Common use of General Provisions Regarding Trust Account Clause in Contracts

General Provisions Regarding Trust Account. (a) The Company shall not direct the Trustee to make any investment of any funds in the Trust Account or to sell any investment held in the Trust Account except under the following terms and conditions: (i) (A) each such investment shall be made in the name of the Trustee (in its capacity as such) or its nominee (or, if applicable law provides for perfection of pledges of an investment not evidenced by a certificate or other instrument through registration of such pledge on books maintained by or on behalf of the issuer of such investment, such pledge may be so registered), (B) the Trustee shall have sole investment control over such investment, the income thereon and the proceeds thereof, and (C) any instrument evidencing such investment shall be delivered directly to the Trustee or its agent; and (ii) the proceeds of each sale of such investment shall be remitted by the purchaser thereof directly to the Trustee for deposit in the Trust Account.

General Provisions Regarding Trust Account. (a) The Company shall not direct the Trustee to make any investment of any funds in the Trust Account or to sell any investment held in the Trust Account except under the following terms and conditions: (i) (Ai)(A) each such investment shall be made in the name of the Trustee (in its capacity as such) or its nominee (or, if applicable law provides for perfection of pledges of an investment not evidenced by a certificate or other instrument through registration of such pledge on books maintained by or on behalf of the issuer of such investment, such pledge may be so registered), (B) the Trustee shall have sole investment control over such investment, the income thereon and the proceeds thereof, and (C) any instrument evidencing such investment shall be delivered directly to the Trustee or its agent; and (ii) the proceeds of each sale of such investment shall be remitted by the purchaser thereof directly to the Trustee for deposit in the Trust Account.