Common use of Waiver of Liquidation Distributions; Redemption Rights Clause in Contracts

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 proposed initial public offering (“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 securities in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional 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 of Common Stock into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 4 contracts

Samples: Subscription Agreement (Spindletop Health Acquisition Corp.), Subscription Agreement (EQ Health Acquisition Corp.), Subscription Agreement (EQ Health Acquisition Corp.)

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Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder 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 and into which substantially all of the proceeds of the proposed initial public offering (“IPO”) 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 securities shares of common stock in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Common Stock Shares so subscribed for and 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 of Common Stock common stock held by the Subscriber into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 3 contracts

Samples: Securities Subscription Agreement (Parabellum Acquisition Corp.), Securities Subscription Agreement (CA Healthcare Acquisition Corp.), Securities Subscription Agreement (Evo Acquisition Corp)

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder 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 in, or to any distributions by the Company from 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 proposed initial public offering (“IPO”) 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 securities in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Common Stock Class A 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 of Common Stock into Ordinary Shares for funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 3 contracts

Samples: Securities Subscription Agreement (TLGY Acquisition Corp), Securities Subscription Agreement (Angel Pond Holdings Corp), Securities Subscription Agreement (Artius Acquisition Inc.)

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 proposed initial public offering (“IPO”) 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 securities in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional 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 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 (Crixus BH3 Acquisition Corp.), Subscription Agreement (Home Plate Acquisition Corp)

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder Shares purchased pursuant to this Agreement, the Subscriber Purchaser 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 proposed initial public offering (“IPO”) 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 Purchaser purchases securities shares of Class A common stock in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Common Stock 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 Purchaser have the right to redeem any Founder Shares or shares of Common Stock Class A common stock into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 1 contract

Samples: Securities Purchase Agreement (byNordic Acquisition Corp)

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder Shares Membership Interest 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 proposed initial public offering Initial Public Offering (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 securities units or shares of Class A common stock in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Common Stock 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 of Common Stock Class B common stock into funds held in the Trust Account upon the successful completion of an initial business combination.

Appears in 1 contract

Samples: Membership Interest Subscription Agreement (Landcadia Holdings III, Inc.)

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder Shares subscribed for and 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 proposed initial public offering (“IPO”) 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 securities shares of Ordinary Shares in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Common Stock shares of 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 any Subscriber have the right to redeem any shares of Common Stock into Shares 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 (Catalyst Partners Acquisition Corp.)

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Waiver of Liquidation Distributions; Redemption Rights. In connection with the Additional 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 proposed initial public offering (“IPO”) 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 securities in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional 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 of Common Stock 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 (VectoIQ Acquisition Corp.)

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder 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 in, or to any distributions by the Company from 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 proposed initial public offering (“IPO”) 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 securities in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Common Stock Class A 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 or Class A ordinary 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 (MELI Kaszek Pioneer 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 US-DOCS\125113337.3 stockholders and into which substantially all of the proceeds of the proposed initial public offering (“IPO”) 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 securities any shares of Class A Common Stock in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Common Stock such 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 of Common Stock 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 (VMG Consumer Acquisition Corp.)

Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder 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 in, or to any distributions by the Company from 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 proposed initial public offering (“IPO”) 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 securities in the IPO or securities of the Company issued in the IPO in the aftermarket, any additional Common Stock 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 of Common Stock 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 (Mars Acquisition Corp.)

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