Shareholders’ Notes definition
Examples of Shareholders’ Notes in a sentence
Schedule VI sets forth a list of all Indebtedness (including Contingent Obligations) of Parent and its Subsidiaries as of the Funding Date and which is to remain outstanding after giving effect to the Transaction (excluding the Loans and the Existing Shareholders Notes), in each case showing the aggregate principal amount thereof and the name of the respective borrower and any Credit Party or any of its Subsidiaries which directly or indirectly guarantees such debt.
The Purchaser will have paid off the Shareholders Notes in the amounts set forth in SCHEDULE 7.13 hereof.
Prior to Closing, Seller shall operate the Business in the ordinary course of business and consistent with its past practices, and Seller shall not make any distributions of its cash to any entity other than in the ordinary course of business and to Buyer; provided, however, that Seller may make payments to ▇▇▇▇▇▇▇ under the Shareholders Notes Payable using amounts borrowed under the Bank Lines of Credit.
SHAREHOLDERS INSTRUMENTS shall mean the Selling Shareholders Notes and the Selling Shareholders Letters of Credit.
Meetings of Shareholders Notes may be called and held from time to time for the purpose of taking action upon any matter requiring the vote of authority of the Shareholders as herein provided or upon any other matter deemed by the Trustees to be necessary or desirable.
Upon delivery of the Shareholders' Notes, the ------------------- Purchaser shall have received evidence that the prior notes held by such holders shall have been surrendered and cancelled.
In the event that additional contributions are made by Shareholders' loans the same shall bear interest at the rate established by the Board, may have fixed terms of repayment, if permitted by the conditions of the Corporation's business, and shall be paid in priority to any outstanding Shareholder's Notes before dividends or Profit distribution and before any redemption of Shares.