Additional Borrowing. The parties hereto agree that all funds required for the purposes of Holdco II, Hovis and/or the Hovis Group shall be obtained, to the greatest exten▇ ▇▇▇sible, by bo▇▇▇▇▇ng from a bank or other third party lender or otherwise accessing the capital markets. The decision whether such funds are required, from whom such funds will be borrowed and the terms and conditions of such borrowing shall be determined from time to time by the Board of Holdco II.
Appears in 2 contracts
Sources: Owners' Agreement (MFC Bancorp LTD), Investment and Restructuring Agreement (MFC Bancorp LTD)