Common use of Limited Distributions of Income from Trust Account Clause in Contracts

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 41 contracts

Samples: Investment Management Trust Agreement (Tavia Acquisition Corp.), Investment Management Trust Agreement (Tavia Acquisition Corp.), Investment Management Trust Agreement (Tavia Acquisition Corp.)

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Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the CompanyCompany or liquidation expenses not to exceed $50,000. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 13 contracts

Samples: Investment Management Trust Agreement (Mars Acquisition Corp.), Investment Management Trust Agreement (Mars Acquisition Corp.), Investment Management Trust Agreement (Lakeshore Acquisition II Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the CompanyCompany or liquidation expenses not to exceed $100,000. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 12 contracts

Samples: Investment Management Trust Agreement (Keyarch Acquisition Corp), Investment Management Trust Agreement (Gesher I Acquisition Corp.), Investment Management Trust Agreement (Springwater Special Situations Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit DE, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company (i) to cover any income or other tax obligation owed by the Company, which the Company shall forward such payment to the relevant taxing authority, and/or (ii) for working capital purposes. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 7 contracts

Samples: Investment Management Trust Agreement (Northern Star Investment Corp. III), Investment Management Trust Agreement (Northern Star Investment Corp. IV), Investment Management Trust Agreement (Northern Star Investment Corp. IV)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i) or Section 1(j) hereof.

Appears in 5 contracts

Samples: Investment Management Trust Agreement (HNR Acquisition Corp.), Investment Management Trust Agreement (HNR Acquisition Corp.), Investment Management Trust Agreement (HNR Acquisition Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the CompanyCompany as a result of such interest income. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 4 contracts

Samples: Investment Management Trust Agreement (EdtechX Holdings Acquisition Corp.), Investment Management Trust Agreement (EdtechX Holdings Acquisition Corp.), Investment Management Trust Agreement (Opes Acquisition Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit DE, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the CompanyCompany or liquidation expenses not to exceed $100,000. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Alpine Acquisition Corp.), Investment Management Trust Agreement (Alpine Acquisition Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above), no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i) or Section 1(j) hereof.

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Adit EdTech Acquisition Corp.), Investment Management Trust Agreement (Adit EdTech Acquisition Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit DE, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the CompanyCompany or liquidation expenses not to exceed $50,000. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Vickers Vantage Corp. I), Investment Management Trust Agreement (Vickers Vantage Corp. I)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit DC, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation obligations owed by the Company. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i) or 1(j) hereof.

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Bison Capital Acquisition Corp.), Investment Management Trust Agreement (Bison Capital Acquisition Corp)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit DC, the Trustee shall distribute to the Company the amount of from interest income earned on the Trust Account the amount requested by the Company to cover any income or other tax obligation owed by the Company.; (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(jand (j) hereof.

Appears in 1 contract

Samples: Investment Management Trust Agreement (Consumer Partners Acquisition Corp.)

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Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the CompanyCompany for any amount or liquidation expenses not to exceed $50,000. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 1 contract

Samples: Investment Management Trust Agreement (Agrico Acquisition Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit DE, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company, which the Company shall forward such payment to the relevant taxing authority. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 1 contract

Samples: Investment Management Trust Agreement (Northern Star Acquisition Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 1 contract

Samples: Investment Management Trust Agreement (LGL Systems Acquisition Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the CompanyCompany or up to $50,000 for liquidation expenses. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 1 contract

Samples: Investment Management Trust Agreement (LGL Systems Acquisition Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i), 1(j) or 1(j1(k) hereof.

Appears in 1 contract

Samples: Investment Management Trust Agreement (Range Capital Acquisition Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the CompanyCompany or liquidation expenses not to exceed $50,000. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

Appears in 1 contract

Samples: Investment Management Trust Agreement (Mars Acquisition Corp.)

Limited Distributions of Income from Trust Account. (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the CompanyCompany or liquidation expenses not to exceed $100,000. (b) The limited distributions referred to in Section 2(a) ). above shall be made only from income collected on the Property. Except as provided in Section 2(a) ). above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(il(i) or 1(jl(j) hereof.

Appears in 1 contract

Samples: Investment Management Trust Agreement (Algoma Steel Group Inc.)

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