Examples of Func Food Sweden in a sentence
A maximum of EUR 10,000,000 of the existing EUR 23,082,000 intercompany loan, being subject to Transaction Security, made available by the Issuer to Func Food Sweden AB (the " Intercompany Loan"), shall, at any time prior to the Final Maturity Date of the Bonds, be converted into unconditional shareholders' contribution and/or be subject to set-off against any unpaid shareholders' contribution made by the Issuer to Func Food Sweden AB.
The loan was granted in connection with the Share Purchase Agreement whereby Func Food Sweden acquired Magmax AB’s shares of ACMF Holding AB.
The merger between Func Food Sweden AB and ACMF Holding AB has resulted in a number of technical and financial implications for Func Food Sweden AB and for the Group as a whole.
The Issuer, Func Food Sweden, the Original Equity Investors and Magmax AB (in its capacity as seller of its part of the shares in the People's Choice Group) (the "Seller"), have entered into a subordination agreement with the Security Agent dated 1 July 2015 (the "Subordination Agreement").
A maximum of EUR 10,000,000 of the existing EUR 33,082,000 intercompany loan, being subject to Transaction Security, made available by the Issuer to Func Food Sweden AB (the " Intercompany Loan"), shall, at any time prior to the Final Maturity Date of the Bonds, be converted into unconditional shareholders’ contribution and/or be subject to set-off against any unpaid shareholders' contribution made by the Issuer to Func Food Sweden AB.
A maximum of EUR 10,000,000 of the existing EUR 23,082,000 intercompany loan, being subject to Transaction Security, made available by the Issuer to Func Food Sweden AB (the " Intercompany Loan"), shall, at any time prior to the Final Maturity Date of the Bonds, be converted into unconditional shareholders’ contribution and/or be subject to set-off against any unpaid shareholders' contribution made by the Issuer to Func Food Sweden AB.
A vendor loan provided to Func Food Sweden from Magmax AB in the principal amount of EUR 1,500,000, with an interest rate of 7.0 per cent.
ACMF Holding AB has now merged into Func Food Sweden AB with Func Food Sweden as surviving entity.
Moreover, the value of the intra-group loan granted by the Issuer to its subsidiaries Func Food Sweden and Func Food Finland largely depends on each debtor's ability to repay its respective loan.
In June 2015, Func Food Sweden AB acquired ACMF Holding AB and two of its subsidiaries (collectively the "Target").