Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 214 contracts
Samples: Securities Subscription Agreement (Stellar v Capital Corp. (Cayman Islands)), Securities Subscription Agreement (Mountain Lake Acquisition Corp.), Securities Subscription Agreement (Rising Dragon Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 130 contracts
Samples: Founder Share Subscription Agreement (Eureka Acquisition Corp), Subscription Agreement (Spark I Acquisition Corp), Subscription Agreement (Spark I Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 88 contracts
Samples: Securities Subscription Agreement (Intrepid Acquisition Corp I), Securities Subscription Agreement (Hawks Acquisition Corp), Securities Subscription Agreement (Conyers Park III Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Shares Class A Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of Common Stock held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 52 contracts
Samples: Securities Subscription Agreement (Gores Holdings X, Inc.), Securities Subscription Agreement (Gores Holdings IX, Inc.), Securities Subscription Agreement (LF Capital Acquisition Corp. II)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 50 contracts
Samples: Securities Subscription Agreement (Cantor Equity Partners I, Inc.), Securities Subscription Agreement (CF Acquisition Corp. A), Securities Subscription Agreement (TMT Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions from the Trust Account by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of Common Stock into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 47 contracts
Samples: Subscription Agreement (Noble Education Acquisition Corp.), Subscription Agreement (Mindset Growth Opportunities I Corp.), Subscription Agreement (Ault Disruptive Technologies Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 42 contracts
Samples: Securities Subscription Agreement (Flag Fish Acquisition Corp), Securities Subscription Agreement (Cohen Circle Acquisition Corp. I), Securities Subscription Agreement (Expectation Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 35 contracts
Samples: Securities Subscription Agreement (Kensington Capital Acquisition Corp. IV), Securities Subscription Agreement (Evergreen Corp), Securities Subscription Agreement (Technology & Telecommunication Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of Ordinary Shares held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 30 contracts
Samples: Securities Assignment Agreement (Ambipar Emergency Response), Securities Subscription Agreement (AXIOS Sustainable Growth Acquisition Corp), Securities Subscription Agreement (AXIOS Sustainable Growth Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combinationcombination by the Company.
Appears in 27 contracts
Samples: Securities Subscription Agreement (KnightSwan Acquisition Corp), Securities Subscription Agreement (KnightSwan Acquisiton Corp), Securities Subscription Agreement (KnightSwan Acquisiton Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased and subscribed for pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Shares so purchased and subscribed for shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of Ordinary Shares held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 26 contracts
Samples: Securities Assignment Agreement (GP-Act III Acquisition Corp.), Securities Assignment Agreement (GP-Act III Acquisition Corp.), Contribution Agreement (GP-Act III Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of Common Stock into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 23 contracts
Samples: Subscription Agreement (Navigation Capital Acquisition VIII Corp.), Subscription Agreement (Navigation Capital Acquisition VII Corp.), Subscription Agreement (Navigation Capital Acquisition IX Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares subscribed for and purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber subscribes for and purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares so subscribed for and purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 18 contracts
Samples: Securities Subscription Agreement (Corner Growth Acquisition Corp. 3), Securities Subscription Agreement (Corner Growth Acquisition Corp. 2), Securities Subscription Agreement (Leo Holdings III Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased and subscribed for pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Shares so purchased and subscribed for shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of Common Stock held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 16 contracts
Samples: Securities Subscription Agreement (Whale Point Acquisition Corp.), Securities Subscription Agreement (OmniLit Acquisition Corp.), Securities Subscription Agreement (ExcelFin Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Ordinary Shares in the IPO or in the aftermarket, any additional Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combinationcombination by the Company.
