Common use of 3Use of Proceeds Clause in Contracts

3Use of Proceeds. None of the net proceeds of the Offering will be paid by the Company to any participating NASD member or its affiliates, except as specifically authorized herein and except as may be paid in connection with a Business Combination as contemplated by the Prospectus.

Appears in 2 contracts

Sources: Underwriting Agreement (Services Acquisition Corp. International), Underwriting Agreement (Services Acquisition Corp. International)