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).
Appears in 191 contracts
Samples: Underwriting Agreement (CO2 Energy Transition Corp.), Underwriting Agreement (CO2 Energy Transition Corp.), Underwriting Agreement (CO2 Energy Transition Corp.)
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 dissolution expenses, all as more fully described in the Prospectus (as defined below).
Appears in 77 contracts
Samples: Underwriting Agreement (Mountain Lake Acquisition Corp.), Underwriting Agreement (Mountain Lake Acquisition Corp.), Underwriting Agreement (K&f Growth Acquisition Corp. Ii)
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 expensesCompany, all as more fully described in the Prospectus (as defined below).
Appears in 74 contracts
Samples: Underwriting Agreement (CF Acquisition Corp. VII), Underwriting Agreement (Battery Future Acquisition Corp.), Underwriting Agreement (CF Acquisition Corp. VII)
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 50,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Appears in 35 contracts
Samples: Underwriting Agreement (Horizon Space Acquisition II Corp.), Underwriting Agreement (Horizon Space Acquisition II Corp.), Underwriting Agreement (Eureka Acquisition Corp)
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 prior to $100,000 for the consummation of the Business Combination or the liquidation expensesof the Company, all as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 30 contracts
Samples: Underwriting Agreement (Papaya Growth Opportunity Corp. I), Underwriting Agreement (Phoenix Biotech Acquisition Corp.), Underwriting Agreement (Phoenix Biotech Acquisition Corp.)
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 expensesCompany, all as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 24 contracts
Samples: Underwriting Agreement (B. Riley Principal 250 Merger Corp.), Underwriting Agreement (B. Riley Principal 250 Merger Corp.), Underwriting Agreement (B. Riley Principal 250 Merger Corp.)
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 expensesCompany, all as more fully described in the Prospectus (as defined below).
Appears in 20 contracts
Samples: Underwriting Agreement (Technology & Telecommunication Acquisition Corp), Underwriting Agreement (Energem Corp), Underwriting Agreement (Energem Corp)
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)Prospectus.
Appears in 20 contracts
Samples: Underwriting Agreement (GSR III Acquisition Corp.), Underwriting Agreement (GSR III Acquisition Corp.), Underwriting Agreement (GSR II Meteora Acquisition Corp.)
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 the liquidation expenses, all as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 19 contracts
Samples: Underwriting Agreement (Endeavor Acquisition Corp.), Underwriting Agreement (10X Capital Venture Acquisition Corp. III), Underwriting Agreement (10X Capital Venture Acquisition Corp. III)
Interest Income. Prior to the Company’s consummation of a the 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)Prospectus.
Appears in 16 contracts
Samples: Underwriting Agreement (IB Acquisition Corp.), Underwriting Agreement (IB Acquisition Corp.), Underwriting Agreement (IB Acquisition Corp.)
Interest Income. Prior to the Company’s consummation of a the initial 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 10,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Appears in 12 contracts
Samples: Underwriting Agreement (Industrial Human Capital, Inc.), Underwriting Agreement (TechStackery, Inc.), Underwriting Agreement (Firemark Global Capital, Inc.)
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 franchise and income taxes incurred by the Company and up to $100,000 for liquidation expensesCompany, all as more fully described in the Prospectus (as defined below).
Appears in 10 contracts
Samples: Underwriting Agreement (Golden Arrow Merger Corp.), Underwriting Agreement (Golden Arrow Merger Corp.), Underwriting Agreement (BOA Acquisition Corp.)
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 payable by the Company and up to $100,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Appears in 9 contracts
Samples: Underwriting Agreement (HCM II Acquisition Corp.), Underwriting Agreement (HCM II Acquisition Corp.), Underwriting Agreement (SIM Acquisition Corp. I)
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 dissolution expenses, all as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 8 contracts
Samples: Underwriting Agreement (Prospect Energy Holdings Corp.), Underwriting Agreement (Prospect Energy Holdings Corp.), Underwriting Agreement (Plutonian Acquisition Corp.)
