Shareholders Support Clause Samples
The Shareholders Support clause requires shareholders to actively back certain actions, decisions, or agreements made by the company or its board. In practice, this may obligate shareholders to vote in favor of specific resolutions, refrain from opposing key transactions, or provide written consents when needed. Its core function is to ensure alignment and cooperation among shareholders, thereby reducing the risk of internal disputes and facilitating smooth implementation of important corporate decisions.
Shareholders Support. In consideration of the Guarantor Banks agreeing, at the request of the Shareholders, to make available to the Borrower the guarantee facility referred to in Recital (A) above and the Lending Banks agreeing, at the request of the Shareholders, to make available to the Borrower the term loan facility referred to in Recital (A) above and/or the Banks (or any of them) acting under or in connection with the Credit Agreement:-
Shareholders Support. In consideration of the Guarantor Banks agreeing, at the request of the Shareholders, to make available to the Borrower the guarantee and term loan facility referred to in Recital (A) above and the Lending Banks agreeing, at the request of the Shareholders, to make available to the Borrower the term loan facility referred to in Recital (A) above and/or the Secured Parties (or any of them) acting under or in connection with the Credit Agreement:-
(a) Equity Support: each Shareholder shall (without demand by the Borrower, the Security Trustee or any Secured Party) severally provide Shareholder Funding to the Borrower by not later than 31st March, 2001 an amount equal to its Equity Commitment Percentage of S$720,000,000 (taking into account all Shareholder Funding which have been provided by the Shareholders on or before the date of this Agreement); and