Shareholder Loan. As of June 3, 2010, the undersigned will remit to the Company an amount of Fifty Thousand US Dollars ($50,000) (the "Shareholder Loan Amount").
Shareholder Loan. The Purchaser acknowledges that Gruering has advanced loans to the Company as a shareholder loan. Such shareholder loan shall be converted into 1,097,145 shares of Common Stock of the Purchaser as of the Closing Date. Said shareholder shall execute a release to the Company in the form attached hereto as Exhibit A.”
Shareholder Loan. Where the Borrower applies any of the proceeds of the Facility to fund any shareholder loan to any Group Company, the Borrower shall not assign, transfer or otherwise deal with any interest in such shareholder loan or the relevant shareholder loan agreement or any part thereof or create or permit to subsist any Security Interest thereon or agree or purport to do any of the foregoing without the prior written consent of the Facility Agent.
Shareholder Loan. Shareholder Loan" shall mean the outstanding amount and accrued interest of the loan granted by Seller to the Company pursuant to the loan agreement, dated April 29, 2010, including Seller’s contractual rights thereunder.
Shareholder Loan. If the promissory note in favor of the Selix X. Xxxxxx Xxxst has not been paid in full prior to the Effective Time, Parent will immediately cause the Surviving Corporation to pay in full all of the outstanding principal of and unpaid interest on such promissory note.
Shareholder Loan. The Seller as lender has granted an interest-bearing loan to MIG as borrower under a certain shareholder loan agreement dated 11 August 2015 with a principal amount of EUR 2,598,464.24 (in words: Euro two million five hundred ninety-eight thousand four hundred and sixty-four and twenty-four cents) bearing interest at a rate which is calculated in accordance with Section 12.1 of the Senior Facilities Agreement plus a margin of 0.10% (the “Shareholder Loan”). As of 31 December 2017, the outstanding amount (including unpaid interest accrued thereon) under the Shareholder Loan was equal to EUR 2,694,175.21 (in words: Euro two million, six hundred ninety-four thousand, one hundred seventy-five and twenty-one cents).
Shareholder Loan. Section 7.12 of the Purchase Agreement is hereby deleted in its entirety and replaced with the following:
Shareholder Loan. (i) Save for the Shareholder Loan to be assigned to Buyer, there is no amount owing to Seller by the Company or Zhongce or their Affiliates or their directors, shareholders or employees.
(ii) At Closing, the amount of the Shareholder Loan to be assigned to Buyer will represent the entire amount owing by the Company to Seller or any other Person.
(iii) Seller is entitled to assign the Shareholder Loan to Buyer pursuant to the Deed of Assignment free from any Encumbrances.
Shareholder Loan. The aggregate principal amount of the Shareholder Loan that may be drawdown by the Borrower is described under Paragraph 3 of the First Schedule to this Agreement.
Shareholder Loan. The Administrative Agent shall have received a duly executed amendment, in form and substance reasonably satisfactory to the Administrative Agent, in respect of that certain Shareholder’s Loan Agreement dated as of July 14, 2021, between Borrower, as borrower and Weichai America, as lender.
