Common use of Pre-Advance Loans Clause in Contracts

Pre-Advance Loans. Subject to the mutual consent of the parties, from time to time, the Company may request, and the Investor shall provide, a pre-advance loan (“Pre-Advance Loan”) in the principal amount not to exceed $20,000,000, pursuant to a convertible promissory note to be issued by the Company or a pre-paid advance agreement between the parties, on terms and conditions to be agreed by the parties.

Appears in 1 contract

Samples: Equity Purchase Agreement (10X Capital Venture Acquisition Corp. III)

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Pre-Advance Loans. Subject to the mutual consent of the parties, from time to time, the Company may request, and the Investor shall provide, a pre-advance loan (“Pre-Advance Loan”) from the Investor in the principal amount not to exceed $20,000,00050,000,000, pursuant to a convertible promissory note to be issued by in the Company or a pre-paid advance agreement between the partiesform attached hereto as Exhibit C, on terms and conditions to be agreed by the parties.

Appears in 1 contract

Samples: Equity Purchase Agreement (Virgin Orbit Holdings, Inc.)

Pre-Advance Loans. Subject to the mutual consent of the parties, from time to time, the Company may request, and the Investor shall provide, a pre-advance loan (“Pre-Advance Loan”) in the principal amount not to exceed $20,000,00010,000,000, pursuant to a convertible promissory note to be issued by the Company or a pre-paid advance agreement between the partiesCompany, on terms and conditions to be agreed by the parties.

Appears in 1 contract

Samples: Equity Purchase Agreement (10X Capital Venture Acquisition Corp. II)

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Pre-Advance Loans. Subject to the mutual consent of the parties, from time to time, the Company may request, and the Investor shall provide, a pre-advance loan (“Pre-Advance Loan”) loans from the Investor in the aggregate principal amount not to exceed $20,000,00050,000,000 per loan, pursuant to a convertible promissory note to be issued by in the Company or a pre-paid advance agreement between the partiesform attached hereto as Exhibit C, on terms and conditions to be agreed by the parties.

Appears in 1 contract

Samples: Equity Purchase Agreement (Eos Energy Enterprises, Inc.)

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