Ownership of Guarantors. 22.26.1 Subject to Clause 22.26.3, the Borrower shall ensure that 100 per cent. of the securities in the issued capital of each Guarantor (other than Holdco and Cash Paymaster) are owned, directly or indirectly, legally and beneficially, by the Borrower.
Appears in 4 contracts
Samples: Common Terms Agreement (Net 1 Ueps Technologies Inc), Common Terms Agreement (Net 1 Ueps Technologies Inc), Common Terms Agreement (Net 1 Ueps Technologies Inc)
Ownership of Guarantors. 22.26.1 Subject to Clause 22.26.3, the Borrower shall ensure that 100 per cent. of the securities in the issued capital of each Guarantor (other than Holdco Holdco, SmartSwitch Netherlands and Cash PaymasterNet1 Applied Technologies Netherlands) are owned, directly or indirectly, legally and beneficially, by the Borrower.
Appears in 2 contracts
Samples: Common Terms Agreement (Lesaka Technologies Inc), Restatement Agreement (Net 1 Ueps Technologies Inc)
Ownership of Guarantors. 22.26.1 25.26.1 Subject to Clause 22.26.325.26.3 below, the Borrower shall ensure that 100 per cent. of the securities in the issued capital of each Guarantor (other than Holdco and Cash Paymaster) are owned, directly or indirectly, legally and beneficially, by the Borrower.
Appears in 2 contracts
Samples: Common Terms Agreement (Net 1 Ueps Technologies Inc), Common Terms Agreement (Net 1 Ueps Technologies Inc)
