Shareholder Obligations definition

Shareholder Obligations means any and all indebtedness, claims, debts, liabilities, obligations, fees and expenses of the Company owing to the Shareholder or any Shareholder Affiliates pursuant to the Notes held or owned, beneficially or of record, by the Shareholder and all Shareholder Affiliates.
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Shareholder Obligations means all indebtedness, liabilities and obligations owing by Borrower to M▇▇▇▇▇▇ ▇▇▇▇▇▇ and the Rebel Family Trust under or in respect of the documents evidencing the Shareholder Loan, which Shareholder Obligations are unsecured and subordinated in right of payment to the Obligations pursuant to a subordination agreement between the Shareholders and Lender in form and substance satisfactory to Lender.
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Shareholder Obligations means all loans made by the Company to any of its shareholders (whether or not any such loan has been reserved against on any balance sheet of the Company) and the accrued interest thereon.
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Examples of Shareholder Obligations in a sentence

  • Comcast acknowledges and agrees that, with respect to all Comcast Shareholder Obligations to pay money, such guaranty shall be a guaranty of payment and performance and not of collection and shall not be conditioned or contingent upon the pursuit of any remedies against Comcast Shareholder.

  • At the Closing, Parent shall make payments in accordance with Section 2.13(b) and the Consideration Spreadsheet, in an amount equal to the result of (i) the Preferred Preference Merger Consideration, plus (ii) the Common Preference Merger Consideration, plus (iii) the Closing Participation Merger Consideration, minus (iv) the Exchanged Options Exercise Price minus (v) the Shareholder Obligations Amount (the result of immediately preceding clauses (i) – (v), the “Closing Merger Consideration”).

  • Section 6.3 ESOP 35 Section 6.4 Additional Shareholder Obligations 35 Article VII.

  • Shareholder Obligations in respect of Ventures.....................................47 SECTION 6.12.

  • Neither SBC nor Shareholder is a party to any contract, agreement, understanding, arrangement or commitment, oral or in writing, expressed or implied (a) regarding or relating to the employment of any officer, director, or employee which is not terminable on 30 days (or less) notice; (b) except for the ▇▇▇▇▇▇ Debt, relating to the borrowing of money; or (c) except for the Shareholder Obligations, any guarantee of any obligation for the borrowing of money or otherwise.

  • In such connection, the Buyer may reduce the Prices payable to Seller with respect to each invoice dated from and after the incurrence any ABS Shareholder Obligations, at the rate of 25% of the total amount due on such invoice until the ABS Shareholder Obligations shall have been paid in full.

  • Notwithstanding anything herein to the contrary, the Shareholder Obligations shall survive the Closing for a period that expires the later of: (i) not less than thirty (30) months from the Closing Date, or (ii) any later date set forth in this Agreement or any of the agreements that are part of the Contemplated Transactions, or (iii) by reason of any extension or tolling that is authorized by law or as a matter of law.

  • Neither SBC nor Shareholder is in default under the terms of any of the Shareholder Obligations or any other contract, agreement, lease, or other commitment which is material to the business, operations, properties, assets, or condition of SBC, and there is no event of default or other event which, with notice or lapse of time or both, would constitute a default under the Shareholder Obligations or any other contract, agreement, lease, or other commitment.


More Definitions of Shareholder Obligations

Shareholder Obligations means those notes payable to the Company or Themis by the holders of Company Capital Stock listed on Schedule 1.1(f). “Shareholder Obligations Amount” means the aggregate amount of principal and accrued interest outstanding under the Shareholder Obligations as of immediately prior to the Effective Time. “Shareholder Obligors” means those holders of Company Capital Stock obligated under Shareholder Obligations listed on Schedule 1.1(g). “Shareholder Representatives” has the meaning assigned to such term in the opening paragraph of this Agreement. “Shareholder Representative Expense Amount” means $500,000. “Shareholder Representative Expenses” has the meaning assigned to such term in Section 11.12(d). “Shareholder Representative Fund” has the meaning assigned to such term in Section 2.15(c). “Software” means any software or computer program, including firmware and other software embedded in hardware devices, whether in the form of source code, assembly code, script, interpreted language, instruction sets or binary or object code (including compiled and executable programs), and including any library, component or module of any of the foregoing, together with any related (i) default configuration and runtime files needed for the proper and complete operation of the Software, (ii) user or administrator documentation, training materials and other help files, and (iii) databases and database schema. With respect to source code, “Software” also includes (A) all code written in any programming language or scripting language, (B) developer documentation and diagrams, including those relating to algorithms, databases, APIs, classes or specifications, (C) header or interface definition files, (D) specifications, including database schema, (E) runtime and interpreted data and files used in the generation of the Software in distributable format, (F) performance metrics, bug and feature lists, and build, release and change control manifests, (G) testing, validation, verification and quality assurance materials, including unit tests, and (H) bug report/resolution and user support/resolution databases. “Solvent” has the meaning assigned to such term in Section 4.6. “Statement of Objections” has the meaning assigned to such term in Section 2.20(c)(ii). “Stock Option Plans” means the Company’s 2003 Stock Option Plan, as amended, and the Company’s 2014 Stock Option Plan. “Straddle Period” means any taxable period beginning on or before the Closing Date and ending after the C...
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