Closing Cash. After taking into account (i) payments by Purchaser for the Redemption and (ii) the PIPE Investment Amount (but excluding the Purchaser Transaction Expenses), Purchaser and Pubco shall have at least an aggregate of two hundred and forty million Dollars ($240,000,000) of cash held either in or outside of the Trust Account, and Purchaser shall have made arrangements prior to the Share Acquisition Closing Date for any portion of such cash held in the Trust Account to be released from the Trust Account in connection with the Share Acquisition Closing.
Appears in 2 contracts
Samples: Business Combination Agreement (Vertical Aerospace Ltd.), Business Combination Agreement (Broadstone Acquisition Corp.)
Closing Cash. After taking into account (i) payments by Purchaser for the Redemption and any proceeds received by Pubco under the Forward Purchase Agreement (iias amended) and the PIPE Investment Amount (but excluding the Purchaser Transaction Expenses)Subscription Agreements, Purchaser and Pubco shall have at least an aggregate of two hundred and forty million One Hundred Million Dollars ($240,000,000100,000,000) of cash held either in or outside of the Trust Account, and Purchaser shall have made arrangements prior to the Share Acquisition Closing Date for any portion of such cash held in the Trust Account to be released from the Trust Account in connection with the Share Acquisition Closing.
1.9 Section 11.1
Appears in 2 contracts
Samples: Business Combination Agreement (Nexters Inc.), Business Combination Agreement (Kismet Acquisition One Corp)
