Waiver of Claims to Trust Account Clause Example from Business Contracts

This example Waiver of Claims to Trust Account clause appears in 21 contracts from 6 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 13 for the benefit of the Company and holders of shares 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 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 Virgin Group Acquisition Corp. II contract

VG Acquisition Corp. Contracts

Indemnity Agreement, dated October 1, 2020, between the Company and Josh Bayliss (Filed With SEC on October 6, 2020)

Indemnity Agreement, dated October 1, 2020, between the Company and Evan Lovell (Filed With SEC on October 6, 2020)

Indemnity Agreement, dated October 1, 2020, between the Company and Teresa Briggs (Filed With SEC on October 6, 2020)

Highland Transcend Partners I Corp. Contracts

Form of Indemnity Agreement (Filed With SEC on November 20, 2020)

Indemnity Agreement, dated December 2, 2020, between the Company and Ian Friedman (Filed With SEC on December 7, 2020)

Indemnity Agreement, dated December 2, 2020, between the Company and Robert Davis (Filed With SEC on December 7, 2020)

Indemnity Agreement, dated December 2, 2020, between the Company and William Hockey (Filed With SEC on December 7, 2020)

Indemnity Agreement, dated December 2, 2020, between the Company and Greg Peters (Filed With SEC on December 7, 2020)

Virgin Group Acquisition Corp. II Contracts