EX-10.3
from 8-K
3 pages
1. the Investor Agrees That It Will Fund Its Pro Rata Portion (As Defined Below) of the Aggregate Principal Amount of the Amended and Restated Note, as and When the Company Requests Draws on the Amended and Restated Note in Accordance With the Terms of the Amended and Restated Note. for Purposes Hereof, the Investor’s “Pro Rata Portion” Means $ (The “Commitment Amount”), Divided by $25,000,000. Any Draw of the Investor’s Pro Rata Amount Will Be Made at the Time That Sic Ii’s Commitment Is Drawn Under the Amended and Restated Note; Provided, However, That in the Event That Any Amounts Have Previously Been Funded by Sic II Under the Amended and Restated Note, Upon Any Request for Funding, the Investor Will First Fund Such Amounts as Are Necessary to Bring the Amount Funded by the Investor Up to Its Pro Rata Portion of All Amounts Funded, and for Such Purposes, Amounts Outstanding Under the Deutsche Loan Agreement (As Defined in the Amended and Restated Note) or Any Successor Thereto That Have Been Guaranteed by Sic II or Any of Its Affiliates (Including Robert F.X. Sillerman) Will Be Deemed to Have Been Funded by Sic II. for Example, if the Investor’s Commitment Amount Were $1 Million and a Request for Funding Is Made At
12/34/56
