Common use of Background; Use of Funds; Definitions Clause in Contracts

Background; Use of Funds; Definitions. The proceeds of this Note shall be used for the purpose of (a) acquiring the Series Porsche Speedster (the “Series Asset”) and (b) any associated acquisition expenses. As used in this Note, the following terms shall have the following meanings:

Appears in 2 contracts

Sources: Promissory Note (RSE Collection, LLC), Promissory Note (RSE Collection, LLC)