Common use of Trust Account Waiver Acknowledgment Clause in Contracts

Trust Account Waiver Acknowledgment. The Company hereby agrees that, prior to entering into a written letter of intent, confidentiality or non-disclosure agreement or other written agreement with a target business (“Target Business”) or obtaining the services of any vendor or service provider (excluding, solely with respect to any deferred underwriters’ discounts and commissions, the Underwriters), the Company will use commercially reasonable efforts to cause such Target Business or vendor or service provider to acknowledge in writing, through such letter of intent, confidentiality agreement or other similar document (and subsequently acknowledged in any definitive document replacing any of the foregoing), that (a) it has read the Prospectus and understands that the Company has established the Trust Account, initially in an amount of $150,000,000 (including deferred underwriting discounts and commissions of $5,700,000) for the benefit of the public stockholders of the Company and the Underwriters, as described in the Trust Agreement and as further described on Exhibit A attached hereto, and (b) for and in consideration of the Company (i) agreeing to enter into such agreement with such Target Business or (ii) agreeing to engage the services of the vendor or service provider, as the case may be, such Target Business or vendor or service provider agrees that it does not have any right, title, interest or claim in or to any amounts held in the Trust Account (“Claim”) and waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.

Trust Account Waiver Acknowledgment. The Company hereby agrees that, prior to entering into a written letter commencing its due diligence investigation of intent, confidentiality or non-disclosure agreement or other written agreement with a target any operating business which the Company seeks to acquire (the “Target Business”) or obtaining the services of any vendor or service provider (excluding, solely with respect to any deferred underwriters’ discounts and commissions, the Underwriters), the Company will use commercially reasonable efforts to cause such Target Business or vendor or service provider to acknowledge in writing, whether through such a letter of intent, confidentiality agreement memorandum of understanding or other similar document (and subsequently acknowledged acknowledges the same in any definitive document replacing any of the foregoing), that (a) it has read the Prospectus and understands that the Company has established the Trust Account, initially in an amount of $150,000,000 __________ (including deferred underwriting discounts and commissions of $5,700,000__________) for the benefit of the public stockholders of the Company and the Underwriters, as described in the Trust Agreement and as further described on Exhibit A attached hereto, and (b) for and in consideration of the Company (i) agreeing to enter into such agreement with evaluate such Target Business for purposes of consummating the Initial Business Combination with it or (ii) agreeing to engage the services of the vendor or service providervendor, as the case may be, such Target Business or vendor or service provider agrees that it does not have any right, title, interest or claim of any kind in or to any amounts held monies in the Trust Account (the “ClaimClaims”) and waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.

Trust Account Waiver Acknowledgment. The Company hereby agrees that, prior to entering into a written letter of intent, confidentiality or non-disclosure agreement or other written agreement with a target business (“Target Business”) or obtaining the services of any vendor or service provider (excluding, solely with respect to any deferred underwriters’ discounts and commissions, the Underwriters), the Company will use commercially reasonable efforts to cause such Target Business or vendor or service provider to acknowledge in writing, through such letter of intent, confidentiality agreement or other similar document (and subsequently acknowledged in any definitive document replacing any of the foregoing), that (a) it has read the Prospectus and understands that the Company has established the Trust Account, initially in an amount of $150,000,000 [_________] (including deferred underwriting discounts and commissions of $5,700,000[_________]) for the benefit of the public stockholders of the Company and the Underwriters, as described in the Trust Agreement and as further described on Exhibit A attached hereto, and (b) for and in consideration of the Company (i) agreeing to enter into such agreement with such Target Business or (ii) agreeing to engage the services of the vendor or service provider, as the case may be, such Target Business or vendor or service provider agrees that it does not have any right, title, interest or claim in or to any amounts held in the Trust Account (“Claim”) and waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.

Trust Account Waiver Acknowledgment. The Company hereby agrees that, prior to entering into a written letter of intent, confidentiality or non-disclosure agreement or other written agreement with a target business (“Target Business”) or obtaining the services of any vendor or service provider (excluding, solely with respect to any deferred underwriters’ discounts and commissions, the Underwriters), the Company will use commercially reasonable efforts to cause such Target Business or vendor or service provider to acknowledge in writing, through such letter of intent, confidentiality agreement or other similar document (and subsequently acknowledged in any definitive document replacing any of the foregoing), that (a) it has read the Prospectus and understands that the Company has established the Trust Account, initially in an amount of $150,000,000 125,000,000 (including deferred underwriting discounts and commissions of $5,700,0004,750,000) for the benefit of the public stockholders of the Company and the Underwriters, as described in the Trust Agreement and as further described on Exhibit A attached hereto, and (b) for and in consideration of the Company (i) agreeing to enter into such agreement with such Target Business or (ii) agreeing to engage the services of the vendor or service provider, as the case may be, such Target Business or vendor or service provider agrees that it does not have any right, title, interest or claim in or to any amounts held in the Trust Account (“Claim”) and waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.

