Offshore Shareholder Loans definition
Offshore Shareholder Loans means the shareholder loans extended by the Company or its offshore Affiliates, as applicable, to the Principals and/or the Principal Holding Companies with a total principal amount of RMB15,131,214.70.
Examples of Offshore Shareholder Loans in a sentence
Prior to the initial public offering of the Company, the Principals shall, and shall, together with the Warrantors, cause the other relevant senior officers of the Group Companies to fully repay the Offshore Shareholder Loans and Onshore Shareholder Loans, as applicable.
The Purchaser shall, or shall cause the relevant Group Companies to, fully repay (a) the Onshore Shareholder Loans within five (5) Business Days after the Closing Date, and (b) the Offshore Shareholder Loans within five (5) Business Days after it receives the Seller’s notice in accordance with Section 2.7(c), regardless of whether the Seller agrees or disagrees with the Accounting Firm’s calculation of the Closing Examination Final Purchase Price.