Repayment Upon De-SPAC Closing. In the event the De-SPAC Closing occurs, the Sponsor shall repay the principal amount of the Loan in cash to the Investor within five (5) days of the De-SPAC Closing. In addition, Target shall pay Investor a one-time cash payment of $________ as a financial benefit charge. For clarity, the total amount repaid to the Investor shall be $________ (equal to the principal plus the $________ payment).
Appears in 2 contracts
Samples: Loan and Transfer Agreement (TortoiseEcofin Acquisition Corp. III), Loan and Transfer Agreement (TortoiseEcofin Acquisition Corp. III)
Repayment Upon De-SPAC Closing. In the event the De-SPAC Closing occurs, the Sponsor shall repay the principal amount of the Loan in cash to the Investor within five (5) days of the De-SPAC Closing. In addition, Target shall pay Investor a one-time cash payment of $________ as a financial benefit charge. For clarity, the total amount repaid to the Investor shall be $________ (equal to the principal plus the $________ payment).
Appears in 1 contract
Samples: Loan and Transfer Agreement (TortoiseEcofin Acquisition Corp. III)
Repayment Upon De-SPAC Closing. In the event the De-SPAC Closing occurs, the Sponsor shall repay the principal amount of the Loan in cash to the Investor within five (5) days of the De-SPAC Closing. In addition, Target shall pay Investor a one-time cash payment of $________ as a financial benefit charge. For clarity, the total amount repaid to the Investor shall be $________ (equal to the principal plus the $________ payment).
Appears in 1 contract
Samples: Loan and Transfer Agreement (TortoiseEcofin Acquisition Corp. III)
