Funding Dates. In accordance with the introductory paragraph of the New Senyun Notes, the Additional Purchaser hereby commits to fund to the Issuer the amount set forth below on each of the respective following dates (each, a “Funding Date” and the commitments to fund under such New Senyun Notes, the “New Senyun Notes Commitments”): (i) $3.75 million in principal amount under the New Senyun Notes within five (5) Business Days after the satisfaction of the Closing Conditions or such earlier Business Day as designated by the Holder by notice to the Issuer (the “First Closing”); (ii) $3.75 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the First Closing (the “Second Closing”); (iii) $3.75 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the Second Closing (the “Third Closing”); (iv) $3.75 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the satisfaction of the Closing Conditions (the “Fourth Closing”); (v) $3.75 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the Fourth Closing (the “Fifth Closing”); (vi) $3.75 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the Fifth Closing (the “Sixth Closing”); (vii) $3.75 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the Sixth Closing (the “Seventh Closing”); and (viii) $3.75 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the Seventh Closing (the “Eighth Closing”).
Appears in 1 contract
Sources: Securities Purchase Agreement (Faraday Future Intelligent Electric Inc.)
Funding Dates. In accordance with the introductory paragraph of the New Senyun Notes, the Additional New Purchaser hereby commits to fund to the Issuer the amount set forth below on each of the respective following dates (each, a “Funding Date” and the commitments to fund under such New Senyun Notes, the “New Senyun Notes Commitments”):
(i) $3.75 5 million in principal amount under the New Senyun Notes within five (5) Business Days after the satisfaction of the Closing Conditions or such earlier Business Day as designated by the Holder by notice to the Issuer (the “First Closing”);
(ii) $3.75 5 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the First Closing (the “Second Closing”);
(iii) $3.75 5 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the Second Closing (the “Third Closing”);
(iv) $3.75 5 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the satisfaction of the Closing Conditions (the “Fourth Closing”);
(v) $3.75 5 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the Fourth Closing (the “Fifth Closing”);
(vi) $3.75 5 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the Fifth Closing (the “Sixth Closing”);
(vii) $3.75 5 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the Sixth Closing (the “Seventh Closing”); and
(viii) $3.75 5 million in principal amount under the New Senyun Notes within fifteen (15) Business Days after the Seventh Closing (the “Eighth Closing”).
Appears in 1 contract
Sources: Joinder and Amendment Agreement (Faraday Future Intelligent Electric Inc.)
Funding Dates. In accordance with the introductory paragraph of the Additional New Senyun Notes, the Additional FF Vitality Purchaser hereby commits to fund to the Issuer the amount set forth below on each of the respective following dates (each, a “Funding Date” and the commitments to fund under such Additional New Senyun Notes, the “Additional New Senyun Notes Commitments”):
(i) $3.75 2.5 million in principal amount under the Additional New Senyun Notes within five (5) Business Days after the satisfaction of the Closing Conditions or such earlier Business Day as designated by the Holder by notice to the Issuer (the “First Closing”);
(ii) $3.75 2.5 million in principal amount under the Additional New Senyun Notes within fifteen (15) Business Days after the First Closing (the “Second Closing”);
(iii) $3.75 2.5 million in principal amount under the Additional New Senyun Notes within fifteen (15) Business Days after the Second Closing (the “Third Closing”);
(iv) $3.75 2.5 million in principal amount under the Additional New Senyun Notes within fifteen (15) Business Days after the satisfaction of the Closing Conditions (the “Fourth Closing”);
(v) $3.75 2.5 million in principal amount under the Additional New Senyun Notes within fifteen (15) Business Days after the Fourth Closing (the “Fifth Closing”);
(vi) $3.75 2.5 million in principal amount under the Additional New Senyun Notes within fifteen (15) Business Days after the Fifth Closing (the “Sixth Closing”);
(vii) $3.75 2.5 million in principal amount under the Additional New Senyun Notes within fifteen (15) Business Days after the Sixth Closing (the “Seventh Closing”); and
(viii) $3.75 2.5 million in principal amount under the Additional New Senyun Notes within fifteen (15) Business Days after the Seventh Closing (the “Eighth Closing”).
Appears in 1 contract
Sources: Amendment Agreement (Faraday Future Intelligent Electric Inc.)