Subordination of shareholder loans Sample Clauses

Subordination of shareholder loans. The Borrower shall procure that each Collateral Owner shall subordinate any shareholder loans or inter company borrowings to the Indebtedness.
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Subordination of shareholder loans. The Borrower shall procure that any shareholder loans and/or inter company borrowings or other indebtedness permitted by the terms of this Agreement and all claims of the Managers against the Borrower and all sums owed to the Managers and all other material claims against the Borrower are fully subordinated to the Indebtedness on the terms and condition set out in the Subordination Agreement.
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Subordination of shareholder loans. The Administrative Agent shall have received, no later than thirty (30) days after the First Closing Date, German law governed subordination agreements in relation to each other Subordinated Shareholder Loan which shall include, inter alia, the qualified subordination (qualifizierter Rangrücktritt) of such Subordinated Shareholder Loan and a restriction on payments on such Subordinated Shareholder Loan;
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Subordination of shareholder loans. (a) The Issuer shall ensure or procure that any Financial Indebtedness (whether of principal, interest, fee or otherwise) which is or at any time may be or become owing (whether actually or contingently) by the Issuer to any of its shareholders after the date of this Agreement (a Shareholder Loan), and the respective rights and claims any of its shareholders may have in relation to such Shareholder Loan are, subordinated to the Issuer's obligations owed to the Investor under or in connection with the Finance Documents and to the respective rights and claims of the Investor under or in connection with the Finance Documents.
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Subordination of shareholder loans. Borrower hereby subordinates, to the prior payment to Bank of all sums owing under the Loan, any and all loans, advances, and indebtedness owing from Borrower to shareholders, partners or members of Borrower from time to time, whether or not evidenced by promissory notes. Borrower shall not make payments of principal and interest for any loan owing to its shareholders, partners or members until the Loan is paid in full.
Sample 1
Subordination of shareholder loans. The Administrative Agent shall have received a German law governed subordination agreement in relation to NDII, which shall include, inter alia, the qualified subordination (qualifizierter Rangrücktritt) of such Subordinated Shareholder Loan and a restriction on payments on such Subordinated Shareholder Loan.
Sample 1
Subordination of shareholder loans. Borrower hereby subordinates, to the prior payment to Bank of all sums owing under the Loan, any and all loans, advances, and indebtedness owing from Borrower to shareholders of Borrower from time to time, whether or not evidenced by promissory notes. Borrower may make payments of principal and interest for any loan owing to its shareholders until the Loan is paid in full so long as no Default exists under the Loan.
Sample 1
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Subordination of shareholder loans. The Borrower shall ensure that (to the extent the following have not been previously entered into and/or provided, as the case may be), within five Business Days of it or any member of the Group incurring any Financial Indebtedness to any Shareholder Affiliate, it or that member of the Group and such Shareholder Affiliate enter into a Subordination Deed to fully and effectively subordinate that Financial Indebtedness to the claims of the Secured Parties under the Finance Documents and that the conditions precedent listed in schedule 1 (Conditions Precedent) of the agreed form Subordination Deed in connection with the Borrower's or that member of the Group's and the relevant Shareholder Affiliate's entry into the Subordination Deed are provided to the Secured Parties.
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Related to Subordination of shareholder loans

  • Acquisition of Shares The Purchaser is not acquiring the Shares with the current intention of making a public distribution thereof.

  • Distributions Upon Liquidation Proceeds from a Terminating Capital Transaction and any other cash received or reductions in reserves made after commencement of the liquidation of the Partnership shall be distributed to the Partners in accordance with Section 13.2.

