Shareholder Loans. (a) Each Obligor will procure that prior to any Restricted Person making any Financial Indebtedness (other than Permitted Payments) available to any member of the Borrower Group, such Restricted Person shall enter into a Pledge of Subordinated Shareholder Loans on terms and conditions satisfactory to the Facility Agent and a Security Provider’s Deed of Accession and provides (i) the Facility Agent with such documents and evidence as it may reasonably require as to the power and authority of the Restricted Person to enter into such Pledge of Subordinated Shareholder Loans and Security Provider’s Deed of Accession and that the same constitute valid and legally binding obligations of such Restricted Person enforceable in accordance with their terms subject (to the extent applicable) to substantially similar qualifications to those made in the legal opinions referred to in Schedule 2 (Conditions Precedent Documents); and (ii) notification of such pledge to the relevant member of the Borrower Group.
Shareholder Loans. In the event that any Shareholder has outstanding loans from the Company as of the Effective Time, the cash consideration payable to such Shareholder pursuant to this Section 1.6 shall be reduced by an amount equal to the outstanding principal plus accrued interest of such Shareholder’s loans as of the Effective Time. Such loans shall be satisfied as to the amount by which the consideration is reduced pursuant to this Section 1.6(d).
Shareholder Loans amend Clause 19.17(b) (Shareholder Loans) to permit shareholder loans to be governed by Belgian law, Luxembourg law, Delaware, Colorado, New York, Dutch or English law provided that (subject to item 58 (Release of Security and Guarantees) in this Schedule) if any existing shareholder loan governed by Belgian law is to have a new governing law, equivalent Security is provided to the Finance Parties following such change of law.
Shareholder Loans. The parties agree that to the extent any of the terms and provisions of this Agreement conflict or are inconsistent with any of the terms and provisions of the Shareholder Loans, such terms and provisions of this Agreement shall supercede the conflicting terms and provisions of the Shareholder Loans. Subject to the foregoing, the Shareholder Loans shall remain in full force and effect in accordance with their respective terms and provisions.
Shareholder Loans. (a) prior to the First Repayment Date pay interest on any Shareholder Loans and thereafter only in accordance with the terms hereof and of the Shareholder Loans and (b) prepay, repay, redeem, purchase or otherwise acquire any Shareholder Loans prior to the Tranche A Final Repayment Date and the repayment in full of each outstanding Advance hereunder;
Shareholder Loans. 6.1.3 other external borrowing; and
Shareholder Loans. Except as disclosed in the Corporation Public Documents, the Corporation does not have any loans or other indebtedness outstanding which have been made to or from any of its shareholders, officers, directors or employees or any other person not dealing at arm’s length with the Corporation that are currently outstanding. DOCS 18632292
Shareholder Loans. Except as set forth in Section 2.4, pay, or otherwise make a distribution as satisfaction for, principal or interest on any loan made to the Borrower by an officer, director or holder of the Borrower’s equity securities so long as this Loan is outstanding. The Borrower shall not make loans to any officer, director or holder of the Borrower’s equity securities.
Shareholder Loans. Delete Clause 19.22 (Shareholder Loans) and make any other necessary consequential amendments.
