Examples of Shareholder Funding in a sentence
Duration and Funding Estimates for PG&E Shareholder-Funded System Enhancement Initiatives Shareholder-Funded System Enhancement InitiativesEstimated Duration (Years)10 10 The estimated duration runs from the Effective Date.11 For any System Enhancement Initiative listed with “—” in the Estimated Shareholder Funding column, the Settling Parties expect any costs to be de minimis or full time employee time only.
However, deferred coupon payments become payable if European Energy A/S decides to pay dividends to shareholders or makes payment in respect of any Subordinated Shareholder Funding.
Cash shall be available for distribution to the Shareholders only after the principal and accrued interest on any Shareholder Funding Default Loan has been paid in full.
The relevant terms and conditions of each Shareholder Funding, which shall be on an arm’s length basis and on market terms, shall be discussed in good faith and agreed on by the Company, Chiyoda, NYK and JVCo prior to Completion.
The proceeds of any Shareholder Funding provided pursuant to Clause 5.3 (Sponsor undertaking) shall be paid into the relevant Disbursement Account or, following the occurrence of an Event of Default which is continuing, as the Intercreditor Agent or the relevant Security Trustee and Agent may from time to time direct provided that, in each such case, the proceeds of such Shareholder Funding may only be applied towards Project Costs.