Series C+ Investment; Note Conversion. (i) The investment in the Series C+ Preferred Shares of the Borrower under the Subscription Agreement among the Borrower, IDCV MERQUEO FUEL K/S and the other parties thereto dated as of October 25, 2021 has been consummated in all material respects in accordance with its terms, with aggregate proceeds received by the Borrower equal to at least thirty-six million two hundred fifty thousand Dollars ($36,250,000); and (ii) the Borrower does not have any convertible instruments outstanding.
Appears in 4 contracts
Samples: Loan Agreement (Merqueo Holdings), Loan Agreement (Merqueo Holdings), Loan Agreement (Merqueo Holdings)
