Initial Shareholder Contributions Sample Clauses

Initial Shareholder Contributions on a several basis, make Shareholder Contributions at Financial Close as follows: Share Capital Euro 14,744,354 Shareholder Loans Euro 55,255,646 For such purpose the Shareholders shall contribute the following amounts: SP Holding Euro 9,442,820 Euro 35,063,180 E&Z-IN Euro 4,291,824 Euro 16,302,176 FAHR Euro 1,009,710 Euro 3,890,290 Total Euro 14,744,354 Euro 55,255,646 Against those Shareholder Loans, a Shareholder may set off any Shareholder Loans which have already been made (SP HOLDING in the amount of EUR 4,648,526; E&Z-IN in the amount of 11,055,891; FAHR in the amount of EUR 3,888,048) but only after deduction from such loans of the following amounts as at 31.07.2002: • Parts of the Shareholder Loans made by E&Z-IN in the amount of EUR 1,095,427 to finance non-approved development costs; • E&Z-IN’s share in the amount of EUR 676,046 in the total option costs for keeping the Site available (in the amount of EUR 1,577,335, as shown on page 9 of, and the annex to the schedule to, the auditor’s report for the financial year of the Borrower ending 31 December 2001); • E&Z-IN’s share in the amount of EUR 360,339 in the ancillary costs of the Site; and the following amount has been added to such loans: • the liabilities owed by the Borrower to FAHR for delivery and services in the amount of EUR 274,580, being part of the liabilities of the Borrower to AIG for delivery and services in the overall amount of EUR 985,023 (see Limited Scope Review by PricewaterhouseCoopers dated 31 July 2002, p. 26, Liabilities to Shareholders, paragraph AIG/FAHR, row Trade Liabilities). Of the Shareholder Loans to be made in accordance with Table 1 of this Clause 2.4.12.4.1, the following loans have thus already been made, taking into consideration the assignment by FAHR of Shareholder Loans capable of being set off in an amount of EUR 272,338 to E&Z-IN: SP HOLDING Euro 4,648,526 Euro 4,648,526 E&Z-IN Euro 8,924,079 Euro 9,196,417 FAHR Euro 4,162,628 Euro 3,890,290 Total Euro 17,735,233 Euro 17,735,233 After deductions (and after assignment to E&Z-IN of the EUR 272,338 mentioned in the previous paragraph), the Shareholders shall make the following Shareholder Loans at Financial Close: SP HOLDING Euro 30,414,654 E&Z-IN Euro 7,105,759 FAHR Euro 0 12.4.1, Table 1, less the amounts allowed to be set off under this Clause 2.4. 12.4.1. Such firm of auditors will certify and produce their findings as at Financial Close, including an account audit and an audit of the ancillary costs f...