Common use of Trust Account Proceeds Clause in Contracts

Trust Account Proceeds. Upon satisfaction or waiver of the conditions set forth in Article XI and provision of notice thereof to the Trustee (which notice Acquiror shall be provided to the Trustee in accordance with the terms of the Trust Agreement), (a) in accordance with and pursuant to the Trust Agreement, at the Share Exchange Closing, Acquiror (i) shall cause any documents, opinions and notices required to be delivered to the Trustee pursuant to the Trust Agreement to be so delivered and (ii) shall use its reasonable best efforts to cause the Trustee to, and the Trustee shall thereupon be obligated to (A) pay as and when due all amounts payable to Acquiror Shareholders pursuant to the Acquiror Share Redemptions, (B) pay the amounts due to the underwriters of Acquiror’s initial public offering for their deferred underwriting commission as set forth in the Trust Agreement, (C) pay any accrued and unpaid Acquiror Transaction Expenses and Company Transaction Expenses in accordance with Section 3.5 to the extent not previously paid, and (D) pay all remaining amounts then available in the Trust Account to Acquiror in accordance with the Trust Agreement, and (b) thereafter, the Trust Account shall terminate, except as otherwise expressly provided in the Trust Agreement.

Trust Account Proceeds. Upon satisfaction or waiver of the conditions set forth in Article XI and provision of notice thereof to the Trustee (which notice Acquiror SPAC shall be provided to the Trustee in accordance with the terms of the Trust Agreement), (a) in accordance with and pursuant to the Trust Agreement, at the Share Exchange Merger Closing, Acquiror SPAC (i) shall cause any documents, opinions and notices required to be delivered to the Trustee pursuant to the Trust Agreement to be so delivered and (ii) shall use its reasonable best efforts to cause the Trustee to, and the Trustee shall thereupon be obligated to (A) pay as and when due all amounts payable to Acquiror SPAC Shareholders pursuant to the Acquiror SPAC Share Redemptions, (B) pay the amounts due to the underwriters of Acquiror’s initial public offering for their deferred underwriting commission as set forth in the Trust Agreement, (C) pay any accrued and unpaid Acquiror SPAC Transaction Expenses and Group Company Transaction Expenses in accordance with Section 3.5 3.8 to the extent not previously paid, and (D) pay all remaining amounts then available in the Trust Account to Acquiror SPAC in accordance with the Trust Agreement, and (b) thereafter, the Trust Account shall terminate, except as otherwise expressly provided in the Trust Agreement.

Trust Account Proceeds. Upon satisfaction or waiver of the conditions set forth in Article XI VIII and provision of notice thereof to the Trustee (which notice Acquiror Purchaser shall be provided provide to the Trustee in accordance with the terms of the Trust Agreement), (a) in accordance with and pursuant to the Trust Agreement, at the Share Exchange Closing, Acquiror Purchaser (i) shall cause any the documents, opinions and notices required to be delivered to the Trustee pursuant to the Trust Agreement to be so delivered delivered, including providing the Trustee with the Trust Termination Letter; and (ii) shall use its reasonable best efforts to cause the Trustee to, and the Trustee shall thereupon be obligated to to, distribute the Trust Account as directed in the Trust Termination Letter, including all amounts payable (A) pay as and when due all amounts payable to Acquiror Shareholders pursuant Purchaser stockholders who have elected to have their Purchaser Common Stock redeemed in connection with the Acquiror Share RedemptionsRedemption, (B) pay the amounts due for income tax or other tax obligations of Purchaser prior to the underwriters of Acquiror’s initial public offering for their deferred underwriting commission as set forth in the Trust Agreement, (C) pay any accrued and unpaid Acquiror Transaction Expenses and Company Transaction Expenses in accordance with Section 3.5 to the extent not previously paid, and (D) pay all remaining amounts then available in the Trust Account to Acquiror in accordance with the Trust Agreement, Closing and (b) thereafter, the Trust Account shall terminate, except as otherwise expressly provided in provide therein, and the Trust Agreementproceeds therefrom shall be used to pay the Purchaser Transaction Expenses and the Company Transaction Expenses.