Appears in 16 contracts
Samples: Securities Subscription Agreement (Andretti Acquisition Corp.), Securities Subscription Agreement (Andretti Acquisition Corp.), Securities Subscription Agreement (ONS Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares subscribed for and purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber subscribes for and purchases Shares in the IPO or in the aftermarket, any additional Shares so subscribed for and purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 15 contracts
Samples: Securities Subscription Agreement (Centurion Acquisition Corp.), Securities Subscription Agreement (RCF Acquisition Corp.), Securities Subscription Agreement (Pyrophyte Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Shares shares of Class A Common Stock so purchased shall be eligible to receive any liquidating distributions from the Trust Account by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of Common Stock into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 10 contracts
Samples: Subscription Agreement for Founder Shares (Foresight Acquisition Corp. II), Subscription Agreement (Foresight Acquisition Corp. II), Subscription Agreement (Concord Acquisition Corp II)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares subscribed for and purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber subscribes for purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares so subscribed for and purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 7 contracts
Samples: Securities Subscription Agreement (Victory Acquisition Corp.), Securities Subscription Agreement (Spring Valley Acquisition Corp. II), Securities Subscription Agreement (Peridot Acquisition Corp. II)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 6 contracts
Samples: Securities Subscription Agreement (Newbury Street II Acquisition Corp), Securities Subscription Agreement (SIM Acquisition Corp. I), Securities Subscription Agreement (Churchill Capital Corp IX/Cayman)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares issued pursuant to this Agreement into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 6 contracts
Samples: Securities Subscription Agreement (Global Blockchain Acquisition Corp.), Securities Subscription Agreement (Aesther Healthcare Acquisition Corp.), Securities Subscription Agreement (NorthView Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into in exchange for funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 6 contracts
Samples: Securities Subscription Agreement, Securities Subscription Agreement (Leisure Acquisition Corp.), Securities Subscription Agreement (Leisure Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased subscribed for pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases subscribes for Ordinary Shares in the IPO or in the aftermarket, any additional Ordinary Shares so purchased subscribed for shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combinationcombination by the Company.
Appears in 5 contracts
Samples: Securities Subscription Agreement (Catcha Investment Corp), Securities Subscription Agreement (Silver Crest Acquisition Corp), Securities Subscription Agreement (Global Synergy Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased subscribed for pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases and subscribes for Ordinary Shares in the IPO or in the aftermarket, any additional Ordinary Shares so purchased / subscribed shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combinationcombination by the Company.
Appears in 4 contracts
Samples: Securities Subscription Agreement (SVF Investment Corp. 2), Securities Subscription Agreement (SVF Investment Corp. 3), Securities Subscription Agreement (LDH Growth Corp I)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Ordinary Shares in the IPO or in the aftermarket, any additional Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 4 contracts
Samples: Securities Subscription Agreement (M3-Brigade Acquisition v Corp.), Securities Subscription Agreement (TradeUP 88 Corp.), Securities Subscription Agreement (Learn CW Investment Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the purchase of the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares into held by it for funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 4 contracts
Samples: Securities Subscription Agreement (Social Capital Suvretta Holdings Corp. II), Securities Subscription Agreement (Social Capital Suvretta Holdings Corp. III), Securities Subscription Agreement (Social Capital Suvretta Holdings Corp. I)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Purchased Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares into held by it for funds held in the Trust Account upon the successful completion of an initial business combinationcombination by the Company.
Appears in 4 contracts
Samples: Securities Subscription Agreement (Israel Amplify Program Corp.), Securities Subscription Agreement (Israel Amplify Program Corp.), Securities Subscription Agreement (Israel Amplify Program Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares subscribed for and purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 4 contracts
Samples: Securities Subscription Agreement (Lamar Partnering Corp), Securities Subscription Agreement (Acies Acquisition Corp. II), Securities Subscription Agreement (Acies Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares ordinary shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 4 contracts
Samples: Securities Subscription Agreement (Metals Acquisition Corp), Securities Subscription Agreement (Jaguar Global Growth Corp I), Securities Subscription Agreement (Metals Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Common Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Common Shares held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 4 contracts
Samples: Securities Subscription Agreement (Zi Toprun Acquisition Corp.), Subscription Agreement (Mana Capital Acquisition Corp.), Subscription Agreement (Mana Capital Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combinationpartnering transaction. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the CompanyCompany in accordance with the terms of such Common Stock. However, in no event will the Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combinationpartnering transaction by the Company.
Appears in 3 contracts
Samples: Securities Subscription Agreement (Arena Fortify Acquisition Corp.), Securities Subscription Agreement (7 Acquisition Corp), Securities Subscription Agreement (Post Holdings Partnering Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares into held by it for funds held in the Trust Account upon the successful completion of an initial business combinationcombination by the Company.
