Common use of Termination Letter Clause in Contracts

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:

Appears in 4 contracts

Samples: Investment Management Trust Agreement (China Resources Development Inc.), Investment Management Trust Agreement (China Resources Development Inc.), Investment Management Trust Agreement (China Resources Development Inc.)

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Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Boulevard Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________[ ], 2011 2014 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and Citigroup Global Markets Inc. with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Boulevard Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx X. Xxxxxx or Xxxxx Di Paolo

Appears in 3 contracts

Samples: Investment Management Trust Agreement (Boulevard Acquisition Corp.), Investment Management Trust Agreement (Boulevard Acquisition Corp.), Investment Management Trust Agreement (Boulevard Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Pacific Monument Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of __________ __, 2011 2012 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) been unable to consummate effect a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”)with a Target Company within the time frame specified in the Company’s Amended and Restated Certificate of Incorporation, as described in the Company’s prospectus relating to its IPO. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all the Trust Account investments on ______________ and to transfer the total proceeds to the above-referenced account Trust Checking Account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of _______________ to await distribution to the stockholders. The Company has selected ____, which verifies ________ 20 __ as the vote record date for the purpose of determining the stockholders entitled to receive their share of the liquidation proceeds. It is acknowledged that no interest will be earned by the Company on the liquidation proceeds while on deposit in the Trust Checking Account. You agree to be the Paying Agent of record and in your separate capacity as Paying Agent, to distribute said funds directly to the Company’s 's stockholders in connection with the Business Combination if a vote is held and (b) written instructions other than with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, initial shares) in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same Agreement and the Company shall direct you as to whether such funds should remain in the Trust Account Amended and distributed after the Consummation Date to Restated Certificate of Incorporation of the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation DateVery truly yours, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. PACIFIC MONUMENT ACQUISITION CORPORATION By: Xxxxx XxxJxxxxxxx X. Xxxxxxxx, Chairman of the Board Chief Executive Officer By: Xxxxxxx XxDxxxxxx X. Xxxxx, Secretary cc: Lazard Capital Markets Mxxxxx Xxxxxx TriArtisan LLC Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Sxxxxx Xxxxxx and Fxxxx XxXxxxx Re: Trust Account No. __________ Gentlemen: Pursuant to Section 2(a) of the Investment Management Trust Agreement between Pacific Monument Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of __________ __, 2012 (“Trust Agreement”), the Company hereby requests that you deliver to the Company $_______ of the interest income earned on the Property as of the date hereof. The Company needs such funds to pay for its tax obligations. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at: [WIRE INSTRUCTION INFORMATION] Very truly yours, PACIFIC MONUMENT ACQUISITION CORPORATION By: Jxxxxxxx X. Xxxxxxxx, Chief Executive Officer By: Dxxxxxx X. Xxxxx, Secretary cc: Mxxxxx Xxxxxx TriArtisan LLC Continental Stock Transfer & Trust Company 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Sxxxxx Xxxxxx and Fxxxx XxXxxxx Re: Trust Account No. ___________ Gentlemen: Pursuant to Section 2(b) of the Investment Management Trust Agreement between Pacific Monument Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of __________ __, 2012 (“Trust Agreement”), the Company hereby requests that you deliver to the Company $_______ of the interest income earned on the Property as of the date hereof. The Company needs such funds to cover its expenses relating to investigating and selecting a target business and other working capital requirements. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at: [WIRE INSTRUCTION INFORMATION] Very truly yours, PACIFIC MONUMENT ACQUISITION CORPORATION By: Jxxxxxxx X. Xxxxxxxx, Chief Executive Officer By: Dxxxxxx X. Xxxxx, Secretary cc: Mxxxxx Xxxxxx TriArtisan LLC Continental Stock Transfer & Trust Company 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Sxxxxx Xxxxxx and Fxxxx XxXxxxx Re: Trust Account No. __________ Gentlemen: Pursuant to Section 2(c) of the Investment Management Trust Agreement between Pacific Monument Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of __________ __, 2012 (“Trust Agreement”), pursuant to the instructions attached hereto as Schedule A, you are instructed to distribute funds held in the Trust Account to those parties listed on Schedule A, in consideration of the Company’s purchases of shares of Common Stock at a price of $___ per share, including commissions (the “Purchase Price”). The Purchase Price is equal to or below the Maximum Price (as defined in the Trust Agreement). The shares of Common Stock, together with any shares previously purchased by the Company pursuant to paragraph 2(c) of the Trust Agreement, do not exceed the Maximum Amount (as defined in the Trust Agreement). Very truly yours, PACIFIC MONUMENT ACQUISITION CORPORATION By: Jxxxxxxx X. Xxxxxxxx, Chief Executive Officer By:

Appears in 3 contracts

Samples: Investment Management Trust Agreement (Pacific Monument Acquisition Corp), Investment Management Trust Agreement (Pacific Monument Acquisition Corp), Investment Management Trust Agreement (Pacific Monument Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. LF Capital Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2018 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX J.X. Xxxxxx Chase Bank Cxxxx Bank, N.A. to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at J.X. Xxxxxx Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions signed by the Company, B.Xxxxx FBR, Inc. and Rxxxxxx Jxxxx & Associates, Inc. with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, LF Capital Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 3 contracts

Samples: Investment Management Trust Agreement (LF Capital Acquisition Corp.), Investment Management Trust Agreement (LF Capital Acquisition Corp.), Investment Management Trust Agreement (LF Capital Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Gores Holdings III, Inc. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________[·], 2011 2018 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Xxxxx Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and Deutsche Bank Securities Inc. with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Gores Holdings III, Inc. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets LLC Deutsche Bank Securities Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx X. Xxxxxx or Xxxxxxx Xxxxxx

Appears in 3 contracts

Samples: Investment Management Trust Agreement (Gores Holdings III, Inc.), Investment Management Trust Agreement (Gores Holdings III, Inc.), Investment Management Trust Agreement (Gores Holdings III, Inc.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. North Asia Investment Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2008 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated (“Counsel’s Letter”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Counsel’s Letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. Very truly yours, NORTH ASIA INVESTMENT CORPORATION By: Xxxxx XxxXxxxxxxx Xxxxxxxx, Chairman of the Board By: Xxxxxxx XxXxxx Xxx, Secretary cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx

Appears in 3 contracts

Samples: Investment Management Trust Agreement (North Asia Investment CORP), Investment Management Trust Agreement (North Asia Investment CORP), Investment Management Trust Agreement (North Asia Investment CORP)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. CF Corporation (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 _ (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) been unable to consummate effect a business combination with a Target Business (the “Business Combination”) on or about [insert date]within the time frame specified in the Company’s Amended and Restated Memorandum and Articles of Association, as described in the Company’s Prospectus relating to the Offering. The Company Capitalized terms used but not defined herein shall notify you at least 48 hours have the meanings set forth in advance of the actual date of the consummation of the Business Combination (“Consummation Date”)Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held the assets in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies 20___ and to transfer the vote total proceeds into the trust checking account in the United States at JX Xxxxxx Chase Bank, N.A. to await distribution to the Public Shareholders. The Company has selected __________ as the record date for the purpose of determining the Public Shareholders entitled to receive their share of the liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute said funds directly to the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, Public Shareholders in accordance with the terms of the Instruction Letter. In Trust Agreement and the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company Amended and Restated Memorandum and Articles of Association of the same Company. It is acknowledged and agreed that the Company shall direct you as to whether such aforementioned trust checking account is a non-interest bearing account and that while the funds should remain are on deposit in the Trust Account and distributed after the Consummation Date to the Companysaid trust checking account awaiting distribution, no interest will be earned. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In , except to the event that the Business Combination is not consummated on the Consummation Date described extent otherwise provided in the notice thereof and we have not notified you on or before the original Consummation Date Section 1(j) of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticeAgreement. CHINA REOURCES DEVELOPMENT INC. Very truly yours, CF Corporation By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 3 contracts

Samples: Investment Management Trust Agreement (CF Corp), Investment Management Trust Agreement (CF Corp), Investment Management Trust Agreement (CF Corp)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Chardan NexTech Acquisition 2 Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________[●], 2011 2021 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ [●] (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ [●] and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank [•] to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust operating account at Mxxxxx Sxxxxxx awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________[●], which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and Chardan Capital Markets LLC with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, CHARDAN NEXTECH ACQUISITION 2 CORP. By: Xxxxx XxxJxxxx Xxxxxxxx, Chairman of the Board By: Xxxxxxx Xx, Chief Executive Officer and Secretary cc: Lazard Chardan Capital Markets Markets, LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx 1 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx X.X. 00000 Attn:: Fxxxxxx Xxxx and Cxxxxxx Xxxxxxxx

Appears in 3 contracts

Samples: Investment Management Trust Agreement (Chardan NexTech Acquisition 2 Corp.), Investment Management Trust Agreement (Chardan NexTech Acquisition 2 Corp.), Investment Management Trust Agreement (Chardan NexTech Acquisition 2 Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between New Asia Partners China Resources Development Inc. I Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of ____________, 2011 2008 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (“Counsel’s Letter”) (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account other than the Deferred Discount (“Instruction Letter”)) and (iii) Ladenburg and Xxxxxx Xxxxxx shall deliver to you written instructions for delivery of the Deferred Discount. You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Counsel’s Letter and the Instruction Letter, (a) to Ladenburg and Xxxxxx Xxxxxx in an amount equal to the Deferred Discount as so directed by them, and (b) the remainder in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon the Trustee’s receipt by the Trustee of a written instructions request from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the original Consummation Date as set forth in the notice. Very truly yours, NEW ASIA PARTNERS CHINA REOURCES DEVELOPMENT INC. I CORPORATION By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 3 contracts

