Common use of Trust & Closing Funding Clause in Contracts

Trust & Closing Funding. Subject to the satisfaction or waiver of the conditions set forth in Article IX (other than those conditions that by their nature are to be satisfied at Closing, but subject to the satisfaction or waiver of those conditions), and provision of notice thereof to the Trustee (which notice the SPAC shall provide to the Trustee in accordance with the terms of the Trust Agreement), in accordance with the Trust Agreement and the Governing Documents of the SPAC, at the Closing, the SPAC shall (a) cause the documents, opinions and notices required to be delivered to the Trustee pursuant to the Trust Agreement to be so delivered, and (b) use its best efforts to cause the Trustee to pay as and when due all amounts payable to the SPAC Stockholders who shall have validly elected to redeem their respective SPAC Shares and use its best efforts to cause the Trustee to pay as and when due the amounts due pursuant to the terms of the Trust Agreement.

Trust & Closing Funding. Subject to the satisfaction or waiver of the conditions set forth in Article IX (other than those conditions that by their nature are to be satisfied at Closing, but subject to the satisfaction or waiver of those conditions), ) and provision of notice thereof to the Trustee (which notice the SPAC RAC shall provide to the Trustee in accordance with the terms of the Trust Agreement), in accordance with the Trust Agreement and the RAC Governing Documents of the SPACDocuments, at the Closing, the SPAC RAC shall (a) cause the documents, opinions and notices required to be delivered to the Trustee pursuant to the Trust Agreement to be so delivered, delivered and (b) use its best efforts to cause the Trustee to pay as and when due all amounts payable to the SPAC RAC Stockholders who shall have validly elected to redeem their respective SPAC Shares RAC Stock and use its best efforts to cause the Trustee to pay as and when due the amounts due pursuant to the terms of the Trust Agreement.

Trust & Closing Funding. Subject to the satisfaction or waiver of the conditions set forth in Article IX VIII (other than those conditions that by their nature are to be satisfied at Closing, but subject to the satisfaction or waiver of those conditions), ) and provision of notice thereof to the Trustee (which notice the SPAC XXXX shall provide to the Trustee in accordance with the terms of the Trust Agreement), in accordance with the Trust Agreement and the XXXX Governing Documents of the SPACDocuments, at the Closing, the SPAC XXXX shall (a) cause the documents, opinions and notices required to be delivered to the Trustee pursuant to the Trust Agreement to be so delivered, delivered and (b) use its best efforts to cause the Trustee to pay as and when due all amounts payable to the SPAC XXXX Stockholders who shall have validly elected to redeem their respective SPAC Shares XXXX Stock and use its best efforts to cause the Trustee to pay as and when due the amounts due pursuant to the terms of the Trust Agreement.