Shareholder Loan. As of June 3, 2010, the undersigned will remit to the Company an amount of Fifty Thousand US Dollars ($50,000) (the "Shareholder Loan Amount").
Shareholder Loan. The Purchaser acknowledges that Gruering has advanced loans to the Company as a shareholder loan. Such shareholder loan shall be converted into 1,097,145 shares of Common Stock of the Purchaser as of the Closing Date. Said shareholder shall execute a release to the Company in the form attached hereto as Exhibit A.”
Shareholder Loan. Shareholder Loan" shall mean the outstanding amount and accrued interest of the loan granted by Seller to the Company pursuant to the loan agreement, dated April 29, 2010, including Seller’s contractual rights thereunder.
Shareholder Loan. Where the Borrower applies any of the proceeds of the Facility to fund any shareholder loan to any Group Company, the Borrower shall not assign, transfer or otherwise deal with any interest in such shareholder loan or the relevant shareholder loan agreement or any part thereof or create or permit to subsist any Security Interest thereon or agree or purport to do any of the foregoing without the prior written consent of the Facility Agent.
Shareholder Loan. If the promissory note in favor of the Selix X. Xxxxxx Xxxst has not been paid in full prior to the Effective Time, Parent will immediately cause the Surviving Corporation to pay in full all of the outstanding principal of and unpaid interest on such promissory note.
Shareholder Loan. Section 7.12 of the Purchase Agreement is hereby deleted in its entirety and replaced with the following:
Shareholder Loan. The Seller undertakes to assign all rights and obligations under the Shareholder Loan to the Purchaser on the Completion Date and the Purchaser hereby undertakes to accept such assignment from the Seller. Such assignment shall be for the nominal value of the amount outstanding under the Rilland Shareholder Loan (including any interest and cost due or accrued on the Completion Date) (the “Shareholder Loan Nominal Value”) and be included in the Deed of Assignment and Transfer.
Shareholder Loan. 4.1 The Seller is the sole Lender under the Shareholder Loan and holds the benefit of the Shareholder Loan free and clear of any lien, charge, guarantee, pledge, participation, option or any other encumbrances or restrictions or third-party rights of any nature whatsoever other than as set out in the Shareholder Loan.
Shareholder Loan. The Company received advances from a shareholder in order to help fund operations. These amounts are secured by the intellectual property of the Company, have no repayment terms, and bear interest at 5% per annum of which both the lender, and the Company have agreed to waive the interest. Balance, receivable as at June 30, 2015, included in "Due from Shareholder" (73,252 ) Shareholder advances during the year 487,411 Repayments during the year (52,505 ) Balance payable as at June 30, 2016 $ 361,654 Shareholder advances during the period 342,026 Balance payable as at June 30, 2017 $ 703,680 Shareholder advances during the period 20,707 Balance payable as at June 30, 2018 $ 724,397 Shareholder advances during the period — Balance payable as at June 30, 2019 $ 724,387 HYDRO POWER TECHNOLOGIES INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED June 30, 2019 and 2018 (Expressed in Canadian dollars)
Shareholder Loan. The Administrative Agent shall have received a duly executed amendment, in form and substance reasonably satisfactory to the Administrative Agent, in respect of that certain Shareholder’s Loan Agreement dated as of July 14, 2021, between Borrower, as borrower and Weichai America, as lender.