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 only in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company and up to $100,000 for liquidation expensesCompany, all as more fully described in the Prospectus (as defined below).
Appears in 7 contracts
Samples: Underwriting Agreement (Cantor Equity Partners I, Inc.), Underwriting Agreement (Cantor Equity Partners, Inc.), Underwriting Agreement (Cantor Equity Partners, Inc.)
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 income or other tax obligations incurred by the Company and up to $100,000 for liquidation expensesCompany, all as more fully described in the Prospectus (as defined below).
Appears in 7 contracts
Samples: Underwriting Agreement (Aquarius II Acquisition Corp.), Underwriting Agreement (Aquarius II Acquisition Corp.), Underwriting Agreement (Aquarius II Acquisition Corp.)
Interest Income. Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, all interest earned on the Trust Account may be released (i) to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company Company, and up (ii) to $100,000 for liquidation expensesthe Company, all from time to time, to fund its working capital and general corporate requirements, as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 7 contracts
Samples: Underwriting Agreement (Quinpario Acquisition Corp.), Underwriting Agreement (Quinpario Acquisition Corp.), Underwriting Agreement (Collabrium Japan Acquisition Corp)
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 or dissolution expenses incurred by the Company and up to $100,000 for liquidation expensesfund the Company’s working capital requirements, all as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 6 contracts
Samples: Underwriting Agreement (KBL Merger Corp. Iv), Underwriting Agreement (KBL Merger Corp. Iv), Underwriting Agreement (M III Acquisition Corp.)
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 payable by the Company and up to $100,000 for liquidation dissolution expenses, all as more fully described in the Prospectus (as defined below).
Appears in 6 contracts
Samples: Underwriting Agreement (Spark I Acquisition Corp), Underwriting Agreement (Spark I Acquisition Corp), Underwriting Agreement (Inflection Point Acquisition Corp. II)
Interest Income. Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, all 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 income or any other taxes incurred by the Company and up to $100,000 for liquidation expensesCompany, all as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 6 contracts
Samples: Underwriting Agreement (Electrum Special Acquisition Corp), Underwriting Agreement (Electrum Special Acquisition Corp), Underwriting Agreement (Harmony Merger Corp.)
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 income taxes incurred by the Company and up to $100,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Appears in 6 contracts
Samples: Underwriting Agreement (ChampionsGate Acquisition Corp), Underwriting Agreement (Charlton Aria Acquisition Corp), Underwriting Agreement (Charlton Aria Acquisition Corp)
Interest Income. Prior to the Company’s consummation of a Business Combination Transaction or the Company’s liquidation, interest earned on the Trust Account may be released (i) to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company Company, and up (ii) to $100,000 for liquidation expensesthe Company, all from time to time, to fund its working capital and general corporate requirements, as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 5 contracts
Samples: Underwriting Agreement (Empeiria Acquisition Corp), Underwriting Agreement (Empeiria Acquisition Corp), Underwriting Agreement (Empeiria Acquisition Corp)
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 50,000 for liquidation dissolution expenses, all as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 4 contracts
Samples: Underwriting Agreement (Love & Health LTD), Underwriting Agreement (Love & Health LTD), Underwriting Agreement (Oak Woods Acquisition Corp)
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 $100,000 150,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Appears in 4 contracts
Samples: Underwriting Agreement (Sunfire Acquisition Corp LTD), Underwriting Agreement (Sagaliam Acquisition Corp), Underwriting Agreement (Sagaliam Acquisition Corp)
Interest Income. Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, the 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 obligations of the Company and up to $100,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below)Company.
Appears in 3 contracts
Samples: Underwriting Agreement (YHN Acquisition I LTD), Underwriting Agreement (YHN Acquisition I LTD), Underwriting Agreement (YHN Acquisition I LTD)
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 payable by the Company and up to $100,000 for liquidation and dissolution expenses, all as more fully described in the Prospectus (as defined below).
