Minimum Cash Condition definition

Minimum Cash Condition has the meaning set forth in Section 6.1(h).

Minimum Cash Condition means FTOC having at least $325,000,000 in Marketable securities held in Trust Account after giving effect to the exercise by the holders of shares of FTOC issued in FTOC’s initial public offering of securities and outstanding immediately before the Closing of their right to redeem such shares into a pro rata share of the trust account in accordance with FTOC’s governing documents (but excluding, for the avoidance of doubt, the effect of the proceeds actually paid to FTOC upon consummation of the PIPE Investment).

Minimum Cash Condition means the sum of the amount in the Trust Account (after giving effect to all redemptions of SCS Class A ordinary shares but prior to payment of any deferred underwriting commission and any transaction expenses) and the proceeds from the PIPE Investment equaling or exceeding $500,000,000;

Examples of Minimum Cash Condition in a sentence

• Assumes that approximately 36.8 million public shares (being our estimate of the maximum number of public shares that could be redeemed in connection with the Business Combination in order to satisfy the related Minimum Cash Condition contained in the Business Combination Agreement) are redeemed in connection with the Business Combination.

• This scenario assumes that all Motive Class A Shares are redeemed and the $68.5 million received as proceeds from the PIPE Investment and $140 million received as proceeds from the A&R FPA Investment are sufficient to satisfy the $208.5 million Minimum Cash Condition.

• In addition, under the terms of the merger agreement, Katapult’s obligation to complete the merger is conditioned upon the satisfaction of the Minimum Cash Condition.

• Assumes that holders of 10,810,644 shares of Class A common stock, the maximum number of shares that may be redeemed by public stockholders before the Minimum Cash Condition in the Business Combination Agreement would need to be waived prior to closing of the business combination, exercise their redemption rights in full.

• The Minimum Cash Condition is for the sole benefit of VG except that this condition may not be waived by VG if the Trust Amount is less than$200.0 million, provided that Vieco US and its affiliates will have the right (but not the obligation) to purchase (or seek a third party to purchase) additional shares of VGH, Inc.

More Definitions of Minimum Cash Condition

Minimum Cash Condition means the condition to the Closing, which may be waived by Shapeways, that, upon the Closing, Galileo have cash or cash equivalents, including funds remaining in the Trust Account (after giving effect to the completion and payment of the Redemption) and the proceeds of any PIPE Investment, prior to giving effect to the payment of Galileo’s unpaid transaction expenses or liabilities, at least equal to one hundred million dollars ($100,000,000).

Minimum Cash Condition means the condition, which may be waived by Stryve, to Stryve’s obligations under the Business Combination Agreement that, upon the Closing, after giving effect to completion of the Business Combination and payment of redemptions, if any, Andina shall have cash or cash equivalents equal to at least$19,000,000, less certain proceeds received by Stryve from Bridge Notes (including as a result of satisfaction or offset). “Nasdaq” means the Nasdaq Capital Market.

Minimum Cash Condition means the minimum of $400,000,000 in cash and cash equivalents, including funds in the Trust Account and from any equity financing, that Alussa and Pubco must have after giving effect to the Redemption, but prior to the payment of any expenses or other liabilities, as a condition to Closing.

Minimum Cash Condition means the closing condition in the Business Combination Agreement that the amount of Available Cash shall be no less than $270,000,000.

Minimum Cash Condition means the aggregate cash available to CLAQ at Closing from the Trust Account and the PIPE Investment (after giving effect to the redemption and the payment of all expenses) shall equal or exceed $50,000,000.

Minimum Cash Condition means the condition for Collier Creek to have a Minimum Cash Amount of at least $300,000,000 immediately prior to the Closing.

Minimum Cash Condition means the condition to the Closing, as set forth in the Business Combination Agreement, that the Available Cash Amount is not less than $2,600,000,000.