Appears in 3 contracts
Samples: Securities Subscription Agreement (Lazard Healthcare Acquisition Corp. I), Securities Subscription Agreement (Lazard Fintech Acquisition Corp. I), Securities Subscription Agreement (Lazard Growth Acquisition Corp. I)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which all or substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 3 contracts
Samples: Securities Subscription Agreement (Israel Acquisitions Corp), Securities Subscription Agreement (Rose Hill Acquisition Corp), Securities Subscription Agreement (L Catterton Latin America Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with, and with respect to, the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 3 contracts
Samples: Securities Subscription Agreement (Crescent Acquisition Corp), Securities Subscription Agreement (Eagle Acquisition Corp.), Securities Subscription Agreement (Colony Global Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 3 contracts
Samples: Securities Subscription Agreement (Zhong Hui Holding LTD), Securities Subscription Agreement (BSP Acquisition Corp.), Securities Subscription Agreement (Quinpario Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Shares shares of Common Stock so purchased shall be eligible to receive any liquidating distributions from the Trust Account by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of Common Stock into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Subscription Agreement for Founder Shares (Williams Rowland Acquisition Corp.), Subscription Agreement (Williams Rowland Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with With respect to the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Southport Acquisition Corp), Securities Subscription Agreement (Oyster Enterprises Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Ordinary Shares in the IPO or in the aftermarket, any additional Class A Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Sculptor Acquisition Corp I), Securities Subscription Agreement (SPGL Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases any Ordinary Shares in the IPO or in the aftermarket, any additional Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combinationcombination by the Company.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Pomona Acquisition LTD), Securities Subscription Agreement (HCM Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s 's public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s 's failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Digital Health Acquisition Corp.), Securities Subscription Agreement (OTR Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares subscribed for and purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon upon, amongst other things, the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares subscribes for ordinary shares in the IPO or in the aftermarket, any additional Shares so subscribed for and purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Peridot Acquisition Corp. III), Securities Subscription Agreement (Peridot Acquisition Corp. III)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account Trust Account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combinationa Business Combination. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combinationa Business Combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Chart Acquisition Corp.), Securities Subscription Agreement (SCG Financial Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares shares of common stock in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of common stock into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (PROOF Acquisition Corp I), Securities Subscription Agreement (Big Sky Growth Partners, Inc.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combinationpartnering transaction. For purposes of clarity, in the event the any Subscriber purchases Shares shares of Common Stock in the IPO or in the aftermarket, any additional Shares shares of Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the any Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combinationpartnering transaction by the Company.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Revolution Healthcare Acquisition Corp.), Securities Subscription Agreement (Revolution Healthcare Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with With respect to the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Ordinary Shares in the IPO or in the aftermarket, any additional Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Singularity Acquisition Corp.), Securities Subscription Agreement (Think Elevation Capital Growth Opportunities)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares subscribed for and purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber subscribes for and purchases Shares securities in the IPO or in the aftermarket, any additional Class A Shares so subscribed for and purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Altimeter Growth Corp. 2), Securities Subscription Agreement (Altimeter Growth Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Pace Holdings Corp.), Securities Subscription Agreement (Paceline Holdings Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combinationpartnering transaction. For purposes of clarity, in the event the Subscriber purchases Ordinary Shares in the IPO or in the aftermarket, any additional Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combinationpartnering transaction by the Company.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Corsair Partnering Corp), Securities Subscription Agreement (Corsair Partnering Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares subscribed for and purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber subscribes for and purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares ordinary shares so subscribed for and purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Sarissa Capital Acquisition Corp.), Securities Subscription Agreement (Genesis Park Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Shares Class A ordinary shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Chenghe Acquisition II Co.), Securities Subscription Agreement (Chenghe Acquisition II Co.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Gores Holdings, Inc.), Securities Subscription Agreement (Gores Holdings, Inc.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest interest, or claim of any kind in or to any distributions by the Company from the trust account account, which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes the removal of clarityambiguity, in the event the Subscriber purchases Shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Black Hawk Acquisition Corp), Securities Subscription Agreement (Black Hawk Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares subscribed for and purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber subscribes for and purchases Shares in the IPO or in the aftermarket, any additional Shares so subscribed for and purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Subscription Agreement (Archimedes Tech SPAC Partners II Co.), Securities Subscription Agreement (Drugs Made in America Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares subcribed for and purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Shares ordinary shares so subscribed for and purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (CC Neuberger Principal Holdings III), Securities Subscription Agreement (CC Neuberger Principal Holdings II)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combinationpartnering transaction. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combinationpartnering transaction by the Company.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Periphas Capital Partnering Corp), Securities Subscription Agreement (Executive Network Partnering Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account Trust Account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combinationa Business Combination. For purposes of clarity, in the event the Subscriber purchases Ordinary Shares in the IPO or in the aftermarket, any additional Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combinationa Business Combination.