Samples: Investment Management Trust Agreement (New Asia Partners China I Corp), Investment Management Trust Agreement (New Asia Partners China I Corp), Investment Management Trust Agreement (New Asia Partners China I Corp)

Termination Letter. Gentlemen: Pursuant to paragraph 1(iSection (i) of the Investment Management Trust Agreement between China Resources Development Inc. Pacific Monument Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of __________ __, 2011 2012 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank _________________ to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and that the provisions of Section 11-51-302(6) and Rule 51-3.4 of the Colorado Statute have been met and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) joint written instructions from it and MJTA with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. Very truly yours, PACIFIC MONUMENT ACQUISITION CORPORATION By: Xxxxx XxxJxxxxxxx X. Xxxxxxxx, Chairman of the Board Chief Executive Officer By: Xxxxxxx XxDxxxxxx X. Xxxxx, Secretary cc: Lazard Capital Markets Mxxxxx Xxxxxx TriArtisan LLC Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx Xxxxxx and Fxxxx XxXxxxx

Appears in 3 contracts

Samples: Investment Management Trust Agreement (Pacific Monument Acquisition Corp), Investment Management Trust Agreement (Pacific Monument Acquisition Corp), Investment Management Trust Agreement (Pacific Monument Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Aldabra 2 Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2007 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated (“Counsel’s Letter”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Counsel’s Letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the original Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, ALDABRA 2 ACQUISITION CORP. By: Xxxxx XxxNxxxxx Xxxxxx, Chairman of the Board By: Xxxxxxx XxJxxxx Xxxxx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx Xxxxxx

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Aldabra 2 Acquisition Corp.), Investment Management Trust Agreement (Aldabra 2 Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Trio Merger Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCTRIO MERGER CORP. By: Xxxxx XxxXxxx X. Xxxxxxxxx, Chairman of the Board By: Xxxxxxx XxXxxxx X. Xxxx, Secretary cc: Lazard Capital Markets LLC EarlyBirdCapital, Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Trio Merger Corp.), Investment Management Trust Agreement (Trio Merger Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Experience Investment Corp. (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _________, 2011 2019 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [insert name] (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (or such shorter time period as you may agree) (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Deutsche Bank Trust Company Americas, an affiliate of Deutsche Bank Securities Inc., awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Experience Investment Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Experience Investment Corp.), Investment Management Trust Agreement (Experience Investment Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Andina Acquisition Corp. II (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _______________, 2011 2015 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with [__________________ _] (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on [__________ _] and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank [ ] to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of [__________________], which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and EarlyBirdCapital, Inc. with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT Very truly yours, ANDINA ACQUISITION CORP. II By: Xxxxx X. Xxxxxx, Chief Executive Officer By: Xxxxxxxx Xxxxxxxx, Chief Financial Officer AGREED TO AND ACKNOWLEDGED BY EARLYBIRDCAPITAL, INC. By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx and Xxxxx XxXxxxx

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Andina Acquisition Corp. II), Investment Management Trust Agreement (Andina Acquisition Corp. II)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. I-AM Capital Acquisition Company (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of ___________, 2011 2017 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust segregated account held by you on behalf of the Beneficiaries awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] certificate of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and Maxim Group LLC with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to public stockholders who have properly exercised their redemption rights and payment of the Deferred Discount to Maxim Group LLC from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, I-AM Capital Acquisition Company By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets Maxim Group LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx 1 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Stxxxx X. Xxxxxx xr Shxxxxx Xxxxxx

Appears in 2 contracts

Samples: Investment Management Trust Agreement (I-Am CAPITAL ACQUISITION Co), Investment Management Trust Agreement (I-Am CAPITAL ACQUISITION Co)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Silver Run Acquisition Corporation II (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2017 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX X.X. Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at X.X. Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Silver Run Acquisition Corporation II By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Silver Run Acquisition Corp II), Investment Management Trust Agreement (Silver Run Acquisition Corp II)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Global Alternative Asset Management, Inc. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2008 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated (“Counsel’s Letter”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer trans-fer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counselCounsel's letter Letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT Very truly yours, GLOBAL ALTERNATIVE ASSET MANAGEMNET, INC. By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Global Alternative Asset Management, Inc.), Investment Management Trust Agreement (Global Alternative Asset Management, Inc.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Alberton Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________[*], 2011 2018 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with [__________________ _] (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on [__________ _] and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank [ ] to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated consummated, and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of [__________________], which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and Chardan Capital Markets LLC with respect to the transfer of the funds held in the Trust Account, which must provide for the disbursement of no less than $10.00 per share plus the amount per share deposited in the Trust Account per Extension Letter to redeeming Public Shareholders (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Alberton Acquisition Corporation By: ___, Chief Executive Officer By: ___, Chief Financial Officer Chardan Capital Markets LLC By: Name: Title: Continental Stock Transfer & Trust Company 0 Xxxxx XxxXxxxxx, Chairman 00xx Xxxxx Xxx Xxxx, XX 00000 Attn: Xxxxxxx X. Xxxx, Xx. Attn: Legal Department Re: Trust Account No. [______________] - Termination Letter Gentlemen: Pursuant to paragraph 1(i) of the Board Investment Management Trust Agreement between Alberton Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [*], 2018 (“Trust Agreement”), this is to advise you that the Company has been unable to effect a Business Combination with a Target Company within the time frame specified in the Company’s Amended and Restated Memorandum and Articles of Association, as described in the Company’s prospectus relating to its IPO. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all the Trust Account investments on [______________] and to transfer the total proceeds to the Trust Checking Account at [ ] to await distribution to the Public Shareholders. The Company has selected [____________, 20__] as the record date for the purpose of determining the Public Shareholders entitled to receive their share of the liquidation proceeds. It is acknowledged that no interest will be earned by the Company on the liquidation proceeds while on deposit in the Trust Checking Account. You agree to be the Paying Agent of record and in your separate capacity as Paying Agent, to distribute said funds directly to the Public Shareholders in accordance with the terms of the Trust Agreement and the Amended and Restated Memorandum and Articles of Association of the Company. Upon the distribution of all the funds in the Trust Account, your obligations under the Trust Agreement shall be terminated. Very truly yours, Alberton Acquisition Corporation By: Xxxxxxx Xx___, Secretary Chief Executive Officer By: ___, Chief Financial Officer cc: Lazard Chardan Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx XX 00000 Attn:: Xxxxxxx X. Xxxx, Xx. and Xxxxxxx Xxxxxxxx Re: Trust Account No. [___________] Gentlemen: Pursuant to paragraph 2(a) of the Investment Management Trust Agreement between Alberton Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [*], 2018 (“Trust Agreement”), the Company hereby requests that you deliver to the Company [$_______] of the interest income earned on the Property as of the date hereof. The Company needs such funds to pay for its tax obligations. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at: [WIRE INSTRUCTION INFORMATION] Very truly yours, Alberton Acquisition Corporation By: ___, Chief Executive Officer By: ___, Chief Financial Officer cc: Chardan Capital Markets LLC Continental Stock Transfer & Trust Company 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attn: Xxxxxxx X. Xxxx, Xx. and Xxxxxxx Xxxxxxxx Re: Trust Account No. [______________] Extension Letter Gentlemen: Pursuant to Section 1(j) of the Investment Management Trust Agreement between Alberton Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company, dated as of [*], 2018 (“Trust Agreement”), this is to advise you that the Company is extending the time available in order to consummate a Business Combination with the Target Businesses for an additional three (3) months, from _______ to _________ (the “Extension”). This Extension Letter shall serve as the notice required with respect to Extension prior to the Applicable Deadline. Capitalized words used herein and not otherwise defined shall have the meanings ascribed to them in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to deposit [$1,000,000] [(or $1,150,000 if the underwriters’ over-allotment option was exercised in full)], which will be wired to you, into the Trust Account investments upon receipt. This is the ____ of up to two Extension Letters. Very truly yours, Alberton Acquisition Corporation By: ___, Chief Executive Officer By: ___, Chief Financial Officer cc: Chardan Capital Markets LLC Continental Stock Transfer & Trust Company 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attn: Xxxxxxx X. Xxxx, Xx. and Xxxxxxx Xxxxxxxx Attn: Legal Department Re: Trust Account No. [______________] - Irrevocable Instruction in Connection with Business Combination Gentlemen: Pursuant to paragraphs 1(m) and 3(h) of the Investment Management Trust Agreement between Alberton Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [*], 2018 (“Trust Agreement”), this constitutes our irrevocable instruction to you to (i) in conjunction with the Business Combination (as defined in the Trust Agreement), disburse a per share amount of $______, which is not less than $10.00 (plus the amount per share deposited in the Trust Account pursuant to any Extension Letter) per share to ________________ (the “Shareholder”) for the _____________________ ordinary shares of the Company delivered to you prior to or concurrently herewith for redemption in connection with the Business Combination, and (ii) deliver to the Shareholder the amounts specified in clause (i) prior to delivering and amounts to the Depository Trust Company, the Company, or any person from whom you have not received an irrevocable instruction substantially similar to this one. A share certificate, share advice or DWAC instruction from our broker is also attached. The Company shall indemnify you and your officers, directors, principals, partners, agents and representatives, and hold each of them harmless from and against any and all loss, liability, damage, claim or expense (including the reasonable fees and disbursements of its attorneys) incurred by or asserted against you or any of them arising out of or in connection with the instructions set forth herein, the performance of your duties hereunder and otherwise in respect hereof, including the costs and expenses of defending yourself or themselves against any claim or liability hereunder, except that the Company shall not be liable hereunder as to matters in respect of which it is determined that you have acted with gross negligence or willful misconduct . You shall have no liability to the Company in respect to any action taken or any failure to act in respect of this if such action was taken or omitted to be taken in good faith, and you shall be entitled to rely in this regard on the advice of counsel. The Board of Directors of the Company has approved the foregoing irrevocable instructions and does hereby extend the Company’s irrevocable agreement to indemnify your firm for all loss, liability or expense in carrying out the authority and direction herein contained on the terms herein set forth. The Shareholder is intended to be and is a third party beneficiary of this letter and the irrevocable instructions set forth herein. By signing below, the person executing this letter certifies that they are duly authorized to execute this letter on behalf of the Company and to bind the Company to all of the terms and conditions contained herein. Alberton Acquisition Corporation By: ___, Chief Executive Officer By: ___, Chief Financial Officer CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Trustee Name: Title: Cc: [SHAREHOLDER] Continental Stock Transfer & Trust Company 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attn: Xxxxxxx X. Xxxx, Xx. and Xxxxxxx Xxxxxxxx Attn: Legal Department

