Examples of Shareholder Funding in a sentence
The Company will ensure that any amounts lent into the Group by the Parent or any Holding Company of the Parent shall be made by way of Shareholder Funding from the Parent (or any Successor Parent or Parent Entity, as applicable) to the Company.
See " Use of Proceeds" and "Description of Certain Financing Arrangements—Subordinated Intercompany Shareholder Funding Loan".
Represents the US$784.6 million Subordinated Intercompany Shareholder Funding Loan, net of an estimated US$465.6 million repayment with the proceeds of the offering of the Notes hereby, which will be used by Inmarsat Holdings Limited to redeem the Existing Discount Notes.
The proceeds of any Shareholder Funding provided pursuant to Clause 5.3 (Sponsor undertaking) shall be paid into the relevant Disbursement Account or, following the occurrence of an Event of Default which is continuing, as the Intercreditor Agent or the relevant Security Trustee and Agent may from time to time direct provided that, in each such case, the proceeds of such Shareholder Funding may only be applied towards Project Costs.
Equity Offering Disinterested Director (y) Capital Stock or other securities of a Parent or an Affiliate, the proceeds of which are Board of Directors having no material direct or indirect financial interest in or with respect to contributed as Subordinated Shareholder Funding or to the equity of the Borrower or any of such Affiliate Transaction.
The obligations of each Shareholder to advance Advances or Required Shareholder Funding pursuant to this Agreement are owed by such Shareholder to the other Shareholder (and no other Person) and the Company shall not be entitled to make any claim for breach of this Agreement or otherwise against any Shareholder for failure to advance any Advances in accordance with this Agreement.
A Shareholder who has failed to advance Required Shareholder Funding or defaults in repayment of a Default Loan, shall if the non-defaulting Shareholder has made an election under Clause 10.8.2, have its Ownership Interest recalculated at the time of election by the non-defaulting Shareholder in accordance with the formula set out in Clause 11.6 provided that for this purpose, "F" shall equal 1.0 and not 0.2.
The Shareholder Funding Accounts shall be adjusted from time to time in accordance with the provisions of this Agreement and the respective Ownership Interest of each Shareholder at any time shall be determined on the basis of the following formula: Ownership Interest = SFA T Where: SFA = that Shareholder's Funding Account balance at such time T = the total of all Shareholder Funding Accounts at that time.
The proceeds of the Note Proceeds Loan and the Loan Premium will be applied by the Borrower only (a) to repay approximately $95,000,000 of principal and approximately $5,000,000 of interest on the Intercompany Shareholder Funding Loan and (b) to pay fees and expenses related to the offering of the Senior Notes.
Cash shall be available for distribution to the Shareholders only after the principal and accrued interest on any Shareholder Funding Default Loan has been paid in full.