future against Maker’s assets or funds that are not held in the Trust Account (including any funds that have been released from the Trust Account (other than distributions to the Maker’s public shareholders) and any assets that have been purchased or acquired with any such funds) or (z) shall be deemed to limit the Investorany Buyer’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Buyer’s record or beneficial ownership of publicly traded Class A Shares securities of the Maker acquired in an open market transaction, by any means other than pursuant to a validly exercised this Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightMaker.

Appears in 1 contract

Samples: Note Purchase Agreement (Lakeshore Acquisition I Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA Globis is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Globis and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAGlobis’s final prospectus relating to its initial public offering dated February 25December 10, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAGlobis’s assets consist of the cash proceeds of ARYAGlobis’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAGlobis, its public shareholders and the underwriters of ARYAGlobis’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Globis to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX Globis entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactionshares of common stock of Globis currently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles shares of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021common stock, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates Globis to not exercise such redemption right.

Appears in 1 contract

Samples: Subscription Agreement (Globis Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Issuer and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIssuer’s final prospectus relating to its initial public offering dated February 25July 30, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYAIssuer’s assets consist of the cash proceeds of ARYAIssuer’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIssuer, its public shareholders and the underwriters of ARYAIssuer’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Issuer to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself itself, himself or herself and its representativesits, his or her representatives hereby irrevocably waives any and all right, title and interest, or any claim of any kind it it, he or she has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYAIssuer’s public shareholders or to the underwriters of ARYAIssuer’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAccount; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transactioncurrently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates Issuer to not exercise such redemption right.

Appears in 1 contract

Samples: Subscription Agreement (CC Neuberger Principal Holdings II)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA the Issuer is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA the Issuer and one or more businesses or assets. The Investor Subscriber further acknowledges that, as described in ARYAthe Issuer’s final prospectus relating to its initial public offering dated February 25March 19, 2021 2019 (the “Final March 2019 Prospectus”) ), available at wxx.xxx.xxxxxx.xxx, substantially all of ARYAthe Issuer’s assets consist of the cash proceeds of ARYAthe Issuer’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYA, its public shareholders stockholders and the underwriters of ARYA’s its initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA the Issuer to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final March 2019 Prospectus. For and in consideration of AXXX the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its affiliates and representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture as a result of, or arising out of, this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse or make or bring any action, suit, claim or other proceeding against the Trust Account as a result of, or arising out of, this Subscription Agreement or Agreement, the transactions contemplated hereby or the Acquired Shares, regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, provided however, that nothing in this Section 10 7 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of the Issuer acquired in an open market transaction, by any means other than pursuant to a validly exercised this Subscription Agreement, including but not limited to any redemption right with respect to any such Class A Shares, in accordance securities of the Company. Subscriber acknowledges and agrees that it shall not have any redemption rights with ARYArespect to the Acquired Shares pursuant to the Issuer’s Amended and Restated Memorandum and Articles certificate of Association, as amended incorporation in connection with the shareholder meeting Transactions or any other business combination, any subsequent liquidation of ARYA on February 28the Trust Account or the Issuer or otherwise. In the event Subscriber has any claim against the Issuer as a result of, 2023 and as may be subsequently amended from time to timeor arising out of, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYAthis Subscription Agreement, the Company transactions contemplated hereby or the Acquired Shares, it shall pursue such claim solely against the Issuer and its assets outside the Trust Account and not against the Trust Account or any monies or other assets in the Trust Account. This paragraph shall survive any termination of their respective affiliates to not exercise such redemption rightthe Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (Insurance Acquisition Corp.)

