Shareholders financing Clause Samples

Shareholders financing. To the extent that the Company is unable, notwithstanding having used commercially reasonable efforts, to obtain third party financing for (part of) its operations and one or more Shareholders is/are willing and able to provide such financing, such Shareholder(s) shall have the right to provide the same to the Company, provided that: 7.4.1 such financing shall be done on arm’s length terms and conditions, no less favourable to the Company than standard commercial terms and conditions; and 7.4.2 if more than one Shareholder is able and willing to provide such financing, each such Shareholder shall be entitled to provide a proportional part thereof.