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: Merger Agreement (Global Blockchain Acquisition Corp.), Merger Agreement (Megalith Financial Acquisition Corp), Merger Agreement (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 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: Merger 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 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 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: Merger Agreement (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 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 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: Merger Agreement (Data Knights Acquisition Corp.)

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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) 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)

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.)

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: Merger Agreement (Digital World Acquisition Corp.)

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