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 funds to the Company as a shareholder loan. Such shareholder loan shall be converted into 5,000,000 shares of Common Stock of the Purchaser. The Purchaser shall reserve 5,000,000 shares of its Common Stock to allow for the conversion by Gruering of this shareholder loan.
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 Facilities 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 Lender. SCHEDULE 6
Shareholder Loan. The Seller as lender has granted an interest-bearing loan to MIG as borrower under a certain shareholder loan agreement dated 11 August 2015 with a principal amount of EUR 2,598,464.24 (in words: Euro two million five hundred ninety-eight thousand four hundred and sixty-four and twenty-four cents) bearing interest at a rate which is calculated in accordance with Section 12.1 of the Senior Facilities Agreement plus a margin of 0.10% (the “Shareholder Loan”). As of 31 December 2017, the outstanding amount (including unpaid interest accrued thereon) under the Shareholder Loan was equal to EUR 2,694,175.21 (in words: Euro two million, six hundred ninety-four thousand, one hundred seventy-five and twenty-one cents).
Shareholder Loan. Section 7.12 of the Purchase Agreement is hereby deleted in its entirety and replaced with the following:
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. (i) Save for the Shareholder Loan to be assigned to Buyer, there is no amount owing to Seller by the Company or Zhongce or their Affiliates or their directors, shareholders or employees.
Shareholder Loan. The Administrative Agent shall have received duly executed amendments, in each case in form and substance reasonably satisfactory to the Administrative Agent, in respect of (i) that certain Shareholder’s Loan Agreement dated as of April 20, 2022, between Xxxxxxxx, as borrower and Weichai America, as lender, and (ii) that certain Second Amended and Restated Shareholder’s Loan Agreement dated as of March 25, 2022.
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)
