Terms of SPAC Loan. Sponsor shall pay to the Investor all repayments of the SPAC Loan that Sponsor has received from SPAC within five (5) business days of the De-SPAC Closing. Subject to Section 3.3, SPAC and Sponsor shall be jointly and severally obligated for such payment.
Appears in 4 contracts
Samples: Loan and Transfer Agreement (TortoiseEcofin Acquisition Corp. III), Loan and Transfer Agreement (TortoiseEcofin Acquisition Corp. III), Loan and Transfer Agreement (TortoiseEcofin Acquisition Corp. III)