Common use of Waiver of Liquidation Distributions; Redemption Rights Clause in Contracts

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock in the IPO or in the aftermarket, any additional Shares of Class A common stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 15 contracts

Samples: Northern Lights Acquisition Corp., Alset Capital Acquisition Corp., Jade Mountain Acquisition Corp.

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Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account account, which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Units in the IPO or shares of Class A common stock in the IPO or Common Stock in the aftermarket, any additional Shares shares of Class A common stock Common Stock included in the Units or shares of Class A Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock Shares into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 12 contracts

Samples: Sanaby Health Acquisition Corp. I, Athena Technology Acquisition Corp. II, Athena Consumer Acquisition Corp.

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock ordinary shares in the IPO or in the aftermarket, any additional Shares of Class A common stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Class A ordinary shares of common stock into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 6 contracts

Samples: Securities Subscription Agreement (Avanea Energy Acquisition Corp.), Securities Subscription Agreement (Keyarch Acquisition Corp), Securities Subscription Agreement (Genesis Growth Tech Acquisition Corp.)

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock in the IPO or in the aftermarket, any such additional Shares of Class A common stock so purchased shares shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 4 contracts

Samples: Minority Equality Opportunities Acquisition Inc., LMF Acquisition Opportunities Inc, G3 VRM Acquisition Corp.

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock in the IPO or in the aftermarket, any additional Shares shares of Class A common stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock Common Stock into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 4 contracts

Samples: MedTech Acquisition Corporation, Namaste World Acquisition Corp, Namaste World Acquisition Corporation

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases any shares of Class A common stock Common Stock in the IPO or in the aftermarket, any additional Shares shares of Class A common stock Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock into Shares for funds held in the Trust Account upon the successful completion of an initial business combinationcombination by the Company.

Appears in 2 contracts

Samples: Riverview Acquisition Corp., Riverview Acquisition Corp.

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases any shares of Class A common stock Common Stock in the IPO or in the aftermarket, any additional Shares shares of Class A common stock Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock Common Stock held by it into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 2 contracts

Samples: First Light Acquisition Group, Inc., First Light Acquisition Group, Inc.

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock of the Company in the IPO or in the aftermarketaftermarket (the “Public Shares”), any additional Public Shares of Class A common stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock Shares into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 2 contracts

Samples: Galliot Acquisition Corp., Bilander Acquisition Corp.

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases shares of Class Series A common stock in the IPO or in the aftermarket, any additional Shares shares of Class Series A common stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock Common Stock into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 1 contract

Samples: Atlantic Coastal Acquisition Corp. II

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Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock securities in the IPO or in the aftermarket, any additional Shares shares of Class Series A common stock Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock Common Stock held by it into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 1 contract

Samples: Liberty Media Acquisition Corp

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock ordinary shares in the IPO or in the aftermarket, any additional Shares of Class A common stock ordinary shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any ordinary shares of common stock into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 1 contract

Samples: Fat Projects Acquisition Corp

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock in the IPO or in the aftermarket, any additional Shares such shares of Class A common stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 1 contract

Samples: Newbury Street Acquisition Corporation

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock in the IPO or in the aftermarket, any additional Shares shares of Class A common stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 1 contract

Samples: Digital World Acquisition Corp.

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases ordinary shares of Class A common stock the Company in the IPO or in the aftermarket, any additional Shares of Class A common stock ordinary shares in the Company so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of common stock Shares into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 1 contract

Samples: Atlantic Alliance Partnership Corp.

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