Appears in 3 contracts
Samples: Underwriting Agreement (M3-Brigade Acquisition v Corp.), Underwriting Agreement (M3-Brigade Acquisition v Corp.), Underwriting Agreement (M3-Brigade Acquisition v Corp.)
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 from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company Company, and up (ii) to $100,000 for liquidation expensesthe Company, all from time to time, to fund its working capital and general corporate requirements, as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 3 contracts
Samples: Underwriting Agreement (BGS Acquisition Corp.), Underwriting Agreement (BGS Acquisition Corp.), Underwriting Agreement (BGS Acquisition Corp.)
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 and dissolution expenses, all as more fully described in the Prospectus (as defined below).
Appears in 3 contracts
Samples: Underwriting Agreement (TG Venture Acquisition Corp.), Underwriting Agreement (TG Venture Acquisition Corp.), Underwriting Agreement (TG Venture Acquisition Corp.)
Interest Income. Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, all interest earned on the Trust Account (after payment of, or reservation for, taxes owed on such interest income) may be released to the Company Company, from the Trust Account in accordance with the terms of the Trust Agreement time to pay any taxes incurred by the Company time, to fund its working capital and up to $100,000 for liquidation expensesgeneral corporate requirements, all as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 3 contracts
Samples: Underwriting Agreement (E-Compass Acquisition Corp.), Underwriting Agreement (Sino Mercury Acquisition Corp.), Underwriting Agreement (E-Compass Acquisition Corp.)
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 $100,000 200,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Appears in 3 contracts
Samples: Underwriting Agreement (Global Consumer Acquisition Corp), Underwriting Agreement (Global Consumer Acquisition Corp), Underwriting Agreement (Global Consumer Acquisition Corp)
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 franchise and income taxes incurred payable by the Company and up to $100,000 for liquidation dissolution expenses, all as more fully described in the Prospectus (as defined below).
Appears in 3 contracts
Samples: Underwriting Agreement (Voyager Acquisition Corp./Cayman Islands), Underwriting Agreement (Voyager Acquisition Corp./Cayman Islands), Underwriting Agreement (Voyager Acquisition Corp./Cayman Islands)
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 dissolution expenses, all as more fully described in the Prospectus (as defined belowin Section 2.1.1).
Appears in 2 contracts
Samples: Underwriting Agreement (AXIOS Sustainable Growth Acquisition Corp), Underwriting Agreement (AXIOS Sustainable Growth Acquisition Corp)
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 payable by the Company and to pay up to $100,000 for liquidation dissolution expenses, all as more fully described in the Prospectus (as defined belowin Section 2.1.1).
Appears in 2 contracts
Samples: Underwriting Agreement (Plum Acquisition Corp, IV), Underwriting Agreement (Plum Acquisition Corp, IV)
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 franchise and income taxes incurred payable (which, for the avoidance of doubt, shall not include any excise taxes) by the Company and up to $100,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Appears in 2 contracts
Samples: Underwriting Agreement (Cohen Circle Acquisition Corp. I), Underwriting Agreement (Cohen Circle Acquisition Corp. I)
Interest Income. Prior to the Company’s consummation of a the initial 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).
Appears in 2 contracts
Samples: Underwriting Agreement (Adara Acquisition Corp.), Underwriting Agreement (Adara Acquisition Corp.)
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 only in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company and up to $100,000 for liquidation dissolution expenses, all as more fully described in the Prospectus (as defined below).
Appears in 2 contracts
Samples: Underwriting Agreement (Zi Toprun Acquisition Corp.), Underwriting Agreement (Zi Toprun Acquisition Corp.)
Interest Income. Prior to the Company’s consummation of a Business Combination Closing 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 payable by the Company and up to $100,000 for liquidation and dissolution expenses, all as more fully described in the Prospectus (as defined below).
