Forbearance Termination Event. The forbearance set forth in Section 6.02 shall terminate upon the earliest to occur of the following: (a) The failure of the Maker to complete the Public Offering by April 15, 2023; and /or (b) The failure of the Maker to pay the Mandatory Prepayment Amounts as provided for in Section 6.02. (each a “Forbearance Termination Event”).
Appears in 2 contracts
Sources: Senior Convertible Promissory Note (AERWINS Technologies Inc.), Senior Convertible Promissory Note (AERWINS Technologies Inc.)