Shareholder Receivables definition

Shareholder Receivables has the meaning given in Section 6.2.1(b);
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Shareholder Receivables shall have the meaning assigned to it in Section 4.36 hereof.
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Shareholder Receivables means (i) up to $29.2 million in (A) promissory notes from certain Shareholders issued to and held by the Company in connection with the Spin Off Transaction which are due and payable on or before the Closing Date, and (B) cash delivered to the Company by any such Shareholder on or prior to the Closing Date in connection with the Spin Off Transaction, (ii) notes from Shareholders in the principal face amount of $2,950,000 plus interest accrued thereon to the extent due to the Company on the Closing Date, and (iii) amounts owed to the Company in connection with the exercise of Options.
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Examples of Shareholder Receivables in a sentence

  • The Company has repaid any and all credit facilities and other financial debt granted to the Company in full prior to the Signing Date, including the IBA Loan and the Shareholder Receivables except as set forth in Exhibit 6.2.1(b) and in Exhibit 6.2.1(c).

  • The purpose of the Company is to engage in any lawful act or activity for which a Limited Liability Company may be formed within the State of Kentucky.

  • Each Shareholder shall be responsible for a share of the total liability to a Buyer Indemnified Party under Section 5.3(c) equal to the percentage of the total Shares owned by such Shareholder on the Closing Date multiplied by the amount of such total liability provided, however, that in no event shall the amount exceed the Aggregate Consideration actually received by such Shareholder (which shall not include Shareholder Receivables).

  • For the avoidance of doubt, nothing in this Clause 14.7 shall relieve any Relevant Vendor or any Receivable Party for any liability it might have for Unpaid Share Capital and/or Outstanding Shareholder Receivables.

  • All of the Aggregate Consideration and Shareholder Receivables received by Agent on behalf of the Shareholders and the holders of the Preferred Shares shall, after payments of expenses and maintenance of reserves as provided in accordance with Section 9.1 of the Agreement, be distributed to the Shareholders and the holders of the Preferred Shares based upon their respective ownership of the Company immediately prior to the Closing and in accordance with the terms of the Agreement.

  • Except as set forth on Schedule 4.36, neither the Company nor any of its Subsidiaries are indebted to any Seller or his Affiliates (the "Shareholder Loans"), and Schedule 4.36 contains a complete list of all amounts owed to the Company or any Subsidiary by any Seller or his Affiliates (the "Shareholder Receivables").

  • The amount owed by Shareholders (including ----------------- Shareholder Receivables, if any, acquired by Purchaser as part of the Assets) to any Company or the Partnership (together with any comparable amounts refinanced or acquired Purchaser under the New Jersey Agreement) do not exceed $600,000 when netted against the amounts owed to them by the Companies and the Partnership, and all such amounts bear interest at the rate of 6% per annum.

Related to Shareholder Receivables

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are receivable by Seller or any of its Affiliates (other than the Bank or the Transferred Subsidiaries) from the Bank or the Transferred Subsidiaries.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Subject Receivables means, for any Asset Representations Review, all Receivables outstanding and held by the Issuer that are more than 60 days delinquent as of the first day on which the Review Conditions are satisfied.

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Receivables Purchase Price means $1,610,505,281.69.