Trust Account Waiver. The Investor Company acknowledges that ARYA Bright Lights is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA and one or more businesses or assetsBusiness Combination. The Investor Company further acknowledges that, as described in ARYA’s final the prospectus relating to its initial public offering dated February 25January 6, 2021 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYA’s Bright Lights assets consist of the cash proceeds of ARYA’s Bright Lights’ initial public offering and private placement placements of its securities, securities and substantially all of those proceeds have been deposited in a the trust account for the benefit of Bright Lights, certain of its public stockholders and the underwriters of Bright Lights’ initial public offering (the “Trust Account”) for the benefit of ARYA). The Company acknowledges that it has been advised by Bright Lights that, its public shareholders and the underwriters of ARYA’s initial public offering. Except except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Bright Lights to pay its tax franchise Tax, income Tax and similar obligations, if any, the Trust Agreement provides that cash in the Trust Account may be disbursed only (i) if Bright Lights completes the transactions which constitute a Business Combination, then to those Persons and in such amounts as described in the Prospectus; (ii) if Bright Lights fails to complete a Business Combination within the allotted time period and liquidates, subject to the terms of the Trust Agreement, to Bright Lights in limited amounts to permit Bright Lights to pay the costs and expenses of its liquidation and dissolution, and then to Bright Lights’ public stockholders; and (iii) if Bright Lights holds a shareholder vote to amend Bright Lights’ amended and restated certificate of incorporation to modify the substance or timing of the obligation to allow redemption in connection with a Business Combination or to redeem 100% of Bright Lights Common Stock if Bright Lights fails to complete a Business Combination within the allotted time period, then for the purposes set forth redemption of any Bright Lights Common Stock properly tendered in the Final Prospectusconnection with such vote. For and in consideration of AXXX Bright Lights entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Company hereby irrevocably waives any and all right, title and interesttitle, interest or any claim of any kind it has they have or may have in the future, future in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees agree not to seek recourse against the Trust Account or any funds distributed therefrom as a result of, or arising out of, this Subscription Agreement and any negotiations, Contracts or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityagreements with Bright Lights; provided, however, that (x) nothing in this Section 10 herein shall be deemed serve to limit or prohibit the InvestorCompany’s rightright to pursue a claim against Bright Lights for legal relief against monies or other assets held outside the Trust Account, titlefor specific performance or other equitable relief in connection with the consummation of the transactions (including a claim for Bright Lights to specifically perform its obligations under this Agreement and cause the disbursement of the balance of the cash remaining in the Trust Account (after giving effect to the Bright Lights Share Redemptions) to the Company in accordance with the terms of this Agreement and the Trust Agreement) so long as such claim would not affect Bright Lights’ ability to fulfill its obligation to effectuate the Bright Lights Share Redemptions, interest or claim for fraud and (y) nothing herein shall serve to limit or prohibit any monies claims that the Company may have in the future against Bright Lights’ assets or funds that are not held in the Trust Account by virtue of its record (including any funds that have been released from the Trust Account and any assets that have been purchased or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightfunds).

Appears in 1 contract

Samples: Business Combination Agreement (Bright Lights Acquisition Corp.)

Trust Account Waiver. The Investor Sirius acknowledges that ARYA Easterly is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA and one or more businesses or assetsBusiness Combination. The Investor Sirius further acknowledges that, as described in ARYA’s final the prospectus relating to its initial public offering dated February 25July 29, 2021 2015 (the “Final Prospectus”) available at wxx.xxx.xxx), substantially all of ARYAEasterly’s assets consist of the cash proceeds of ARYA’s initial public offering the IPO and private placement placements of its securities, securities and substantially all of those proceeds have been deposited in a trust account (the Trust Account”) Account for the benefit of ARYAEasterly, certain of its public shareholders stockholders and the underwriters of ARYA’s initial public offeringthe IPO. Except Sirius acknowledges that it has been advised by Easterly that, except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Easterly to pay its tax franchise Tax, income Tax and similar obligations, if any, the Trust Agreement provides that cash in the Trust Account may be disbursed only for (a) if Easterly completes the purposes set forth transactions which constitute a Business Combination, then to those Persons and in such amounts as described in the Final Prospectus; and (b) if Easterly fails to complete a Business Combination within the allotted time period and liquidates, subject to the terms of the Trust Agreement, to Easterly in limited amounts to permit Easterly to pay the costs and expenses of its liquidation and dissolution, and then to Easterly’s public stockholders. For and in consideration of AXXX Easterly entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Sirius hereby irrevocably waives any and all right, title and interesttitle, interest or any claim of any kind it has they have or may have in the future, future in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to except upon the underwriters Closing and the consummation of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account)Merger, and agrees not to seek recourse against the Trust Account or any funds distributed therefrom as a result of, or arising out of, this Subscription Agreement and any negotiations, Contracts or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of publicly traded Class A Shares acquired in an open market transaction, pursuant to a validly exercised redemption right agreements with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightEasterly.

