Finance for the Company. 6.1 If the Company requires capital, the Company may request such capital from the Shareholder provided that the Shareholder shall not be obliged to provide any guarantee or security in respect of any indebtedness of the Company or to put up the finance concerned.
6.2 If the Company requires further capital, the Company shall endeavour to obtain such finance from a third party lender on the best terms which could reasonably be expected to be obtained in the open market provided that the Shareholder shall not be obliged to provide any guarantee or security in respect of any indebtedness of the Company or to put up the finance concerned.
Finance for the Company. 11.1 The Shareholders agree that the financing for the business of the Company shall be provided by loans and other credit facilities from the Company’s bankers and other parties on such terms as the Board may agree.
11.2 It is hereby agreed that none of the Shareholders shall be required to provide any form of security or comfort in respect of any banking or credit facility granted to the Company.
Finance for the Company. If the Company requires capital, the Company may request such capital from the Council provided that the Council shall not be obliged to provide any guarantee or security in respect of any indebtedness of the Company or to provide the finance concerned.
Finance for the Company. 6.1 The Company shall be financed initially by the proceeds of the share subscriptions referred to in Clause 2.3 and thereafter as set out in this Clause 6. If KSB fails to make payments to the Company as required by Clause 2.3 or, if KSB is obliged to subscribe for additional shares pursuant to Clause 6.3, as required by Clause 6.3 within 10 Business Days of the date by which such payment is stated to be payable, BBT, by written notice to KSB may require that the Company be wound up in which case Clause 18.3 shall apply.
6.2 Each of KSB and BBT will provide management time and resources pursuant to the Services Agreement and the Facilities Agreement respectively.
6.3 The Company hereby grants to KSB an option, to be exercised at any time during the Initial Term by giving written notice to the Company, to subscribe for a further 22,500 A Shares and KSB agrees and undertakes with BBT that subject to the Company achieving the First Year Milestones and providing that there has been no material breach of the Warranties it shall subscribe for such A Shares on 1 June 2002 (or such other date as the parties may agree) in either case at a purchase price per share equal to: where;
Finance for the Company. 9.1. So far as it is lawful to do so and only in accordance with the agreed Group Business Plan and each Subsidiary's Business Plan, the Companies shall be funded by loan capital and share capital.
9.2. There is no obligation on the Shareholders to provide any further finance to the Companies.
9.3. There is no obligation on the Shareholders to provide any guarantee in respect of each Company's obligations.
Finance for the Company. 7.1 The parties acknowledge and shall abide by the restrictions on borrowing for the Company as set out in section 76(3) of the Transport Act.
Finance for the Company. (A) The Shareholders intend that the finance requirements of the Company and the Subsidiary shall be consistent with the Business Plan and be met by a combination of:-
(1) cash generated through the carrying on of the Business; and/or
(2) further cash subscriptions for Shares or India Shares by the Company or each of the Shareholders in proportion to their then existing shareholdings in the capital of the Company or the Subsidiary (as the case may be); and/or
(3) loans from such companies' bankers.
(B) Any such funding as is referred to in sub-clause (A)(3) above which may be required by the Company or the Subsidiary shall insofar as possible be provided by way of non-recourse or limited recourse third party loans or other financial accommodation, including, letters of credit, from banks and other financial institutions on the most favourable terms reasonably obtainable.
Finance for the Company. 6.1 The parties envisage that the Company shall be self-financed from the cash flow of the Company and the initial cash contributions made by the Shareholders.
6.2 In the event the cash flow of the Company, together with the initial cash contributions made by the Shareholders, is insufficient for the operations of the Company, SAAMABA shall undertake to use its reasonable efforts to seek additional cash in such amounts as are necessary for the continued operations of the Company. Such additional infusion of capital can be in the form of sale of equity in the Company, loans or other financing vehicles as the board deems appropriate.
Finance for the Company. 11.1 THE LOANS 11.1.1 BP shall procure that Lend Co shall enter into the Loan Agreement at Completion for the purposes of making the Loans to ZNG.
Finance for the Company. 9.1 The Shareholders acknowledge that, in addition to capital to be subscribed pursuant to Article 4, the Company will require further cash infusions in order to fund its operations through the WFOE. InFocus and TCL may, but are not obligated to, provide such further finance by means of further capital injection or shareholder loans in proportion to their respective holdings of shares in the Company and on such commercial terms as they may agree with the Company.
9.2 If the Company requires additional financing in addition to that provided by the Shareholders pursuant to Articles 4 and 9.1, it shall endeavor to obtain such financing from a third party lender. If additional equity investment is required from the Shareholders or third parties, the Shareholders will seek to complete such investment in a manner that maintains their equal equity ownership in the Company.
9.3 It is the intention of the Parties to complete an underwritten public offering of the Company’s securities at the earliest practicable date subject to the development of the Business and market conditions.
