Common use of Trust Account Clause in Contracts

Trust Account. (i) The Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 36 contracts

Samples: Forward Purchase Agreement (Motive Capital Corp II), Forward Purchase Agreement (Ermenegildo Zegna Holditalia S.p.A.), Forward Purchase Agreement (Fintech Ecosystem Development Corp.)

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Trust Account. (i) ). The Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 10 contracts

Samples: Forward Purchase Agreement (LDH Growth Corp I), Forward Purchase Agreement (SVF Investment Corp. 3), Forward Purchase Agreement (SVF Investment Corp. 2)

Trust Account. (i) The Each Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders stockholders upon the IPO Closingclosing of the IPO. The Each Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the such Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 8 contracts

Samples: Forward Purchase Agreement (Longview Acquisition Corp. II), Forward Purchase Agreement (Longview Acquisition Corp. II), Forward Purchase Agreement (Longview Acquisition Corp. II)

Trust Account. (i) The Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Ordinary Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 8 contracts

Samples: Forward Purchase Agreement (Orion Biotech Opportunities Corp.), Forward Purchase Agreement (Aries I Acquisition Corp.), Forward Purchase Agreement (Orion Biotech Opportunities Corp.)

Trust Account. (i) The Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Ordinary Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 7 contracts

Samples: Forward Purchase Agreement (Founder SPAC), Forward Purchase Agreement (Founder SPAC), Forward Purchase Agreement (Founder SPAC)

Trust Account. (i) The Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Shares ordinary shares issued in the IPO (the “Public Shares”) held by it.

Appears in 4 contracts

Samples: Forward Purchase Agreement (Sound Point Acquisition Corp I, LTD), Forward Purchase Agreement (Sound Point Acquisition Corp I, LTD), Forward Purchase Agreement (Sound Point Acquisition Corp I, LTD)

Trust Account. (i) The Each Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the IPO Closingclosing of the IPO. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 3 contracts

Samples: Forward Purchase Agreement (Wejo Holdings Ltd.), Forward Purchase Agreement (TKB Critical Technologies 1), Forward Purchase Agreement (TKB Critical Technologies 1)

Trust Account. (i) The Purchaser hereby acknowledges that it is aware that the Company will establish has established a trust account (the “Trust Account”) for the benefit of its public shareholders upon in connection with the IPO Closingclosing of the Company’s IPO. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any distributions therefrom, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Ordinary Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 2 contracts

Samples: Backstop Agreement (CC Neuberger Principal Holdings III), Backstop Agreement (CC Neuberger Principal Holdings II)

Trust Account. (i) The Purchaser Subscriber hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon closing of the IPO ClosingCompany’s initial public offering (the “IPO”). The PurchaserSubscriber, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser Subscriber may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) Forward Purchase Securities held by it.

Appears in 2 contracts

Samples: MELI Kaszek Pioneer Corp, MELI Kaszek Pioneer Corp

Trust Account. (i) The Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders stockholders upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 2 contracts

Samples: Forward Purchase Agreement (Periphas Capital Partnering Corp), Form of Forward Purchase Agreement (Periphas Capital Partnering Corp)

Trust Account. (i) The Each Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the IPO Closing. The Each Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the each Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 2 contracts

Samples: Forward Purchase Agreement (Motive Capital Corp), Forward Purchase Agreement (Motive Capital Corp)

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Trust Account. (i) The Each Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the IPO Closing. The Each Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the such Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 1 contract

Samples: Forward Purchase Agreement (Waldencast Acquisition Corp.)

Trust Account. (i) The Each Purchaser hereby acknowledges that it is aware that the Company will establish established a trust account (the “Trust Account”) for the benefit of its public shareholders upon the IPO Closing. The Each Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the each Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 1 contract

Samples: Forward Purchase Agreement (Motive Capital Corp)

Trust Account. (i) The Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) held by it; provided that this Section 6(a)(i) shall expire and have no further force or effect once the proceeds in the Trust Account have been distributed to the Company.

Appears in 1 contract

Samples: Forward Purchase Agreement (Authentic Equity Acquisition Corp.)

Trust Account. (i) The Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the Trust Account”) Account for the benefit of its public shareholders upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 1 contract

Samples: Forward Purchase Agreement (Waldencast Acquisition Corp.)

Trust Account. (i) The Purchaser hereby acknowledges that it is aware that the Company will establish has established a trust account (the “Trust Account”) for the benefit of its public shareholders upon in connection with the IPO Closingclosing of the Company’s IPO. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any distributions therefrom, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 1 contract

Samples: Backstop Agreement (CC Neuberger Principal Holdings I)

Trust Account. (i) The i)The Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Class A Ordinary Shares issued in the IPO (the “Public Shares”) held by it.

Appears in 1 contract

Samples: Forward Purchase Agreement (Aries I Acquisition Corp.)

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