Waiver of Claims to Trust Account Clause Example from Business Contracts

This example Waiver of Claims to Trust Account clause appears in 6 contracts from 1 company

Waiver of Claims to Trust Account. 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 initial public offering and hereby waives any Claim it may have in the future as a result of, or arising out of, any services provided 18 to the Company and will not seek recourse against such trust account fo...r 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 a Business Combination. View More
Found in C5 Acquisition Corp contract
C5 Acquisition Corp Contracts

Indemnity Agreement, dated January 6, 2022, between the Company and Steven J. Demetriou (Filed With SEC on January 12, 2022)

Indemnity Agreement, dated January 6, 2021, between the Company and David Glickman (Filed With SEC on January 12, 2022)

Indemnity Agreement, dated January 6, 2022, between the Company and Arun Gupta (Filed With SEC on January 12, 2022)

Indemnity Agreement, dated January 6, 2022, between the Company and Robert Meyerson (Filed With SEC on January 12, 2022)

Indemnity Agreement, dated January 6, 2022, between the Company and Jeanne Tisinger (Filed With SEC on January 12, 2022)

Indemnity Agreement, dated January 6, 2022, between the Company and Linda Zecher (Filed With SEC on January 12, 2022)