Shareholder Advances definition
Examples of Shareholder Advances in a sentence
For the purposes of Closing, the Shareholder Advances Price shall be an estimated amount calculated from the amounts set out on the Shareholder Advances Notice subject to adjustment by the Closing Statement.
Within 5 days after resolution, by agreement of the Parties, of the dispute which was the subject of the Objection Notice or, failing such resolution, within 5 days after the final determination of the arbitration, the Vendor or the Purchaser, as the case may be, shall pay to the other by wire transfer of immediately available funds, certified cheque or bank draft the amount by which the Shareholder Advances Price is to be adjusted as a result of such resolution or final determination.
An amendment agreement (the "Revised Shareholders Financing Agreement") dated 22 March 1994 made between BGL, IFC, DEG, the Republic of Ghana, the Bank of Ghana and Billiton B.V. pursuant to which Shareholders (as defined therein) agreed, on the terms and subject to the conditions therein, to amend the terms and conditions applicable to the Shareholder Advances and Shareholder Deficiency Advances under the Shareholders Financing Agreement (as amended and supplemented by the Supplemental Agreement).
The Purchaser shall acquire from the Vendor or cause the Company to repay the Shareholder Advances by payment of the Shareholder Advances Price.
If the report of the Auditor on the Effective Date Balance Sheet is not available at the time for the delivery of the Shareholder Advances Notice, then the Effective Date Balance Sheet shall be delivered without the report of the Auditor and the report of the Auditor shall be delivered to the Purchaser when it is issued by the Auditor.
Subject to the terms of this Agreement, the Company shall apply the proceeds from the issuance and sale of the Series A-2 Note towards the repayment of the Pre-Closing Shareholder Advances and for general working capital requirements of the Group Companies.
If there is an adjustment of the amount of Shareholder Advances Price by virtue of the Closing Statement, and if no Objection Notice is given within the 15 day period provided for in Section 3.7(a), the Vendor or the Purchaser, as the case may be, shall, within 5 days following the end of such 15 day period, pay to the other by wire transfer of immediately available funds, certified cheque or bank draft the amount by which the amount of the Shareholder Advances Price is to be adjusted.
At the Closing Time, the Purchaser shall pay or cause the Company to repay the Shareholder Advances by payment of the Shareholder Advances Price by wire transfer of immediately available funds to an account designated by the Vendor or by the delivery to the Vendor of a certified cheque or bank draft made payable in lawful money of Canada, in the amount of the Shareholder Advances Price estimated in accordance with Section 2.3 which amount is subject to adjustment in accordance with the Closing Statement.
As soon as reasonably practical after the Closing Date and in any event not later than 45 days thereafter, the Vendor shall prepare and deliver to the Purchaser a closing statement ("Closing Statement") as to the amount of the Shareholder Advances on the Closing Date, verified by its bankers.
An amendment agreement (the "Revised Shareholders Financing Agreement") dated 22 March 1994 made between the Company, IFC, DEG, the Republic of Ghana, the Bank of Ghana and Billiton B.V. pursuant to which Shareholders (as defined therein) agreed on the terms and subject to the conditions therein, to amend the terms and conditions applicable to the Shareholder Advances and Shareholder Deficiency Advances under the Shareholders Financing Agreement (as amended and supplemented by the Supplemental Agreement).