Repayment of Shareholder Loans. Prior to the initial public offering of the Company, the Principals shall, and shall, together with the Warrantors, cause the other relevant senior officers of the Group Companies to fully repay the Offshore Shareholder Loans and Onshore Shareholder Loans, as applicable.
Repayment of Shareholder Loans. 11.8.1 Subject to clause 11.8.2 below, Shareholder Loans (other than any Shareholder Loans for Additional Contributions, which shall be repaid first) shall only be repaid pro rata to the principal amounts outstanding at the time of repayment.
11.8.2 The parties agree that, upon the transfer of any Shares by Xxxxxxxxx or the PT AM Party to any other person, the relevant transferee may, as a condition of the transfer, be required by the transferring Shareholder to pay to the Company (such payment being a Shareholder Loan) an amount equal to the appropriate proportion of the outstanding Shareholder Loans (excluding Additional Contributions, if any) of such transferring Shareholder, in which case the Parties shall procure that such amount is immediately used by the Company to repay such appropriate proportion of such Shareholder Loans to the relevant Shareholder provided that Company is not adversely affected or does not incur unreasonable costs in doing so. For this purpose, the appropriate proportion is calculated by reference to the number of Shares being transferred as compared with the total number of Shares held (immediately prior to such transfer) by such transferring Shareholder.
Repayment of Shareholder Loans. The Purchaser shall, or shall cause the relevant Group Companies to, fully repay (a) the Onshore Shareholder Loans within five (5) Business Days after the Closing Date, and (b) the Offshore Shareholder Loans within five (5) Business Days after it receives the Seller’s notice in accordance with Section 2.7(c), regardless of whether the Seller agrees or disagrees with the Accounting Firm’s calculation of the Closing Examination Final Purchase Price.
Repayment of Shareholder Loans. Repaying any debt owing by the Corporation to any Shareholder or any associate or affiliate of a Shareholder or making or entering into any agreement or amending, modifying, restoring, replacing or supplementing any contract by the Corporation restricting, or permitting any other party to accelerate or demand payment of Corporation indebtedness upon the sale, transfer, or other disposition by a Shareholder of his or her shares or loan; and Share Capital
Repayment of Shareholder Loans. 48 9.2.5 Certificate Regarding Foreign Status.................................................... 48 9.2.6 Receipt of Audit........................................................................ 48 9.2.7 Termination of Related Party Agreements................................................. 49 9.2.8
Repayment of Shareholder Loans. The General Partners shall each repay the loans, if any and to the extent then outstanding, made by the Company to them.
Repayment of Shareholder Loans. As at the date of the Variation Agreement and pursuant to the JVA, the Company has extended interest-free shareholder loans to the JVC in the aggregate principal amount of approximately S$406,000 (“Shareholder Loan”). Pursuant to the Variation Agreement, the JVC shall repay all loans, debts and other amounts owning or due to the Company and/or its subsidiaries (“Group”), including the Shareholder Loan, advances, receivables and any payments made by the Group on behalf of the JVC to the Group (“Indebtedness”), in the following manner: (i) S$50,000 on the date of the Variation Agreement; and (ii) the balance of the Indebtedness within 14 calendar days from the date of the Variation Agreement. The Shareholder Loan has been secured by guarantees from Arke and its shareholder pursuant to the Variation Agreement.
Repayment of Shareholder Loans. Subject to the terms of this Agreement, the Company shall pay to the Principals the aggregate of Fifty-six Thousand One Hundred Seventeen Dollars ($56,117) representing the Net Loan Amount, by check or wire transfer of funds to an account or account designated by the Principals. All of the parties hereto agree and acknowledge that such payment by the Company of the Net Loan Amount is in full satisfaction of the Company's obligation to repay any and all outstanding principal and interest with respect to the Principal Loans and the Principal's obligation to repay any and all outstanding principal and interest with respect to the Company Loans.
Repayment of Shareholder Loans. Within thirty (30) days of the Closing Date, Buyer will cause the Companies to repay loans due to Sellers in the amount reflected on the Companies' audited November 30, 1997 financial statement.
Repayment of Shareholder Loans. On or before the Closing Date, Target Corporation must repay $226,752.77 representing all principal and interest on the XCD Shareholder Loans. If, on or prior to the Closing Date, neither XCD nor Merger Subsidiary shall have paid the XCD Shareholder Loans, Merger Subsidiary shall assume the obligation to pay all amounts due with respect to the XCD Shareholder Loans. The XCD Shareholder Loans are described on Schedule 3.1.1 hereto.
