Examples of Shareholder Loan Agreements in a sentence
It shall be a condition to any Loan hereunder which increases the aggregate of all loans made under all of the Shareholder Loan Agreements to more than $15,000,000 that (A) the Borrower shall have received the full amount of the equity contributions to which the Borrower is then entitled pursuant to the Registered Capital Contribution and Agency Agreement (B) all transfers of land use rights relating to the Site shall have been completed.
Any person acquiring some or all of the B Shares pursuant to the provisions of this clause 9.4 and the Company Articles shall also have the right to (but shall not be required to) acquire a proportion of the B Shareholder Debt equal to the proportion that the B Shares being acquired represents to the total issued B Shares (and the B Shareholder shall transfer such B Shareholder Debt) in accordance with the terms of the relevant Shareholder Loan Agreement(s), this Agreement and the Company Articles.
The amounts advanced under the Shareholder Loan Agreements are subordinated to those advanced under the Project Finance Loan Agreements and form part of our investment in MSC.
In derogation of the above, Financing Agreements, Subcontractor Agreements, Shareholder Loan Agreements, the Original Financial Model, the Updated Financial Model, the declaration referred to in Article 3.5(d), the declaration mentioned in Article 22.5(c) and the declaration specified in Article 22.5(c) may be drawn up in English.
The amounts advanced under the Shareholder Loan Agreements are subordinated to those advanced under the Project Finance Loan Agreements and form part of our investment in MSC.The amounts advanced under the Shareholder Loan Agreement bear a fixed interest rate of 7.00%.As at June 30, 2011, December 31, 2010, and January 1, 2010, the Shareholder Loan Agreement receivable was $24.2 million and the corresponding interest receivable was $4.5 million, $5.0 million, and $11.9 million respectively.