Trust Account Waiver Acknowledgment. The Company hereby agrees that, prior to entering into a written letter of intent, confidentiality or non-disclosure agreement or other written agreement with a target business (“Target Business”) or obtaining the services of any vendor or service provider (excluding, solely with respect to any deferred underwriters’ discounts and commissions, the Underwriters), the Company will use commercially reasonable efforts to cause such Target Business or vendor or service provider to acknowledge in writing, through such letter of intent, confidentiality agreement or other similar document (and subsequently acknowledged in any definitive document replacing any of the foregoing), that (a) it has read the Prospectus and understands that the Company has established the Trust Account, initially in an amount of $150,000,000 143,700,000 (including deferred underwriting discounts and commissions of $5,700,0006,000,000) for the benefit of the public stockholders of the Company and the Underwriters, as described in the Trust Agreement and as further described on Exhibit A attached hereto, and (b) for and in consideration of the Company (i) agreeing to enter into such agreement with such Target Business or (ii) agreeing to engage the services of the vendor or service provider, as the case may be, such Target Business or vendor or service provider agrees that it does not have any right, title, interest or claim in or to any amounts held in the Trust Account (“Claim”) and waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.

Trust Account Waiver Acknowledgment. The Company hereby agrees that, prior to entering into a written letter commencing its due diligence investigation of intent, confidentiality or non-disclosure agreement or other written agreement with a target any operating business which the Company seeks to acquire (the “Target Business”) or obtaining the services of any vendor or service provider (excluding, solely with respect to any deferred underwriters’ discounts and commissions, the Underwriters), the Company will use commercially reasonable efforts to cause such Target Business or vendor or service provider to acknowledge in writing, whether through such a letter of intent, confidentiality agreement memorandum of understanding or other similar document (and subsequently acknowledged acknowledges the same in any definitive document replacing any of the foregoing), that (a) it has read the Prospectus and understands that the Company has established the Trust Account, initially in an amount of $150,000,000 143,775,000 (including deferred underwriting discounts and commissions of $5,700,0006,000,000) for the benefit of the public stockholders of the Company and the Underwriters, as described in the Trust Agreement and as further described on Exhibit A attached hereto, and (b) for and in consideration of the Company (i) agreeing to enter into such agreement with evaluate such Target Business for purposes of consummating the Initial Business Combination with it or (ii) agreeing to engage the services of the vendor or service providervendor, as the case may be, such Target Business or vendor or service provider agrees that it does not have any right, title, interest or claim of any kind in or to any amounts held monies in the Trust Account (the “ClaimClaims”) and waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.

Trust Account Waiver Acknowledgment. The Company hereby agrees that, prior to entering into a written letter of intent, confidentiality or non-disclosure agreement or other written agreement with a target business (“Target Business”) or obtaining the services of any vendor or service provider (excluding, solely with respect to any deferred underwriters’ discounts and commissions, the Underwriters), the Company will use commercially reasonable efforts to cause such Target Business or vendor or service provider to acknowledge in writing, through such letter of intent, confidentiality agreement or other similar document (and subsequently acknowledged in any definitive document replacing any of the foregoing), that (a) it has read the Prospectus and understands that the Company has established the Trust Account, initially in an amount of $150,000,000 [________] (including deferred underwriting discounts and commissions of $5,700,000[_________]) for the benefit of the public stockholders of the Company and the Underwriters, as described in the Trust Agreement and as further described on Exhibit A attached hereto, and (b) for and in consideration of the Company (i) agreeing to enter into such agreement with such Target Business or (ii) agreeing to engage the services of the vendor or service provider, as the case may be, such Target Business or vendor or service provider agrees that it does not have any right, title, interest or claim in or to any amounts held in the Trust Account (“Claim”) and waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.

Trust Account Waiver Acknowledgment. The Company hereby agrees that, prior to entering into a written letter commencing its due diligence investigation of intent, confidentiality or non-disclosure agreement or other written agreement with a target any operating business which the Company seeks to acquire (the “Target Business”) or obtaining the services of any vendor or service provider (excluding, solely with respect to any deferred underwriters’ discounts and commissions, the Underwriters), the Company will use commercially reasonable efforts to cause such Target Business or vendor or service provider to acknowledge in writing, whether through such a letter of intent, confidentiality agreement memorandum of understanding or other similar document (and subsequently acknowledged acknowledges the same in any definitive document replacing any of the foregoing), that (a) it has read the Prospectus and understands that the Company has established the Trust Account, initially in an amount of $150,000,000 112,275,000 (including deferred underwriting discounts and commissions of $5,700,0002,400,000) for the benefit of the public stockholders of the Company and the Underwriters, as described in the Trust Agreement and as further described on Exhibit A attached hereto, and (b) for and in consideration of the Company (i) agreeing to enter into such agreement with evaluate such Target Business for purposes of consummating the Initial Business Combination with it or (ii) agreeing to engage the services of the vendor or service providervendor, as the case may be, such Target Business or vendor or service provider agrees that it does not have any right, title, interest or claim of any kind in or to any amounts held monies in the Trust Account (the “ClaimClaims”) and waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.