Common use of Termination Letter Clause in Contracts

Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between Cazador Acquisition Corporation Ltd. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of ___________, 2010 (“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 Articles of Association, 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 commence liquidation of the Trust Account as promptly as practicable to shareholders of record on the Last Date (as defined in the Trust Agreement). You will notify the Company in writing as to when all of the funds in the Trust Account will be available for immediate transfer (“Transfer Date”) in accordance with the terms of the Trust Agreement and the Articles of Association of the Company. You shall commence distribution of such funds in accordance with the terms of the Trust Agreement and the Articles of Association of the Company and you shall oversee the distribution of the funds. Upon the distribution of all the funds in the Trust Account, your obligations under the Trust Agreement shall be terminated.

Appears in 2 contracts

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

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Termination Letter. Gentlemen: Pursuant to paragraph 1(i1(h) of the Investment Management Trust Agreement between Cazador GSME Acquisition Corporation Ltd. Partners I (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of ___________, 2010 2009 (“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 Memorandum and Articles of Association, as described in the Company’s prospectus relating to its IPO. In accordance with the terms of the Trust AgreementAgree­ment, we hereby authorize you you, to commence liquidation of the Trust Account as promptly as practicable to shareholders of record on the Last Date (as defined in the Trust Agreement). You will notify the Company in writing as to when all of the funds in the Trust Account will be available for immediate transfer (“Transfer Date”) in accordance with the terms of the Trust Agreement and the Memorandum and Articles of Association of the Company. You shall commence distribution of such funds in accordance with the terms of the Trust Agreement and the Articles of Association written instructions from the Company attached hereto directing distribution of the Company funds held in the Trust Account and you shall oversee the distribution of the such funds. Upon the distribution of all the funds in the Trust Account, your obligations under the Trust Agreement shall be terminated.. Very truly yours, GSME ACQUISITION PARTNERS I By: Xxxx Xxxx Gao, Chairman of the Board By:

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to paragraph 1(i1(h) of the Investment Management Trust Agreement between Cazador GSME Acquisition Corporation Ltd. Partners I (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of ___________, 2010 2009 (“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 Memorandum and Articles of Association, as described in the Company’s prospectus relating to its IPO. In accordance with the terms of the Trust Agreement, we hereby authorize you you, to commence liquidation of the Trust Account as promptly as practicable to shareholders stockholders of record on the Last Date (as defined in the Trust Agreement). You will notify the Company in writing as to when all of the funds in the Trust Account will be available for immediate transfer (“Transfer Date”) in accordance with the terms of the Trust Agreement and the Memorandum and Articles of Association of the Company. You shall commence distribution of such funds in accordance with the terms of the Trust Agreement and the Articles of Association written instructions from the Company attached hereto directing distribution of the Company funds held in the Trust Account and you shall oversee the distribution of the such funds. Upon the distribution of all the funds in the Trust Account, your obligations under the Trust Agreement shall be terminated.. Very truly yours, GSME ACQUISITION PARTNERS I By: Xxxx Xxxx Gao, Chairman of the Board By:

Appears in 1 contract

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

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Termination Letter. Gentlemen: Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between Cazador Acquisition Corporation Ltd. Grail Investment Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________________, 2010 2008 (the “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 Articles Certificate of AssociationIncorporation, as described in the Company’s prospectus relating to its IPO. In accordance with the terms of the Trust Agreement, we hereby authorize you you, to commence liquidation of the Trust Account as promptly as practicable to shareholders stockholders of record on the Last Date (as defined in the Trust Agreement). You will notify the Company in writing as to when all of the funds in the Trust Account will be available for immediate transfer (the “Transfer Date”) in accordance with the terms of the Trust Agreement and the Articles Amended and Restated Certificate of Association Incorporation of the Company. You shall commence distribution of such funds in accordance with the terms of the Trust Agreement and the Articles Certificate of Association Incorporation of the Company and you shall oversee the distribution of the funds. Upon the distribution of all the funds in the Trust Account, your obligations under the Trust Agreement shall be terminated.. Very truly yours, GRAIL INVESTMENT CORP. By: Xxxx X. Xxxxxxxxx, President and Chief Executive Officer By:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Grail Investment Corp.)

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