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 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. (c) The Company shall provide the Representative 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.

Appears in 5 contracts

Samples: Investment Management Trust Agreement (EdtechX Holdings Acquisition Corp. II), Investment Management Trust Agreement (PMV Consumer Acquisition Corp.), Investment Management Trust Agreement (PMV Consumer 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 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. (cd) The Company shall provide the Representative Representatives 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.

Appears in 4 contracts

Samples: Investment Management Trust Agreement (Pivotal Investment Corp III), Investment Management Trust Agreement (Pivotal Investment Corp III), Investment Management Trust Agreement (Pivotal Investment Corp II)

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. (cd) The Company shall provide the Representative 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.

Appears in 3 contracts

Samples: Investment Management Trust Agreement (Innoviz Technologies Ltd.), Investment Management Trust Agreement (Pivotal Acquisition Corp), Investment Management Trust Agreement (Pivotal 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 and 1(j) hereof. (c) The Company shall provide the Representative Cantor Xxxxxxxxxx with a copy of any Termination Letter, Amendment Notification Letter, 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.

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Harmony Merger Corp.), Investment Management Trust Agreement (Harmony Merger 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 interest income earned on the Trust Account Property and requested by the Company to cover any income 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 and 1(j) hereof. (c) The In all cases, the Company shall provide the Representative with a copy of any Termination Letter, Amendment Notification Letter, 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.

Appears in 2 contracts

Samples: Investment Management Trust Agreement (KLR Energy Acquisition Corp.), Investment Management Trust Agreement (KLR Energy 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 interest income earned on the Trust Account Property and 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 and 1(j) hereof. (c) The In all cases, the Company shall provide the Representative with a copy of any Termination Letter, Amendment Notification Letter, 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.

Appears in 1 contract

Samples: Investment Management Trust Agreement (KLR Energy 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 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 and 1(j) hereof. (c) The Company shall provide the Representative Cantor Xxxxxxxxxx with a copy of any Termination Letter, Amendment Notification Letter, 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.

Appears in 1 contract

Samples: Investment Management Trust Agreement (Allegro Merger 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.; (b) The limited distributions referred to in Section Sections 2(a) above shall be made only from income collected on the Property. Except as provided in Section Sections 2(a) above), no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i) or 1(j) hereof.; and (c) The Company shall provide the Representative 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.

Appears in 1 contract

Samples: Investment Management Trust Agreement (Greenrose 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 interest income earned on the Trust Account requested by the Company to cover any tax obligation owed by the Company. (b) [Intentionally Omitted]. (c) 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. (cd) The Company shall provide the Representative Cowen with a copy of any Termination Letter, Amendment Notification Letter, 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.

Appears in 1 contract

Samples: Investment Management Trust Agreement (Constellation Alpha Capital Corp.)

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