Common use of First Funding Event Clause in Contracts

First Funding Event. On or prior to the third Business Day following the closing of the Merger Transaction, subject to the terms and conditions of this Agreement, the Note Obligors shall request, as set forth in Section 1(e), and the Investors shall purchase Notes issued by the Note Obligors in a principal amount equal to not less than 65% and up to 100% of the aggregate Commitments at a Funding Event (the “First Funding Event”) on the date specified in the Funding Notice by the Note Obligors.

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Gores Metropoulos II, Inc.), Omnibus Amendment (Sonder Holdings Inc.), Note and Warrant Purchase Agreement (Sonder Holdings Inc.)

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First Funding Event. On or prior to the third Business Day following the closing of the Merger Transaction, subject to the terms and conditions of this Agreement, the Note Obligors shall request, as set forth in Section 1(e1(f), and the Investors shall purchase Notes issued by the Note Obligors in a principal amount equal to not less than 65% and up to 100% of the aggregate Commitments at a Funding Event (the “First Funding Event”) on the date specified in the Funding Notice by the Note Obligors.

Appears in 2 contracts

Samples: Fifth Amendment (Sonder Holdings Inc.), Fourth Amendment (Sonder Holdings Inc.)

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First Funding Event. On or prior to the third Business Day following the closing of the Merger Transaction, subject to the terms and conditions of this Agreement, the Note Obligors shall request, as set forth in Section 1(e1(ef), and the Investors shall purchase Notes issued by the Note Obligors in a principal amount equal to not less than 65% and up to 100% of the aggregate Commitments at a Funding Event (the “First Funding Event”) on the date specified in the Funding Notice by the Note Obligors.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Sonder Holdings Inc.)

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