Common use of Withdrawal of Assets from the Trust Account Clause in Contracts

Withdrawal of Assets from the Trust Account. (a) The Beneficiary shall have the right, at any time and from time to time, to withdraw from the Trust Account, upon written notice to the Trustee with a copy to the Grantor (the “Withdrawal Notice”), such Assets as are specified in such Withdrawal Notice. The Withdrawal Notice shall designate a Party or third party (the “Designee”) to whom the Assets specified therein shall be delivered. The Beneficiary need present no statement or other document in addition to a Withdrawal Notice in order to withdraw any Assets, nor is said right of withdrawal or any other provision of this Agreement subject to any conditions or qualifications not contained in this Agreement; provided, however, that subsequent to any withdrawal, upon the Grantor’s written request, the Beneficiary shall furnish the Grantor with an explanation and reasonably specific supporting documentation for such withdrawal.

Withdrawal of Assets from the Trust Account. (a) The Without notice to the Grantor, the Beneficiary shall have the right, at any time and from time to time, to withdraw from the Trust Account, upon written notice to the Trustee with a copy to the Grantor (the “Withdrawal Notice”), such Assets as are specified in such Withdrawal Notice. The Withdrawal Notice shall may designate a Party or third party (the “Designee”) to whom the Assets specified therein shall be delivereddelivered and may condition delivery of such Assets to such Designee upon receipt, and deposit to the Trust Account, of other Assets specified in such Withdrawal Notice. The Beneficiary need present no statement or other document in addition to a Withdrawal Notice in order to withdraw any Assets, except that the Beneficiary shall be required to acknowledge in writing to the Grantor receipt of withdrawn Assets; nor is said right of withdrawal or any other provision of this Agreement subject to any conditions or qualifications not contained in this Agreement; provided, however, that subsequent to any withdrawal, upon the Grantor’s written request, the Beneficiary shall furnish the Grantor with an explanation and reasonably specific supporting documentation for such withdrawal.

Withdrawal of Assets from the Trust Account. (a) The Beneficiary shall have the right, at any time and from time to time, to withdraw from the Trust Account, upon written notice to the Trustee with a copy to the Grantor (the “"Withdrawal Notice”"), such Assets as are specified in such Withdrawal Notice. The Withdrawal Notice shall may designate a Party or third party (the “"Designee”") to whom the Assets specified therein shall be delivered. The Beneficiary need present no statement or other document in addition to a Withdrawal Notice in order to withdraw any Assets, nor is said right of withdrawal or any other provision of this Agreement subject to any conditions or qualifications not contained in this Agreement; provided, however, that subsequent to any withdrawal, upon the Grantor’s 's written request, the Beneficiary shall furnish the Grantor with an explanation and reasonably specific supporting documentation for such withdrawal.