Common use of Trust Fund Waiver Acknowledgment Clause in Contracts

Trust Fund Waiver Acknowledgment. (a) UNDERWRITERS/CO-REPRESENTATIVES. Except with respect to the underwriting discounts and commissions and nonaccountable expense allowance due to the Underwriters only upon successful consummation of a Business Combination, each of the Underwriters and the Co-Representatives hereby agree that it does not have any right, title, interest or claim of any kind in or to any monies in the Trust Fund ("CLAIM"), including those funds being deposited in the Trust Fund representing a portion of the underwriting discounts and commissions and the Co-Representatives' nonaccountable expense allowance owed to the Underwriters and Co-Representatives, and waive 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 Fund for any reason whatsoever.

Trust Fund Waiver Acknowledgment. (a) UNDERWRITERS/CO-REPRESENTATIVESREPRESENTATIVE. Except with respect to the underwriting discounts and commissions and nonaccountable expense allowance due to the Underwriters only upon successful consummation of a Business Combination, each of the Underwriters and the Co-Representatives Representative hereby agree that it does not have any right, title, interest or claim of any kind in or to any monies in the Trust Fund ("CLAIM"), including those funds being deposited in the Trust Fund representing a portion of the underwriting discounts and commissions and the Co-Representatives' Representative's nonaccountable expense allowance owed to the Underwriters and Co-RepresentativesRepresentative, and waive 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 Fund for any reason whatsoever.