Appears in 2 contracts
Samples: Underwriting Agreement (Vine Hill Capital Investment Corp.), Underwriting Agreement (Vine Hill Capital Investment Corp.)
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 prior to the consummation of the Business Combination or $100,000 for liquidation to pay dissolution expenses, all as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 2 contracts
Samples: Underwriting Agreement (Papaya Growth Opportunity Corp. I), Underwriting Agreement (Papaya Growth Opportunity Corp. I)
Interest Income. Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, the 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 obligations of the Company and up to $100,000 50,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 2 contracts
Samples: Underwriting Agreement (Rising Dragon Acquisition Corp.), Underwriting Agreement (Rising Dragon Acquisition Corp.)
Interest Income. Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, interest earned on the funds held in 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 Company, to pay administration expenses with respect to the Trust Account, and up to $100,000 for liquidation dissolution expenses, all as more fully described in the Prospectus (as defined below).
Appears in 2 contracts
Samples: Underwriting Agreement (Legato Merger Corp. III), Underwriting Agreement (Legato Merger Corp. III)
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 Company, to fund working capital up to an annual limit of $1,000,000, and up to $100,000 for liquidation dissolution expenses, all as more fully described in the Prospectus (as defined below).
Appears in 2 contracts
Samples: Underwriting Agreement (Colombier Acquisition Corp. Ii), Underwriting Agreement (Colombier Acquisition Corp. Ii)
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 61,200 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Appears in 2 contracts
Samples: Underwriting Agreement (TMT Acquisition Corp.), Underwriting Agreement (TMT Acquisition Corp.)
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 payable by the Company and up to $100,000 for liquidation dissolution expenses, all as more fully described in the Prospectus (as defined belowin Section 2.1.1).
Appears in 2 contracts
Samples: Underwriting Agreement (Melar Acquisition Corp. I/Cayman), Underwriting Agreement (Melar Acquisition Corp. I/Cayman)
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 tax obligation owed by the Company and up to $100,000 for liquidation expensesas a result of assets of the Company or interest or other income earned on the Trust Account, all as more fully described in the Prospectus (as defined below)and the Trust Agreement.
Appears in 2 contracts
Samples: Underwriting Agreement (KBL Merger Corp. Iv), Underwriting Agreement (KBL Merger Corp. Iv)
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 (i) to pay any taxes incurred payable by the Company and Company, (ii) to pay dissolution expenses (up to $100,000 for liquidation expenses100,000) and (iii) to fund the Company’s working capital requirements, subject to an annual limit of 10% of interest earned on funds held in the Trust Account, all as more fully described in the Prospectus (as defined belowin Section 2.1.1).
Appears in 2 contracts
Samples: Underwriting Agreement (Dynamix Corp), Underwriting Agreement (Dynamix Corp)
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)Prospectus.
Appears in 2 contracts
Samples: Underwriting Agreement (Matlin & Partners Acquisition Corp), Underwriting Agreement (Matlin & Partners Acquisition Corp)
Interest Income. Prior to the Company’s 's consummation of a Business Combination or the Company’s '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).
Appears in 2 contracts
Samples: Underwriting Agreement (Arbor Rapha Capital Bioholdings Corp. I), Underwriting Agreement (Arbor Rapha Capital Bioholdings Corp. I)
Interest Income. Prior to the Company’s consummation of a the 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 50,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below)Prospectus.
Appears in 2 contracts
Samples: Underwriting Agreement (Jupiter Wellness Acquisition Corp.), Underwriting Agreement (Jupiter Wellness Acquisition Corp.)
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 (i) pay any taxes incurred payable by the Company and (ii) up to $100,000 for liquidation dissolution expenses, all as more fully described in the Prospectus (as defined belowin Section 2.1.1). Additionally, all permitted withdrawals can only be made from interest and not from the principal held in the Trust Account.
