SEPA. During each week from and after the effectiveness of the SEPA Registration Statement until the Loans are paid in full, Holdings and the Borrowers shall (a) cause Rubicon Technologies, Inc. to (i) deliver notice to the SEPA Purchaser pursuant to and in accordance with the terms prescribed in Section 2.01 of the SEPA and (ii) to otherwise use reasonable best efforts to ensure that Rubicon Technologies, Inc. satisfies all conditions precedent set forth in Section 7.01 of the SEPA, in each case, in order to cause the SEPA Purchaser to purchase the maximum amount of equity interests of Rubicon Technologies, Inc. that may then be issued in accordance with the SEPA, and (b) cause Rubicon Technologies, Inc. to contribute to the Borrowers the Net Proceeds of such purchase and issuance of equity interests. After the effectiveness of the SEPA Registration Statement, on the first Business Day of each week, the Borrower Representative shall deliver to the Agent a certificate, duly executed by an authorized officer of the Borrower Representative, setting forth a reasonably detailed calculation of the maximum amount of equity interests that may be purchased by the SEPA Purchaser during such week pursuant to the SEPA.
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Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)
SEPA. During each week from and after the effectiveness of the SEPA Registration Statement until the Loans are paid in full, Holdings and the Borrowers shall (a) cause Rubicon Technologies, Inc. to (i) deliver notice to the SEPA Purchaser pursuant to and in accordance with the terms prescribed in Section 2.01 of the SEPA and (ii) to otherwise use reasonable best efforts to ensure that Rubicon Technologies, Inc. satisfies all conditions precedent set forth in Section 7.01 of the SEPA, in each case, in order to cause the SEPA Purchaser to purchase the maximum amount of equity interests of Rubicon Technologies, Inc. that may then be issued in accordance with the SEPA, and (b) cause Rubicon Technologies, Inc. to contribute to the Borrowers the Net Proceeds of such purchase and issuance of equity interests. After the effectiveness of the SEPA Registration StatementS-1 Trigger Date, on the first Business Day of each week, the Borrower Representative shall deliver to the Agent a certificate, duly executed by an authorized officer of the Borrower Representative, setting forth a reasonably detailed calculation of the maximum amount of equity interests that may be purchased by the SEPA Purchaser during such week pursuant to the SEPA.
Appears in 1 contract
Samples: Loan and Security Agreement (Rubicon Technologies, Inc.)