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 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. EarlyBirdCapital, Inc. [●], 2017

Appears in 1 contract

Samples: Underwriting Agreement (Forum Merger 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 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. EarlyBirdCapital, Inc. [●]June 5, 20172019

Appears in 1 contract

Samples: Underwriting Agreement (GigCapital2, Inc.)

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 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. EarlyBirdCapital, Inc. [●]October 15, 20172018 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 income taxes or other 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. EarlyBirdCapital, Inc. [●]__________, 20172018 Page 6 of 42

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 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. EarlyBirdCapital, Inc. [●]_____, 20172018

Appears in 1 contract

Samples: Underwriting Agreement (Graf Industrial 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 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. EarlyBirdCapital, Inc. [●]July 27, 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 franchise or income 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. EarlyBirdCapital, Inc. [_____], 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 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. EarlyBirdCapital, Inc. [●]March 13, 20172018

Appears in 1 contract

Samples: Underwriting Agreement (Opes Acquisition Corp.)

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