Common use of Waiver of Interests to the Funds Clause in Contracts

Waiver of Interests to the Funds. The Company will seek to have all vendors, service providers, prospective target businesses and other entities with which it does business enter into agreements waiving any right, title, interest or claim of any kind in or to any monies held in the Trust Account for the benefit of the Public Stockholders. If any third party refuses to enter into an agreement waiving such claims to the monies held in the Trust Account, the Company’s management will consider whether competitive alternatives are reasonably available to the Company, and will only enter into an agreement with such third party if the Company’s management believes that such third party’s engagement would be in the best interests of the Company under the circumstances.

Appears in 6 contracts

Samples: Underwriting Agreement (Landcadia Holdings III, Inc.), Underwriting Agreement (Landcadia Holdings III, Inc.), Underwriting Agreement (Landcadia Holdings II, Inc.)

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Waiver of Interests to the Funds. The Company will seek to have all vendors, service providers, prospective target businesses and other entities with which it does business enter into execute agreements with it waiving any right, title, interest or claim of any kind in or to any monies held in the Trust Account for the benefit of the Public Stockholders. If any third party refuses to enter into execute an agreement waiving such claims to the monies held in the Trust Account, the Company’s management will consider whether competitive perform an analysis of the alternatives are reasonably available to the Company, Company it and will only enter into an agreement with such a third party that has not executed a wavier if the Company’s management believes that such third party’s engagement would be in the best interests of significantly more beneficial to the Company under the circumstancesthan any alternative.

Appears in 4 contracts

Samples: Underwriting Agreement (EdtechX Holdings Acquisition Corp. II), Underwriting Agreement (Mudrick Capital Acquisition Corp. II), Underwriting Agreement (EdtechX Holdings Acquisition Corp. II)

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