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Alberton Acquisition Corp), Investment Management Trust Agreement (Alberton Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Black Ridge Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of __________, 2011 2017 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with [__________________ _] (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on [__________ _] and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank [____________] to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of [__________________], which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and EarlyBirdCapital, Inc. with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, BLACK RIDGE ACQUISITION CORP. By: Xxx XxXxxxxxxx, Chief Executive Officer By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx XxChief Financial Officer AGREED TO AND ACKNOWLEDGED BY EARLYBIRDCAPITAL, Secretary cc: Lazard Capital Markets LLC INC. Continental Stock Transfer & Trust Company 00 Xxxxxxx 0 Xxxxx Xxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxx Xxxx and Xxxxxxx Xxxxxx

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Black Ridge Oil & Gas, Inc.), Investment Management Trust Agreement (Black Ridge Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Atlantic Alliance Partnership Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2015 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company and Citigroup Global Markets, Inc. (“Citi”) shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company and Citi (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination shareholders, if a vote is held and (b) joint written instructions instruction signed by the Company and Citi with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account directly to the account or accounts specified by Citi therein (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company; provided, that the full amount of the Deferred Discount shall be transferred on the Consummation Date as set forth above. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Atlantic Alliance Partnership Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx X. Xxxxxx or Xxxxx Di Paolo

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Atlantic Alliance Partnership Corp.), Investment Management Trust Agreement (Atlantic Alliance Partnership Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Hyde Park Acquisition Corp. II (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX JX Xxxxxx Chase Cxxxx Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, HYDE PARK ACQUISITION CORP. II By: Xxxxx XxxLxxxxxxx X. Xxxx, Chairman of the Board By: Xxxxxxx XxCxxxx Xxxxxxxx, Secretary cc: Lazard Capital Markets LLC Deutsche Bank Securities Inc. Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx Xxxxxx and Fxxxx XxXxxxx

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Hyde Park Acquisition Corp. II), Investment Management Trust Agreement (Hyde Park Acquisition Corp. II)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. TenX Kxxxx Acquisition (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _________[ ], 2011 202[ ] (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [insert name] (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date (or such shorter time period as you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Mxxxxx Stanley, N.A., awaiting distribution, neither the Company nor the Representatives will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially, concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination shareholders, if a vote is held and (b) a written instructions instruction signed by the Company and the Representatives with respect to the transfer of the funds held in the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. ByVery truly yours, TenX Kxxxx Acquisition Name: Xxxxx Xxx, Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairman cc: Maxim Group LLC [Signature Page to Exhibit A of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Investment Management Trust Agreement] American Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx XxxxCompany, Xxx Xxxx LLC 6000 00xx Xxxxxx Xxxxxxxx, XX 00000 Attn:: Relationship Management

Appears in 2 contracts

Samples: Investment Management Trust Agreement (TenX Keane Acquisition), Investment Management Trust Agreement (TenX Keane Acquisition)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Proficient Alpha Acquisition Corp. (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _________, 2011 2019 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [insert name] (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date (or such shorter time period as you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Mxxxxx Stanley N.A., awaiting distribution, neither the Company nor the Representative will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially, concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company and the Representative with respect to the transfer of the funds held in the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Proficient Alpha Acquisition Corp. By: Xxxxx Xxx, Chairman Name: Title: cc: I-Bankers Securities Inc. [Signature Page to Exhibit A of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Investment Management Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:Agreement]

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Proficient Alpha Acquisition Corp), Investment Management Trust Agreement (Proficient Alpha Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between CS China Resources Development Inc. Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2008 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. Very truly yours, CS CHINA REOURCES DEVELOPMENT INCACQUISITION CORP. By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx XxXxxxxx Xxx, Secretary cc: Lazard Capital Markets LLC EarlyBirdCapital, Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:

Appears in 2 contracts

Samples: Investment Management Trust Agreement (CS China Acquisition Corp.), Investment Management Trust Agreement (CS China Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Triplecrown Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2007 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated (“Counsel’s Letter”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Counsel’s Letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, TRIPLECROWN ACQUISITION CORP. By: Xxxxx XxxXxxx X. Xxxxxx, Chairman of the Board By: Xxxxxxx XxXxxxxxxx X. Xxxxxxx, Secretary cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Triplecrown Acquisition Corp.), Investment Management Trust Agreement (Triplecrown Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. CF Corporation (the “Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 _ (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account in the United States at XX JX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Representatives on behalf of the Underwriters (with respect to the Deferred Discount) and the Company shall direct on the Consummation Date. It is acknowledged and agreed that the aforementioned trust checking account is a non-interest bearing account and that while the funds are on deposit in the said trust checking account awaiting distribution, the Company no interest will not earn any interest or dividendsbe earned. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] certificate of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination shareholders, if a vote is held and (b) written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to public shareholders who have properly exercised their redemption rights and payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, CF Corporation By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 2 contracts

Samples: Investment Management Trust Agreement (CF Corp), Investment Management Trust Agreement (CF Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. One Madison Corporation (the “Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 _ (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account in the United States at XX Xxxxxx JPMorgan Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Representatives on behalf of the Underwriters (with respect to the Deferred Discount) and the Company shall direct on the Consummation Date. It is acknowledged and agreed that the aforementioned trust checking account is a non-interest bearing account and that while the funds are on deposit in the said trust checking account awaiting distribution, the Company no interest will not earn any interest or dividendsbe earned. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] certificate of __________________the Chairman and Chief Executive Officer, which verifies that the Business Combination has been approved by Anchor Investors (as defined in the Underwriting Agreement) representing more than 50.0% of the Ordinary Shares purchased by such Anchor Investors pursuant to certain forward purchase agreements between the Company and each Anchor Investor, (b) if a shareholders’ vote is held, a certificate of the Chairman and Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination if a vote is held shareholders and (bc) written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to Public Shareholders who have properly exercised their redemption rights and payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, One Madison Corporation By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 2 contracts

Samples: Investment Management Trust Agreement (One Madison Corp), Investment Management Trust Agreement (One Madison Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Clarim Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2021 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [insert name] (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 seventy-two (72) hours in advance of the actual date of the consummation of the Business Combination (or such shorter time period as you may agree) (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation DateDate (including as directed to it by the Representative on behalf of the Underwriters (with respect to the Deferred Discount)). It is acknowledged and agreed that while the funds are on deposit in the trust operating account at X.X. Xxxxxx Chase Bank, N.A., awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a joint written instructions instruction signed by the Company and the Representative with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount to the Representative from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Clarim Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary ccTitle: Lazard Capital Markets Agreed and acknowledged by: Xxxxxxxxx LLC Name: Title: Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxx Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx XX 00000 Attn:: [______________]

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Clarim Acquisition Corp.), Investment Management Trust Agreement (Clarim Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development International Shipping Enterprises, Inc. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2004 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that (a) the Business Combination has been consummated and (b) the provisions of Section 11-51-302(6) and Rule 51-3.4 of the Colorado Statute have been met, and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT Very truly yours, INTERNATIONAL SHIPPING ENTERPRISES, INC. By: Xxxxx XxxXxxxxxxx Xxxxxxx, Chairman of the Board By: Xxxxxxx XxXxxxxxxx Xxxxxxxxxxxxx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:

Appears in 2 contracts

Samples: Investment Management Trust Agreement (International Shipping Enterprises, Inc.), Investment Management Trust Agreement (International Shipping Enterprises, Inc.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. DiamondPeak Holdings Corp. (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _________, 2011 2019 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [insert name] (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (or such shorter time period as you may agree) (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Deutsche Bank Trust Company Americas, an affiliate of Deutsche Bank Securities Inc., awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, DiamondPeak Holdings Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets LLC Continental Deutsche Bank Securities Inc. American Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx XxxxCompany, Xxx Xxxx LLC 0000 00xx Xxxxxx Xxxxxxxx, XX 00000 Attn:: AST Shareholder Services

Appears in 2 contracts

Samples: Investment Management Trust Agreement (DiamondPeak Holdings Corp.), Investment Management Trust Agreement (DiamondPeak Holdings Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Silver Run Acquisition Corporation (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2016 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company, Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Xxxxxxx, Sachs & Co. with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Silver Run Acquisition Corporation By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Silver Run Acquisition Corp), Investment Management Trust Agreement (Silver Run Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Shermen WSC Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2006 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that (a) the Business Combination has been consummated and (b) if applicable, the provisions of Section 11-51-302(6) and Rule 51-3.4 of the Colorado Statute have been met, and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, SHERMEN WSC ACQUISITION CORP. By: Xxxxx XxxXxxxxxx X. Xxxxxxx, Xx., Chairman of the Board and Chief Executive Officer By: Xxxxxxx Xx, Secretary cc: Lazard CRT Capital Markets LLC Group LLC. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx X. Xxxxxx

