Common use of Stockholder Redemption Withdrawal Instruction Clause in Contracts

Stockholder Redemption Withdrawal Instruction. Gentlemen: Pursuant to Section 1(k) of the Investment Management Trust Agreement between TPG Pace Energy Holdings Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of , 2017 (the “Trust Agreement”), the Company hereby requests that you deliver to the redeeming Public Stockholders of the Company $ of the principal and interest income earned on the Property as of the date hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. The Company needs such funds to pay its Public Stockholders who have properly elected to have their shares of Common Stock redeemed by the Company in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of its public shares of Common Stock if the Company has not consummated an initial Business Combination within such time as is described in the Company’s amended and restated certificate of incorporation. As such, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the redeeming Public Stockholders in accordance with your customary procedures. Very truly yours, TPG Pace Energy Holdings Corp. By: Name: Title:

Appears in 3 contracts

Samples: Investment Management Trust Agreement (TPG Pace Energy Holdings Corp.), Investment Management Trust Agreement (TPG Pace Energy Holdings Corp.), Investment Management Trust Agreement (TPG Pace Energy Holdings Corp.)

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Stockholder Redemption Withdrawal Instruction. Gentlemen: Pursuant to Section 1(k) of the Investment Management Trust Agreement between TPG Pace Energy Holdings Corp. Far Point Acquisition Corporation (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of , 2017 2018 (the “Trust Agreement”), the Company hereby requests that you deliver to the redeeming Public Stockholders of the Company $ of the principal and interest income earned on the Property as of the date hereofhereof into a segregated account held by you on behalf of the Beneficiaries. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. The Company needs such funds to pay its Public Stockholders who have properly elected to have their shares of Common Stock redeemed by the Company in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of its public shares of Common Stock if the Company has not consummated an initial Business Combination within such time as is described in the Company’s amended and restated certificate of incorporation. As such, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to into a segregated account held by you on behalf of the redeeming Public Stockholders in accordance with your customary proceduresBeneficiaries. Very truly yours, TPG Pace Energy Holdings Corp. Far Point Acquisition Corporation By: Name: Title:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Far Point Acquisition Corp)

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