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) Upon written request from the Company following the Last Date, which may be given in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officer, the Trustee shall distribute to the Company up to $150,000 of interest income earned on the Property and requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e., only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation); provided, however, that the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax obligations on such interest income or otherwise then due at that time. (c) The limited distributions referred to in Section 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

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 owed by the Company. (b) Upon written request from the Company following the Last Date, which may be given in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officerone of the Company’s executive officers, the Trustee shall distribute to the Company up to Fifty Thousand Dollars ($150,000 50,000) of interest income earned on the Property and requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e., only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation); provided, however, that the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax obligations on such interest income or otherwise then due at that time. (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i) or 1(j) hereof. (d) The Company shall provide I-Bankers with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

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) Upon written request from the Company following the Last DateCompany, which may be given in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officer, the Trustee shall distribute to the Company up to $150,000 the amount of interest income earned on the Property and requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e., only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation)working capital requirements; provided, however, that the aggregate amount of all such distributions in any twelve-month period shall not exceed $125,000 and the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax obligations on such interest income or otherwise then due at that time. (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

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 owed by the Company. (b) Upon written request from the Company following the Last Date, which may be given in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officerone of the Company’s executive officers, the Trustee shall distribute to the Company up to $150,000 50,000 of interest income earned on the Property and requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e., only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation); provided, however, that the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax obligations on such interest income or otherwise then due at that time. (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i) or 1(j) hereof. (d) The Company shall provide Cantor with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

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, signed on behalf of the Company by a duly authorized executive officer of the Company, 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 of the Company.’s tax obligations; (b) Upon written request from the Company following the Last DateCompany, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officera duly authorized executive officer of the Company, the Trustee shall distribute to the Company up to $150,000 of interest income earned on the Property and amount requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e.administrative expenses, only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation)investigating and selecting a target business and other working capital requirements; provided, however, that the aggregate amount of all such distributions pursuant to this subsection shall not exceed $1,050,000 and the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are is sufficient funds available to pay the Company’s tax obligations that are or will be due on such interest income at an assumed rate of 40% or otherwise then due at that time.; and (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i), 1(j) or 1(jand 1(k) hereof.

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 owed by the Company. (b) Upon written request from the Company following the Last Date, which may be given in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officerone of the Company’s executive officers, the Trustee shall distribute to the Company up to $150,000 50,000 of interest income earned on the Property and requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e., only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation); provided, however, that the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax obligations on such interest income or otherwise then due at that time. (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i) or 1(j) hereof. (d) The Company shall provide Chardan with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

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) Upon written request from the Company following the Last Date, which may be given in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officertwo authorized officers, the Trustee shall distribute to the Company up to $150,000 50,000 of interest income earned on the Property and requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e., only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation); provided, however, that the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax obligations on such interest income or otherwise then due at that time. (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof. (d) The Company shall provide EarlyBirdCapital with a copy of any Termination Letter, Amendment Notification Letter, and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

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, signed on behalf of the Company by a duly authorized executive officer of the Company, 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 of the Company.’s tax obligations; (b) Upon written request from the Company following the Last DateCompany, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officera duly authorized executive officer of the Company, the Trustee shall distribute to the Company up to $150,000 of interest income earned on the Property and amount requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e.administrative expenses, only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation)investigating and selecting a target business and other working capital requirements; provided, however, that the aggregate amount of all such distributions pursuant to this subsection shall not exceed $1,500,000 and the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are is sufficient funds available to pay the Company’s tax obligations that are or will be due on such interest income at an assumed rate of 40% or otherwise then due at that time.; and (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i), 1(j) or 1(jand 1(k) hereof.

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) Upon written request from the Company following the Last DateCompany, which may be given in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officer, the Trustee shall distribute to the Company up to $150,000 the amount of interest income earned on the Property and requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e., only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation)working capital requirements; provided, however, that the aggregate amount of all such distributions in any twelve-month period shall not exceed $125,000 and the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax obligations on such interest income or otherwise then due at that time. Notwithstanding the foregoing, in no event shall there be a reduction in the principal amount initially deposited in the Trust Account. (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.

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 owed by the Company. (b) Upon written request from the Company following the Last Date, which may be given in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officerone of the Company’s executive officers, the Trustee shall distribute to the Company up to $150,000 50,000 of interest income earned on the Property and requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e., only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation); provided, however, that the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax obligations on such interest income or otherwise then due at that time. (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i) or 1(j) hereof. (d) The Company shall provide Maxim with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

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, signed on behalf of the Company by a duly authorized executive officer of the Company, 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 of the Company.’s tax obligations; (b) Upon written request from the Company following the Last DateCompany, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officera duly authorized executive officer of the Company, the Trustee shall distribute to the Company up to $150,000 of interest income earned on the Property and amount requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e.administrative expenses, only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation)investigating and selecting a target business and other working capital requirements; provided, however, that the aggregate amount of all such distributions pursuant to this subsection shall not exceed $480,000 and the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are is sufficient funds available to pay the Company’s tax obligations that are or will be due on such interest income at an assumed rate of 40% or otherwise then due at that time.; and (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i), 1(j) or 1(jand 1(k) hereof.

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 Property and requested by the Company to cover any income or other franchise tax obligation owed by the Company.; (b) Upon written request from the Company following the Last Date, which may be given in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officertwo of the Company’s executive officers, the Trustee shall distribute to the Company up to $150,000 100,000 of interest income earned on the Property and requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e., only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation); provided, however, that the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax obligations on such interest income or otherwise then due at that time.; and (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i) or and 1(j) hereof. (d) In all cases, the Company shall provide the Representative with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account at the same time as such issuance.

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 owed by the Company. (b) Upon written request from the Company following the Last Date, which may be given in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officertwo of the Company’s executive officers, the Trustee shall distribute to the Company up to $150,000 50,000 of interest income earned on the Property and requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e., only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation); provided, however, that the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax obligations on such interest income or otherwise then due at that time. (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections Section 1(i) or 1(j) hereof. (d) The Company shall provide Cowen with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

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) Upon written request from the Company following the Last DateCompany, which may be given in a form substantially similar to that attached hereto as Exhibit D, signed on behalf of the Company by an Authorized Officer, the Trustee shall distribute to the Company up to $150,000 the amount of interest income earned on the Property and requested by the Company to cover expenses directly related to the Company’s dissolution or liquidation (i.e., only those expenses incurred after the Last Date attributable to the Company’s dissolution or liquidation)working capital requirements; provided, however, that the aggregate amount of all such distributions in any twelve-month period shall not exceed $***________ and the Company will not be allowed to withdraw interest income earned on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax obligations on such interest income or otherwise then due at that time.; and (c) The limited distributions referred to in Section Sections 2(a) and 2(b) above shall be made only from interest income collected on the Property. Except as provided in Section Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.