Trust Account Funds Sample Clauses

Trust Account Funds. 5.3.5.1 ABX shall not use Full Member’s Available Balance for the purpose of meeting financial obligations incurred by ABX, nor shall ABX permit Full Member’s Available Balance to be used to meet the trading obligations of other Full Members. Notwithstanding the above, this Clause shall be read subject to any security provision provided elsewhere in this Agreement.
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Trust Account Funds. 5.3.5.1 ABX shall not use Liquidity Provider’s Available Balance for the purpose of meeting financial obligations incurred by ABX, nor shall ABX permit Liquidity Provider’s Available Balance to be used to meet the trading obligations of other Liquidity Providers. Notwithstanding the above, this Clause shall be read subject to any security provision provided elsewhere in this Agreement.
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Trust Account Funds. 5.3.15 ABX shall not use PTM’s Available Balance for the purpose of meeting financial obligations incurred by ABX, nor shall ABX permit PTM’s Available Balance to be used to meet the trading obligations of other PTAs. Notwithstanding the above, this Clause shall be read subject to any security provision provided elsewhere in this Agreement.
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Trust Account Funds. 5.3.9 BC shall not use Customer’s Balance for the purpose of meeting financial obligations incurred by BC, nor shall BC permit Customer’s Cash Balance to be used to meet the trading obligations of other Customers. Notwithstanding the above, this Clause shall be read subject to any security provision provided elsewhere in this Agreement.
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Trust Account Funds. As of December 31, 2007, there was $60,578,650, including interest thereon, held in the trust account established in connection with Parent’s IPO (the ”Trust Account”) for use by the Parent in connection with a business combination as set forth in Parent’s Certificate of Incorporation. Amounts in the Trust Account are invested in U.S. Government securities or in money market funds meeting the conditions of Rule 2a-7 of the Investment Company Act of 1940, as amended.
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Trust Account Funds. As of July 31, 2012, there was $48,480,000, not including interest thereon, held in the trust account established in connection with Nautilus’s IPO (the “Trust Account”) for use by Nautilus in connection with a business combination as set forth in Nautilus’s Certificate of Incorporation. Amounts in the Trust Account are invested in U.S. Government securities or in money market funds meeting the conditions of Rule 2a-7 of the Investment Company Act of 1940, as amended.
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Related to Trust Account Funds

  • Trust Account Investments The Company shall cause the proceeds of the Offering and the sale of the Private Placement Warrants to be held in the Trust Account to be invested only in United States government treasury bills with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act as set forth in the Trust Agreement and disclosed in the Pricing Disclosure Package and the Prospectus. The Company will otherwise conduct its business in a manner so that it will not become subject to the Investment Company Act. Furthermore, once the Company consummates an initial Business Combination, it will not be required to register as an investment company under the Investment Company Act.

  • Trust Accounts (a) On or prior to the Closing Date, the Issuer shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee, for the benefit of the Noteholders and, to the extent set forth herein, the Certificateholder, the Collection Account as provided in Section 5.01 of the Sale and Servicing Agreement.

  • Trust Account (i) The Purchaser hereby acknowledges that it is aware that the Company will establish the Trust Account for the benefit of its public stockholders upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares held by it.

  • Trust Account Waiver The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including, without limitation, under Section 2(b) or Section 2(c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets outside the Trust Account and not against the Property or any monies in the Trust Account.

  • Collection Account (a) On the Closing Date, the Master Servicer shall open and shall thereafter maintain a segregated account held in trust (the “Collection Account”), entitled “Collection Account, Aurora Loan Services Inc., as Master Servicer, in trust for the benefit of the Holders of Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2004-10.” The Collection Account shall relate solely to the Certificates issued by the Trust Fund hereunder, and funds in such Collection Account shall not be commingled with any other monies.

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

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