Appears in 2 contracts
Samples: Securities Subscription Agreement (S.E. Asia Emerging Market Company., LTD), Securities Subscription Agreement (S.E. Asia Emerging Market Company., LTD)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares common stock in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares common stock into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Jaws Hurricane Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the ““ Trust AccountAccount ”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Big Rock Partners Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Jackson Acquisition Co II)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. combination For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (M3-Brigade Acquisition II Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares subscribed for and purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Ordinary Shares so subscribed for and purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Blue Room Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased and subscribed for pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Shares so purchased and subscribed for shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Thrive Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Onyx Acquisition Co. I)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the relevant Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combinationpartnering transaction. For purposes of clarity, in the event the any Subscriber purchases Shares shares of Common Stock in the IPO or in the aftermarket, any additional Shares shares of Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the any Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combinationpartnering transaction by the Company.
Appears in 1 contract
Samples: Securities Subscription Agreement (Health Assurance Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which all or substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (890 5th Avenue Partners, Inc.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares ordinary shares or units in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into ordinary shares for funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (EQV Ventures Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely totimely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (UTXO Acquisition Inc.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares Securities purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Signal Hill Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares shares of Common Stock in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of Common Stock into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Motor City Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the each Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the any Subscriber purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the any Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (ESGEN Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber Buyer hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber Buyer purchases Shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. HoweverCompany nor shall any such additional Shares be subject to the other restrictions and limitations set forth in Agreement; provided, however, in no event will the Subscriber Buyer have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Assignment Agreement (PENSARE ACQUISITION Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Ocean Drive Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Shares ordinary shares so purchased shall be eligible to receive any liquidating distributions from the Trust Account by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Subscription Agreement for Founder Shares (Range Capital Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Ordinary Shares in the IPO or in the aftermarket, any additional Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into for funds held in the Trust Account upon the successful completion of an initial business combinationcombination by the Company.
Appears in 1 contract
Samples: Securities Subscription Agreement (Altimar Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem have any Shares into ordinary shares redeemed with the funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Green Visor Financial Technology Acquisition Corp I)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of Common Stock held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (TPG Pace Energy Holdings Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s 's public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s 's failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Churchill Capital Corp III)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination. 5.
Appears in 1 contract
Samples: Securities Subscription Agreement (L&F Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber Buyer hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber Buyer purchases Shares ordinary shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber Buyer have the right to redeem any Shares ordinary shares into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Purchase Agreement (Levere Holdings Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of Common Stock into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (SportsTek Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares Securities purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combinationBusiness Combination. For purposes of clarity, in the event the Subscriber purchases Shares Common Stock in the IPO or in the aftermarket, any additional Shares Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares Securities into funds held in the Trust Account upon the successful completion of an initial business combinationa Business Combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Terrapin 3 Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which that will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares shares of common stock in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of common stock into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Subscription Agreement (Red Cell DRM Acquisition Corp.)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased acquired and subscribed for pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares securities in the IPO or in the aftermarket, any additional Class A Shares so purchased and subscribed for shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares shares of Common Stock held by it into funds held in the Trust Account upon the successful completion of an initial business combination.
Appears in 1 contract
Samples: Securities Exchange Agreement (Revolution Acceleration Acquisition Corp)
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account Trust Account which will be established for the benefit of the Company’s public stockholders shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combinationa Business Transaction. For purposes of clarity, in the event the Subscriber purchases Ordinary Shares in the IPO or in the aftermarket, any additional Ordinary Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combinationa Business Transaction.
Appears in 1 contract
Samples: Securities Subscription Agreement (FlatWorld Acquisition Corp.)
