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. 7.1 If the Company requires additional capital:
7.1.1 the Company may request such capital in writing 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 put up the finance concerned; and
7.1.2 if the Council is not providing that additional capital, the Company shall endeavour to obtain it from a third party lender on the best terms which could reasonably be expected to be obtained in the open market provided that the Council shall not be obliged to provide any guarantee or security in respect of any indebtedness of the Company. The Company’s acceptance of that additional capital (and entry into legal documentation governing the same) is subject to clause 5.1.
7.2 The Company shall notify the Council in writing as soon as practicable upon and in any event within one Business Day of becoming aware of any actual or potential event of default under any funding agreement between that Company and the Council.
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. 10.1 The finance to be pr ovided by the Members for the C ompany shall be as set out in the Business Plan .
10.2 The Members agree that if it requires any additional finance, the Company shall be financed, so far as practicable, from external funding sources and on terms to be agreed betw een the Board, the Members and any relevant third parties and that any security required in relation to such external funding shall,if possible,be provided by the Company .
10.3 There is no obligation on the Members to provide any further finance to the Compan y but, if they do so, the Members shall each provide the same amount on the same terms unless they agree otherwise in writing.
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. 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. 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. 7.1 If the Company requires funds, the Company may request funding from the Shareholder provided that the Shareholder shall not be obliged to put up the finance concerned.
7.2 If the Company requires further funds, the Company may, subject to clause 5 as set in Schedule 1, 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 Council shall not be obliged to provide any guarantee or security in respect of any indebtedness of the Company
