Waiver of Claims to Trust Account Clause Example from Business Contracts

This example Waiver of Claims to Trust Account clause appears in 13 contracts from 11 companies

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 shares issued in such offering (the "Trust Account"), and hereby waives 13 any Claim it may have in the future as a result of, or arising out of, any services provided to t...he 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 Trust Account to satisfy its obligations hereunder or (ii) the Company consummates an initial business combination. View More
Found in Spinning Eagle Acquisition Corp. contract
Ascendant Digital Acquisition Corp. Contracts

Form of Indemnity Agreement (Filed With SEC on July 2, 2020)

VPC Impact Acquisition Holdings Contracts

Form of Indemnity Agreement (Filed With SEC on September 16, 2020)

Trepont Acquistion Corp I Contracts

Form of Indemnity Agreement (Filed With SEC on November 16, 2020)

Indemnity Agreement, dated December 1, 2020, between the Company and Sanjay Jha (Filed With SEC on December 4, 2020)

Spinning Eagle Acquisition Corp. Contracts

Form of Indemnity Agreement (Filed With SEC on January 4, 2021)

Form of Indemnity Agreement (Filed With SEC on February 11, 2021)

Alpha Capital Acquisition Co Contracts

Form of Indemnity Agreement (Filed With SEC on January 29, 2021)

VPC Impact Acquisition Holdings II Contracts

Form of Indemnity Agreement (Filed With SEC on February 19, 2021)

10X Capital Venture Acquisition Corp. II Contracts

Form of Indemnity Agreement (Filed With SEC on April 8, 2021)

10X Capital Venture Acquisition Corp. III Contracts

Form of Indemnity Agreement (Filed With SEC on June 2, 2021)

Ascendant Digital Acquisition Corp. III Contracts

Form of Indemnity Agreement (Filed With SEC on June 25, 2021)

Screaming Eagle Acquisition Corp. Contracts

Form of Indemnity Agreement (Filed With SEC on December 15, 2021)

Ascendant Mobility Acquisition Corp I Contracts

Form of Indemnity Agreement (Filed With SEC on December 17, 2021)