SHAREHOLDER PAYMENTS definition
Examples of SHAREHOLDER PAYMENTS in a sentence
If the Company has insufficient funds to pay the portion of the priority distribution that is due at the time a Management Shareholder receives a Management Shareholder Payment, the Management Shareholders receiving Management Shareholder Payments shall pay Purchaser the amount of such insufficiency pro rata in accordance with the proportionate amounts of each such Management Shareholder's Payments, such amount to be paid on the same schedule as the payments are received by the Management Shareholder.
Not later than 5 Business Days after the completion of the disbursement of the Designated Shareholder Payments to the Designated Shareholders, the Investment Company, on behalf of the Affected Fund, shall deliver to the Treasury a certificate (the “Certificate of Liquidation and Disbursement”) in the form of Exhibit C.
No payment of the principal of, interest on, or fees with respect to any Subordinated Affiliate Loan shall be made at any time by the Borrower except from amounts that would otherwise be available for distribution pursuant to Section 7.04 (Restricted Payments and Shareholder Payments) of the Finance Agreement.
At the Closing and at the closing of the Tender Offer and Primary Issuance, ▇▇▇▇▇▇▇ will have sufficient immediately available funds in cash or cash equivalents, or available under lines of credit, in each case as necessary to pay the full amount of the Shareholder Payments, the Tender Offer, the Primary Issuance and all other amounts required to be paid by ▇▇▇▇▇▇▇ under this Agreement.
Nothing in this Guarantee Agreement, including but not limited to Sections 6(a) and 6(b), shall limit the Treasury’s rights of subrogation or other rights otherwise available to the Treasury in respect of Designated Shareholder Payments, including, without limitation, any rights of the Treasury to recover from Designated Shareholders payments received in connection with or relating to the Designated Shareholder’s Designated Shares, from a Fund or other parties.
Payment to the Sellers’ Solicitors of the Net Key Man Payment Amount and the Shareholder Payments in accordance with Schedule 5 shall be a complete discharge to the Purchaser who shall not be concerned with the distribution of such monies so paid.
Upon the effectiveness of the Merger, the Company shall have paid the Closing Date Payment Amount to the Shareholder Payments Escrow Account pursuant to the Merger Agreement and shall have made the escrow deposits required by the Merger Agreement.
Section 9.03 of the Credit Agreement is hereby amended by inserting the following text at the end of said Section: “Notwithstanding anything to the contrary contained herein, the Parent shall not declare or pay any Dividends or any Shareholder Payments at any time during the Liquidity Waiver Period.”.
The Warrantors shall procure that such monies are applied to satisfy the Net Key Man Payment Amount and the Shareholder Payments and shall procure that the obligations in respect of withholding tax and tax deduction certificates in the Loan Notes are observed.
The Buyer Entities may withhold against any one or more Shareholder Payments the remaining amount of any claims for indemnification pursuant to this Section 7.