Common use of Shareholdings Clause in Contracts

Shareholdings. the Borrower is a wholly-owned direct Subsidiary of the Corporate Guarantor, all of the issued shares in the Manager are legally and ultimately beneficially owned by the person or persons disclosed by the Borrower to the Bank in the negotiation of this Agreement and no less than 25% of the total issued voting share capital of the Corporate Guarantor is ultimately beneficially owned by Mr ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and/or trusts or foundations of which Mr. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is a beneficiary.

Appears in 1 contract

Sources: Loan Agreement (DryShips Inc.)

Shareholdings. (a) each of the Borrower and the Manager is a wholly-owned direct Subsidiary of the Corporate Guarantor, all ; and (b) no less than 18% of the issued shares in the Manager are legally share capital and ultimately beneficially owned by the person or persons disclosed by the Borrower to the Bank in the negotiation of this Agreement and no less than 25% of the total issued voting share capital of the Corporate Guarantor is ultimately beneficially owned by Mr ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and/or trusts or foundations of which Mr. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is a beneficiary.Permitted Holders;

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)

Shareholdings. each of the Borrower Borrowers and the Manager is a wholly-owned direct indirect Subsidiary of the Corporate Guarantor, Guarantor and all of the issued shares in the Manager Corporate Guarantor are legally and ultimately beneficially owned by the person or such persons as disclosed by or on behalf of the Borrower Borrowers or any other Security Party to the Bank in the negotiation of this Agreement and no less than 25% of the total issued voting share capital of the Corporate Guarantor is ultimately beneficially owned by Mr ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and/or trusts or foundations of which Mr. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is a beneficiaryAgreement.

Appears in 1 contract

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.)

Shareholdings. (a) each of the Borrower Borrowers and the Manager is a wholly-owned direct Subsidiary of the Corporate Guarantor, all ; and (b) no less than 18% of the issued shares in the Manager are legally share capital and ultimately beneficially owned by the person or persons disclosed by the Borrower to the Bank in the negotiation of this Agreement and no less than 25% of the total issued voting share capital of the Corporate Guarantor is ultimately beneficially owned by Mr ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and/or trusts or foundations of which Mr. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is a beneficiary.Permitted Holders;

Appears in 1 contract

Sources: Supplemental Agreement (Diana Shipping Inc.)

Shareholdings. the Borrower is a wholly-owned direct Subsidiary each of the Borrowers, the Corporate Guarantor, all of the issued shares in Guarantor and the Manager are is legally and ultimately beneficially owned by the such person or persons as disclosed by or on behalf of the Borrower or any other Security Party to the Bank Arranger and/or the Agent in the negotiation of this Agreement and no less than 25% of the total issued voting share capital of the Corporate Guarantor is ultimately beneficially owned by Mr ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and/or trusts or foundations of which Mr. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is a beneficiaryAgreement.

Appears in 1 contract

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.)