Common use of Minimum Cash Condition Clause in Contracts

Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and 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 Purchaser’s unpaid Expenses or Liabilities, at least equal to Ten Million U.S. Dollars ($10,000,000).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Global Blockchain Acquisition Corp.), Agreement and Plan of Merger (Megalith Financial Acquisition Corp), Agreement and Plan of Merger (Customers Bancorp, Inc.)

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Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and cash equivalents, including funds remaining in the Trust Account (after giving effect to the completion and payment of the Redemption) Redemption and the proceeds of any PIPE Investment, prior to giving effect to the payment of Purchaser’s unpaid Expenses or Liabilitiesand the Company’s Transaction Expenses) and taking into account the proceeds from any PIPE Financing, of at least equal to Ten Forty Million U.S. Dollars ($10,000,00040,000,000).

Appears in 2 contracts

Samples: Business Combination Agreement (ClimateRock), Business Combination Agreement (ClimateRock)

Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and 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 Purchaser’s unpaid Expenses or Liabilities, at least equal to Ten Sixty Million U.S. Dollars ($10,000,00060,000,000).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital World Acquisition Corp.)

Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and 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 the Purchaser’s unpaid Expenses or Liabilities, at least equal to Ten Million one hundred million U.S. Dollars ($10,000,000100,000,000).

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Galileo Acquisition Corp.)

Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and cash equivalents, including funds remaining in the Trust Account (after giving effect to the completion and payment of the Redemption) and the proceeds of from any PIPE Investment, prior to giving effect to Investment (but excluding proceeds from any PIPE Investment sourced and closed by the payment of Purchaser’s unpaid Expenses or LiabilitiesCompany), at least equal to Ten Million U.S. Dollars ($10,000,000)the aggregate Expenses of Purchaser.

Appears in 1 contract

Samples: Business Combination Agreement (Distoken Acquisition Corp)

Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and cash equivalents, including funds remaining in the Trust Account (after giving effect to the completion and payment of the RedemptionRedemptions) and the proceeds from the Financing Transactions, after payment of any PIPE Investmentthe Company Transaction Expenses and Purchaser Transaction Expenses (including, prior to giving effect with regard to the payment of Purchaser’s unpaid Expenses or Liabilities, Extension Expenses) and other Liabilities due at the Closing, at least equal to Ten Million fifty million U.S. Dollars ($10,000,00050,000,000).

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Innovative International Acquisition Corp.)

Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and 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 or any other alternative financing mutually agreed upon by the parties, after giving effect to the payment of Purchaser’s unpaid Expenses or and Liabilities, at least equal to Ten Twenty-Five Million U.S. Dollars ($10,000,00025,000,000).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Benessere Capital Acquisition Corp.)

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Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and cash equivalents, including funds equivalents remaining in the Trust Account (after giving effect to the completion and payment of the Redemption) and including the proceeds of any PIPE Investmentbackstop arrangement, prior to giving effect to the payment of Purchaser’s unpaid Expenses or Liabilities, at least equal to Ten Million U.S. Dollars ($10,000,000).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Edoc Acquisition Corp.)

Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and 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 after giving effect to the payment of the Purchaser’s unpaid Expenses or Liabilitiesand the Company’s Transaction Expenses pursuant to the terms of Section 5.19 hereof, at least equal to Ten Thirty Million U.S. Dollars ($10,000,00030,00,000).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Data Knights Acquisition Corp.)

Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and 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 Purchaser’s unpaid Expenses or Liabilities, of at least equal to Ten Million U.S. Dollars ($10,000,000).

Appears in 1 contract

Samples: Business Combination Agreement (Edoc Acquisition Corp.)

Minimum Cash Condition. Upon the Closing, the Purchaser shall have cash and 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 InvestmentEquity Investment or Debt Financing, prior to after giving effect to the payment of Purchaser’s unpaid Expenses or LiabilitiesLiabilities and the Company’s unpaid Expenses, at least equal to Ten Million U.S. Dollars ($10,000,000).

Appears in 1 contract

Samples: Business Combination Agreement (Healthwell Acquisition Corp. I)

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