Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 875

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 875
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oring facility, in an aggregate amount not to exceed $100,000,000, the sole recourse of which is to assets that do not constitute Collateral. (yy)“ Permitted Indebtedness ” means (i)Indebtedness evidenced by this Note, the Other Notes and any Additional Notes, (ii)Indebtedness set forth on Schedule 3(s) to the Securities Purchase Agreement, as in effect as of the Subscription Date, (iii)Indebtedness secured by Permitted Liens or unsecured but as described in clauses (iv) and (v) of the definition of Permitted Liens, (iv)Permitted Credit Card Indebtedness, (v)prior to the Public Company Date, Permitted Safe Notes; (vi)Permitted Subordinated Indebtedness; Annex I-37 (vii)Permitted Treasury Indebtedness; (viii)unsecured Indebtedness to trade creditors incurred in the ordinary course of business; (ix)Permitted Insurance Premium Indebtedness; (x)Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of the Company’s business; (xi)Indebtedness in respect of netting services, overdraft protections and otherwise in connection with deposit accounts; (xii)intercompany Indebtedness between the Company and its Subsidiaries not to exceed Five Million Dollars ($5,000,000); (xiii)so long as no Bitcoin Collateral Event has occurred, unsecured Indebtedness not otherwise permitted hereunder not to exceed Five Million Dollars ($5,000,000) at any time outstanding; provided, that if such Indebtedness is incurred by any Subsidiary of the Company, such Indebtedness shall be subject to a subordination agreement in form and substance reasonably acceptable to the Required Holders; and (xiv)extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (i) through (xi) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon the Company or its Subsidiary, as the case may be. (zz)“ Permitted Insurance Premium Indebtedness ” means Indebtedness incurred by the Company to finance insurance premiums in the ordinary course of business that is made expressly subordinate in right of payment to the Indeb