Common use of Termination Letter Clause in Contracts

Termination Letter. Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx Acquisition (the “Company”) and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of [ ] , 20[ ] (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 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 , 2021 and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public Shareholders. The Company has selected [ * ]1 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, 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, TenX Kxxxx Acquisition By: Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairman

Appears in 5 contracts

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

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Termination Letter. Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx TMT Acquisition Corp (the “Company”) and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of [ ] ], 20[ ] (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 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 [ ], 2021 20[ ] and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public Shareholders. The Company has selected [ * ]1 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, 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, TenX Kxxxx TMT Acquisition Corp By: Name: Xxxxxxxx Xxxx Dxxxxxx Xxx Title: Chief Executive Officer and ChairmanOfficer

Appears in 2 contracts

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

Termination Letter. Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx Proficient Alpha Acquisition Corp. (the “Company”) and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of [ ] , 20[ ] 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 Memorandum and Articles of AssociationIncorporation, 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 , 2021 20[ * ] and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public ShareholdersStockholders. The Company has selected [ * ]1 [1] as the record date for the purpose of determining the Public Shareholders 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 Public Shareholders Stockholders in accordance with the terms of the Trust Agreement and the Amended and Restated Memorandum and Articles of Association 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, TenX Kxxxx Proficient Alpha Acquisition Corp. By: Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairmancc: I-Bankers Securities Inc.

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 Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx Silver Eagle Acquisition Corp. (the “Company”) and American Continental Stock Transfer & Trust Company, LLC Company (the “Trustee”), dated as of [ ] [_________], 20[ ] 2013 (the “Trust Agreement”), this is to advise you that the Company has been unable to effect a business combination with a Target Business (“Business Combination”) within the time frame specified in the Company’s Amended and Restated Memorandum and Articles Certificate of AssociationIncorporation, 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 ____________, 2021 20___ and to transfer the total proceeds into a segregated the trust checking account held by you on behalf of the Beneficiaries at JX Xxxxxx Chase Bank, N.A. to await distribution to the Public ShareholdersStockholders. The Company has selected [ * [_____________]1 3 as the record date for the purpose of determining the Public Shareholders 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 Public Shareholders Stockholders in accordance with the terms of the Trust Agreement and the Amended and Restated Memorandum and Articles Certificate of Association 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(i1(j) of the Trust Agreement. Very truly yours, TenX Kxxxx Silver Eagle Acquisition Corp. By: Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairman:

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx Acamar Partners Acquisition Corp. (the “Company”) and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of [ ] , 20[ ] 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 Memorandum and Articles Certificate of AssociationIncorporation, 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 , 2021 20[ * ] and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public ShareholdersStockholders. The Company has selected [ * ]1 [1] as the record date for the purpose of determining the Public Shareholders 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 Public Shareholders Stockholders in accordance with the terms of the Trust Agreement and the Amended and Restated Memorandum and Articles Certificate of Association 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, TenX Kxxxx Acamar Partners Acquisition Corp. By: Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairmancc: Xxxxxxx Xxxxx & Co. LLC Deutsche Bank Securities Inc.

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx Jupiter Wellness Acquisition Corp. (the “Company”) and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of [ ] __________, 20[ ] 2021 (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 Second Amended and Restated Memorandum and Articles Certificate of AssociationIncorporation, 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 ____________, 2021 202_ and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public ShareholdersStockholders. The Company has selected [ * ]1 ___________, 202_ as the record date for the purpose of determining the Public Shareholders 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 Public Shareholders Stockholders in accordance with the terms of the Trust Agreement and the Second Amended and Restated Memorandum and Articles Certificate of Association 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, TenX Kxxxx Jupiter Wellness Acquisition Corp. By: Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairmancc: I-Bankers Securities Inc.

