SPAC Articles definition
Examples of SPAC Articles in a sentence
Since May 20, 2025 the SPAC has not released any money from the Trust Account, except in accordance with the Trust Agreement and SPAC Articles.
From and after the Closing, Acquiror shall be responsible for all liabilities of the SPAC, including the orderly liquidation and dissolution of the SPAC in accordance with the SPAC Articles if it is unable to consummate an Initial Business Combination, as well as the reasonable and documented out-of-pocket expenses of the Sponsor or the resigning directors as expressly provided in Section 6 of this Agreement.
The Sponsor agrees and acknowledges that such irrevocable waiver is material to this Agreement and specifically relied upon by the Acquiror and its Affiliates to induce the Acquiror to enter into this Agreement, and the Sponsor further intends and understands such waiver to be valid, binding and enforceable against the Sponsor and each of its Affiliates under applicable Law and the SPAC Articles.