Common use of Waiver of Right to Amounts in the Trust Account and Indemnification Clause in Contracts

Waiver of Right to Amounts in the Trust Account and Indemnification. (i) The Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the trust account established by the Company for the deposit of proceeds from the Initial Public Offering and the sale of the Private Placement Warrants, as a result of any liquidation of the trust account, with respect to the Founders’ Shares (“Claim”) and hereby waives any Claim it may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the trust account for any reason whatsoever except for any amounts to which it may be entitled upon liquidation of the Company in respect of the Purchaser’s ownership of Shares other than the Founders’ Shares.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Leopard Acquisition Corp.), Securities Purchase Agreement (Leopard Acquisition Corp.), Securities Purchase Agreement (Leopard Acquisition Corp.)

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Waiver of Right to Amounts in the Trust Account and Indemnification. (i) The Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the trust account established by the Company for the deposit of proceeds from the Initial Public Offering and the sale of the Private Placement WarrantsOffering, as a result of any liquidation of the trust account, with respect to the Founders’ Shares (“Claim”) and hereby waives any Claim it may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the trust account for any reason whatsoever except for any amounts to which it may be entitled upon liquidation of the Company in respect of the Purchaser’s ownership of Shares other than the Founders’ Shares.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Leopard Acquisition Corp.), Securities Purchase Agreement (Leopard Acquisition Corp.), Securities Purchase Agreement (Leopard Acquisition Corp.)

Waiver of Right to Amounts in the Trust Account and Indemnification. (i) The Each Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the trust account established by the Company for the deposit of proceeds from the Initial Public Offering and the sale of the Private Placement WarrantsOffering, as a result of any liquidation of the trust account, with respect to the Founders’ Shares (“Claim”) and hereby waives any Claim it may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the trust account for any reason whatsoever except for any amounts to which it may be entitled upon liquidation of the Company in respect of the such Purchaser’s ownership of Shares other than the Founders’ Shares.

Appears in 1 contract

Samples: ’ Securities Purchase Agreement (FinTech Acquisition Corp.)

Waiver of Right to Amounts in the Trust Account and Indemnification. (i) The Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the trust account established by the Company for the deposit of proceeds from the Initial Public Offering and the sale of the Private Placement Warrants, as a result of any liquidation of the trust account, with respect to the Founders’ Founder’s Shares (“Claim”) and hereby waives any Claim it may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the trust account for any reason whatsoever except for any amounts to which it may be entitled upon liquidation of the Company in respect of the Purchaser’s ownership of Shares other than the Founders’ Founder’s Shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (HCM Acquisition CO)

Waiver of Right to Amounts in the Trust Account and Indemnification. (i) The Each Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the trust account established by the Company for the deposit of proceeds from the Initial Public Offering and the sale of the Private Placement WarrantsUnits, as a result of any liquidation of the trust account, with respect to the Founders’ Shares and Private Placement Shares (“Claim”) and hereby waives any Claim it may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the trust account for any reason whatsoever except for any amounts to which it may be entitled upon liquidation of the Company in respect of the such Purchaser’s ownership of Shares Common Stock other than the Founders’ Shares and Private Placement Shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (HCM Acquisition CO)

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Waiver of Right to Amounts in the Trust Account and Indemnification. (i) The Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the trust account established by the Company for the deposit of proceeds from the Initial Public Offering and the sale of the Private Placement Additional Founder's Warrants, as a result of any liquidation of the trust account, with respect to the Founders’ Founder's Shares ("Claim") and hereby waives any Claim it may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the trust account for any reason whatsoever except for any amounts to which it may be entitled upon liquidation of the Company in respect of the Purchaser’s 's ownership of Shares other than the Founders’ Founder's Shares.

Appears in 1 contract

Samples: Purchase Agreement (SP Acquisition Holdings, Inc.)

Waiver of Right to Amounts in the Trust Account and Indemnification. (i) The Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the trust account established by the Company for the deposit of proceeds from the Initial Public Offering and the sale of the Private Placement Warrants, as a result of any liquidation of the trust account, with respect to the Founders’ Sponsor Shares (“Claim”) and hereby waives any Claim it may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the trust account for any reason whatsoever except for any amounts to which it may be entitled upon liquidation of the Company in respect of the Purchaser’s ownership of Shares other than the Founders’ Sponsor Shares.

Appears in 1 contract

Samples: Sponsor Securities Purchase Agreement (FinTech Acquisition Corp.)

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