Common use of Shareholders’ Register Clause in Contracts

Shareholders’ Register. The Borrower shall not record any entry in the shareholders register of the Borrower of any kind whatsoever including, without limitation, in respect of any security interest in any of the share capital of the Borrower, transfer of shares or issuance of shares (a) without providing to NIB at least five (5) Business Days prior notice in respect of such entry and within five (5) Business Days after such entry is made a copy of the shareholders register of the Borrower reflecting such entry, and (b) without certifying to NIB in such notice that after such entry is made, 100% of the share capital of the Borrower, subject to Section 4.05 of the Share Retention and Subordination Deed and Section 4.4 of the Security Agreement Over Shares, shall be subject to the Security Agreement Over Shares.

Shareholders’ Register. The Borrower shall not record any entry in the shareholders register of the Borrower of any kind whatsoever including, without limitation, in respect of any security interest in any of the share capital of the Borrower, transfer of shares or issuance of shares (a) without providing to NIB the Bank at least five (5) Business Days prior notice in respect of such entry and within five (5) Business Days after such entry is made a copy of the shareholders register of the Borrower reflecting such entry, and (b) without certifying to NIB the Bank in such notice that after such entry is made, 100% of the share capital of the Borrower, subject to Section 4.05 of the Share Retention and Subordination Deed and Section 4.4 of the Security Agreement Over Shares, shall be subject to the Security Agreement Over Shares.

Shareholders’ Register. The Borrower shall not record any entry in the shareholders register of the Borrower of any kind whatsoever including, without limitation, in respect of any security interest in any of the share capital of the Borrower, transfer of shares or issuance of shares (a) without providing to NIB EDC at least five (5) Business Days prior notice in respect of such entry and within five (5) Business Days after such entry is made a copy of the shareholders register of the Borrower reflecting such entry, and (b) without certifying to NIB EDC in such notice that after such entry is made, 100% of the share capital of the Borrower, subject to Section 4.05 of the Share Retention and Subordination Deed and Section 4.4 of the Security Agreement Over Shares, shall be subject to the Security Agreement Over Shares.