Drawdown Requests. Maker and Payee agree that Maker may request up to Three Hundred Thousand Dollars ($300,000) for costs reasonably related to Makers initial public offering of its securities. The principal of this Note may be drawn down from time to time prior to the earlier of: # December 31, 2018 or # the date on which Maker consummates an initial public offering of its securities, upon written request from Maker to Payee (each, a Drawdown Request). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee. Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Three Hundred Thousand Dollars ($300,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.
Drawdown Requests. Maker and Payee agree that Maker may request up to Three Hundred Thousand Dollars ($300,000) for costs reasonably related to Makers initial public offering of its securities. The principal of this Note may be drawn down from time to time prior to the earlier of: # December 31, 2018June 30, 2017 or # the date on which Maker consummates an initial public offering of its securities, upon written request from Maker to Payee (each, a Drawdown Request). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee. Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Three Hundred Thousand Dollars ($300,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.
Drawdown Requests. Maker and Payee agree that Maker may request up to Three Hundred Thousand Dollars ($300,000) for costs reasonably related to MakerMaker’s initial public offering of its securities. The principal of this Note may be drawn down from time to time prior to the earlier of: # December 31, 20182021 or # the date on which Maker consummates an initial public offering of its securities, upon written request from Maker to Payee (each, a Drawdown Request“Drawdown Request”). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee. Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Three Hundred Thousand Dollars ($300,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker. Notwithstanding the foregoing, all payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorneys’ fees, and then to the reduction of the unpaid principal balance of this Note.
Drawdown Requests. Maker and Payee agree that Maker may request up to Three Hundred Thousand U.S. Dollars ($300,000) for costs reasonably related to MakerMaker’s initial public offering of its securities. The principal of this Note may be drawn down from time to time prior to the earlier of:of # December 31, 2018 orJune 30, 2022 and # the date on which Maker consummates an initial public offering of its securities, upon written request from Maker to Payee (each, a Drawdown Request“Drawdown Request”). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than TenOne Thousand U.S. Dollars ($10,1,000) unless agreed upon by Maker and Payee. Payee shall fund each Drawdown Request no later than five (5)one (1) business daysday after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Three Hundred Thousand U.S. Dollars ($300,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.
Drawdown Requests. Maker and Payee agree that Maker may request up to ThreeTwo Hundred Thousand Dollars ($300,200,000) for costs reasonably related to Makers initial public offering of its securities. The principal of this Note may be drawn down from time to time prior to the earlier of: # December 31, 2018June 30, 2016 or # the date on which Maker consummates an initial public offering of its securities, upon written request from Maker to Payee (each, a Drawdown Request). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee. Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is ThreeTwo Hundred Thousand Dollars ($300,200,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker. Notwithstanding the foregoing, all payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorneys fees, and then to the reduction of the unpaid principal balance of this Note.
Drawdown Requests. Maker and Payee agree that Maker may requestrequest, from time to time, up to Three Hundred Thousand Dollars ($300,000) in drawdowns under this Note to be used for costs reasonablyand expenses related to MakerMaker’s formation and the proposed initial public offering of its securities. The principalsecurities (the “IPO”). Principal of this Note may be drawn down from time to time prior to the earlier of: # December 31, 2018 or # the date on which Maker consummates an initial public offering of its securities,Maturity Date upon written request from Maker to Payee (each, a Drawdown Request“Drawdown Request”). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee.. Payee shall fund each Drawdown Request no later than five (5)three (3) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectivelyoutstanding under this Note isat any time may not exceed Three Hundred Thousand Dollars ($300,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.
Drawdown Requests. Maker and Payee agree that Maker may requestrequest, from time to time, up to ThreeOne Hundred Fifty Thousand Dollars ($300,150,000) in draw downs under this Note to be used for costs reasonablyand expenses related to Makers proposed initial public offering of its securities.securities (the IPO), including its formation. The principal of this Note may be drawn down from time to time prior to the earlier of: # December 31, 2018 or # the date on which Maker consummates an initial public offering of its securities,Maturity Date upon written request from Maker to Payee (each, a Drawdown Request). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee. Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectivelyoutstanding under this Note is Threeat any time may not exceed One Hundred Fifty Thousand Dollars ($300,150,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker. Notwithstanding the foregoing, all payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorneys fees, and then to the reduction of the unpaid principal balance of this Note.
Drawdown Requests. Maker and Payee agree that Maker may requestrequest, from time to time, up to ThreeOne Hundred Fifty Thousand Dollars ($300,150,000) in draw downs under this Note to be used for costs reasonablyand expenses related to Makers initial public offering of its securities. The principalformation and IPO. Principal of this Note may be drawn down from time to time prior to the earlier of: # December 31, 2018 or # the date on which Maker consummates an initial public offering of its securities,Maturity Date upon written request from Maker to Payee (each, a Drawdown Request)., provided that each such Drawdown Request is duly authorized by the board of directors of Maker. Maker and Payee agree that upon each Drawdown Request, Maker shall make a pari-passu draw down request under the Second Note. Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee.. Payee shall fund each Drawdown Request no later than five (5)three (3) business days after receipt of a Drawdown Request;Request and written confirmation from Maker to Payee that Maker has made a pari-passu draw down request under the Second Note; provided, however, that the maximum amount of drawdowns collectivelyoutstanding under this Note is Threeat any time may not exceed One Hundred Fifty Thousand Dollars ($300,150,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.
Drawdown Requests. Maker and Payee agree that Maker may requesthereby irrevocably agrees to fund up to ThreeEight Hundred Thousand U.S. Dollars ($300,000)800,000.00) to Maker for costs reasonably related to MakerMaker’s negotiation or consummation of an initial public offering of its securities. The principal ofbusiness combination or ordinary course administrative expenses. Payee’s funding obligations under this Note may be drawn down by Maker from time to time prior tountil the earlier of: # December 31, 2018 or # the date on which Maker consummates an initial public offering of its securities,Maturity Date, upon written request from Maker to Payee (each, a Drawdown Request“Drawdown Request”); provided that Maker shall not request a drawdown in the event that the Maker’s working capital held outside of the Trust Account (as defined below) is more than One Hundred Fifty Thousand U.S. Dollars ($150,000.00). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee.down. Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Threeshall not exceed Eight Hundred Thousand U.S. Dollars ($300,000)800,000.00). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. NoExcept as set forth herein, no fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.
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