Trust Account Definitions from Business Contracts | Business Dictionary

Trust Account. The trust account into which a portion of the net proceeds of the Public Offering, a portion of the proceeds of the sale of the Private Placement Units shall be deposited and the $5,000,000 (or up to $5,750,000 if the Underwriters' option to purchase additional units in connection with the Company's initial public offering is exercised in full) loan from the Sponsor to the Company

Found in Cerberus Telecom Acquisition Corp. II contract

Trust Account. The trust account into which portions of the net proceeds of each of the Public Offering and the sale of the Private Placement Warrants, respectively, shall be deposited

Found in Cartica Acquisition Corp contract

Trust Account. The trust account into which a portion of the net proceeds of the Public Offering, the sale of the Private Placement Warrants and the CB Co-Investment loan shall be deposited

Found in Chain Bridge I contract

Trust Account. Means the trust account created and established by the Grantor with the Trustee with respect to the 2021 Trust pursuant to Section 2(b) hereof.

Found in James River Group Holdings, Ltd. contract

Trust Account. The trust fund located in the United States into which a portion of the net proceeds of the Public Offering shall be deposited

Found in ITHAX Acquisition Corp. contract

Trust Account. The trust account into which the net proceeds of the Public Offering and certain proceeds from the sale of the Private Placement Warrants shall be deposited

Found in Global Synergy Acquisition Corp. contract

Trust Account. The trust fund into which a portion of the net proceeds of the Company's initial public offering were deposited for the benefit of the Company, certain of its public shareholders and the underwriters of the Company's initial public offering.

Found in Social Capital Hedosophia Holdings Corp. contract