  • Disposition of Shares In the case of an NSO, if Shares are held for at least one year, any gain realized on disposition of the Shares will be treated as long-term capital gain for federal income tax purposes. In the case of an ISO, if Shares transferred pursuant to the Option are held for at least one year after exercise and of at least two years after the Date of Grant, any gain realized on disposition of the Shares will also be treated as long-term capital gain for federal income tax purposes. If Shares purchased under an ISO are disposed of within one year after exercise or two years after the Date of Grant, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the difference between the Exercise Price and the lesser of (1) the Fair Market Value of the Shares on the date of exercise, or (2) the sale price of the Shares. Any additional gain will be taxed as capital gain, short-term or long-term depending on the period that the ISO Shares were held.

  • Dividends; Rights as Stockholder Cash dividends on shares of Common Stock issuable hereunder shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such cash dividends shall not be deemed to be reinvested in shares of Common Stock and shall be held uninvested and without interest and paid in cash at the same time that the shares of Common Stock underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. Stock dividends on shares of Common Stock shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such stock dividends shall be paid in shares of Common Stock at the same time that the shares of Common Stock underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by any RSU unless and until the Participant has become the holder of record of such shares.

  • Voting and Redemption of Shares Subscriber agrees to vote the Shares in favor of an initial business combination that the Company negotiates and submits for approval to the Company’s stockholders and shall not seek redemption with respect to such Shares. Additionally, the Subscriber agrees not to redeem any Shares in connection with a redemption or tender offer presented to the Company’s stockholders in connection with an initial business combination negotiated by the Company. [Signature Page Follows] If the foregoing accurately sets forth our understanding and agreement, please sign the enclosed copy of this Agreement and return it to us. Very truly yours, JUNIPER INDUSTRIAL HOLDINGS, INC. By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Chief Executive Officer Accepted and agreed this 29th day of August, 2019 JUNIPER INDUSTRIAL SPONSOR, LLC By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Member

  • Payment of Shares At or prior to the time of delivery of any of our shares you will pay or cause to be paid to the Custodian, for our account, an amount in cash equal to the net asset value of such shares. In the event that you pay for shares sold by you prior to your receipt of payment from purchasers, you are authorized to reimburse yourself for the net asset value of such shares from the offering price of such shares when received by you.

  • Stock Fully Paid; Reservation of Shares All of the Shares issuable upon the exercise of the rights represented by this Warrant will, upon issuance and receipt of the Exercise Price therefor, be fully paid and nonassessable, and free from all taxes, liens and charges with respect to the issue thereof. During the period within which the rights represented by this Warrant may be exercised, the Company shall at all times have authorized and reserved for issuance sufficient shares of its Common Stock to provide for the exercise of the rights represented by this Warrant.

  • Escrow of Shares (a) All Shares of Restricted Stock will, upon execution of this Award Agreement, be delivered and deposited with an escrow holder designated by the Company (the “Escrow Holder”). The Shares of Restricted Stock will be held by the Escrow Holder until such time as the Shares of Restricted Stock vest or the date Participant ceases to be a Service Provider.

  • Distributions Other Than Cash, Shares or Rights to Purchase Shares (a) Whenever the Company intends to distribute to the holders of Deposited Securities property other than cash, Shares or rights to purchase additional Shares, the Company shall give timely notice thereof to the Depositary and shall indicate whether or not it wishes such distribution to be made to Holders of ADSs. Upon receipt of a notice indicating that the Company wishes such distribution be made to Holders of ADSs, the Depositary shall consult with the Company, and the Company shall assist the Depositary, to determine whether such distribution to Holders is lawful and reasonably practicable. The Depositary shall not make such distribution unless (i) the Company shall have requested the Depositary to make such distribution to Holders, (ii) the Depositary shall have received satisfactory documentation within the terms of Section 5.7, and (iii) the Depositary shall have determined that such distribution is reasonably practicable.

  • SALE AND REDEMPTION OF SHARES 1. Whenever the Fund shall sell any shares issued by the Fund ("Shares") it shall deliver to Custodian a Certificate or Instructions specifying the amount of money and/or Securities to be received by Custodian for the sale of such Shares and specifically allocated to an Account for such Series.

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