Waiver of Claims to Trust Account Clause Example from Business Contracts

This example Waiver of Claims to Trust Account clause appears in 4 contracts from 1 company

Waiver of Claims to Trust Account. Notwithstanding anything contained herein to the contrary, Indemnitee hereby agrees that it does not have any right, title, interest or claim of any kind (each, a "Claim") in or to any monies in the trust account established in connection with the Company's initial public offering for the benefit of the Company and holders of the Company's securities issued in such offering (the "Trust Account"), and hereby waives any Claim it may have in the future as a result of, or arising out of, any service...s provided to the Company and will not seek recourse against such Trust Account for any reason whatsoever. Accordingly, Indemnitee acknowledges and agrees that any indemnification provided hereto will only be able to be satisfied by the Company if (i) the Company has sufficient funds outside of the 17 Trust Account to satisfy its obligations hereunder or (ii) the Company consummates an initial business combination. View More
Found in Tiga Acquisition Corp. contract
Tiga Acquisition Corp. Contracts

Indemnity Agreement, dated November 23, 2020, between the Company and Carman Wong (Filed With SEC on November 30, 2020)

Indemnity Agreement, dated November 23, 2020, between the Company and Ben Falloon (Filed With SEC on November 30, 2020)

Indemnity Agreement, dated November 23, 2020, between the Company and Peter Chambers (Filed With SEC on November 30, 2020)

Indemnity Agreement, dated November 23, 2020, between the Company and Diana Luo (Filed With SEC on November 30, 2020)