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Shermen WSC Acquisition Corp), Investment Management Trust Agreement (Shermen WSC Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. DFB Healthcare Acquisitions Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2018 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at JPMorgan Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, DFB Healthcare Acquisitions Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets LLC Xxxxxxx, Xxxxx & Co. Deutsche Bank Securities Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: [ ]

Appears in 2 contracts

Samples: Investment Management Trust Agreement (DFB Healthcare Acquisitions Corp.), Investment Management Trust Agreement (DFB Healthcare Acquisitions Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Victory Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2007 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated (“Counsel’s Letter”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Counsel’s Letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVICTORY ACQUISITION CORP. By: Xxxxx XxxXxxx X. Xxxxxx, Chairman of the Board By: Xxxxxxx XxXxxxxxxx X. Xxxxxxx, Secretary cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Victory Acquisition Corp), Investment Management Trust Agreement (Victory Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. VantagePoint Acquisition Company (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________[●], 2011 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement (the “Business Agreement”) with __________________ [●] (the “Target Business”) to consummate a business combination with the Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date Date: (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you [(a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) b)]1 joint written instructions from the Company and EarlyBirdCapital, Inc., the underwriter of the Company’s initial public offering, with respect to the transfer of the funds held in the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter written notice from counsel and the Instruction Letter, Letter in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same same, and the Company and the Underwriter shall jointly direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the CompanyCompany or be distributed immediately and the penalty incurred. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then then, upon the Trustee’s receipt by the Trustee of written instructions instruction from the Company, the funds held in the Trust Account shall be reinvested as soon as reasonably practical as provided in the Trust Agreement on the Agreement, but in no event later than __ business day immediately days following the Consummation Date as set forth in the notice. 1 Include only if there is a shareholder vote. Very truly yours, CHINA REOURCES DEVELOPMENT INC. ByVANTAGEPOINT ACQUISITION COMPANY Name: Xxxxx Xxx, Chairman of the Board ByTitle: Xxxxxxx Xx, Secretary Affirmed: Name: Title: cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx XxxxEarlyBirdCapital, Xxx Xxxx 00000 Attn:Inc. [date] [Trustee] [Address]

Appears in 2 contracts

Samples: Investment Management Trust Agreement (China VantagePoint Acquisition Co), Investment Management Trust Agreement (China VantagePoint Acquisition Co)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. VectoIQ Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2018 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance (or such shorter time as you may agree) of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at [JPMorgan Chase Bank, N.A.] awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of the M&A Fee from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, VectoIQ Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets Xxxxx and Company, LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxx Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx and Xxxxxxx X. Xxxx, Xx

Appears in 2 contracts

Samples: Investment Management Trust Agreement (VectoIQ Acquisition Corp.), Investment Management Trust Agreement (VectoIQ Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Raycliff Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2008 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated (“Counsel’s Letter”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Counsel’s Letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall shall, upon written instruction from the Company, be reinvested redeposited as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Raycliff Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets LLC Deutsche Bank Securities Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx and Xxxxx X. Di Paolo

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Raycliff Acquisition Corp), Investment Management Trust Agreement (Raycliff Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i1(k) of the Investment Management Trust Agreement between China Resources Development Acquicor Technology Inc. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with the Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours two business days in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Pursuant to paragraph 2(e) of the Trust Agreement, we are providing you with [an affidavit][a certificate] of , which verifies the vote of the Company’s stockholders in connection with the Business Combination. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that (a) the Business Combination has been consummated and (b) the provisions of Section 11-51-302(6) and Rule 51-3.4 of the Colorado Statute have been met, and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. Very truly yours, By: Xxxxx Xxx, Gxxxxxx X. Xxxxxx Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC and Chief Executive Officer Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx Xxxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (Acquicor Technology Inc)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Spartan Energy Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [__________] [●], 2011 2018 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (the “Target Business”) to consummate a business combination with Target Business (the “Business AgreementCombination”) on or about [ ], 20[ ]. The Company shall notify you at least forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account on [ ], 20[ ], and to transfer the proceeds into the trust checking account at [__________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank ] to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at [_____________________] awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated and concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”), (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”)) and (iii) Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC shall deliver to you joint written instructions for delivery of the Deferred Discount. You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instructions as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Spartan Energy Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Spartan Energy Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. I-AM Capital Acquisition Company (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________August 16, 2011 2017 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust segregated account held by you on behalf of the Beneficiaries awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] certificate of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and Maxim Group LLC with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to public stockholders who have properly exercised their redemption rights and payment of the Deferred Discount to Maxim Group LLC from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, I-AM Capital Acquisition Company By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets Maxim Group LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx 1 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx X. Xxxxxx or Sxxxxxx Xxxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (I-Am CAPITAL ACQUISITION Co)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Wattles Acquisition Corp. (the "Company") and Continental American Stock Transfer & Trust Company (the "Trustee"), dated as of _________[ • ], 2011 2008 (the "Trust Agreement"), this is to advise you that the Company has entered into an agreement (the "Business Agreement") with __________________ [ • ] (the "Target Business") to consummate a business combination with the Target Business (the "Business Combination") on or about [insert date[ • ]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (the "Consummation Date"). Pursuant to Paragraph 2(e) of the Trust Agreement, we are providing you with [an affidavit] [a certificate] verifying the vote of the Company's stockholders duly approving the Business Combination in accordance with the terms of the Company's Amended and Restated Certificate of Incorporation. The [affidavit] [certificate] includes the identities of the public stockholders who voted against the Business Combination and properly exercised their conversion rights in connection therewith. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date Date: (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and consummated, (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account other than the Deferred Discount (the "Instruction Letter”)") and (iii) the Representatives shall deliver to you written instructions for delivery of the Deferred Discount. You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter written notice from counsel and the Instruction LetterLetter (a) to public stockholders who exercised their redemption rights in connection with the Business Combination, in an amount equal to their pro rata share of the amounts in the Trust Account as of two business days prior to the Consummation Date (including the Deferred Discount and any income actually received on the Trust Account balance and held in the Trust Account, but less an amount equal to estimated taxes that are or will be due on such income at an assumed rate of 40%); (b) to the Representatives in an amount equal to the Deferred Discount as so directed by them, and (c) the remainder in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same same, and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the CompanyCompany or be distributed immediately and the penalty incurred. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, WATTLES ACQUISITION CORP. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets UBS Securities LLC Continental Ladenburg Xxxxxxxx & Co. Inc. [date] American Stock Transfer & Trust Company 00 Xxxxxxx Xxxxxx Xxxx Xxxxx Xxxxx Xxx Xxxx, Xxx Xxxx XX 00000 AttnRe:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Wattles Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i1(h) of the Investment Management Trust Agreement between China Resources Development Inc. GSME Acquisition Partners I (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2009 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that (a) the Business Combination has been consummated and (b) the provisions of Section 11-51-302(6) and Rule 51-3.4 of the Colorado Statute have been met and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer trans­fer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. Very truly yours, GSME ACQUISITION PARTNERS I By: Xxxxx XxxXxxx Xxxx Gao, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:

Appears in 1 contract

Samples: Investment Management Trust Agreement (GSME Acquisition Partners I)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Xxxxx Industrial Technology, Inc. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________[·], 2011 2021 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [·], and to transfer the proceeds to into the above-referenced trust checking account at XX X.X. Xxxxxx Chase Bank Xxxxx Bank, N.A. to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at X.X. Xxxxxx Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Xxxxx Industrial Technology, Inc. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Mason Industrial Technology, Inc.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. AGBA Acquisition Limited (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________[*], 2011 2019 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with [__________________ _] (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on [__________ _] and to transfer the proceeds to the above-referenced account at XX J.X. Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated consummated, and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of [__________________], which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and Maxim Group LLC with respect to the transfer of the funds held in the Trust Account, which must provide for the disbursement of no less than $10.00 per share plus the amount per share deposited in the Trust Account per Extension Letter to redeeming Public Shareholders (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. Very truly yours, AGBA ACQUISITION LIMITED By: Xxxxx Xxx, Chairman of the Board Name: Title: By: Xxxxxxx Xx, Secretary ccName: Lazard Capital Markets Title: Maxim Group LLC By: Name: Title: Continental Stock Transfer & Trust Company 00 Xxxxxxx 1 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx XX 00000 Attn:: Fxxxxxx Xxxx and Cxxxxxx Xxxxxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (AGBA Acquisition LTD)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development HF2 Financial Management Inc. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2013 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank UBS Financial Services Inc. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account, including payment of the Investment Banking Fee from the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same same, and the Company shall direct you as to whether such funds should remain in the Trust Account and to be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have the Company has not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT Very truly yours, HF2 FINANCIAL MANAGEMENT INC. By: Xxxxx XxxXxxxxxx X. Xxxxx, Chairman of the Board Chief Executive Officer By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Hf2 Financial Management Inc.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Xxxxxxxx Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [_________], 2011 2017 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Xxxxx Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation DateDate (including as directed to it by the Representative on behalf of the Underwriters (with respect to the Deferred Discount)). It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and the Representative with respect to the transfer of the funds held in the Trust Account, including payment of amounts owned to public stockholders who have properly exercised their redemption rights and payment of the Deferred Discount to the Representative from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Xxxxxxxx Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board Name: Title: Cantor Xxxxxxxxxx & Co. By: Xxxxxxx Xx, Secretary ccName: Lazard Capital Markets LLC Title: Continental Stock Transfer & Trust Company 00 Xxxxxxx 0 Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 XX 00000-0000 Attn:: Xxxxxx X. Xxxxxx and Xxxxxxx Xxxxxx

