Examples of Existing Shareholder Loan in a sentence
This Loan Agreement constitutes the entire agreement and understanding of the parties, and supersedes and replaces in their entirety any prior discussions, agreements, etc., including, without limitation, the Existing Shareholder Loan Agreement, all of which are merged herein.
The Lender shall have received evidence regarding the successful refinancing of the Existing Indebtedness (other than the Existing Shareholder Loan) (at the discretional satisfaction of the Lender).
Upon completion of the transactions described in Clauses 2.1 to 2.6, there shall be no debt owed directly by Preem Petroleum to Corral in respect of the Existing Shareholder Loan.
The Parties hereby agree that payments under the Existing Shareholder Loan are only allowed in accordance with the Permitted Purpose and in no event the outstanding amount under the Existing Shareholder Loan can be reduced to less than $27,000,000 (United States Dollars Twenty Seven Million) without the consent of the Lender.
Save as Disclosed and for Indebtedness under the Existing Shareholder Loan Agreement, the Groenzee Loan Agreement, the Caspian Loan Agreement and the Transaction Agreements, as of the Completion Date, the Company does not owe any Indebtedness to Sixth Energy or its directors or officers.
Existing loan notes evidencing the Existing Shareholder Loan shall be cancelled on the Effective Date.
If the amount was less than the amount of the Existing Shareholder Loan the Moto Group would waive the difference.
Any and all credits that the shareholder of the Borrower has against the Borrower, other than the Existing Shareholder Loan shall be irrevocably subordinated to the credits arising from the Loan prior to any Disbursement.