By CSM. (1) CSM further undertakes that, so long as any sum remains to be lent or remains payable under the Credit Agreement, it will be (either directly or through any one or more of its wholly-owned subsidiaries) the legal and beneficial owner of at least 51 per cent. of the issued share capital of the Borrower and Singapore Technologies Pte Ltd will be (either directly or through any one or more of its wholly-owned subsidiaries) the legal and beneficial owner of at least 51 per cent. of the issued share capital of CSM.
Appears in 4 contracts
Samples: Shareholders Undertaking (Chartered Semiconductor Manufacturing LTD), Shareholders Undertaking (Chartered Semiconductor Manufacturing LTD), Loan Agreement (Chartered Semiconductor Manufacturing LTD)
