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 C, the Trustee shall pay to the Company by wire transfer the amount required to pay such taxes; provided, however, that in no event shall the aggregate amount of all payments made to the Company for the payment of taxes pursuant to this Section 2(a) exceed the income in respect of which such taxes are due and owing;
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Samples: Investment Management Trust Agreement (Korea Milestone Acquisition CORP), Investment Management Trust Agreement (Korea Milestone 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 C, the Trustee shall pay deliver to the Company by wire transfer for submission to the appropriate taxing authority a check made payable to the order of such taxing authority in the amount required to pay such taxes; provided, however, that in no event shall the aggregate amount of all payments made checks issued to the Company for the payment of taxes taxing authorities pursuant to this Section 2(a) exceed the income in respect of which such taxes are due and owing;
Appears in 1 contract
Samples: Investment Management Trust Agreement (Navios Maritime 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 C, the Trustee shall pay to the Company by wire transfer the amount required to pay such taxes; provided, however, that in no event shall the aggregate amount of all payments made checks issued to the Company for the payment of taxes taxing authorities pursuant to this Section 2(a) exceed the income in respect of which such taxes are due and owing;
Appears in 1 contract
Samples: Investment Management Trust Agreement (Korea Milestone Acquisition CORP)