Common use of Trust Disbursement Clause in Contracts

Trust Disbursement. As promptly as possible after the Effective Time, and upon the terms and subject to the conditions of this Agreement and in accordance with Pensare Certificate of Incorporation and the Trust Agreement, Pensare shall cause the Trustee to, and the Trustee shall thereupon be obligated to, distribute the proceeds of the Trust Fund to the Exchange Agent in accordance with Section 7.13 in order to consummate the Transactions.

Trust Disbursement. As promptly as possible after At the Effective Time, and upon the terms and subject to the conditions of this Agreement and in accordance with Pensare Certificate of Incorporation and the Trust Agreement, Pensare shall cause the Trustee to, and the Trustee shall thereupon be obligated to, to distribute the proceeds of the Trust Fund to the Exchange Agent in accordance with Section 7.13 as contemplated herein in order to consummate the Transactions.