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Double Eagle Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________September 10, 2011 2015 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX JX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Representatives on behalf of the Underwriters (with respect to the Deferred Discount) and the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at JX Xxxxxx Cxxxx Bank, N.A. awaiting distribution, none of the Underwriters or the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] certificate of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination shareholders, if a vote is held and (b) joint written instructions instruction signed by the Company and the Representatives with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Double Eagle Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Double Eagle Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Global Partner Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of ___________, 2011 2015 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that Deutsche Bank Securities Inc. (on behalf of the Underwriters) and the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Xxxxx Bank, N.A. awaiting distribution, none of the Underwriters or the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] certificate of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and Deutsche Bank Securities Inc. with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Global Partner Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets LLC Deutsche Bank Securities Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx X. Xxxxxx or Xxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (Global Partner Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. E-compass Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________August 12, 2011 2015 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with [__________________ _] (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on [__________ _] and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank [ ] to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of [__________________], which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and Cantor Xxxxxxxxxx & Co. with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:Very truly yours,

Appears in 1 contract

Samples: Investment Management Trust Agreement (E-Compass Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Enterprise Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of ____________, 2011 2007 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated (“Counsel’s Letter”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, _ which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Counsel’s Letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon the Trustee’s receipt by the Trustee of a written instructions request from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the original Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, ENTERPRISE ACQUISITION CORP. By: Xxxxx XxxXxxx X. Xxxx, Chairman of the Board By: Xxxxxxx XxXxxxx Xxxxxxxxx Xxxxxx, Corporate Secretary cc: Lazard Capital Markets LLC Ladenburg Xxxxxxxx & Co. Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxxx Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Jupiter Wellness Acquisition Corp. (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _______________, 2011 2021 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [insert name] (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date (or such shorter time period as you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation DateDate (including as directed to it by the Representative (with respect to the M&A Fee)). It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Xxxxxx Xxxxxxx Xxxxx Xxxxxx LLC, awaiting distribution, neither the Company nor the Representative will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially, concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company and the Representative with respect to the transfer of the funds held in the Trust Account, including payment of the amounts owed to public stockholders who have properly exercised their redemption rights and the M&A Fee to the Representative from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Jupiter Wellness Acquisition Corp. By: Xxxxx Xxx, Chairman Name: Title: cc: I-Bankers Securities Inc. [Signature Page to Exhibit A of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Investment Management Trust Agreement] American Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx XxxxCompany, Xxx Xxxx LLC 0000 00xx Xxxxxx Xxxxxxxx, XX 00000 Attn:: AST Shareholder Services

Appears in 1 contract

Samples: Investment Management Trust Agreement (Jupiter Wellness Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Stellar Acquisition III Inc. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________[●], 2011 2016 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) been unable to consummate effect a business combination with a Target Business (“Business Combination”) on or about [insert date]within the time frame specified in the Company’s Amended and Restated Certificate of Incorporation, as described in the Company’s Prospectus relating to the Offering. The Company Capitalized terms used but not defined herein shall notify you at least 48 hours have the meanings set forth in advance of the actual date of the consummation of the Business Combination (“Consummation Date”)Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account investments on ________[●], 20__ and to transfer the total proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Bank, N.A. to await distribution to the effect thatPublic Stockholders. The Company has selected [●], on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of ________________20__, which verifies as the vote record date for the purpose of determining the Public Stockholders entitled to receive their share of the liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute said funds directly to the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, Public Stockholders in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same Agreement and the Company shall direct you as to whether such funds should remain in the Trust Account Amended and distributed after the Consummation Date to Restated Certificate of Incorporation of the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereoffunds, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation DateVery truly yours, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. Stellar Acquisition III Inc. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets Maxim Group LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxxx Xxxxxx, Vice President Re: Trust Account No. __ Withdrawal Instruction Gentlemen: Pursuant to Section 1(j) of the Investment Management Trust Agreement between Stellar Acquisition III Inc. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [●], 2016 (“Trust Agreement”), the Company hereby requests that you deliver to the Company $[●] of the 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 for the tax obligations as set forth on the attached tax return or tax statement] [for working capital purposes]. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at: Very truly yours, Stellar Acquisition III Inc. By: Name: Title: cc: Maxim Group LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Xxxxxx Xxxxxx and Xxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (Stellar Acquisition III Inc.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Social Capital Hedosophia Holdings Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________[●], 2011 2017 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date (or such shorter time period as you may agree) of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX J.X. Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that Credit Suisse Securities (USA) LLC (the “Representative”) (with respect to the Deferred Discount) and the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at J.X. Xxxxxx Cxxxx Bank, N.A. awaiting distribution, neither the Company nor the Representative will not earn any interest or dividendsinterest. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially, concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination shareholders, if a vote is held and (b) joint written instructions instruction signed by the Company and the Representative with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Social Capital Hedosophia Holdings Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets Credit Suisse Securities (USA) LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Oxx Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx X. Xxxxxx and Sxxxxxx Xxxxxx Re: Trust Account No. [ ] Termination Letter Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between Social Capital Hedosophia Holdings Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [●], 2017 (the “Trust Agreement”), this is to advise you that the Company has been unable to effect a business combination with a Target Business (the “Business Combination”) within the time frame specified in the Company’s amended and restated memorandum and articles of association, as described in the Company’s Prospectus relating to the Offering. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account on [●], 2019 and to transfer the total proceeds into the trust checking account at J.X. Xxxxxx Chase Bank, N.A. to await distribution to the Public Shareholders. The Company has selected [●], 2019, as the record date for the purpose of determining the Public Shareholders entitled to receive their share of the liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute said funds directly to the Company’s Public Shareholders in accordance with the terms of the Trust Agreement and the amended and restated memorandum and articles of association of the Company. Upon the distribution of all the funds, your obligations under the Trust Agreement shall be terminated, except to the extent otherwise provided in Section 1(j) of the Trust Agreement. Very truly yours, Social Capital Hedosophia Holdings Corp. By: Name: Title: cc: Credit Suisse Securities (USA) LLC Continental Stock Transfer & Trust Company Oxx Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Sxxxxx X. Xxxxxx and Sxxxxxx Xxxxxx Re: Trust Account No. Tax Payment Withdrawal Instruction Gentlemen: Pursuant to Section 1(j) of the Investment Management Trust Agreement between Social Capital Hedosophia 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 Company $ of the 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 for the tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at: Very truly yours, Social Capital Hedosophia Holdings Corp. By: Name: Title: cc: Credit Suisse Securities (USA) LLC Continental Stock Transfer & Trust Company Oxx Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Sxxxxx X. Xxxxxx and Sxxxxxx Xxxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (Social Capital Hedosophia Holdings Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. MedWorth Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2013 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX JX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account Trust Account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated consummated, or will, concurrently with your transfer of funds to the accounts as directed by the Company be consummated, and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by the vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions from it and EarlyBirdCapital, Inc. with respect to the transfer of the funds held in the Trust Account, including payment of the Investment Banking Fee from the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the CompanyCompany or be distributed immediately and the penalty incurred. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, MEDWORTH ACQUISITION CORP. By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC EarlyBirdCapital, Inc. Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx Xxxxxx and Fxxxx XxXxxxx

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Raycliff Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2008 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated (“Counsel’s Letter”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Counsel’s Letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall shall, upon written instruction from the Company, be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Raycliff Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets LLC Deutsche Bank Securities Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx and Xxxxx X. Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (Raycliff Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Xxxxx Xxxxxxxx Acquisition Corp. (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _________March 29, 2011 2017 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Xxxxx Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation DateDate (including as directed to it by the Representatives on behalf of the Underwriters (with respect to the Deferred Discount)). It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and the Representatives in its initial public offering with respect to the transfer of the funds held in the Trust Account, including payment of amounts owned to public stockholders who have properly exercised their redemption rights and payment of the Deferred Discount to the Representatives from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Xxxxx Xxxxxxxx Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Continental Inc. Deutsche Bank Securities Inc. Credit Suisse American Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx XxxxCompany, LLC 0000 00xx Xxxxxx Xxxxxxxx, Xxx Xxxx 00000 Attn:: Relationship Management

Appears in 1 contract

Samples: Investment Management Trust Agreement (Kayne Anderson Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development GTY Technology Holdings Inc. (the “Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 _ (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account in the United States at XX J.X. Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation DateDate (including as directed to it by the Representative on behalf of the Underwriters (with respect to the Deferred Discount)). It is acknowledged and agreed that the aforementioned trust checking account is a non-interest bearing account and that while the funds are on deposit in the said trust checking account awaiting distribution, the Company no interest will not earn any interest or dividendsbe earned. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] certificate of __________________the Chief Executive Officer or a Co-Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination shareholders, if a vote is held and (b) written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to public shareholders who have properly exercised their redemption rights and payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, GTY Technology Holdings Inc. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary ccTitle: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: ________________________________

Appears in 1 contract

Samples: Investment Management Trust Agreement (GTY Technology Holdings Inc.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Xxxxx Acquisition Company I, Inc. ("Company") and Continental Stock Transfer & Trust Company ("Trustee"), dated as of _________, 2011 2007 ("Trust Agreement"), this is to advise you that the Company has entered into an agreement ("Business Agreement") with __________________ ("Target Business") to consummate a business combination with Target Business ("Business Combination") on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination ("Consummation Date"). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated ("Counsel's Letter") and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s 's stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account ("Instruction Letter"). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counselCounsel's letter Letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall shall, upon written instruction from the Company, be reinvested redeposited as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Xxxxx Acquisition Company I, Inc. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Xxxxxx Xxxxxx Re:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Hicks Acquisition CO I Inc.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement Agreement, dated as of , 2011 (the “Trust Agreement”), by and between China Resources Development Inc. HBC Acquisition Corp., a Delaware corporation (the “Company”) ), and Continental Stock Transfer & Trust Company (“Trustee”)Company, dated as of _________, 2011 (“Trust Agreement”)trustee, this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with the Target Business (the “Business Combination”) on or about [insert date]] . The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Xxxxx, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Chase, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies written instruction signed by the vote of the Company’s stockholders in connection with the Business Combination if a vote is held Company and (b) written instructions Citigroup Global Markets Inc. with respect to the transfer of the funds held in the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, HBC Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx and Xxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (HBC Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. GP Investments Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________[●], 2011 2015 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Citibank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Citibank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination shareholders, if a vote is held and (b) joint written instructions instruction signed by the Company and [●] with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, GP Investments Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx X. Xxxxxx or Xxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (GP Investments Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Levy Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________November 13, 2011 2013 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX JX Xxxxxx Chase Bank Cxxxx Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at JX Xxxxxx Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and Citigroup Global Markets Inc. with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Levy Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx X. Xxxxxx or Fxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (Levy Acquisition Corp)

