Common use of Further Funding Clause in Contracts

Further Funding. 13.2.1 The Company shall not, and shall procure that its Subsidiaries will not, issue debt instruments to individuals or institutional investors or seek any debt financing to fund the activities of the Group. Notwithstanding the previous sentence, the Company and its Subsidiaries may, solely in the context of partnerships or (funded or unfunded) risk participations with third parties, enter into arrangements that result in financial obligations, including debts and payment obligations, of Subsidiaries of the Company. 13.2.2 If the Company, the Development Subsidiary, Investment Subsidiary or Regulations Subsidiary, requires, or wishes to obtain (further) financing, the Management Board may, subject to the approval of the Supervisory Board, without prejudice to Clause 13.1 (No obligation to provide financing), seek further financing from the Shareholders, in the form of Shares A, Shares B, other Shareholder funding, or a combination thereof.

Appears in 5 contracts

Samples: Joint Venture Agreement, Joint Venture Agreement, Joint Venture Agreement

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