Ultimate Shareholder definition
Examples of Ultimate Shareholder in a sentence
In the event of any conflict between any notices or other communications of the Original Borrower and any other Obligor or the Ultimate Shareholder (as the case may be), those of the Original Borrower shall prevail.
None of the Obligors or the Ultimate Shareholder may assign or otherwise transfer any of their respective rights or obligations under this Agreement.
Every notice, request, demand or other communication under this Agreement to be given by any Obligor to any other party shall be given to the Agent for onward transmission as appropriate and to be given to the Ultimate Shareholder or the Obligors (or any of them) shall (except as otherwise provided in this Agreement) be given by the Agent.
Except for the Operative Documents and as contemplated by the Restructuring, none of the Lessee Parties shall be party to any arrangement or contract with the Ultimate Shareholder or any of its Subsidiaries unless such arrangement or contract is on an arm’s length basis.
None of the Lessee Parties (other than the Manager and the Ultimate Shareholder) has established a place of business in England.
Any Financial Indebtedness of any of the Lessee Parties (other than the Ultimate Shareholder) is not paid when due nor within any originally applicable grace period.
The Ultimate Shareholder acknowledges for the benefit of the Finance Parties the terms and conditions of this Agreement including, without limitation, the representations and warranties and undertakings given by its Subsidiaries provided, however, that nothing in this Agreement shall create any liability of the Ultimate Shareholder to the Finance Parties or the Finance Parties to the Ultimate Shareholder.
Neither the Lessee nor the Lessee Parent shall issue shares or other equity interests to anyone except the Lessee Parent (in relation to the Lessee) and the Ultimate Shareholder (in relation to the Lessee Parent) which shares have been or will be charged to the Lessor pursuant to the Lessee Share Charge and the Lessee Parent Share Charge or such document which terms are substantially the same as the Lessee Share Charge and the Lessee Parent Share Charge.
Such Acquiree Ultimate Shareholder further acknowledges that if the Acquiror Shares are issued to such Acquiree Ultimate Shareholder in accordance with the provisions of this Agreement, such Acquiror Shares may not be resold without registration under the Securities Act or the existence of an exemption therefrom.
There is no Action pending against, or to the Knowledge of such Acquiree Ultimate Shareholder, threatened against or affecting, such Acquiree Ultimate Shareholder by any Governmental Authority or other Person with respect to such Acquiree Ultimate Shareholder that challenges, or may have the effect of preventing, delaying, making illegal, or otherwise interfering with, any of the transactions contemplated by this Agreement.