Common use of Stockholder Loans Clause in Contracts

Stockholder Loans. In the event that any stockholder of the Company has outstanding loans from the Company as of the Effective Time, the consideration payable to such stockholder, or his or its Affiliates, pursuant to this Section 2.01 shall, to the extent permitted by applicable law, be reduced by an amount equal to the outstanding principal plus accrued interest of such stockholder's loans as of the Effective Time.

Stockholder Loans. In the event that any stockholder of the Company Stockholder has outstanding loans from the Company as of the Effective Time, the consideration payable to such stockholder, or his or its Affiliates, Company Stockholder pursuant to this Section 2.01 shall, to the extent permitted by applicable law, 1.6 shall be reduced by an amount equal to the outstanding principal plus accrued interest of such stockholder's Company Stockholder’s loans as of the Effective TimeTime in retirement of such amount owed to the Company. Any such amounts shall be treated for all purposes of this Agreement as having been paid to such Company Stockholder pursuant to this Section 1.6.

Stockholder Loans. In the event that any stockholder of the Company Stockholder has outstanding loans from the Company as of the Effective Time, the consideration payable to such stockholder, or his or its Affiliates, stockholder pursuant to this Section 2.01 shall, to the extent permitted by applicable law, 1.7 shall be reduced by an amount a number of shares of Parent Common Stock equal to the quotient of (x) the outstanding principal plus accrued interest of such stockholderCompany Stockholder's loans as of the Effective Time, divided by (y) the Final Trading Price.

Stockholder Loans. In the event that any stockholder of the Company has outstanding loans from the Company as of the Effective Time, the consideration payable to such stockholder, or his or its Affiliates, pursuant to this Section 2.01 shall, to the extent permitted by applicable law, be reduced by an amount equal to the outstanding principal plus accrued interest of such stockholder's loans as of the Effective Time.

Stockholder Loans. In the event that any stockholder of the Company Stockholder has outstanding loans from the Company as of the Effective Time, the consideration payable to such stockholder, or his or its Affiliates, stockholder pursuant to this Section 2.01 shall, to the extent permitted by applicable law, 1.6 shall be reduced by an amount equal to the outstanding principal plus accrued interest of such stockholder's loans as of the Effective Time.

Stockholder Loans. In the event that any stockholder of the Company Stockholder has outstanding loans from the Company as of the Effective Time, the consideration payable to such stockholder, or his or its Affiliates, Stockholder pursuant to this Section 2.01 shall, to the extent permitted by applicable law, 1.6 shall be reduced by an amount equal to the outstanding principal plus accrued interest of such stockholderStockholder's loans as of the Effective Time.