Common use of Shareholder Loan Clause in Contracts

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. 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 therof 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. Each of the following events or circumstances set out below shall constitute an Event of Default.

Shareholder Loan. Where the Borrower applies any of the proceeds of the Facility Facilities 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 Lender. HRBN - Term Loan Facility Agent.Agreement

Shareholder Loan. Where the Borrower applies any of the proceeds of the Facility Facilities 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 AgentLender.