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx Legacy Acquisition Corp. (the “Company”) and American Continental Stock Transfer & Trust Company, LLC Company (the “Trustee”), dated as of [ ] November 16, 20[ ] 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 Certificate of AssociationIncorporation, 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 , 2021 20 and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public ShareholdersStockholders. The Company has selected [ * ]1 ] as the record date for the purpose of determining the Public Shareholders 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 Public Shareholders Stockholders in accordance with the terms of the Trust Agreement and the Amended and Restated Memorandum and Articles Certificate of Association 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(i1(j) of the Trust Agreement. Very truly yours, TenX Kxxxx Legacy Acquisition Corp. By: Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairman:

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx Deep Medicine Acquisition Corp. (the “Company”) and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of [ ] October 26, 20[ ] 2021 (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 Second Amended and Restated Memorandum and Articles Certificate of AssociationIncorporation, 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 ____________, 2021 202_ and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public ShareholdersStockholders. The Company has selected [ * ]1 ___________, 202_ as the record date for the purpose of determining the Public Shareholders 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 Public Shareholders Stockholders in accordance with the terms of the Trust Agreement and the Second Amended and Restated Memorandum and Articles Certificate of Association 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, TenX Kxxxx Deep Medicine Acquisition Corp. By: Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairmancc: I-Bankers Securities Inc.

Appears in 1 contract

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

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Termination Letter. Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx Deep Medicine Acquisition Corp. (the “Company”) and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of [ ] __________, 20[ ] 2021 (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 Second Amended and Restated Memorandum and Articles Certificate of AssociationIncorporation, 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 ____________, 2021 202_ and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public ShareholdersStockholders. The Company has selected [ * ]1 ___________, 202_ as the record date for the purpose of determining the Public Shareholders 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 Public Shareholders Stockholders in accordance with the terms of the Trust Agreement and the Second Amended and Restated Memorandum and Articles Certificate of Association 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, TenX Kxxxx Deep Medicine Acquisition Corp. By: Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairmancc: I-Bankers Securities Inc.

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx Legacy Acquisition Corp. (the “Company”) and American Continental Stock Transfer & Trust Company, LLC Company (the “Trustee”), dated as of [ ] [________], 20[ ] 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 Certificate of AssociationIncorporation, 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 , 2021 20 and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public ShareholdersStockholders. The Company has selected [ * ]1 ] as the record date for the purpose of determining the Public Shareholders 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 Public Shareholders Stockholders in accordance with the terms of the Trust Agreement and the Amended and Restated Memorandum and Articles Certificate of Association 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(i1(j) of the Trust Agreement. Very truly yours, TenX Kxxxx Legacy Acquisition Corp. By: Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairman:

Appears in 1 contract

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

Termination Letter. Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx Acquisition Yunhong International (the “Company”) and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of [ ] February 12, 20[ ] 2020 (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 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 [ * ] , 2021 20[ * ] and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public Shareholders. The Company has selected [ * ]1 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, 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, TenX Kxxxx Acquisition Yunhong International By: Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairman:

Appears in 1 contract

Samples: Investment Management Trust Agreement (Yunhong International)

Termination Letter. Gentlemen: Pursuant to Section 1(i) of the Investment Management Trust Agreement between TenX Kxxxx Jupiter Wellness Acquisition Corp. (the “Company”) and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of [ ] December 6, 20[ ] 2021 (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 Second Amended and Restated Memorandum and Articles Certificate of AssociationIncorporation, 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 ____________, 2021 202_ and to transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public ShareholdersStockholders. The Company has selected [ * ]1 ___________, 202_ as the record date for the purpose of determining the Public Shareholders 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 Public Shareholders Stockholders in accordance with the terms of the Trust Agreement and the Second Amended and Restated Memorandum and Articles Certificate of Association 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, TenX Kxxxx Jupiter Wellness Acquisition Corp. By: Name: Xxxxxxxx Xxxx Title: Chief Executive Officer and Chairmancc: I-Bankers Securities Inc.

Appears in 1 contract

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

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