Common use of Trust Account Proceeds Clause in Contracts

Trust Account Proceeds. The Parties agree that after the Closing, the funds in the Trust Account, after taking into account payments for the Redemption, and any proceeds received by Pubco or Purchaser from any PIPE Investment shall first be used to pay (i) Purchaser’s accrued Expenses, including Purchaser’s deferred Expenses of the IPO and (ii) any loans owed by Purchaser to Sponsor for Expenses (including deferred Expenses), other administrative costs and expenses incurred by or on behalf of Purchaser or Extension Expenses. Such amounts, as well as any Expenses that are required or permitted to be paid by delivery of Pubco Securities, will be paid at the Closing. Any remaining cash will be transferred to a Target Company or Pubco and used for working capital and general corporate purposes.

Trust Account Proceeds. The Parties agree that after the Closing, the funds in the Trust Account, after taking into account payments for the Redemption, and any proceeds received by Pubco or Purchaser from any PIPE Investment Transaction Financing shall first be used to pay (i) Purchaser’s accrued Expenses, including Expenses and Purchaser’s deferred Expenses expenses of the IPO and (ii) deferred advisor fees, and any loans owed by Purchaser to Sponsor for Expenses expenses (including deferred Expensesexpenses), other administrative costs and expenses incurred by or on behalf of Purchaser or Extension Expenses. Such amounts, as well as any Expenses expenses that are required or permitted to be paid by delivery of Pubco Securitiessecurities, will shall be paid at the Closing. Any remaining cash will shall be transferred to a Target Company or used by Pubco and used the Target Companies for working capital and general corporate purposes.

Trust Account Proceeds. The Parties agree that after the Acquisition Closing, the funds in the Trust Account, after taking into account payments for the Redemption, and any proceeds received by Pubco or Purchaser from any the PIPE Investment shall first be used to pay (i) Purchaser’s accrued the Purchaser Transaction Expenses, including Purchaser’s deferred Expenses of the IPO and (ii) any loans owed by Purchaser to Sponsor for Expenses (including deferred the Purchaser Transaction Expenses), other administrative costs and expenses incurred by or on behalf of Purchaser or Extension and (iii) the Company Transaction Expenses. Such amounts, as well as any Expenses expenses that are required or permitted to be paid by delivery of Pubco Securities, will be paid at the Acquisition Closing. Any remaining cash will be transferred to a Target Company or Pubco and used for working capital and general corporate purposes.

Trust Account Proceeds. The Parties agree that after the Closing, the funds in the Trust Account, after taking into account payments for the Redemption, and any proceeds received by Pubco or Purchaser from any PIPE Investment Financing shall first be used to pay (i) Purchaser’s accrued Expenses, including Purchaser’s deferred Expenses of the IPO and (ii) deferred advisor fees, and any loans owed by Purchaser to Sponsor for Expenses (including deferred Expenses), other administrative costs and expenses incurred by or on behalf of Purchaser or Extension Expenses. Such amounts, as well as any Expenses that are required or permitted to be paid by delivery of Pubco Securitiessecurities, will shall be paid at the Closing. Any remaining cash will shall be transferred to a Target Company or used by Pubco and used the Target Companies for working capital and general corporate purposes.