Common use of Use of Funds in Trust Account Clause in Contracts

Use of Funds in Trust Account. During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the Trustee to release from the Trust Account, (i) solely from interest income earned on the funds held in the Trust Account, the amounts necessary to pay taxes, if any, and (ii) to pay Public Shareholders who properly redeem their Public Shares (as defined below) in connection with a shareholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association (A) to modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares the right to have their shares redeemed in connection with the Company’s initial Business Combination or to redeem 100% of the Company’s Public Shares if the Company does not complete their initial Business Combination within 24 months from the closing of the Offering or (B) with respect to any other provision relating to the rights of holders of the Ordinary Shares. Otherwise, all funds held in the Trust Account (including any interest income earned on the amounts held in the Trust Account (net of taxes payable thereon in accordance with the preceding sentence)) will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination and the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 of interest income may be released to the Company if the proceeds of the Offering held by the Company outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.

Use of Funds in Trust Account. During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the Trustee to release from the Trust Account, (i) solely from interest income earned on the funds held in the Trust Account, the amounts necessary to pay taxes, if any, and (ii) to pay Public Shareholders who properly redeem their Public Shares (as defined below) in connection with a shareholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association (Ax) to modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares the right to have their shares redeemed allow redemption in connection with the Company’s its initial Business Combination or to redeem 100% of the Company’s outstanding Public Shares if the Company does has not complete their consummated an initial Business Combination within 24 months from the closing period set forth in the Company’s Amended and Restated Memorandum and Articles of the Offering Association or (By) with respect to any other provision relating to the shareholders’ rights of holders of the Ordinary Sharesor pre-initial Business Combination activity. Otherwise, all funds held in the Trust Account (including any interest income earned on the amounts held in the Trust Account and not previously released to the Company to pay taxes (net of taxes payable thereon in accordance with the preceding sentence)) will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination and the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 of interest income may be released to the Company if the proceeds of the Offering held by the Company outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.

Use of Funds in Trust Account. During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the Trustee to release from the Trust Account, (i) solely from interest income earned on the funds held in the Trust Account, the amounts necessary to pay taxesthe Company’s franchise and income tax obligations, if any, and (ii) to pay Public Shareholders Stockholders who properly redeem their Public Shares (as defined below) in connection with a shareholder stockholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles Certificate of Association Incorporation (Ax) to modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares the right to have their shares redeemed allow redemptions in connection with the Company’s its initial Business Combination or to redeem 100% of the Company’s outstanding Public Shares if the Company does has not complete their consummated an initial Business Combination within 24 months from the closing of the Offering or (By) with respect to any other provision relating to the stockholders’ rights of holders of the Ordinary Sharesor pre-initial Business Combination activity. Otherwise, all funds held in the Trust Account (including any interest income earned on the amounts held in the Trust Account (net of taxes payable thereon in accordance with the preceding sentence)) will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination and the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 of interest income may be released to the Company if the proceeds of the Offering held by the Company outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.

Use of Funds in Trust Account. During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the Trustee to release from the Trust Account, (i) solely from interest income earned on the funds held in the Trust Account, the amounts necessary to pay taxesthe Company’s tax obligations, if any, and (ii) to pay public shareholders (the “Public Shareholders Shareholders”) who properly redeem their Public Shares (as defined belowin section 4(gg) herein) in connection with a shareholder Shareholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association (Ax) to modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares the right to have their shares redeemed allow redemptions in connection with the Company’s its initial Business Combination or to redeem 100% of the Company’s outstanding Public Shares if the Company does has not complete their consummated an initial Business Combination within 24 12 months (or 15 months, as applicable) from the closing of the Offering or (By) with respect to any other provision relating to the Shareholders’ rights of holders of the Ordinary Sharesor pre-initial Business Combination activity. Otherwise, all funds held in the Trust Account (including any interest income earned on the amounts held in the Trust Account (net of taxes payable thereon in accordance with the preceding sentence)) will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination and the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 50,000 of interest income may be released to the Company if the proceeds of the Offering held by the Company outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.

Use of Funds in Trust Account. During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the Trustee to release from the Trust Account, (i) solely from interest or other income earned on the funds held in the Trust Account, the amounts necessary to pay income taxes, if any, and (ii) to pay Public Shareholders who properly redeem their Public Shares (as defined below) in connection with a shareholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles Certificate of Association Incorporation (Ax) to modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares its Public Shareholders the right to have their shares Public Shares redeemed in connection with the Company’s its initial Business Combination or to redeem 100% of the Company’s outstanding Public Shares if the Company does has not complete their consummated an initial Business Combination within 24 months from the closing of the Offering or (By) with respect to any other provision relating to the rights of holders of the Ordinary Sharesits Public Shareholders. Otherwise, all funds held in the Trust Account (including any interest income earned on the amounts held in the Trust Account (net of taxes payable thereon in accordance with the preceding sentence)) will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination and the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 of interest income may be released to the Company if the proceeds of the Offering held by the Company outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.

