Shareholders' Loans. Schedule 7.12 lists all outstanding loans by the Shareholders or their Affiliates to any Subject Companies (the “Shareholder Loans”).
Shareholders' Loans. The parties agree that any present or ------------------- future shareholder loans to Cyberfast (including Mr. and Xxx. Xxxxxxxxx'x current loan), will be reimbursed only according to a plan based on available cash flow, and in any case, without affecting the operations of the Company. However, it is also agreed that, should the operations of the Company, as reflected in the Business Plan, require that the Controlling Stockholders pay new finance into the Company as shareholder's loan before the date of the First Closing, such contributions, provided that they have been authorized by FATA and within a maximum amount of two hundred thousand dollars (US $200,000), can be reimbursed immediately after the First Closing.
Shareholders' Loans. To finance the investment in the construction of the third production line the Company entered into further loan agreements with the shareholders in 2008. The loans amount to EUR 11,650 thousand each from Q-Cells and REC and USD 18,174 thousand from Evergreen. Also, the loan agreements for EUR 30 million made the year before with each of the shareholders were still in effect at the reporting date. In Annex 1.5 / 23 accordance with the provisions of the syndicated loan agreement, shareholders’ rights to repayment of these loans are subordinate to the loan repayment rights of the banks. Early repayment is possible only with the approval of the banks or out of the proceeds of a public offering. At present, the Company does not expect to go public before December 31, 2009. The shareholders’ loans are therefore reported under non-current borrowings. In December 2008 the shareholders approved further loans totaling EUR 24 million, of which EUR 12 million was disbursed to the Company. Each shareholder contributes the same amount of loan, in keeping with the percentage interests in the Company, Evergreen’s loan being granted in USD. The relevant loan agreements were signed in January 2009. The balance of EUR 12 million will be disbursed when called by the Company. The loans have terms running until June 30, 2010. Further information will be found in Note 4.3. Related party disclosures.
Shareholders' Loans. 12. The Parties agree that the Corporation may obtain its financing through loans from the Shareholders at a prime rate of plus one percent (1%) accruing annually and payable at the end of the loan term, that they will actively pursue and work towards attaining satisfactory bank credit and financing for the Corporation, it being the intention of the Parties that such financing be sought in the highest amount necessary so the equity investment required by the Shareholders should be kept to a minimum.
Shareholders' Loans. Any shareholder loans agreements (if applicable) in respect of any loan from the Parent Guarantor to a Borrower, together with evidence:
Shareholders' Loans. If the Purchase Price is reduced as described in paragraph 1.4 above, the cash portion of the Gap Amount up to a maximum of U.S. $150,000 shall be applied toward repayment of the loans made to the Company by Seller (the "Shareholder Loans"). The Company will then execute a promissory note in Buyer's favor incorporating the same terms and conditions, as the remaining Shareholder's Loans require, in the amount of the payment made to Seller on the Shareholder Loans. After the Closing, the Company will pay the Seller and the Buyer $20,000 (Canadian) per month until the Shareholder's Loans are paid in full. If the Company's cash flow will not allow for both Buyer and Seller to receive $20,000 (Canadian) payments on their Shareholder Loans, the cash that is available for the Shareholder Loan payments shall be paid out equally to Buyer and Seller.
Shareholders' Loans. As at the date of this announcement, a shareholder’s loan of RMB4,600,000 and US$6,750,000 was lent by the Company to Dawang Cargo Terminals expiring on 31 December 2018 and a shareholder’s loan of RMB36,210,000 was lent by the Group to Dawang Logistics expiring on 31 December 2018. The above-mentioned shareholder’s loans are not the subject of the Equity Transfer and shall constitute a continuing connected transaction immediately upon the Completion of the Equity Transfer. The Company shall make necessary disclosure in respect of the shareholder loans in due course. INFORMATION ON THE COMPANY The Company and its subsidiaries are mainly engaged in provision of management and other related services to high-speed waterway passenger transportation in Guangdong, Hong Kong and Macau; the operation and management of river trade cargo terminals in the PRC and Hong Kong; and cargo transportation, warehousing and storage businesses; provision of diesel and lubricants for passenger ferries and cargo vessels in Hong Kong; and provision of operation and management of facilities maintenance services for properties and so forth in Macau.
Shareholders' Loans. The Vendor shall assign all outstanding shareholders' loans to the Purchaser, on or before the Closing.
Shareholders' Loans. As at the date hereof there are no loans outstanding from shareholders to the Company, other than as disclosed in Schedule 2.2.
Shareholders' Loans. As at the date hereof there are no loans outstanding from shareholders to the Purchaser, other than as disclosed in the most recent Baradero Financial Statements.
