Funding Transactions. Client can order a credit transfer from a bank account to Client’s myPOS account for e-money provided by us. Upon receipt of the amount of the transfer by us, we will issue electronic money in the same amount and currency as the amount and currency received by us and in the same business day as the date of receipt of the funds by us. We are not responsible for and do not control when we will receive the funds from Client’s payment services provider and whether the payment services provider of Client or correspondent banks will charge Client fees for the transfer and will transfer the full amount to us. Client will be notified through information in the online account in the balance and transaction history on the amount of issued money and date of credit operation.
Funding Transactions. (a) At any time after the Public Offering and prior to the completion of the Company’s initial Business Combination, if (i) the Board determines that it is necessary for the Company to obtain additional working capital in respect of Company obligations, including with respect to outside advisors to the Company or the Board, that absent such additional working capital, would otherwise remain unfulfilled, and (ii) the Company provides the Sponsor and the Anchor Investor with notice of the Board’s determination, the amount of additional working capital that the Board has determined is necessary, and the purposes thereof, then the Sponsor hereby agrees that it shall be obligated to fund up to $1,000,000 of such working capital needs through the purchase of additional Private Placement Warrants at a price of $1.50 per Private Placement Warrant, or in lieu thereof, a loan as described in paragraph 5(b) below (a “Funding Transaction”). In connection with any Funding Transaction, Sponsor and Company will cooperate with each other in complying with all notice and other related requirements of the subscription agreements by and among the Company, Sponsor and Anchor Investor dated November 12, 2020 (the “Anchor Investor Subscription Agreements”).
Funding Transactions. Subject to the conditions set forth in this Agreement, the Parties shall consummate the following transactions on the Funding Date:
Funding Transactions
