Common use of No Right of Set-Off Clause in Contracts

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

Appears in 80 contracts

Samples: Investment Management Trust Agreement (COMMITTED CAPITAL ACQUISITION Corp II), Investment Management Trust Agreement (COMMITTED CAPITAL ACQUISITION Corp II), Investment Management Trust Agreement (Chart Acquisition Corp.)

AutoNDA by SimpleDocs

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b2(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

Appears in 27 contracts

Samples: Investment Management Trust Agreement (CIS Acquisition Ltd.), Investment Management Trust Agreement (CIS Acquisition Ltd.), Investment Management Trust Agreement (RNK Global Development Acquisition Corp.)

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

Appears in 23 contracts

Samples: Investment Management Trust Agreement (Nagao Group Holdings LTD), Investment Management Trust Agreement (Arcade Acquisition Corp.), Investment Management Trust Agreement (Stone Tan China Acquisition Corp.)

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b), the Trustee will pursue such claim solely against the Company and not against the Property property held in the Trust Account.

Appears in 10 contracts

Samples: Investment Management Trust Agreement (Vantage Energy Services, Inc.), Investment Management Trust Agreement (Sports Properties Acquisition Corp.), Investment Management Trust Agreement (Global BPO Services Corp)

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section paragraph 3(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

Appears in 5 contracts

Samples: Investment Management Trust Agreement (57th Street General Acquisition Corp), Investment Management Trust Agreement (57th Street General Acquisition Corp), Investment Management Trust Agreement (57th Street General Acquisition Corp)

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section paragraph 3(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

Appears in 4 contracts

Samples: Investment Management Trust Agreement (InterAmerican Acquisition Group Inc), Investment Management Trust Agreement (InterAmerican Acquisition Group Inc), Investment Management Trust Agreement (InterAmerican Acquisition Group Inc)

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may any have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b), the Trustee will pursue such claim solely against the Company and not against the Property property held in the Trust Account.

Appears in 3 contracts

Samples: Investment Management Trust Agreement (Doubloon Corp.), Investment Management Trust Agreement (Doubloon Corp.), Investment Management Trust Agreement (Beverage Acquisition CORP)

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(bparagraph 2(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

Appears in 2 contracts

Samples: Investment Management Trust Agreement (InterAmerican Acquisition Group Inc), Investment Management Trust Agreement (InterAmerican Acquisition Group Inc)

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b4(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Corporate Acquirers, Inc.), Investment Management Trust Agreement (K Road Acquisition CORP)

AutoNDA by SimpleDocs

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Apex Bioventures Acquisition Corp), Investment Management Trust Agreement (Apex Bioventures Acquisition Corp)

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, including without limitation, under Section 3(b4(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Brand & Services Acquisition Corp.), Investment Management Trust Agreement (Inter-Atlantic Financial, Inc.)

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, including without limitation, under Section 3(b4(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account. 7.

Appears in 1 contract

Samples: Investment Management Trust Agreement

No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(bparagraph 4(c), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

Appears in 1 contract

Samples: Investment Management Trust Agreement (China Fundamental Acquisition Corp)

No Right of Set-Off. The Trustee waives any has no right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future. In the event the Trustee has a claim any Claim against the Company under this Agreement, including, without limitation, under Section 3(b)) hereof, the Trustee will shall pursue such claim Claim solely against the Company and its assets outside the Trust Account and not against the Property held or any monies in the Trust Account.

Appears in 1 contract

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

Time is Money Join Law Insider Premium to draft better contracts faster.