Examples of Shareholder Guarantors in a sentence
Section 6.01(s) is amended by adding the words "or, in the case of the Baron Capital Letter of Credit, as the result of a draw thereunder pursuant to Section 1(e) of the Baron Capital Guaranty" immediately after the words "the relevant Shareholder Guarantor's obligations thereunder".
The CBA Facility was drawn to $90 million, and accrued interest and other fees of $6.8 million were also payable.The CBA Facility was secured over the assets of certain companies in the TEN Group and was also guaranteed by the Shareholder Guarantors.
As consideration for providing theguarantees, fees were payable to the Shareholder Guarantors and as at 14 June 2017 a total of $32.6 million in fees were owing by TEN to the Shareholder Guarantors.By 12 June 2017, each of the Shareholder Guarantors had advised the directors of TEN that they would not extend their guarantees in respect of the CBA Facility beyond December 2017.Claims by US StudiosNetwork Ten has long-term content agreements with CBS and Fox to acquire content produced by those studios.
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As consideration for the Shareholder Guaranties, the Company agreed to issue common stock purchase warrants to the Shareholder Guarantors in an amount equal to 0.325 warrants for each dollar of debt under the agreement guaranteed by such Shareholder Guarantors (the “Guarantor Warrants”).