Shareholders Loans definition

Shareholders Loans means the shareholders loans owed by the Disposal Group

Shareholders Loans means the loans to the Company by the respective Shareholders in such proportions as shall be agreed in accordance to this Agreement; In this Agreement, unless the context otherwise requires, any reference to: the singular includes the plural and vice versa; a person includes reference to a body corporate or other legal entity; any written law includes that law as amended or re-enacted from time to time; any agreement or other document includes that agreement or other document as varied or replaced from time to time; a clause is to the relevant clause of this Agreement; any party includes that party’s personal representatives and/ or successors and assigns. The Schedules hereto shall form part of this Agreement. Clause headings are inserted for convenience only and shall be ignored in construing this Agreement.

Shareholders Loans means loan(s) made or to be made to the Company by the Shareholders (or where the context so requires, by a particular Shareholder) or, where the context so requires, the outstanding amount thereof.

Examples of Shareholders Loans in a sentence

• Any dispute arising out of, or in connection with, this Prospectus and/or the Shareholders Loans Share Issue shall be subject to the exclusive jurisdiction of the court of Norway, with Oslo as legal venue.

• The terms of the Shareholders’ Agreements (including the capital commitment of MCBL and HBL and the Shareholders Loans) were determined after arm’s length negotiation between MCBL and HBL with reference to the working capital requirements and needs of the JV Companies and the parties’ respective duties and expected contributions to the JV Companies.

• This transfer was legally affected on 27 May 2009 and comprised the transfer of Loan Notes and Shareholder's Loans relating to the lender's financing of the portfolios.

• The total amounts of all other borrowings or indebtedness in the nature of borrowings of the Group at 31 January 2018 were as follows: Shareholders Loans: R2 967 182 Shareholder loans are unsecured, bear interest at the prime overdraft rate as determined from time to time and are repayable on demand.

• A transfer of Shares by Exmar in accordance with this Agreement shall necessarily involve a transfer to the same transferee of all Shares held by Exmar and all Shareholders Loans made by Exmar.

More Definitions of Shareholders Loans

Shareholders Loans means the interest free indebtedness of the Company to the Seller in the aggregate sum of US$2,930,000;

Shareholders Loans means a sum equal to 10% of the aggregate of (i) interest-free shareholder’s loans which has been extended by the existing shareholders of the JV Company (including the Vendor) to the JV Company and which remains outstanding as at the date of the Share Purchase Agreement and (ii) such further interest-free shareholder’s loans as may be extended by the existing shareholders of the JV Company (including the Vendor) to the Company prior to completion of the Proposed Acquisition (the “Completion”) provided always that the aggregate amount of the shareholders’ loans under paragraphs (i) and (ii) above will not exceed S$54,000,000.

Shareholders Loans. Loans of any nature whatsoever lent by anyone who is a Stakeholder in the Company, excluding loans from financial institutions whose business it is to provide loans in the normal course of business, and excluding loans in the amount of $5,000,000 from the DS Apex Holdings Group, and an additional lender that joins the agreement that will be signed with DS Apex with regard to this loan.

Shareholders Loans means the loans between the Borrower and/or its Affiliates as lender, and any of the Group Companies, as borrower, in an aggregate principal amount not to exceed E 115.2 million;

Shareholders Loans means the Sundog Shareholder Loan and the 517244 Shareholder Loan;

Shareholders Loans. The shareholder’s loan in the sum of HK$26,017,413.91 advanced by the Vendor to RBL and the shareholder’s loan of HK$193,442.256 advanced by the Vendor to RBIPL as stated in the Management Accounts;

Shareholders Loans means loan(s) made to the Company by the Shareholders from time to time and, where the context shall so require, the outstanding amount thereof;