Trust Account Proceeds. Upon satisfaction or waiver of the conditions set forth in Article XI IX (other than Section 9.03(g) (Domestication) and those conditions that by their nature or terms are to be satisfied at the Closing) and provision of notice thereof to the Trustee (which notice Acquiror shall be provided provide to the Trustee in accordance with the terms of the Trust Agreement), (a) in accordance with and pursuant to the Trust Agreement, (a) at the Share Exchange Closing, Acquiror (i) shall cause any documents, opinions and notices required to be delivered to the Trustee pursuant to the Trust Agreement to be so delivered and (ii) shall use its reasonable best efforts to cause the Trustee to, and the Trustee shall thereupon be obligated to (Ax) pay as and when due all amounts payable to the Acquiror Shareholders pursuant to the Acquiror Share RedemptionsShareholder Redemption, (By) pay the amounts due to the underwriters of Acquiror’s initial public offering for their deferred underwriting commission as commissions as, in the amount, and subject to the terms set forth in the Trust Agreement, (C) pay any accrued and unpaid Acquiror Transaction Expenses and Company Transaction Expenses in accordance with Section 3.5 to the extent not previously paid, Agreement and (Dz) pay all remaining amounts then available in the Trust Account to Acquiror in accordance with for immediate use, subject to this Agreement and the Trust Agreement, and (b) thereafter, the Trust Account shall terminate, except as otherwise expressly provided in the Trust Agreement.

Trust Account Proceeds. Upon satisfaction or waiver of the conditions set forth in Article XI ARTICLE VIII and provision of notice thereof to the Trustee (which notice Acquiror shall be provided provide to the Trustee in accordance with the terms of the Trust Agreement), (a) in accordance with and pursuant to the Trust Agreement, (a) at the Share Exchange Closing, Acquiror (i) shall cause any documents, opinions and notices required to be delivered to the Trustee pursuant to the Trust Agreement to be so delivered and (ii) shall use its reasonable best efforts to cause the Trustee to, and the Trustee shall thereupon be obligated to (A) pay as and when due all amounts payable to the stockholders of Acquiror Shareholders pursuant to the Acquiror Share RedemptionsShareholder Redemption, (B) pay the amounts due to the underwriters of Acquiror’s initial public offering for their deferred underwriting commission as set forth in the Trust Agreementcommissions, (C) pay any accrued and the amounts due for all remaining unpaid Acquiror Transaction Expenses and Company Transaction Expenses in accordance with Section 3.5 to the extent not previously paid, transaction expenses and (D) pay all remaining amounts then available in the Trust Account to Pubco for immediate use, or as otherwise directed by the Acquiror in accordance with and agreed to by the Company, subject to this Agreement and the Trust Agreement, and (b) thereafter, the Trust Account shall terminate, except as otherwise expressly provided in the Trust Agreement.

Trust Account Proceeds. Upon satisfaction or waiver of the conditions set forth in Article XI IX and provision of notice thereof to the Trustee (which notice Acquiror SPAC shall be provided provide to the Trustee in accordance with the terms of the Trust Agreement), (a) in accordance with and pursuant to the Trust Agreement, (a) prior to or at the Share Exchange Closing, Acquiror SPAC shall (i) shall cause any documents, opinions and notices required to be delivered to the Trustee pursuant to the Trust Agreement to be so delivered and (ii) shall use its reasonable best efforts to cause the Trustee to, and the Trustee shall thereupon be obligated to, subject to the Fee Arrangement, (A) pay as and when due all amounts payable to Acquiror the SPAC Shareholders pursuant to their exercise of the Acquiror Share RedemptionsSPAC Shareholder Redemption Right, (B) pay the amounts due to the underwriters of AcquirorSPAC’s initial public offering for their deferred underwriting commission as set forth in the Trust Agreement, (C) pay any accrued and unpaid Acquiror SPAC Transaction Expenses and Company Transaction Expenses in accordance with Section 3.5 3.10 to the extent not previously otherwise paid, and (D) pay all remaining amounts then available in the Trust Account to Acquiror SPAC in accordance with the Trust Agreement, and (b) thereafter, the Trust Account shall terminate, except as otherwise expressly provided in the Trust Agreement.