Appears in 2 contracts
Samples: Underwriting Agreement (Bleichroeder Acquisition Corp. I), Underwriting Agreement (Bleichroeder Acquisition Corp. I)
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 fund the Company’s working capital requirements, including for payment of any income taxes incurred by the Company and up to $100,000 for liquidation to pay dissolution expenses, subject to an annual limit of 10% of interest earned on funds held in the Trust Account, all as more fully described in the Prospectus (as defined below).
Appears in 2 contracts
Samples: Underwriting Agreement (Black Spade Acquisition II Co), Underwriting Agreement (Black Spade Acquisition II Co)
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 payable by the Company (excluding U.S. federal excise tax) and up to $100,000 for liquidation dissolution expenses, all as more fully described in the Prospectus (as defined below).
Appears in 2 contracts
Samples: Underwriting Agreement (Chenghe Acquisition II Co.), Underwriting Agreement (Chenghe Acquisition II Co.)
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 for working capital purposes (not to exceed $1,000,000 annually) and to pay any taxes incurred by the Company Company, and up to $100,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Appears in 1 contract
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 incurred by the Company and up to $100,000 for liquidation expensesCompany, all as more fully described in the Prospectus (as defined below).
Appears in 1 contract
Samples: Underwriting Agreement (Global Robotic Drone Acquisition Corp.)
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 60,900 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Appears in 1 contract
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 for working capital purposes (not to exceed $500,000 annually), and up to $100,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
Appears in 1 contract
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 liquidation expenses (up to $100,000 for liquidation expenses100,000), all as more fully described in the Prospectus (as defined below).
Appears in 1 contract
Samples: Underwriting Agreement (Technology & Telecommunication Acquisition Corp)
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, following the Offering, to pay winding up and dissolution expenses up to $100,000 for liquidation expensesin the event the Company fails to consummate a Business Combination within the required time period set forth in its Amended and Restated Memorandum and Articles of Association, all as more fully described in the Prospectus (as defined below).
Appears in 1 contract
Samples: Underwriting Agreement (Enterprise 4.0 Technology Acquisition Corp)
Interest Income. Prior to the Company’s consummation of a Business Combination business combination or the Company’s liquidation, interest earned on the Trust Account may be released (i) 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 Company, (ii) to $100,000 for liquidation expensesredeeming shareholders voting against the extended period, all as more fully described in the Prospectus prospectus, and (as defined below)iii) to the Company, from time to time, to fund its working capital and general corporate requirements in an amount not to exceed $1,350,000.
Appears in 1 contract
Samples: Underwriting Agreement (Hambrecht Asia Acquisition Corp.)
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 only in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company and up to $100,000 for liquidation dissolution expenses, all as more fully described in the Prospectus (as defined below).. {N0384947 2 }
Appears in 1 contract
Samples: Underwriting Agreement (Zi Toprun Acquisition Corp.)
Interest Income. Prior to the Company’s 's consummation of a Business Combination or the Company’s '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 $100,000 125,000 for liquidation expensesworking capital annually, all as more fully described in the Prospectus (as defined below).
Appears in 1 contract
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 60,600 for liquidation expenses, all as more fully described in the Prospectus (as defined below).
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Interest Income. Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, the 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 obligations of the Company and up 10% of the interest earned on the Trust Account will be released to $100,000 the Company from the Trust Account in accordance with the terms of the Trust Agreement for liquidation expenses, all use as more fully described in working capital of the Prospectus (as defined below)Company.
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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 $100,000 125,000 for liquidation expensesworking capital annually, all as more fully described in the Prospectus (as defined below).
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Interest Income. Prior to the Company’s 's consummation of a Business Combination or the Company’s '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 expensesCompany, all as more fully described in the Prospectus (as defined below).
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Interest Income. Prior to the Company’s consummation of a the initial 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 10,000 for liquidation expenses, all as more fully described in the Prospectus (as defined belowHaw).
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Samples: Underwriting Agreement (Industrial Human Capital, Inc.)
