Interest Income. Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, interest earned on the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company and up to $100,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Interest Income. Interest earned by GRANTEE on funds received under this AGREEMENT shall be Program Income (“Program Income”). No part of the funds received shall be commingled with other funds or used to support other programs.
Interest Income. Prior to the Company’s consummation of a Business Transaction or the Company’s liquidation, interest earned on the Trust Account may be released (i) to the Company to pay any taxes incurred by the Company, and (ii) to the Company, from time to time, to fund its working capital and general corporate requirements, as more fully described in the Prospectus.
Interest Income. We will make periodic payments of interest earned from the proceeds left with us. Payments can be annual, semi-annual, quarterly or monthly, and will begin at the end of the first period chosen. Proceeds left under this plan will earn interest at 3% compounded yearly. We may increase the interest rate and the amount of any payment. If the payee dies, the amount of remaining proceeds and any earned but unpaid interest will be paid in one sum to his or her estate unless otherwise provided.
Interest Income. Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, interest earned on the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes payable by the Company and up to $100,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below). Except for taxes, the proceeds placed in the Trust Account and the interest earned thereon shall not be used to pay for possible excise tax or any other fees or taxes that may be levied on the Company pursuant to any current, pending or future rules or laws, including without limitation any excise tax due under the Inflation Reduction Act of 2022 (“IRA”) on any redemptions or stock buybacks by the Company.
Interest Income. The Proceeds remain with us to earn interest. This interest may be left to accumulate or be paid periodically as stated above.
Interest Income. All resident withholding tax certificates for interest income received from within and outside New Zealand.
Interest Income. Sellers shall cause all Interest Income in respect of the Purchased Assets to be deposited directly in the Depository Account. Such Interest Income shall be applied monthly by Buyer as follows:
Interest Income. The proceeds may be left on deposit. Interest earned may be paid in cash at regular intervals or left to accumulate at interest. We will pay interest at a rate not less than 3% per year. All or part of these proceeds may be withdrawn upon request.
Interest Income. Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, interest earned on the Trust Account may be released (i) to the Company pay any taxes incurred by the Company , (ii) to redeeming shareholders voting against the extended period, as more fully described in the prospectus, and (iii) to the Company, from time to time, to fund its working capital and general corporate requirements in an amount not to exceed $1,500,000, provided however, that the Company may not withdraw any interest to fund its working capital and general corporate requirements if such withdrawal would cause the balance of the Trust Account to fall below $100,000,000 (or $114,625,000 if the Over-allotment Option is exercised in full).
