Examples of Shareholder Funding in a sentence
Contingent Obligations Incurred in the ordinary course of business and not in respect of borrowed money; (ii) deferred or prepaid revenues; (iii) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligations of the respective seller; (iv) Obligations under or in respect of Qualified Receivables Financing; (v) obligations under the Acquisition Documents; or (vi) Subordinated Shareholder Funding.
However, deferred coupon payments become payable if European Energy A/S decides to pay dividends to shareholders or makes payment in respect of any Subordinated Shareholder Funding.
Cash shall be available for distribution to the Shareholders only after the principal and accrued interest on any Shareholder Funding Default Loan has been paid in full.
Duration and Funding Estimates for PG&E Shareholder-Funded System Enhancement Initiatives Shareholder-Funded System Enhancement InitiativesEstimated Duration (Years)10 10 The estimated duration runs from the Effective Date.11 For any System Enhancement Initiative listed with “—” in the Estimated Shareholder Funding column, the Settling Parties expect any costs to be de minimis or full time employee time only.
The issue of the new shares will mean the reduction in the holdings of the existing shareholders (from 100% to 5%), unless they participate in providing some of the Shareholder Funding.
For any System Enhancement Initiative listed with “—” in the Estimated Shareholder Funding column, the Settling Parties expect any costs to be de minimis or full time employee time only.
The Company will ensure that any amounts lent into the Group by the Parent or any Holding Company of the Parent shall be made by way of Shareholder Funding from the Parent (or any Successor Parent or Parent Entity, as applicable) to the Company.
See " Use of Proceeds" and "Description of Certain Financing Arrangements—Subordinated Intercompany Shareholder Funding Loan".
The relevant terms and conditions of each Shareholder Funding, which shall be on an arm’s length basis and on market terms, shall be discussed in good faith and agreed on by the Company, Chiyoda, NYK and JVCo prior to Completion.
The proceeds of any Shareholder Funding provided pursuant to Clause 5.3 (Sponsor undertaking) shall be paid into the relevant Disbursement Account or, following the occurrence of an Event of Default which is continuing, as the Intercreditor Agent or the relevant Security Trustee and Agent may from time to time direct provided that, in each such case, the proceeds of such Shareholder Funding may only be applied towards Project Costs.