Common use of Trust Account Waiver Acknowledgment Clause in Contracts

Trust Account Waiver Acknowledgment. The Company hereby agrees that prior to commencing its due diligence investigation of any Target Business which the Company seeks to acquire for its initial Business Combination or obtaining the services of any third parties (including any vendors or other entities the Company engages after the Offering, but excluding the Company’s independent registered public accounting firm), it is required to cause the Target Business or third party to execute a waiver letter. If a Target Business or third party were to refuse to enter into such a waiver, the Company hereby agrees to enter into discussions with such Target Business or engage such third party only if the Company determines that the Company could not obtain, on a reasonable basis, substantially similar services or opportunities from another entity willing to enter into such a waiver.

Appears in 7 contracts

Samples: Underwriting Agreement (Capitol Investment Corp. VI), Underwriting Agreement (Capitol Investment Corp. VII), Underwriting Agreement (Capitol Investment Corp. VI)

AutoNDA by SimpleDocs

Trust Account Waiver Acknowledgment. The Company hereby agrees that prior to commencing its due diligence investigation of any Target Business operating business or businesses which the Company seeks to acquire for its initial Initial Business Combination or obtaining the services of any third parties (including any vendors or other entities the Company engages after the Offering, but excluding the Company’s independent registered public accounting firm)vendor, it is required will use commercially reasonable efforts to cause the Target Business or third party vendor to execute a waiver letter. letter in the form attached hereto as Exhibit A. If a Target Business or other third party were to refuse to enter into such a waiver, the Company hereby agrees to enter into discussions with such Target Business or engage such other third party only if the Company determines that the Company could not obtain, on a reasonable basis, substantially similar services or opportunities from another entity willing to enter into such a waiverwaiver in writing.

Appears in 3 contracts

Samples: Underwriting Agreement (Sapphire Industrials Corp.), Underwriting Agreement (Sapphire Industrials Corp.), Underwriting Agreement (Sapphire Industrials Corp.)

Trust Account Waiver Acknowledgment. The Company hereby agrees that prior to commencing its due diligence investigation of any Target Business operating business which the Company seeks to acquire for its initial Initial Business Combination (a "Target Business") or obtaining the services of any third parties (including any vendors or other entities the Company engages after the Offering, but excluding the Company’s independent registered public accounting firm)vendor, it is required will use commercially reasonable efforts to cause the Target Business or third party vendor to execute a waiver letter. letter in the form attached hereto as Exhibit A. If a Target Business or other third party were to refuse to enter into such a waiver, the Company hereby agrees to enter into discussions with such Target Business or engage such other third party only if the Company determines that the Company could not obtain, on a reasonable basis, substantially similar services or opportunities from another entity willing to enter into such a waiver.

Appears in 1 contract

Samples: Underwriting Agreement (Alternative Asset Management Acquisition Corp.)

Trust Account Waiver Acknowledgment. The Company hereby agrees that prior to commencing its due diligence investigation of any Target Business operating business which the Company seeks to acquire for its initial Initial Business Combination (a “Target Business”) or obtaining the services of any third parties (including vendor or entering into any vendors or other entities the Company engages after the Offering, but excluding the Company’s independent registered public accounting firm)financing arrangement, it is required will use its best efforts to cause the Target Business or third party vendor or lender, as the case may be, to execute a waiver letter. letter in the form attached hereto as Exhibit A. If a Target Business or other third party were to refuse to enter into such a waiver, the Company hereby agrees to enter into discussions with such Target Business or engage such other third party only if the Company determines that the Company could not obtain, on a reasonable basis, substantially similar services or opportunities from another entity willing to enter into such a waiver.

Appears in 1 contract

Samples: Underwriting Agreement (NTR Acquisition Co.)

AutoNDA by SimpleDocs

Trust Account Waiver Acknowledgment. The Company hereby agrees that prior to commencing its due diligence investigation of any Target Business operating business which the Company seeks to acquire for its initial Initial Business Combination (a “Target Business”) or obtaining the services of any third parties (including any vendors or other entities the Company engages after the Offering, but excluding the Company’s independent registered public accounting firm)vendor, it is required will use its commercially reasonable efforts to cause the Target Business or third party vendor to execute a waiver letter. letter in the form attached hereto as Exhibit A. If a Target Business or other third party were to refuse to enter into such a waiver, the Company hereby agrees to enter into discussions with such Target Business or engage such other third party only if the Company determines that the Company could not obtain, on a reasonable basis, substantially similar services or opportunities from another entity willing to enter into such a waiver.

Appears in 1 contract

Samples: Underwriting Agreement (Overture Acquisition Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!