Examples of Sponsor Loan in a sentence
The Company will reserve and keep available that maximum number of its authorized but unissued securities which are issuable upon exercise of the Warrants, Placement Warrants and Sponsor Loan Warrants outstanding from time to time.
The shares of Common Stock issuable upon exercise of the Sponsor Loan Warrants have been reserved for issuance and upon the exercise of the applicable Sponsor Loan Warrants and upon payment of the consideration therefor, and when issued in accordance with the terms thereof, such shares of Common Stock will be duly and validly authorized, validly issued, fully paid and non-assessable.
Pursuant to the Sponsor Loan Note, (i) the Sponsor has waived any and all rights and claims it may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Sponsor Loan, and (ii) the proceeds from the Sponsor Loan will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on or prior to the Closing Date or the Option Closing Date, as the case may be.
The proceeds from the Sponsor Loan shall be deposited into the Trust Account.
The documentation required to release all Liens on the assets of, and any equity interests in, the Project Company held by the lenders under the Sponsor Loan shall have been prepared and delivered to Escrow Agent in order to enable Escrow Agent to release such Liens concurrently with the Escrow Release in accordance with the Escrow Agreement.