Common use of Net Tangible Assets Test Clause in Contracts

Net Tangible Assets Test. Upon the Closing, and after giving effect to the completion of the Redemption Offers and the payment of all accrued and unpaid Expenses, OAC shall have net tangible assets of at least $5,000,001, excluding any assets or liabilities of the Target Companies.

Appears in 2 contracts

Samples: Merger Agreement (Hightimes Holding Corp.), Merger Agreement (Origo Acquisition Corp)

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Net Tangible Assets Test. Upon the Closing, and after giving effect to the completion of the Closing Redemption Offers and the payment of all accrued and unpaid ExpensesOffer, OAC shall have net tangible assets of at least $5,000,001, excluding any assets or liabilities of the Target Companies.

Appears in 2 contracts

Samples: Merger Agreement (Aina Le'a Inc.), Merger Agreement (Origo Acquisition Corp)

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