Common use of Accordion Clause in Contracts

Accordion. Subject to clause 2.5 (Conditions) and the Borrower’s written request, the Lender may (but is not obliged to) agree to provide additional funding (the Accordion) to the Borrower (or as the Parties may otherwise agree) in the principal amount of up to USD 49,000,000 (forty nine million) to be provided: (a) by the Lender to the Borrower (or as the Parties otherwise agree) in one (1) or several instalments (for the avoidance of doubt, this clause shall not limit the number of such instalments) as the Parties may agree in writing or, if so agreed between the Parties in writing, in which case clause 2.3(e) shall apply mutatis mutandis; and (b) subject to the Parties agreeing the business plan of the Borrower.

Appears in 5 contracts

Samples: Loan Agreement (Lottery.com Inc.), Loan Agreement (Lottery.com Inc.), Loan Agreement (Lottery.com Inc.)

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