Use of Funds in Trust Account. During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the Trustee to release from the Trust Account, (i) solely from interest income earned on the funds held in the Trust Account, the amounts necessary to pay taxes, if any, and (ii) to pay Public Shareholders who properly redeem their Public Shares (as defined below) in connection with a shareholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association (A) to modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares the right to have their shares redeemed in connection with the Company’s initial Business Combination or to redeem 100% of the Company’s Public Shares if the Company does not complete their initial Business Combination within 24 (i) 15 months from the closing of the Offering or (ii) up to 18 months or 21 months from the closing of the Offering if the Sponsor has extended the period of time for the Company to consummate its initial Business Combination by depositing additional funds into the Trust Account pursuant to the Amended and Restated Memorandum and Articles of Association and the Trust Agreement or (B) with respect to any other provision relating to the rights of holders of the Ordinary Shares. Otherwise, all funds held in the Trust Account (including any interest income earned on the amounts held in the Trust Account (net of taxes payable thereon in accordance with the preceding sentence)) will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination and the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 of interest income may be released to the Company if the proceeds of the Offering held by the Company outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.

Use of Funds in Trust Account. During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the Trustee to release from the Trust Account, (i) solely from interest income earned on the funds held in the Trust Account, the amounts necessary to pay taxesthe Company’s tax obligations, if any, and (ii) to pay public shareholders (the “Public Shareholders Shareholders”) who properly redeem their Public Shares (as defined belowin section 4(gg) herein) in connection with a shareholder Shareholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association (Ax) to modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares the right to have their shares redeemed allow redemptions in connection with the Company’s its initial Business Combination or to redeem 100% of the Company’s outstanding Public Shares if the Company does has not complete their consummated an initial Business Combination within 24 15 months from the closing of the Offering or (By) with respect to any other provision relating to the Shareholders’ rights of holders of the Ordinary Sharesor pre-initial Business Combination activity. Otherwise, all funds held in the Trust Account (including any interest income earned on the amounts held in the Trust Account (net of taxes payable thereon in accordance with the preceding sentence)) will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination and the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 50,000 of interest income may be released to the Company if the proceeds of the Offering held by the Company outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.

Use of Funds in Trust Account. During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the Trustee to release from the Trust Account, (i) solely from interest or other income earned on the funds held in the Trust Account, the amounts necessary to pay income taxes, if any, and (ii) to pay Public Shareholders who properly redeem their Public Shares (as defined below) in connection with a shareholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association Charter (Ax) to modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares its Public Shareholders the right to have their shares Public Shares redeemed in connection with the Company’s its initial Business Combination or to redeem 100% of the Company’s outstanding Public Shares if the Company does has not complete their consummated an initial Business Combination within 24 months from the closing of time period required by the Offering Company's Charter or (By) with respect to any other provision relating to the rights of holders of the Ordinary Sharesits Public Shareholders. Otherwise, all funds held in the Trust Account (including any interest income earned on the amounts held in the Trust Account (net of taxes payable thereon in accordance with the preceding sentence)) will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination and the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 of interest income may be released to the Company if the proceeds of the Offering held by the Company outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.

Use of Funds in Trust Account. During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the Trustee to release from the Trust Account, (i) solely from interest income earned on the funds held in the Trust Account, the amounts necessary to pay taxes, if any, and (ii) to pay Public Shareholders Stockholders who properly redeem their Public Class A Ordinary Shares (as defined below) in connection with a shareholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association (Ax) to modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares the right to have their shares redeemed allow redemption in connection with the Company’s its initial Business Combination or to redeem 100% of the Company’s outstanding Class A Ordinary Shares held by the Public Shares Stockholders if the Company does has not complete their consummated an initial Business Combination within 24 months from the closing time period provided in the Company’s Amended and Restated Memorandum and Articles of the Offering Association, as such time period may be extended or (By) with respect to any other provision relating to the shareholders’ rights of holders of the Ordinary Sharesor pre-initial Business Combination activity. Otherwise, all funds held in the Trust Account (including any interest income earned on the amounts held in the Trust Account (net of taxes payable thereon in accordance with the preceding sentence)) will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination and the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 of interest income may be released to the Company if the proceeds of the Offering held by the Company outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.

Use of Funds in Trust Account. During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the Trustee to release from the Trust Account, (i) solely from interest income earned on the funds held in the Trust Account, the amounts necessary to pay taxes, if any, and (ii) to pay Public Shareholders Stockholders who properly redeem their Public Shares (as defined below) in connection with a shareholder stockholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association (Ax) to modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares the right to have their shares redeemed in connection with the Company’s initial Business Combination or to redeem 100% of the Company’s outstanding Public Shares if the Company does not complete their consummate an initial Business Combination within 24 months from the closing of the Offering or 27 months from the closing of the Offering if the Company has executed a letter of intent, agreement in principle or definitive agreement for an initial business combination within 24 months from the closing of the Offering or (By) with respect to any other provision relating to which adversely affects the rights of holders of the Ordinary SharesPublic Stockholders. Otherwise, all funds held in the Trust Account (Account, including any interest income earned on the amounts held in the Trust Account (net of taxes payable thereon in accordance with the preceding sentence)) , will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination and the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 of interest income may be released to the Company if the proceeds of the Offering held by the Company outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.