Common use of Waivers of Claims Against Trust Account Clause in Contracts

Waivers of Claims Against Trust Account. Except as otherwise disclosed on the Schedule of Liabilities described in Section 6(f) above, Buyer has not obtained and agrees that it will not obtain, the services of any vendor or service provider unless and until such vendor or service provider acknowledges in writing that it does not have any right, title, interest or claim of any kind in or to any monies, securities, or other assets of the Trust Account and waives any claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with Buyer and will not seek recourse against the Trust Account for any reason whatsoever; provided that the foregoing shall not apply to Buyer’s independent accountants. In addition, Buyer will obtain and deliver to Seller irrevocable waivers of claims against the Trust Account from Migami, and Loeb & Loeb LLP, which must remain in full force and effect until the Aggregate Purchase Price and Fees have been irrevocably paid to Seller.