Common use of Trust Account Proceeds Clause in Contracts

Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company, all as more fully described in the Prospectus.

Appears in 65 contracts

Samples: Underwriting Agreement (GigCapital7 Corp.), Underwriting Agreement (GigCapital7 Corp.), Underwriting Agreement (RF Acquisition Corp.)

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Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the CompanyCompany and for working capital purposes, all as more fully described in the Prospectus.

Appears in 4 contracts

Samples: Underwriting Agreement (CM Seven Star Acquisition Corp), Underwriting Agreement (CM Seven Star Acquisition Corp), Underwriting Agreement (CM Seven Star Acquisition Corp)

Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any income taxes or other taxes incurred by the CompanyCompany as a result of assets of the Company or interest or other income earned on the Trust Account and to fund up to $100,000 of liquidation expenses, all as more fully described in the Prospectus.

Appears in 3 contracts

Samples: Underwriting Agreement (Union Acquisition Corp.), Underwriting Agreement (Union Acquisition Corp.), Underwriting Agreement (Union Acquisition Corp.)

Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company, all as more fully described in the ProspectusRegistration Statement.

Appears in 2 contracts

Samples: Underwriting Agreement (Yotta Acquisition Corp), Underwriting Agreement (Yotta Acquisition Corp)

Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any income taxes or other taxes incurred by the CompanyCompany and to fund up to $50,000 of liquidation expenses, all as more fully described in the Prospectus.

Appears in 2 contracts

Samples: Underwriting Agreement (Black Ridge Acquisition Corp.), Underwriting Agreement (Black Ridge Acquisition Corp.)

Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the CompanyCompany and to fund up to $100,000 of liquidation expenses, all as more fully described in the Prospectus.

Appears in 1 contract

Samples: Underwriting Agreement (Forum Merger Corp)

Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company and to fund up to $600,000 of the Company’s working capital requirements (including liquidation expenses), all as more fully described in the Prospectus.. [●], 2017

Appears in 1 contract

Samples: Underwriting Agreement (Forum Merger Corp)

Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any franchise or income taxes incurred by the Company, all as more fully described in the Prospectus.. July 27, 2017

Appears in 1 contract

Samples: Underwriting Agreement (PENSARE ACQUISITION Corp)

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Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any franchise or income taxes incurred by the Company, all as more fully described in the Prospectus.. [_____], 2017

Appears in 1 contract

Samples: Underwriting Agreement (PENSARE ACQUISITION Corp)

Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any income taxes or other taxes incurred by the Company, all as more fully described in the Prospectus.

Appears in 1 contract

Samples: Underwriting Agreement (Opes Acquisition Corp.)

Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any franchise or income taxes incurred by the Company, all as more fully described in the Prospectus.. 2. Representations and Warranties of the Company. The Company represents and warrants to the Underwriters as follows:

Appears in 1 contract

Samples: Underwriting Agreement (Graf Industrial Corp.)

Trust Account Proceeds. Interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any franchise or income taxes incurred by the Company, all as more fully described in the Prospectus.

Appears in 1 contract

Samples: Underwriting Agreement (Graf Industrial Corp.)

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