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”;
Sample 1Sample 2
Shareholder Advances means all outstanding loans due and owing from time to time by the Corporation to the Shareholders;
Sample 1
Shareholder Advances means amounts owing from the Subsidiaries to the Vendor on account of loans advanced by the Vendor to the Subsidiaries;
Sample 1

Examples of Shareholder Advances in a sentence

  • Prepaid expenses $ 2,500 Accounts payable (190) Due to a related party (9,205) Shareholder Advances (19,142) Notes payable related party (972) Total consideration $ (27,009) Pro-Forma Financial Information The following unaudited pro forma data summarizes the results of operations for the year ended February 28, 2019, as if the Merger between the Company, and Accounting Entity had been completed on February 28, 2019.


More Definitions of Shareholder Advances

Shareholder Advances means all amounts advanced to the Company by the Vendor as shareholder loans or otherwise and reflected in the Books and Records;
Sample 1
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.
Sample 1

Related to Shareholder Advances

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

  • Swing Loans each is defined in Section 1.7 hereof.

  • Term SOFR Advance means an Advance denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Adjusted Term SOFR Rate.

  • 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).

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • 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:

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Term Loan as defined in Section 2.1.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Refunded Swing Line Loans as defined in Section 2.3(b)(iv).

  • 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).

  • 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).

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.