Common use of Pre-Paid Advances Clause in Contracts

Pre-Paid Advances. Subject to the satisfaction of the conditions set forth in Annex II attached hereto, the Investor shall advance to the Company the principal amount of $6,500,000 (the “Pre-Paid Advance”), which shall be evidenced by convertible promissory notes in the form attached hereto as Exhibit B (each, a “Promissory Note”), and shall be advanced on the Effective Date of this Agreement (the “Pre-Advance Closing”).

Appears in 2 contracts

Samples: Equity Purchase Agreement (GameSquare Holdings, Inc.), Equity Purchase Agreement (GameSquare Holdings, Inc.)

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Pre-Paid Advances. Subject to the satisfaction of the conditions set forth in Annex II attached hereto, the Investor shall advance to the Company up to $10,000,000 of the principal amount of $6,500,000 Commitment Amount hereunder, (the “Pre-Paid Advance”), ) which shall be evidenced by a convertible promissory notes note in the form attached hereto as Exhibit B D (each, a the “Promissory Note”), and . The Pre-Paid Advance shall be in an amount of $10,000,000 and advanced on at the Effective Date closing of this Agreement the Business Combination (the “Pre-Advance Closing”).

Appears in 1 contract

Samples: Equity Purchase Agreement (GigCapital5, Inc.)

Pre-Paid Advances. Subject to the satisfaction of the conditions set forth in Annex II attached hereto, the Investor shall advance to the Company the principal amount of $6,500,000 1,500,000 (the “Pre-Paid Advance”), which shall be evidenced by a convertible promissory notes note in the form attached hereto as Exhibit B (together with any Other Note (as defined in Exhibit B), each, a “Promissory Note”), and . The Pre-Paid Advance shall be advanced on the Effective Date of this Agreement (the “Pre-Advance Closing”).

Appears in 1 contract

Samples: Equity Purchase Agreement (OneMedNet Corp)

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Pre-Paid Advances. Subject to the satisfaction of the conditions set forth in Annex II attached hereto, the Investor shall advance to the Company the principal amount of $6,500,000 3,150,000 (the “Pre-Paid Advance”), which shall be evidenced by a convertible promissory notes note in the form attached hereto as Exhibit B (each, a “Promissory Note”), and . The Pre-Paid Advance shall be advanced on the Effective Date of this Agreement (the “Pre-Advance Closing”).

Appears in 1 contract

Samples: Equity Purchase Agreement (Celularity Inc)

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