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Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Cambridge Capital Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of ____________, 2011 2013 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank UBS Financial Services Inc. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) joint written instructions from it and EarlyBirdCapital, Inc. with respect to the transfer trans­fer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT Very truly yours, CAMBRIDGE CAPITAL ACQUISITION CORPORATION By: Xxxxxxxx Xxxxxx, Chief Executive Officer and Secretary AGREED TO AND ACKNOWLEDGED BY EARLYBIRDCAPITAL, INC. By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC EXHIBIT B Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx and Xxxxx XxXxxxx Re: Trust Account No. - Termination Letter Gentlemen: Reference is made to the Investment Management Trust Agreement between Cambridge Capital Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company, dated as of _______, 2013 (“Trust Agreement”). Capitalized words used herein and not otherwise defined shall have the meanings ascribed to them in the Trust Agreement. Pursuant to Section 1(j) of the Trust Agreement, this is to advise you that the Company has sought an Amendment. Accordingly, in accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account on [ ] and to transfer $_____ of the proceeds of the Trust to the checking account at [ ] for distribution to the stockholders that have requested conversion of their shares in connection with such Amendment. The remaining funds shall be reinvested by you as previously instructed. Very truly yours, Very truly yours, CAMBRIDGE CAPITAL ACQUISITION CORPORATION By: Xxxxxxxx Xxxxxx, Chief Executive Officer and Secretary cc: EarlyBirdCapital, Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Xxxxxx Xxxxxx and Xxxxx XxXxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (Cambridge Capital Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Yunhong International (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _________February 12, 2011 2020 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [insert name] (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date (or such shorter time period as you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Xxxxxx Stanley, N.A., awaiting distribution, neither the Company nor the Representatives will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially, concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination shareholders, if a vote is held and (b) a written instructions instruction signed by the Company and the Representatives with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Yunhong International By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Yunhong International)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. 1347 Capital Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________ ___, 2011 2014 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) joint written instructions from it and EarlyBirdCapital, Inc. with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same same, and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then then, upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT Very truly yours, 1347 CAPITAL CORP. By: Xxxxxx X. Xxxxx, President, Chief Executive Officer and Director By: Xxxxxx X. Xxxxx, Chief Financial Officer, Secretary and Director ACKNOWLEDGED BY EARLYBIRDCAPITAL, INC. By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx and Xxxxx XxXxxxx Re: Trust Account No. [insert no.]___ - Termination Letter Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between 1347 Capital Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _____________, 2014 (“Trust Agreement”), this is to advise you that the Company has been unable to effect a Business Combination with a Target Company within the time frame specified in the Company’s Amended and Restated Certificate of Incorporation, as described in the Company’s prospectus relating to its IPO. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all the Trust Account investments on ______________ and to transfer the total proceeds to the [Trust Checking Account at XX Xxxxxx Chase Bank] to await distribution to the Public Stockholders. The Company has selected ____________, 20__ as the record date for the purpose of determining the Public Stockholders entitled to receive their share of the liquidation proceeds. It is acknowledged that no interest will be earned by the Company on the liquidation proceeds while on deposit in the Trust Checking Account. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, to distribute said funds directly to the Public Stockholders in accordance with the terms of the Trust Agreement and the Amended and Restated Certificate of Incorporation of the Company. Upon the distribution of all of the funds in the Trust Account, your obligations under the Trust Agreement shall be terminated. Very truly yours, 1347 CAPITAL CORP. By: Xxxxxx X. Xxxxx, President, Chief Executive Officer and Director By: Xxxxxx X. Xxxxx, Chief Financial Officer, Secretary and Director cc: EarlyBirdCapital, Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Xxxxx Di Paolo and Xxxxxxx Xxxxxx Re: Trust Account No. [insert no.]____

Appears in 1 contract

Samples: Investment Management Trust Agreement (1347 Capital Corp)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Shermen WSC Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2006 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that (a) the Business Combination has been consummated and (b) if applicable, the provisions of Section 11-51-302(6) and Rule 51-3.4 of the Colorado Statute have been met, and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, SHERMEN WSC ACQUISITION CORP. By: Xxxxx XxxFxxxxxx X. Xxxxxxx, Xx., Chairman of the Board and Chief Executive Officer By: Xxxxxxx Xx, Secretary cc: Lazard CRT Capital Markets LLC Group LLC. Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx X. Xxxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (Shermen WSC Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Cherry Tree Acquisition Corp. ("Company") and Continental Stock Transfer & Trust Company ("Trustee"), dated as of _________, 2011 2008 ("Trust Agreement"), this is to advise you that the Company has entered into an agreement ("Business Agreement") with __________________ ("Target Business") to consummate a business combination with Target Business ("Business Combination") on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination ("Consummation Date"). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s 's stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account ("Instruction Letter"). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, CHERRY TREE ACQUISITION CORP. By: Xxxxx XxxX. Xxxxxxxxxxxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Cherry Tree Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Acamar Partners Acquisition Corp. (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _________, 2011 2019 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [insert name] (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date (or such shorter time period as you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at X.X. Xxxxxx Xxxxx Bank, N.A., awaiting distribution, neither the Company nor the Representatives will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially, concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company and the Representatives with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Acamar Partners Acquisition Corp. By: Xxxxx Xxx, Chairman Name: Title: cc: Xxxxxxx Sachs & Co. LLC Deutsche Bank Securities Inc. [Signature Page to Exhibit A of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Investment Management Trust Agreement] American Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx XxxxCompany, Xxx Xxxx LLC 0000 00xx Xxxxxx Xxxxxxxx, XX 00000 Attn:: AST Shareholder Services

Appears in 1 contract

Samples: Investment Management Trust Agreement (Acamar Partners Acquisition Corp.)

Termination Letter. Ladies and Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Gores Xxxxxxxxxxx, Inc. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 [•] (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company, Deutsche Bank Securities Inc. and Credit Suisse Securities (USA) LLC with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Gores Xxxxxxxxxxx, Inc. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Gores Metropoulos, Inc.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Nebula Acquisition Corporation (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _________, 2011 2017 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Deutsche Bank Trust Company Americas, an affiliate of Deutsche Bank Securities Inc., awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Nebula Acquisition Corporation By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Nebula Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Deep Medicine Acquisition Corp. (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _________October 26, 2011 2021 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [insert name] (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date (or such shorter time period as you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation DateDate (including as directed to it by the Representative (with respect to the M&A Fee)). It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Xxxxxx Xxxxxxx Xxxxx Xxxxxx LLC, awaiting distribution, neither the Company nor the Representative will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially, concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company and the Representative with respect to the transfer of the funds held in the Trust Account, including payment of the amounts owed to public stockholders who have properly exercised their redemption rights and the M&A Fee to the Representative from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Deep Medicine Acquisition Corp. By: Xxxxx Xxx, Chairman Name: Title: cc: I-Bankers Securities Inc. [Signature Page to Exhibit A of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Investment Management Trust Agreement] American Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx XxxxCompany, Xxx Xxxx LLC 0000 00xx Xxxxxx Xxxxxxxx, XX 00000 Attn:: AST Shareholder Services

Appears in 1 contract

Samples: Investment Management Trust Agreement (Deep Medicine Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Quartet Merger Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2013 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX JX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s 's stockholders in connection with the Business Combination if a vote is held and (b) joint written instructions from it and EarlyBirdCapital, Inc. with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, QUARTET MERGER CORP. By: Xxxxx Xxx:________________________________ Exxx X. Xxxxxxxxx, Chairman of the Board By: Xxxxxxx Xx:________________________________ Dxxxx Xxxx, Secretary cc: Lazard Capital Markets LLC AGREED TO AND ACKNOWLEDGED BY EARLYBIRDCAPITAL, INC. By:________________________________ EXHIBIT B Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx Xxxxxx and Fxxxx XxXxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (Quartet Merger Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. GEF Acquisition Corporation (the “Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 _ (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX JX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Representatives and the Company shall direct on the Consummation Date. It is acknowledged and agreed that the aforementioned trust checking account is a non-interest bearing account and that while the funds are on deposit in the said trust checking account awaiting distribution, the Company will not earn any no interest or dividendsdividends will be earned. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] certificate of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination shareholders, if a vote is held and (b) joint written instructions instruction signed by the Company and the Representatives with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to public shareholders who have properly exercised their redemption rights and payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, GEF Acquisition Corporation By: Xxxxx XxxName: Title: Maxim Group LLC Name: Title: EarlyBirdCapital, Chairman of the Board ByInc. Name: Xxxxxxx Xx, Secretary ccTitle: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx X. Xxxxxx or Fxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (GEF Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. TenX Kxxxx Acquisition (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _________[ ], 2011 202[ ] (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [insert name] (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date (or such shorter time period as you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Mxxxxx Stanley, N.A., awaiting distribution, neither the Company nor the Representatives will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially, concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination shareholders, if a vote is held and (b) a written instructions instruction signed by the Company and the Representatives with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. TenX Kxxxx Acquisition By: Xxxxx Xxx, Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairman cc: Maxim Group LLC [Signature Page to Exhibit A of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Investment Management Trust Agreement] American Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx XxxxCompany, Xxx Xxxx LLC 6000 00xx Xxxxxx Xxxxxxxx, XX 00000 Attn:: AST Shareholder Services

