Equity Subscriptions definition
Examples of Equity Subscriptions in a sentence
The Equity Subscriptions and Shareholder Loans shall each separately be proportionate to the Shareholder Percentages of the respective Shareholders.
For the purposes of this Agreement, “Required Shareholder Funding” shall comprise all funding that the Shareholders (or any of them) have advanced or are required to advance (or procure the advancing of) to each Company in accordance with the approved Budgets or as otherwise required in accordance with this Agreement, including by way of Equity Subscriptions and Shareholder Loans (but shall exclude any Senior Debt provided by a Shareholder or its Affiliates).
For avoidance of doubt, no portion of any payments under this Section 25 will be treated as an Equity Subscriptions.
For the purposes of this Agreement, "Required Shareholder Funding" shall comprise all funding that the Shareholders (or any of them) have advanced or are required to advance (or procure the advancing ot) to each Company in accordance with the approved Budgets or as otherwise required in accordance with this Agreement, including by way of Equity Subscriptions and Shareholder Loans (but shall exclude any Senior Debt provided by a Shareholder or its Affiliates).
For the avoidance of doubt, any failure by a Defaulting Shareholder to comply with its obligations under Clause 3.5 (Required Equity Subscriptions) or the procedures specified in Clause 12 (Transfer of Shares) or Clause 27 (Deadlock) shall, without limitation, constitute a Material Default.