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 Redemptions) and the proceeds from the Financing Transactions, after payment of the Company Transaction Expenses and Purchaser Transaction Expenses (including, with regard to the Purchaser, Extension Expenses) and other Liabilities due at the Closing, at least equal to fifty million U.S. Dollars ($50,000,000).

Appears in 1 contract

Samples: Merger Agreement (Innovative International 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 Redemptionsthe Redemption) and the proceeds from the Financing Transactions, after payment of the Company Transaction Expenses and Purchaser Transaction Expenses (including, with regard to the Purchaser, Extension Expenses) and other Liabilities due at the ClosingFinancing, at least equal to fifty million Forty Million U.S. Dollars ($50,000,00040,000,000) (before payment of Expenses and any outstanding debt) (the “Minimum Cash Condition”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lakeshore Acquisition I 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 Redemptions) the Redemption and payment of each Party’s Expenses, including any Extension Expenses), and the proceeds from the Financing Transactions, after payment aggregate amount of the Company Transaction Expenses and any Purchaser Transaction Expenses (including, with regard to the Purchaser, Extension Expenses) and other Liabilities due at the Closing, Financing of at least equal to fifty million U.S. Dollars ($50,000,000)10,000,000.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Americas Technology 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 Redemptionsthe Redemption) and the proceeds from the Financing Transactionsof any Equity Investment or Debt Financing, after giving effect to the payment of Purchaser’s unpaid Expenses or Liabilities and the Company Transaction Expenses and Purchaser Transaction Expenses (including, with regard to the Purchaser, Extension Company’s unpaid Expenses) and other Liabilities due at the Closing, at least equal to fifty million Fifteen Million U.S. Dollars ($50,000,00015,000,000).

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 Redemptionsthe Redemption) and the proceeds from the Financing Transactionsof any Backstop Agreement, after giving effect to (i) the payment of Purchaser’s unpaid Expenses or Liabilities and (ii) the payment of Company Transaction Expenses and Purchaser Transaction Expenses (including, with regard to the Purchaser, Extension Expenses) and other Liabilities due at the Closing, at least equal to fifty million U.S. Dollars ($50,000,000).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aesther Healthcare 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 Redemptions) and the proceeds from the Financing TransactionsRedemption), after giving effect to (i) the payment of Purchaser’s unpaid Expenses or Liabilities and (ii) the payment of Company Transaction Expenses and Purchaser Transaction Expenses (including, with regard to the Purchaser, Extension Expenses) and other Liabilities due at the Closing, at least equal to fifty million U.S. Dollars $25,000,000 ($50,000,000the “Minimum Cash Condition”).

Appears in 1 contract

Samples: Merger Agreement (Semper Paratus 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 Redemptions) the Redemption and payment of each Party’s Expenses, including any Extension Expenses), and the proceeds from the Financing Transactions, after payment aggregate amount of the Company Transaction Expenses and any Purchaser Transaction Expenses Financing (including, with regard to including the Purchaser, Extension ExpensesSupport Subscription Agreement) and other Liabilities due at the Closing, of at least equal to fifty million U.S. Dollars ($50,000,00030,000,000).

Appears in 1 contract

Samples: Merger Agreement (Americas Technology Acquisition Corp.)

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