Shareholder Loan Amount definition

Shareholder Loan Amount means the outstanding portion of the principal amount of any loan provided by Geely or Etika to the Target or any of its Subsidiaries as of the date of the Put Exercise Notice, together with any accrued and unpaid interest thereon.

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Shareholder Loan Amount has the meaning given to that term in Clause 2.2;

Shareholder Loan Amount means, with respect to a Shareholder, the aggregate amount of the outstanding balance of the applicable Shareholder Loan to which such Shareholder is a party.

Examples of Shareholder Loan Amount in a sentence

As of June 3, 2010, the undersigned will remit to the Company an amount of Fifty Thousand US Dollars ($50,000) (the "Shareholder Loan Amount").
In consideration of Shareholder’s entering into this Agreement, on the Effective Time, Signature shall issue and deliver to Shareholder a promissory note (the “Signature Note”) in the Shareholder Loan Amount, in the form of as Exhibit B attached hereto.
In consideration of RDAR’s and Signature’s entering into this Agreement, ▇▇▇▇▇▇▇▇▇▇▇ agrees and consents to RDAR’s assigning the debt, including the repayment obligation associated therewith (the “Debt Assignment”), represented by the Shareholder Loan Amount to Signature.
To the extent any portion of the Shareholder Loan Amount is not converted into share capital of the Target, the Put Option Price shall be reduced by an amount equal to the outstanding portion of the principal amount of any loan provided by Geely to any Target Group Company as of the Option Closing Date.
To the extent any portion of the Shareholder Loan Amount is not converted into share capital of the Target, the Put Option Price shall be reduced by an amount equal to the outstanding portion of the principal amount of any loan provided by Etika to any Target Group Company as of the Option Closing Date.
In the event there is any outstanding loan provided by Etika to any Target Group Company as of the date of the Put Exercise Notice, Etika shall take any and all actions to convert all the Shareholder Loan Amount into share capital of the Target immediately after the date of the Put Exercise Notice.
The Parties acknowledge that none of the Share Consideration Amount, the Credit Agreement Debt Amount, the Locked Box Interest Amount or the Shareholder Loan Amount is subject to Dutch VAT.
In the event there is any outstanding loan provided by Geely to any Target Group Company as of the date of the Put Exercise Notice, Geely shall take any and all actions to convert all the Shareholder Loan Amount into share capital of the Target immediately after the date of the Put Exercise Notice.
Telos hereby agrees, with effect from Cancellation Date, to forgive and cancel the Telos Shareholder Loan Amount on the Cancellation Date in the event Enterworks receives at least the minimum offering amount in connection with the Private Placement on such date.
Seller 2 and Seller 3 may present to Purchaser and Company a letter from Commerzbank confirming that the Shareholder Loan Agreements may be repaid irrespective of such loan retention and subordination declarations in order to expedite payment of the Shareholder Loan Amount.

More Definitions of Shareholder Loan Amount

Shareholder Loan Amount means the amount required to redeem or as the case may be repay in full the Shareholder Loan Notes and the Shareholder Loan at Completion;

Shareholder Loan Amount the amount of Shareholder Loans

Shareholder Loan Amount means the amount of the repayment claims under the Shareholder Loan Agreements outstanding on the Closing Date including any interest accrued thereon until and including the Closing Date.

Shareholder Loan Amount has the meaning given in Clause 22.12(b)(ii);

Shareholder Loan Amount the total sum including principal and accrued or outstanding interest owing immediately prior to Completion by the Target Company to the Seller and/or any Seller’s Affiliate (having netted off all amounts owing by the Seller’s Affiliate to the Target Company) pursuant to the Shareholder Loans as shown in the Pro Forma Accounts or the Completion Accounts;

Shareholder Loan Amount means the amount of the principal and accrued interest outstanding under the Shareholder Loans on the Closing Date;