Initial Availability. Upon the Bankruptcy Court’s entry of the Interim Order (as defined below), and satisfaction of all applicable conditions precedent described herein (the “Closing Date”), the Borrowers shall be entitled to make a single draw of DIP Loans in an amount of up to $35,000,000 prior to the entry of the Final Order (the “Initial Draw”).
Appears in 2 contracts
Sources: Loan and Security Agreement (Core Scientific, Inc./Tx), Commitment Letter (Core Scientific, Inc./Tx)