Examples of Investment Management Trust Agreement in a sentence
The Investment Management Trust Agreement is valid and in full force and effect and enforceable in accordance with its terms and has not been amended or modified.
Except as set forth on Schedule 5.8, Four Leaf has performed all material obligations required to be performed by it to date under, and is not in material default or delinquent in performance or any other respect (claimed or actual) in connection with the Investment Management Trust Agreement, and, to the knowledge of Four Leaf, no event has occurred which, with due notice or lapse of time or both, would constitute such a material default thereunder.
The Warrant Agent has no right of set-off or any other right, title, interest or claim of any kind (“Claim”) in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date hereof, by and between the Company and the Warrant Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.
As of the Signing Date, Four Leaf has at least $29,937,074.18 in the trust fund established by Four Leaf for the benefit of its public shareholders (the “Trust Fund”) in a United States-based account at JX Xxxxxx Cxxxx Bank, N.A., maintained by Trustee, in its capacity as trustee (the “Trust Account”), and such monies are invested in “government securities” (as such term is defined in the Investment Company Act) and held in trust by the Trustee pursuant to the Investment Management Trust Agreement.
Prior to the Closing, none of the funds held in the Trust Account are permitted to be released, except in the circumstances described in the Organizational Documents of Four Leaf and the Investment Management Trust Agreement.
Except as set forth on Schedule 5.8, Four Leaf has not released any money from the Trust Account (other than interest income earned on the funds held in the Trust Account as permitted by the Investment Management Trust Agreement).
Pubco, Merger Sub 1 and Merger Sub 2 have read the Prospectus and understand that Four Leaf has established the Trust Account for the benefit of the public stockholders of Four Leaf and the underwriters of the IPO pursuant to the Investment Management Trust Agreement and that, except for a portion of the interest earned on the amounts held in the Trust Account, disbursements of monies from the Trust Account are available only for the purposes set forth in the Investment Management Trust Agreement.
Upon the consummation of the Transactions, Four Leaf shall have no further obligation under either the Investment Management Trust Agreement or its Organizational Documents to liquidate or distribute any assets held in the Trust Account, and the Investment Management Trust Agreement shall terminate in accordance with its terms.
Except as otherwise expressly provided in the Investment Management Trust Agreement, Four Leaf shall not agree to, or permit, any amendment or modification of, or waiver under, the Investment Management Trust Agreement without the prior written consent of Pubco.