Common use of Parent Net Tangible Assets Clause in Contracts

Parent Net Tangible Assets. Parent shall have at least $5,000,001 of net tangible assets either immediately prior to or upon the Closing after giving effect to the exercise by the Redeeming Stockholders of their right to redeem the shares of Parent Common Stock held by them for a pro rata share of the Trust Fund in accordance with Parent’s Charter Documents.

Parent Net Tangible Assets. Parent shall have at least $5,000,001 of net tangible assets either immediately prior to or upon the Closing after giving effect to following the exercise by the Redeeming Stockholders holders of shares of Parent Common Stock issued in Parent’s initial public offering of securities and outstanding immediately before the Closing of their right to redeem the convert their shares of Parent Common Stock held by them for into a pro rata share of the Trust Fund in accordance with Parent’s Charter Documents.

Parent Net Tangible Assets. Parent shall have have, either immediately prior to or upon the Closing, at least $5,000,001 of net tangible assets either immediately prior to or upon the Closing after giving effect to following the exercise by the Redeeming Stockholders holders of their right to redeem the shares of Parent Common Stock held by them for issued in Parent’s initial public offering of securities and outstanding immediately before the Closing of their right to convert their shares into a pro rata share of the Trust Fund in accordance with Parent’s Charter Documents.

Parent Net Tangible Assets. Parent shall have at least $5,000,001 of net tangible assets either immediately prior to or upon (as determined in accordance with Rule 3a51-1(g)(1) of the Closing after giving effect to Exchange Act) following the exercise by the Redeeming Stockholders holders of shares of Parent Class A Common Stock issued in Parent’s initial public offering of securities and outstanding immediately before the Closing of their right to redeem the convert their shares of Parent Class A Common Stock held by them for into a pro rata share of the Trust Fund Account in accordance with Parent’s Charter Parent Organizational Documents.