Common use of Parent Borrowings Clause in Contracts

Parent Borrowings. Through the Closing, Parent shall be allowed to borrow funds from its directors, officers and/or stockholders to meet its reasonable capital requirements, with any such loans to be made only as reasonably required by the operation of Parent in due course on a non-interest bearing basis and repayable at Closing. The proceeds of such loans shall not be used for the payment of salaries, bonuses or other compensation to any of Parent’s directors, officers or stockholders.

Parent Borrowings. Through the Closing, Parent shall be allowed to borrow funds from its directors, officers officers, shareholders and/or stockholders their respective affiliates to meet its reasonable capital requirements, with any such loans to be made only as reasonably required by the operation of Parent in due course on a non-interest bearing basis and repayable at ClosingClosing (or convertible into Parent Warrants in accordance with the terms of the promissory notes issued to evidence the borrowing). The proceeds of such loans shall not be used for the payment of salaries, bonuses or other compensation to any of Parent’s directors, officers or stockholdersshareholders.

Parent Borrowings. Through the Closing, Parent shall be allowed to borrow funds from its directors, officers and/or stockholders shareholders to meet its reasonable capital requirements, with any such loans to be made only as reasonably required by the operation of Parent in due course on a non-interest bearing basis and repayable at Closing. The proceeds Closing (or convertible into securities of Parent at the Closing in accordance with the terms of the promissory notes issued to evidence the borrowing, which such loans shall not be used for terms have been set forth in the payment of salaries, bonuses or other compensation to any of Parent’s directors, officers or stockholdersFinal Prospectus).

Parent Borrowings. Through the Closing, Parent shall be allowed to borrow funds from its directors, officers and/or stockholders to meet its reasonable capital requirements, with any such loans to be made only as reasonably required by the operation of Parent in due course on a non-interest bearing basis and repayable at ClosingClosing (or convertible into Parent Warrants in accordance with the terms of the promissory notes issued to evidence the borrowing). The proceeds of such loans shall not be used for the payment of salaries, bonuses or other compensation to any of Parent’s directors, officers or stockholders.

Parent Borrowings. Through the Closing, Parent shall be allowed to borrow funds from its directors, officers and/or stockholders shareholders to meet its reasonable capital requirements, with any such loans to be made only as reasonably required by the operation of Parent in due course on a non-interest bearing basis and repayable at Closing. The proceeds Closing (or convertible into units of such loans shall not be used for Parent (at a price per unit equal to $10.00) in accordance with the payment terms of salariesthe promissory notes issued to evidence the borrowing, bonuses or other compensation to any of Parent’s directors, officers or stockholdersas described in the Final Prospectus).

Parent Borrowings. Through the Closing, Parent shall shall, with the consent of the Company (the Company’s consent not to be unreasonably withheld, conditioned, or delayed), be allowed to borrow funds from its directors, officers and/or stockholders to meet its reasonable capital requirements, with any such loans to be made only as reasonably required by the operation of Parent in due course on a non-interest bearing basis and repayable in cash at Closing. The proceeds of such loans shall not be used for Closing (the payment of salaries, bonuses or other compensation to any of Parent’s directors, officers or stockholders“Parent Borrowings”).

Parent Borrowings. Through the Closing, Parent shall be allowed to borrow funds from the Sponsor, its directors, officers officers, and/or stockholders to meet its reasonable capital requirementsrequirements (“Parent Borrowings”), with any such loans Parent Borrowings to be made only as reasonably required by the operation of Parent in due course on a non-interest bearing basis and otherwise on arm’s length terms and conditions and repayable at Closing. The proceeds Closing (or convertible into securities of such loans shall not be used for Parent in accordance with the payment terms of salariesthe promissory notes issued to evidence the borrowing, bonuses or other compensation to any of Parent’s directors, officers or stockholderswhich terms have been set forth in the Final Prospectus).

Parent Borrowings. Through the Closing, Parent shall be allowed to borrow funds from its directors, officers and/or stockholders to meet its reasonable capital requirements, with any such loans to be made only as reasonably required by the operation of Parent in due course on a non-interest bearing basis and repayable in cash at Closing. The proceeds of such loans shall not be used for Closing (the payment of salaries, bonuses or other compensation to any of Parent’s directors, officers or stockholders“Parent Borrowings”).

Parent Borrowings. Through the Closing, Parent shall be allowed to borrow funds from its directors, officers officers, and/or stockholders to meet its reasonable capital requirements, with any such loans to be made only as reasonably required by the operation of Parent in due course on a non-interest bearing basis and repayable at Closing. The proceeds Closing (or convertible into securities of such loans shall not be used for Parent in accordance with the payment terms of salaries, bonuses or other compensation the promissory notes issued to any of Parent’s directors, officers or stockholdersevidence the borrowing).