Shareholder Advances definition

Shareholder Advances means amounts owing from the Corporation or the Parent to their shareholders or related parties, respectively, on account of loans advanced by such shareholders to the Corporation or the Parent and as more particularly described in Schedule “B”;
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Shareholder Advances on a DES balance sheet as of September 30, 1996 disclosed to KIW, and any subsequent "Advances." The parties understand that KIW is anticipating commencing a private placement of its securities to raise funds to pay KIW's obligations pursuant to this Agreement, to provide working capital for KIW's and DES's combined operations.
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Shareholder Advances means all amounts advanced to the Company by the Vendor as shareholder loans or otherwise and reflected in the Books and Records;
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Examples of Shareholder Advances in a sentence

  • There can be no assurance that the necessary financing will be available on terms and conditions acceptable to our Group and hence, there can be no guarantee that our Group will be able to obtain sufficient borrowings to fund the BHP Development Subscription Consideration, BHP Development Shareholder Advances, development of the Bangsar Land, Montflex Shareholder Advances and development of the TAR Land.

  • Once a banking organization selects a third party, it negotiates a contract that clearly specifies the rights and responsibilities of each party to the contract.

  • Our Group may seek external financing to settle the BHP Development Subscription Consideration as well as to fund the BHP Development Shareholder Advances, development of the Bangsar Land, Montflex Shareholder Advances and development of the TAR Land.

  • This means if you want that people support a sustainable development, their needs have to be fulfilled.

  • As detailed in Section 3 of this announcement, the financial assistance currently provided by TSR Group to UMSB consist of corporate guarantee in respect of the banking facility procured by UMSB for the financing of the Subject Property, and Shareholder Advances mainly to facilitate the ordinary course of business of UMSB.

  • For illustration purpose, as at 30 June 2019, the total amount of Shareholder Advances owing by UMSB to TSR stood at approximately RM20.56 million.

  • The Proposed Disposal also serves as an opportunity for the Group to raise funds as the cash proceeds from the Indicative Disposal Consideration and the receipt of 70.0% Shareholder Advances from the Purchaser would improve the cash reserves of the Group which enables TSR to support its existing business operations and general working capital requirements, as disclosed in Section 5 of this announcement.

  • Assuming that the BHP Development Shareholder Advances pursuant to the Proposed Provision of Financial Assistance to BHP Development and the Montflex Shareholder Advances pursuant to the Proposed Provision of Financial Assistance to Montflex are provided on 30 September 2019 and fully funded via bank borrowings, the Proposed Provision of Financial Assistance to BHP Development and Proposed Provision of Financial Assistance to Montflex will not have any effect on the EPS for the FYE 30 September 2019.

  • The remaining 30.0% of Shareholder Advances will be assumed by TSR on proportionate basis according to its 30.0% equity interest in UMSB thereafter.

  • Employee shall receive additional compensation in a base amount equal to the amount of Shareholder Advances made to Employee as reported on Schedule 4.27 to the Stock Purchase Agreement.


More Definitions of Shareholder Advances

Shareholder Advances means amounts owing from the Subsidiaries to the Vendor on account of loans advanced by the Vendor to the Subsidiaries;
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Shareholder Advances means all outstanding loans due and owing from time to time by the Corporation to the Shareholders;
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Related to Shareholder Advances

  • Shareholder Loans means any shareholder loan made to the Issuer as debtor, if such loan:

  • Shareholder Loan means a loan which is granted by an AIF to an undertaking in which it holds directly or indirectly at least 5 % of the capital or voting rights, and which cannot be sold to third parties independently of the capital instruments held by the AIF in the same undertaking;

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Swing Loans means collectively and “Swing Loan” shall mean separately all Swing Loans or any Swing Loan made by the Swingline Lender to the Borrower pursuant to Section 2.6.3 [Making Swing Loans].

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Tax Advances has the meaning set forth in Section 5.07.

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Shareholder Debt means any shareholder loan made to the Issuer as debtor, if such loan:

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Revolving Loans as defined in Section 2.4(a).

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Intercompany Advance Agreement The Intercompany Advance Agreement, dated as of September 11, 2009, between Ally Bank and Ally Auto, as amended, supplemented or modified from time to time.

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Swing Line Loans as defined in Section 2.6.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Purchaser Preferred Stock means the shares of preferred stock, par value $0.0001 per share, of the Purchaser.