Common use of Trust Waiver Clause in Contracts

Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in which the proceeds of the IPO conducted by the Maker (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants issued in a private placement to occur prior to the consummation of the IPO are to be deposited, as described in greater detail in the registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever.

Appears in 3 contracts

Samples: VPC Impact Acquisition Holdings III, Inc., VPC Impact Acquisition Holdings, VPC Impact Acquisition Holdings II

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Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in which the proceeds of the IPO initial public offering (the “IPO”) conducted by the Maker (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants securities issued in a private placement to occur prior to be consummated concurrently with the consummation completion of the IPO are to be depositedinitial business combination of the Maker, as described in greater detail in the registration statement (the “Registration Statement”) and prospectus to be (the “Prospectus”) filed with the Securities and Exchange Commission in connection with the IPO, will be deposited, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever.

Appears in 3 contracts

Samples: Loan Agreement (BGS Acquisition Corp.), Loan Agreement (BGS Acquisition Corp.), Loan Agreement (BGS Acquisition Corp.)

Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind ("Claim") in or to any distribution of or from the trust account to be established in which the proceeds of the IPO initial public offering (the "IPO") conducted by the Maker (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants securities issued in a private placement to occur prior to be consummated concurrently with the consummation completion of the IPO are to be depositedinitial business combination of the Maker, as described in greater detail in the registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, will be deposited, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever.

Appears in 2 contracts

Samples: Expense Advancement Agreement (COMMITTED CAPITAL ACQUISITION Corp), Expense Advancement Agreement (COMMITTED CAPITAL ACQUISITION Corp)

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Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind ("Claim") in or to any distribution of or from the trust account to be established in which the proceeds of the IPO initial public offering (the "IPO") conducted by the Maker (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants securities issued in a private placement to occur prior to be consummated concurrently with the consummation completion of the IPO are to be depositedinitial business combination of the Maker, as described in greater detail in the registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, will be deposited, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever.

Appears in 1 contract

Samples: Promissory Note (COMMITTED CAPITAL ACQUISITION Corp)

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