Appears in 1 contract

Samples: Investment Management Trust Agreement (TenX Keane Acquisition)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Polaris Acquisition Corp. (“Company”) and Continental ____________ Stock Transfer & Trust Company (“Trustee”), dated as of __________, 2011 2007 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and consummated, (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held Combination, and (biii) the Company and Lazard shall deliver to you written instructions with respect to the transfer of the funds held in the Trust Account including the Deferred Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company and the Representative of the same and the Company and the Representative shall jointly direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the CompanyCompany or, with respect to the Deferred Discount, to the Underwriters. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then then, upon receipt by the Trustee written notice of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, POLARIS ACQUISITION CORP. By: Xxxxx Xxx:________________________________ Xxxx X. Xxxxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:________________________________

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Electrum Special Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________June 10, 2011 2015 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank __________ to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from it and _____ with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, ELECTRUM SPECIAL ACQUISITION CORPORATION By: CANTOR FXXXXXXXXX & CO. By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx, 0xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx Xxxxxx and Fxxxx XxXxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (Electrum Special Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Stellar Acquisition III Inc. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of ___________, 2011 2016 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert about[insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] certificate of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and Maxim Group LLC with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Stellar Acquisition III Inc. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets Maxim Group LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx X. Xxxxxx or Xxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (Stellar Acquisition III Inc.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. LifeSci Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2020 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with [__________________ _] (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on [__________ _] and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank [•] to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust operating account at JPMorgan Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of [__________________], which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and Chardan Capital Markets LLC with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, LIFESCI ACQUISITION CORP. By: Xxxxx Xxx[•], Chairman of the Board Chief Executive Officer By: Xxxxxxx Xx[•], Secretary cc: Lazard Chardan Capital Markets Markets, LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx 1 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx X.X. 00000 Attn:: Fxxxxxx Xxxx and Cxxxxxx Xxxxxxxx

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Nebula Acquisition Corporation (the “Company”) and Continental American Stock Transfer & Trust Company Company, LLC (the “Trustee”), dated as of _________, 2011 2017 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at X.X. Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Nebula Acquisition Corporation By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Nebula Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Opes Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”)Company, dated as of _________March 13, 2011 2018 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with [__________________ (“Target Business”) _] to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on [__________ _] and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank [ ] to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of [__________________], which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and EarlyBirdCapital, Inc. with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee you of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT Very truly yours, OPES ACQUISITION CORP. By: Name: Xxxxxxx Xxx White Title: Chairman By: Name: Xxxx Xxxxxxx Xxxxxx White Title: Chief Executive Officer ACKNOWLEDGED BY EARLYBIRDCAPITAL, INC. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary ccTitle: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx 0 Xxxxx Xxxxxx, 00xx xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxx Xxxx and Xxxxxxx Xxxxxx

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. VantagePoint Acquisition Company (the “Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [____________] (the “Trustee”), dated as of [●], 2011 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement (the “Business Agreement”) with __________________ [●] (the “Target Business”) to consummate a business combination with the Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date Date: (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you [(a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) b)]1 joint written instructions with respect to the transfer of the funds held in the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter written notice from counsel and the Instruction LetterLetter (a) to the public stockholders who exercised their redemption rights in connection with the Business Combination in an amount equal to their pro rata share of the amounts in the Trust Account as of two business days prior to the Consummation Date (including any income actually received on the Trust Account balance and held in the Trust Account, but less an amount equal to estimated taxes that are or will be due on such income at an assumed rate of 40% relating to the shares for which shareholders have exercised redemption rights in connection with the vote of shareholders for the Business Combination, provided that such stockholders have tendered the applicable shares of the Company’s common stock to the Trustee; and (b) the remainder in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same same, and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the CompanyCompany or be distributed immediately and the penalty incurred. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof terminated and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:closed.

Appears in 1 contract

Samples: Investment Management Trust Agreement (China VantagePoint Acquisition Co)

Termination Letter. Ladies and Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. South Mountain Merger Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of ______June ___, 2011 2019 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [insert name] (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty- eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on [insert date], and to transfer the proceeds into the trust operating account at ________________________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation DateDate (including as directed to it by the Representative) (with respect to the Deferred Discount). It is acknowledged and agreed that while the funds are on deposit in the trust operating account at ________________________ awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a joint written instructions instruction signed by the Company and the Representative with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to public stockholders who have properly exercised their redemptions rights and payment of amounts of the Deferred Discount to the Representative from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attn: Xxxxxxx X. Xxxx, Xx., Xxxxxxx Xxxxxxxx and Xxx Xxxxxxxxx Re: Trust Account No. __ Termination Letter Ladies and Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between South Mountain Merger Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of June ___, 2019 (the “Trust Agreement”), this is to advise you that the Company has been unable to effect a business combination with a Target Business within the time frame specified in the Company’s amended and restated Certificate of Incorporation, as described in the Company’s Prospectus relating to the Offering. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account on [insert date] and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public Stockholders. The Company has selected [insert completion deadline] as the record date for the purpose of determining the Public Stockholders entitled to receive their share of the liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute said funds directly to the Public Stockholders in accordance with the terms of the Trust Agreement and the amended and restated Certificate of Incorporation of the Company. Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated, except to the extent otherwise provided in Section 1(i) of the Trust Agreement. Very truly yours, By: Name: Title: cc: Citigroup Global Markets Inc. Continental Stock Transfer & Trust Company 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attn: Xxxxxxx X. Xxxx, Xx., Xxxxxxx Xxxxxxxx and Xxx Xxxxxxxxx Re: Trust Account No. __ Tax Payment Withdrawal Instruction Ladies and Gentlemen: Pursuant to Section 1(j) of the Investment Management Trust Agreement between South Mountain Merger Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of June __, 2019 (the “Trust Agreement”), the Company hereby requests that you deliver to the Company $___________ of the 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 for the tax obligations as set forth on the attached tax return or tax statement]. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at: Very truly yours, By: Name: Title: cc: Citigroup Global Markets Inc. Continental Stock Transfer & Trust Company 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attn: Xxxxxxx X. Xxxx, Xx., Xxxxxxx Xxxxxxxx and Xxx Xxxxxxxxx Re: Trust Account No. __ Regulatory Withdrawal Instruction Ladies and Gentlemen: Pursuant to Section 1(k) of the Investment Management Trust Agreement between South Mountain Merger Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of June __, 2019 (the “Trust Agreement”), the Company hereby requests that you deliver to the Company $___________ of the 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 fund its regulatory compliance requirements and costs related thereto. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at: Very truly yours, By: Name: Title: cc: Citigroup Global Markets Inc. Continental Stock Transfer & Trust Company 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxxx X. Xxxx, Xx. and Xxxxxxx Xxxxxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (South Mountain Merger Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Enterprise Acquisition Corp. ("Company") and Continental Stock Transfer & Trust Company ("Trustee"), dated as of _________November 7, 2011 2007 ("Trust Agreement"), this is to advise you that the Company has entered into an agreement ("Business Agreement") with __________________ ARMOUR Residential REIT, Inc. ("Target Business") to consummate a business combination with Target Business ("Business Combination") on or about [insert date]prior to November 7, 2009. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination ("Consummation Date"). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and ("Counsel's Letter"), (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] affiliate or certificate of __________________, its Corporate Secretary which verifies the vote of the Company’s 's stockholders in connection with the Business Combination if a vote is held and (b) written instructions (the "Instruction Letter") with respect to the transfer of the funds held in the Trust Account other than the Deferred Discount, in an amount to be mutually agreed upon by the Company and the Representatives and so directed by them (“Instruction Letter”)the "Adjusted Deferred Discount") and (iii) the Representatives shall deliver to you written instructions for delivery of the Adjusted Deferred Discount. You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counselCounsel's letter Letter and the Instruction Letter, (a) to the Representatives, the Adjusted Deferred Discount and (b) the remainder in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminatedterminated and the Trust Account closed. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon the Trustee's receipt by the Trustee of a written instructions request from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the original Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, ENTERPRISE ACQUISITION CORP. By: Xxxxx XxxXxxx X. Xxxx, Chairman of the Board By: Xxxxxxx XxXxxxx Xxxxxxxxx Xxxxxx, Corporate Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer UBS Investment Bank Ladenburg Xxxxxxxx & Trust Company 00 Xxxxxxx Xxxxx Xxx XxxxCo. Inc. This SUB-MANAGEMENT AGREEMENT (this “Agreement”), Xxx Xxxx 00000 Attn:is entered into as of [●], 2009, by and among (i) ARMOUR RESIDENTIAL MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”), (ii) XXXXXX XXXX BLANK CHECK LLC, a Delaware limited liability company (the “Sub-Manager”), (iii) ARMOUR RESIDENTIAL REIT, INC., a Maryland corporation, but solely with respect to Sections 1, 6(a), 9(b), 11(a), 11(b), 11(e), 14(a), 14(b), 15, and 18 through 32 (the “REIT”), and (iv) XXXXXXX X. XXXXXX and XXXXX X. XXX, but solely with respect to Sections 1, 9, 11(a), 14(a), 15(a), 18 through 30, and 32 (Messrs. Xxxxxx and Ulm, together, the “Members” and, each, a “Member”).

