Funding Shareholder definition
Examples of Funding Shareholder in a sentence
Upon receipt of the payment of such Disputed Activity Costs in full by the Funding Shareholder, the clinical activity will cease to be a Disputed Activity.
Upon receipt of such payment in full by the Funding Shareholder the clinical activity will cease to be a Disputed Activity.
Notwithstanding the foregoing, if the Dilution Price is less than the par value per Share, then the issue price per Share payable by the Funding Shareholder (or its Affiliate) shall be the par value of a Share at that time.
For this purpose, the Relevant Proportion shall be calculated by reference to the Equity Proportion of such Funding Shareholder as compared with the aggregate Equity Proportions of all Funding Shareholders.
Such Increased Percentage Interest shall then replace the Percentage Interest of the Substitute Funding Shareholder where applicable throughout this Agreement, being reduced the Non Funding Shareholder Percentage Interest accordingly.
For the avoidance of doubt, after the Funding Shareholder actually pays the additional amount, (x) the Non-funding Shareholder may not cure its non-funding breach by providing additional funding; and (y) the late payment interest provided in Section 1.4(a) (Failure to Fund) of this Exhibit 3.7 (JV Co 4 Related Provisions) shall cease to accrue.
Such Non-Funding Shareholder will indemnify the Funding Shareholder for any cost and loss and damages incurred and suffered by the Funding Shareholder and the company due to the Non-Funding Shareholder’s failure to subscribe and pay for such Unpaid Shares in a timely manner.
In any case, the Substitute Funding Shareholder may elect at its free discretion, by giving written notice to the Non Funding Shareholder, either to acquire, at nominal value, as many of the existing shares of the Non Funding Shareholder [Example: 10 Mill.
In the event that the necessary FSA approval is not obtained by the Funding Shareholder the parties agree that the Company shall, if so required by the Funding Shareholder, repay the monies loaned under the Shareholder Loan (together with accrued interest thereon), otherwise the Shareholder Loan shall continue in accordance with its terms.
For these purposes, the Shareholders will do their best efforts in order to achieve an effective and suitable solution, assessing the relevant dilution of the Non Funding Shareholder.