Examples of Shareholder Liabilities in a sentence
Prior to the Final Discharge Date, the Shareholder Creditors may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss in respect of the Shareholder Liabilities.
Shareholder Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
Shareholder Liabilities) and Clause 7.2 (Permitted Payments: Shareholder Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those clauses.
Subject to Clause 7.8 (Permitted enforcement: Shareholder Creditors), none of the Shareholder Creditors shall be entitled to take any Enforcement Action in respect of any of the Shareholder Liabilities at any time prior to the Final Discharge Date.
This Agreement does not purport to rank any of the Intra-Group Liabilities and the Shareholder Liabilities as between themselves.
Subject to Clause 9.8 (Permitted Enforcement: Shareholder Creditors), none of the Shareholder Creditors shall be entitled to take any Enforcement Action in respect of any of the Shareholder Liabilities at any time prior to the Final Discharge Date.
Nothing in this Agreement will be deemed to limit the joint and several obligations of the Shareholders to pay the Reserved Shareholder Liabilities in full.
Subject to Clause 9.4 (Acquisition of Shareholder Liabilities) and to the terms of the other Debt Documents, any Shareholder Creditor may assign any of its rights and benefits or transfer any of its rights, benefits and obligations in respect of the Shareholder Liabilities if the assignee or transferee has (if not already party to this Agreement as a Shareholder Creditor) acceded to this Agreement as a Shareholder Creditor, pursuant to Clause 19.13 (Creditor/Creditor Representative Accession Undertaking).
The Company shall cause each of the Debtors to reasonably cooperate with Parent and its counsel and the Professionals for the First-Lien Debtholders and Second-Lien Debtholders in any such litigation, proceedings or negotiations and, on behalf of itself and each of the other Debtors, hereby irrevocably authorizes Purchaser to settle any Claim relating to Shareholder Liabilities on such terms as Purchaser may determine, provided, however, that such settlement is subject to the occurrence of the Closing.
Each of the Senior Agent, RPM, the Shareholders and the Intra-Group Creditors will on request by any of the others or the Security Agent from time to time notify the others and the Security Agent of details of the amount of outstanding Senior Liabilities, its outstanding RPM Liabilities, its outstanding Shareholder Liabilities or its Intra-Group Liabilities respectively.