Further Finance. 4.3 If the Board considers at any time that the Business requires further finance, the Board will consider whether or not to approach the Company's bankers or other financial institutions or, in appropriate circumstances, to seek such further finance from the parties. The parties are not obliged to provide any further finance unless they both agree on the amount and method of providing the finance. Unless they agree otherwise, they (or members of their respective Groups) shall contribute the same amount to the Company (whether by subscribing for shares, stock or debentures or by way of loan or otherwise), at the same time and on the same terms.
Further Finance. Except otherwise agreed by all Shareholders in writing, no Shareholder shall be obliged to contribute further funds (whether in the form of debt or equity) to the Company or any of the Group Companies under any circumstances, even in the event that the Company or any of the Group Companies requires further funding for its operations.
Further Finance. (a) If, after the date of this Agreement, FAC shall in the opinion of the Board require further finance, FAC shall first approach its own bankers. The parties shall not be obliged to provide guarantees for FAC's liabilities in respect of such finance.
Further Finance. 2.1 The Shareholders intend that the Group shall be self-financing and, to the extent that it requires additional funding shall obtain additional funds from third parties without any recourse whatsoever to the Shareholders.
Further Finance. 2.6.1 The estimated planned capital expenditure for the Company for illustration purpose only will be: Item Total Value (US$’000) Phase1 Value (US$’000) Phase2 Value (US$’000) a. Capex of Knitting 3,150 630 2,520 b. Capex for Dye and Print Factory 14,627 9,363 5,264 c. Capex for lab, WH, and office 2,212 2,212 - d. Capex for Factory Set up 3,609 2,350 1,259 e. Capex for water system 1,316 1,316 - f. Capex for boiler and power station 4,942 2,546 2,396 Total: 29,856 18,417 11,439 Note: Once the production capacity of phase 1 loads over 60%, the Parties shall perform capital injections in the amount of phase 2 value as presented in the capex table immediately above.
Further Finance. 3.3 (a) If the Board considers at any time that the Company requires further finance, the Company shall (without prejudice to clause 5) first approach its own bankers. The parties shall not be obliged to provide guarantees for the Company's liabilities in respect of such finance but, if they do so, they shall be given in equal proportions. The liabilities of the parties under any such guarantees shall be several and, if a claim is made under any such guarantee against a party, that party shall be entitled to a contribution from the other party such as to ensure that the aggregate liability is borne in equal proportions.
Further Finance. 3.4 If the Board considers at any time that the Business requires further finance, the Board will consider whether or not to approach the Company's bankers or other financial institutions or, in appropriate circumstances, to seek such further finance from the Members. No Member shall be obliged to provide any such further finance unless such Member agrees in writing on the amount and method of providing the finance.
Further Finance. 3.6(a) If FAC shall in the opinion of the Board require further finance, FAC shall first approach its own bankers. The parties shall not be obliged to provide guarantees for FAC's liabilities in respect of such finance but, if they do so, they shall be given in equal proportions. The liabilities of the parties under any such guarantees shall be several and, if a claim is made under any such guarantee against a party, that party shall be entitled to a contribution from the other party such as to ensure that the aggregate liability is borne in equal proportions.
Further Finance. 5.1 Each Partner undertakes that it will during the term of this Agreement contribute its Percentage Share of all funding required by any relevant Budget or as agreed by the Partnership Board pursuant to clause 5.3.
Further Finance. 6.3 If the Board considers at any time that further finance is required for the Business, the Board must submit such matter to a Shareholders' meeting for approval. The Shareholders shall discuss in good faith whether to provide such further finance, and if so, the method and timing by which such finance is to be provided. Any further contribution of finance to the Investment Vehicle (whether by way of subscription for Shares, stock or debentures or by way of loan or otherwise) shall, unless otherwise agreed between the Shareholders, be made by each of them in the proportion of the Percentage Interests, at the same time and on the same terms.
