Shareholder Claims definition
Examples of Shareholder Claims in a sentence
Specifically, the Settlement Fund shall be used for payment of the Allowed amount of Claims of Settling Claimants in Classes 5-10, 6A, 6B, 6C, 6D and, to the extent provided in the Litigation Facility Agreement, Litigated Shareholder Claims, and for the Allowed amount of obligations described at Sections 6.16.5 and 6.16.6 of the Plan, and for payment of the Allowed amount of Claims in Classes 4A and 11-17 to the extent provided in the Plan and the Litigation Facility Agreement.
Pursuant to the Cession and Pledge, Sibanye has pledged all of its shares in the Company (the Pledged Shares) and, ceded in securitatem debiti to the Debt Guarantor all of its rights of any nature whatsoever to and interests of any nature whatsoever in the Pledged Shares, the Pledged Share Distributions, the Disposal Proceeds and the Shareholder Claims (as defined in the Cession and Pledge).
Subject to Section 3 below, for a period of two years following the date of this Settlement, Release and Termination, each Shareholder and Bionik shall not take any action which directly or indirectly would, or could reasonably be expected to, disparage or otherwise damage the reputation of OA as they relate to the Shareholder Claims or Corporate Claims, as applicable, released pursuant to this Agreement.
Releasor (each a “Bionik Releasor” and collectively the “Bionik Releasors”) represents and warrants to and for the benefit of the OA Releasees that it has not assigned to any person, partnership, body corporate or other entity any of the Shareholder Claims or Corporate Claims, as applicable the Bionik Releasor releases by this Agreement.
Such acquisition and transfer of Shareholder Claims will be implemented by the Seller VAT neutral for the Purchaser and the Group Companies.