Appears in 1 contract

Samples: Merger Agreement (Easterly Acquisition Corp.)

Trust Account Waiver. The Investor acknowledges that ARYA IPOE is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA IPOE and one or more businesses or assets. The Investor further acknowledges that, as described in ARYAIPOE’s final prospectus relating to its initial public offering dated February 25October 8, 2021 2020 (the “Final IPO Prospectus”) available at wxx.xxx.xxx, substantially all of ARYAIPOE’s assets consist of the cash proceeds of ARYAIPOE’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYAIPOE, its public shareholders and the underwriters underwriter of ARYAIPOE’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA IPOE to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final IPO Prospectus. For and in consideration of AXXX IPOE entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of its the Investor’s record or beneficial ownership of publicly traded Class A Shares ordinary shares of IPOE acquired in an open market transaction, by any means other than pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightthis Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (Social Capital Hedosophia Holdings Corp. V)

Trust Account Waiver. The Investor acknowledges that ARYA SPAC is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA SPAC and one or more businesses or assets. The Investor further acknowledges that, as described in ARYASPAC’s final prospectus relating to its initial public offering dated February 25August 3, 2021 2020 (the “Final Prospectus”) available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASPAC’s assets consist of the cash proceeds of ARYASPAC’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASPAC, its public shareholders and the underwriters of ARYASPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA SPAC to pay its tax obligations, if anyobligations and to fund certain of its working capital requirements, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor, on behalf of itself and its representatives, Investor hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investor’s right, title, interest or claim to any monies held in the Trust Account by virtue of his, her or its record or beneficial ownership of publicly traded Class A Shares (x) acquired in an open market transactionby any means other than pursuant to this Subscription Agreement or (y) currently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates SPAC to not exercise such redemption right.

Appears in 1 contract

Samples: Subscription Agreement (Yucaipa Acquisition Corp)

Trust Account Waiver. The Investor Subscriber acknowledges that ARYA Spartan is a blank check company with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving ARYA Spartan and one or more businesses business or assets. The Investor Subscriber further acknowledges that, as described in ARYASpartan’s final prospectus relating to its initial public offering dated February 2510, 2021 (the “Final Prospectus”) ), available at wxx.xxx.xxxxxx.xxx.xxx, substantially all of ARYASpartan’s assets consist of the cash proceeds of ARYASpartan’s initial public offering and private placement placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of ARYASpartan, its public shareholders stockholders and the underwriters of ARYASpartan’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to ARYA Spartan to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Final Prospectus. For and in consideration of AXXX Spartan entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the InvestorSubscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has they have or may have in the futurefuture arising out of this Subscription Agreement, in or to any monies held in the Trust Account (or distributions therefrom to ARYA’s public shareholders or to the underwriters of ARYA’s initial public offering in respect of their deferred underwriting commissions held in the Trust Account), and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement or the transactions contemplated hereby regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liabilityAgreement; provided, however, that nothing in this Section 10 9 shall be deemed to limit the Investorany Subscriber’s right, title, interest or claim to any monies held in the Trust Account by virtue of its such Subscriber’s record or beneficial ownership of publicly traded Class A Shares securities of Spartan acquired in an open market transactionby any means, pursuant including but not limited to a validly exercised any redemption right with respect to any such Class A Shares, in accordance with ARYA’s Amended and Restated Memorandum and Articles securities of Association, as amended in connection with the shareholder meeting of ARYA on February 28, 2023 and as may be subsequently amended from time to time, and the Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and ARYA, dated March 2, 2021, except to the extent that the Investor has otherwise agreed in writing with ListCo, ARYA, the Company or any of their respective affiliates to not exercise such redemption rightSpartan.

Appears in 1 contract

Samples: Subscription Agreement (Spartan Acquisition Corp. III)

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