Waiver of Liquidation Distributions; Redemption Rights. 4.1 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 as defined in the Company’s Certificate of Incorporation. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock in the IPO or in the aftermarket (the “Additional Shares”), any additional Shares of 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 of common stock, both Shares and Additional Shares, into funds held in the Trust Account upon the successful completion of an initial business combination.
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Samples: Securities Subscription Agreement (Global Star Acquisition Inc.), Securities Subscription Agreement (Pono Capital Two, Inc.), BCGF Acquisition Corp.
Waiver of Liquidation Distributions; Redemption Rights. 4.1 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 as defined in the Company’s Certificate Memorandum and Articles of IncorporationAssociation. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock shares in the IPO or in the aftermarket (the “Additional Shares”), any additional Additional Shares of Class A common stock 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 common stock, both Shares and Additional Shares, into funds held in the Trust Account upon the successful completion of an initial business combination.
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Samples: Energem Corp
Waiver of Liquidation Distributions; Redemption Rights. 4.1 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 as defined in the Company’s Certificate Memorandum and Articles of IncorporationAssociation. For purposes of clarity, in the event the Subscriber purchases ordinary shares of Class A common stock in the IPO or in the aftermarket (the “Additional Shares”), any additional Additional Shares of Class A common stock 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 of common stockordinary shares, both Shares and Additional Shares, into funds held in the Trust Account upon the successful completion of an initial business combination.
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Samples: AI Transportation Acquisition Corp
Waiver of Liquidation Distributions; Redemption Rights. 4.1 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 as defined in the Company’s Certificate Memorandum and Articles of IncorporationAssociation. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock Ordinary Shares in the IPO or in the aftermarket (the “Additional Shares”), any additional Shares of Class A common stock 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 of common stockOrdinary Shares, both Shares and Additional Shares, into funds held in the Trust Account upon the successful completion of an initial business combination.
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Waiver of Liquidation Distributions; Redemption Rights. 4.1 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 as defined in the Company’s Certificate Memorandum and Articles of IncorporationAssociation. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock shares in the IPO or in the aftermarket (the “Additional Shares”), any additional Additional Shares of Class A common stock 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 common stockOrdinary Shares, both Shares and Additional Shares, into funds held in the Trust Account upon the successful completion of an initial business combination.
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Samples: AEI CapForce II Investment Corp
Waiver of Liquidation Distributions; Redemption Rights. 4.1 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 as defined in the Company’s Certificate of Incorporation. For purposes of clarity, in the event the Subscriber purchases shares of Class A common stock in the IPO or in the aftermarket (the “Additional Shares”), any additional Shares shares of 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 of common stock, both Shares and Additional Shares, into funds held in the Trust Account upon the successful completion of an initial business combination.
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Samples: Broad Capital Acquisition Corp