Common use of Expenses of Liquidation and Dissolution Clause in Contracts

Expenses of Liquidation and Dissolution. Upon the written request of the Company, following the receipt by the Trustee of the Termination Letter in the form attached hereto as Exhibit B, the Trustee shall distribute to the Company an amount up to $75,000 to pay the Company’s expenses of liquidation and dissolution; provided that the Company shall certify to the Trustee that such amount does not exceed the aggregate amount of income earned on the Property through the last day of the month immediately preceding the Company’s request, net of taxes payable in respect of such income and amounts previously disbursed pursuant to Sections 2.1 and 2.2; and provided further that, at the time of making such request, the Company shall certify to the Trustee that it does not otherwise have available outside the Trust Account funds necessary to pay the expenses of liquidation and dissolution.

Expenses of Liquidation and Dissolution. Upon the written request of the Company, following the receipt by the Trustee Account Agent of the Termination Letter in the form attached hereto as Exhibit B, the Trustee Account Agent shall distribute to the Company an amount up to $75,000 15,000 to pay the Company’s expenses of liquidation and dissolution; provided that the Company shall certify to the Trustee Account Agent that such amount does not exceed the aggregate amount of income earned on the Property through the last day of the month immediately preceding the Company’s request, net of taxes payable in respect of such income and amounts previously disbursed pursuant to Sections 2.1 and 2.2; and provided further that, at the time of making such request, the Company shall certify to the Trustee Account Agent that it does not otherwise have available outside the Trust Account funds necessary to pay the expenses of liquidation and dissolution.