Common use of Interest Income Clause in Contracts

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.

Appears in 5 contracts

Samples: Underwriting Agreement (Empeiria Acquisition Corp), Underwriting Agreement (Empeiria Acquisition Corp), Underwriting Agreement (Empeiria Acquisition Corp)

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Interest Income. Prior to the Company’s consummation of a Business Transaction Combination 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.

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 Transaction 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 (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.

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 Transaction Combination or the Company’s liquidation, all interest earned on the Trust Account may be released (i) to the Company to pay working capital expenses or any other 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.

Appears in 1 contract

Samples: Underwriting Agreement (PMV Acquisition Corp.)

Interest Income. Prior to the Company’s consummation of a Business Transaction business combination 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, (ii) to redeeming shareholders voting against the Extended Period (as defined in Section 7.6.2), as more fully described in the Prospectus, and (iiiii) to the Company, from time to time, to fund its working capital and general corporate requirements, as more fully described in the Prospectus.

Appears in 1 contract

Samples: Underwriting Agreement (Chardan 2008 China Acquisition Corp.)

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Interest Income. Prior to the Company’s consummation of a Business Transaction business combination 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, (ii) to redeeming shareholders voting against the extended period, as more fully described in the prospectus, and (iiiii) to the Company, from time to time, to fund its working capital and general corporate requirements, as more fully described requirements in the Prospectusan amount not to exceed $1,389,135.

Appears in 1 contract

Samples: Underwriting Agreement (Hambrecht Asia Acquisition Corp.)

Interest Income. Prior to the Company’s consummation of a Business Transaction business combination 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, (ii) to redeeming shareholders voting against the extended period, as more fully described in the prospectus, and (iiiii) to the Company, from time to time, to fund its working capital and general corporate requirements, as more fully described requirements in the Prospectusan 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 Transaction business combination 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.

Appears in 1 contract

Samples: Underwriting Agreement (GSME Acquisition Partners I)

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