Shareholder Liabilities definition
Examples of Shareholder Liabilities in a sentence
Prior to the Final Discharge Date, the Shareholder Creditors may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss in respect of the Shareholder Liabilities.
Shareholder Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
This Agreement does not purport to rank any of the Intra-Group Liabilities and the Shareholder Liabilities as between themselves.
Subject to Clause 9.4 (Acquisition of Shareholder Liabilities) and to the terms of the other Debt Documents, any Shareholder Creditor may assign any of its rights and benefits or transfer any of its rights, benefits and obligations in respect of the Shareholder Liabilities if the assignee or transferee has (if not already party to this Agreement as a Shareholder Creditor) acceded to this Agreement as a Shareholder Creditor, pursuant to Clause 19.13 (Creditor/Creditor Representative Accession Undertaking).
Nothing in this Agreement will be deemed to limit the joint and several obligations of the Shareholders to pay the Reserved Shareholder Liabilities in full.
Shareholder Liabilities) and Clause 7.2 (Permitted Payments: Shareholder Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those clauses.
Subject to Clause 7.8 (Permitted enforcement: Shareholder Creditors), none of the Shareholder Creditors shall be entitled to take any Enforcement Action in respect of any of the Shareholder Liabilities at any time prior to the Final Discharge Date.
Subject to Clause 9.8 (Permitted Enforcement: Shareholder Creditors), none of the Shareholder Creditors shall be entitled to take any Enforcement Action in respect of any of the Shareholder Liabilities at any time prior to the Final Discharge Date.
Nothing in this paragraph shall be interpreted to be a reduction in time of any statute of limitations afforded Weststar for indemnification by Wealing Shareholders for Wealing Shareholder Liabilities.
As between the Obligors and the Shareholders, the Shareholder Liabilities will be deemed not to have been reduced or discharged to the extent of any payment or other Distribution to the Security Agent under clause 6.5 (Turnover: Shareholder Liabilities).