Appears in 1 contract

Samples: Merger Agreement (Enterprise Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Andina Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2012 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX J.X. Xxxxxx Chase Bank N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and that the provisions of Section 11-51-302(6) and Rule 51-3.4 of the Colorado Statute have been met and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INC. Very truly yours, ANDINA ACQUISITION CORPORATION By: Xxxxx Xxx, Chairman of the Board By: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC EarlyBirdCapital, Inc. Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx Xxxxxx and Fxxxx XxXxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (Andina Acquisition Corp)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Xxxxxx Pointe Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2018 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at [XX Xxxxxx Chase Bank Bank, N.A.] to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at [XX Xxxxxx Xxxxx Bank, N.A.] awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and X. Xxxxx FBR, Inc. with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Xxxxxx Pointe Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets LLC X. Xxxxx FBR, Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx X. Xxxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (Gordon Pointe Acqusition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Stellar Acquisition III Inc. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________August 18, 2011 2016 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] certificate of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and Maxim Group LLC with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Stellar Acquisition III Inc. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets Maxim Group LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx X. Xxxxxx or Xxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (Stellar Acquisition III Inc.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Bison Capital Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________June 19, 2011 2017 (the “Trust Agreement”), this is to advise you that the Company has entered into an a definitive agreement (“Business Agreement”) with __________________ (a “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx JPMorgan Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account Trust Account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from it and EarlyBirdCapital, Inc. with respect to the transfer of the funds held in the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, BISON CAPITAL ACQUISITION CORP. By: Xxxxx XxxName: Title: And AGREED TO AND ACKNOWLEDGED BY EARLYBIRDCAPITAL, Chairman of the Board ByINC. Name: Xxxxxxx Xx, Secretary ccTitle: Lazard Capital Markets LLC Date: Continental Stock Transfer & Trust Company 00 Xxxxxxx 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx, Xxxx Xxxx and Xxxxxxx Xxxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (Bison Capital Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Boxwood Merger Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2018 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance (or such shorter time as you may agree) of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation DateDate (including as directed to it by the Representatives on behalf of the Underwriters (with respect to the Deferred Discount)). It is acknowledged and agreed that while the funds are on deposit in the trust checking account at [__________] awaiting distribution, none of the Underwriters or the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount directly to the account or accounts directed by the Representatives from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Boxwood Merger Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Boxwood Merger Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Boulevard Acquisition Corp. II (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________September 21, 2011 2015 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) written instructions instruction signed by the Company with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Boulevard Acquisition Corp. II By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx X. Xxxxxx or Xxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (Boulevard Acquisition Corp. Ii)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Asia Select Acquisition I Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________, 2011 2008 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate commence liquidation of the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCASIA SELECT ACQUISITION I CORP. By: Xxxxx XxxMxxxxxx X. Xxxxx, Chairman of the Board Chief Executive Officer By: Xxxxxxx XxMin Kxxxx, Secretary cc: Lazard Capital Markets LLC EarlyBirdCapital, Inc. Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Asia Select Acquisition I Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Boulevard Acquisition Corp. II (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2015 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and Citigroup Global Markets Inc. with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Boulevard Acquisition Corp. II By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx X. Xxxxxx or Xxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (Boulevard Acquisition Corp. Ii)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. National Energy Services Reunited Corp. (“Company”) and Continental Stock Transfer & Computershare Trust Company Company, N.A. (“Trustee”), dated as of _________, 2011 2017 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank __________ to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from it and _____ with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, NATIONAL ENERGY SERVICES REUNITED CORP. By: Xxxxx Xxx, Chairman of the Board MAXIM GROUP LLC By: Xxxxxxx XxComputershare Trust Company, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx N.A. 400 Xxxxxxxxxx Xxxxxxxxx Xxxxxx Xxxx, Xxx Xxxx XX 00000 Attn:: [ ]

Appears in 1 contract

Samples: Investment Management Trust Agreement (National Energy Services Reunited Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. CleanTech Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [______________], 2011 2021 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with [__________________ _] (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on [__________ _] and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank [●] to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust operating account at JPMorgan Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of [__________________], which verifies the vote of the Company’s stockholders shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and Chardan Capital Markets LLC with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's ’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, CLEANTECH ACQUISITION CORP. By: Xxxxx Xxx[●], Chairman of the Board Chief Executive Officer By: Xxxxxxx Xx[●], Secretary cc: Lazard Chardan Capital Markets Markets, LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx X.X. 00000 Attn:: Xxxxxxx Xxxx and Xxxxxxx Xxxxxxxx

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Cxxxxxxxx Capital Corp (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2018 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust operating account at XX Xxxxxx JPMorgan Chase Bank Bank, N.A., to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation DateDate (including as directed to it by the Underwriter) (with respect to the Deferred Discount). It is acknowledged and agreed that while the funds are on deposit in the trust operating account at JPMorgan Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) a joint written instructions instruction signed by the Company and the Underwriter with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to public stockholders who have properly exercised their redemptions rights and payment of amounts of the Deferred Discount to the underwriter from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticesuch written instruction as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx 1 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx XX 00000 Attn:: Fxxxxxx X. Xxxx, Xx. and Cxxxxxx Xxxxxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (Churchill Capital Corp)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. MedWorth Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________June 26, 2011 2013 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank UBS Financial Services Inc. to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account Trust Account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated consummated, or will, concurrently with your transfer of funds to the accounts as directed by the Company be consummated, and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by the vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions from it and EarlyBirdCapital, Inc. with respect to the transfer of the funds held in the Trust Account, including payment of the Investment Banking Fee from the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the CompanyCompany or be distributed immediately and the penalty incurred. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, MEDWORTH ACQUISITION CORP. By: Xxxxx Xxx, Chairman of the Board :________________________________ By: Xxxxxxx Xx, Secretary :________________________________ cc: Lazard Capital Markets LLC EarlyBirdCapital, Inc. Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx Xxxxxx and Fxxxx XxXxxxx

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Xxxxxxx Park Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2011 2016 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Xxxxx Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company, Deutsche Bank Securities Inc. and Xxxxxxx, Xxxxx & Co. with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Xxxxxxx Park Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Conyers Park Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Trio Merger Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________June 21, 2011 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________ and to transfer the proceeds to the above-referenced account at XX Xxxxxx Chase Bank to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and (b) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. CHINA REOURCES DEVELOPMENT INCVery truly yours, TRIO MERGER CORP. By: Xxxxx XxxXxxx X. Xxxxxxxxx, Chairman of the Board By: Xxxxxxx XxXxxxx X. Xxxx, Secretary cc: Lazard Capital Markets LLC EarlyBirdCapital, Inc. Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Xxxxxx Xxxxxx and Xxxxx XxXxxxx

Appears in 1 contract

Samples: Investment Management Trust Agreement (Trio Merger Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Silver Eagle Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [___________], 2011 2013 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX JX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Deutsche Bank Securities Inc. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been is in the process of being consummated (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies written instruction signed by the vote of the Company’s stockholders in connection with the Business Combination if a vote is held Company and (b) written instructions Deutsche Bank Securities Inc. with respect to the transfer of the funds held in the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Silver Eagle Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Markets LLC Deutsche Bank Securities Inc. Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx X. Xxxxxx or Fxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (Silver Eagle Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. GP Investments Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of _________May 19, 2011 2015 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”) to consummate a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Citibank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust checking account at Citibank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination shareholders, if a vote is held and (b) joint written instructions instruction signed by the Company and [●] with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, GP Investments Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary Title: cc: Lazard Capital Citigroup Global Markets LLC Inc. Continental Stock Transfer & Trust Company 00 10 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn:: Sxxxxx X. Xxxxxx or Fxxxx Di Paolo

Appears in 1 contract

Samples: Investment Management Trust Agreement (GP Investments Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Federal Street Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________July 18, 2011 2017 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to into the above-referenced trust checking account at XX Xxxxxx Chase Bank Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation DateDate (including as directed to it by the Representatives on behalf of the Underwriters (with respect to the Deferred Discount)). It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the President, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and Citigroup Global Markets Inc. and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated with respect to the transfer of the funds held in the Trust Account, including payment of amounts owned to public stockholders who have properly exercised their redemption rights and payment of the Deferred Discount to the Representatives from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Federal Street Acquisition Corp. By: Xxxxx Xxx, Chairman of the Board ByName: Xxxxxxx Xx, Secretary cc: Lazard Capital Markets LLC Continental Stock Transfer & Trust Company 00 Xxxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 AttnTitle:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Federal Street Acquisition Corp.)

Termination Letter. Gentlemen: Pursuant to paragraph Section 1(i) of the Investment Management Trust Agreement between China Resources Development Inc. Legacy Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [_________], 2011 2017 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (“Business Agreement”) with __________________ (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least 48 forty-eight (48) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account investments on __________ [insert date], and to transfer the proceeds to a segregated account held by you on behalf of the above-referenced account at XX Xxxxxx Chase Bank Beneficiaries to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation DateDate (including as directed to it by the Representatives on behalf of the Underwriters (with respect to the Deferred Discount)). It is acknowledged and agreed that while the funds are on deposit in the trust checking account at XX Xxxxxx Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders in connection with the Business Combination stockholders, if a vote is held and (b) joint written instructions instruction signed by the Company and the Representatives with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to public stockholders who have properly exercised their redemption rights and payment of the Deferred Discount to the Representatives from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds in funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account pursuant to the terms hereofAccount, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in the noticenotice as soon thereafter as possible. CHINA REOURCES DEVELOPMENT INC. Very truly yours, Legacy Acquisition Corp. By: Name: Title: Xxxxx XxxFargo Securities, Chairman of the Board LLC By: Xxxxxxx XxName: Title: Cantor Xxxxxxxxxx & Co. By: Name: Title: Xxxxxx, Secretary ccXxxxxxxx & Company, Incorporated By: Lazard Capital Markets LLC Name: Title: Continental Stock Transfer & Trust Company 00 Xxxxxxx 0 Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 XX 00000-0000 Attn:: Xxxxxx X. Xxxxxx and Xxxxxxx Xxxxxx

Appears in 1 contract

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

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