Shareholder Support definition

Shareholder Support means financial support granted by shareholding entities of the Issuer in the form of (a) guarantees for trade obligations of a Group Company in the ordinary course of business, or (b) short-term loans to a Group Company to cater for seasonal liquidity needs, with a term not exceeding five (5) months, provided that such loans or contingent liabilities under such guarantees are fully subordinated to the Secured Obligations, and that interest rates or guarantee commissions or any other remuneration related thereto (as the case may be) do not exceed those for loans or guarantees, respectively, under the Revolving Credit Facilities.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Shareholder Support means the monthly transfers by the Parent of the relevant Shareholder Support Amount to the Parent Modular Earnings Account which amount shall be utilised as specified in this Bond Agreement.

Shareholder Support has the meaning set forth in the Credit Documents.

Examples of Shareholder Support in a sentence

• Other than the Company Shareholder Support Agreements, there are no agreements, arrangements or other understandings with respect to the voting or transfer of Company’s capital stock to which Company or any of its Subsidiaries is a party and to the Knowledge of Company as of the date hereof, no such agreements between any Persons exist.

• This Amendment Deed and the Shareholder Support Agreement shall each henceforth be read, taken and construed as one and the same instrument, but such amendments and supplements shall not operate so as to render invalid or improper any action heretofore taken under the Shareholder Support Agreement.

• Upon the execution and delivery hereof, the Shareholder Support Agreement shall thereupon be deemed to be amended and supplemented as hereinabove set forth as fully and with the same effect as if the amendments and supplements made hereby were originally set forth in the Shareholder Support Agreement.

• Unless otherwise revised pursuant to this Amendment Deed, all capitalized terms used but not defined in this Amendment Deed shall have the meaning assigned to such terms in the Shareholder Support Agreement.

• Notwithstanding the foregoing, references to the date of the Shareholder Support Agreement (as amended hereby) and references in the Shareholder Support Agreement to “the date hereof,” “the date of this Agreement” and terms of similar import shall in all instances continue to refer to September 15, 2021.

More Definitions of Shareholder Support

Shareholder Support means any undertaking, covenant, guarantee of, performance bond from, pledge of Shares held by, or any other recourse to, the Shareholders, and provided by the Shareholders to, or in favour of, any third person pursuant to any financing arrangement of the Company or any other Group Company from time to time;

Shareholder Support has the meaning set forth in the Credit Documents. "Smelter License Agreement" means the agreement to be entered into between PTSC and MMC pursuant to which MMC will grant to PTSC a license of the Mitsubishi Continuous Copper Smelting and Converting Process, and any subsequent modifications, supplements or amendments thereto. "Stage 2 Completion Date" shall have the meaning set forth in the Loan Agreement. "Standard Dollar Interest Rate" shall mean the published prime commercial lending rate of The Chase Manhattan Bank or its successor. "Standard Rupiah Interest Rate" shall mean the published prime commercial lending rate of Bank Indonesia or its successor. "Subordinated Shareholder Loan" means a loan made by any Shareholder to PTSC which by its terms is expressly made subordinate to the Project Loans. "Subsidiary" means any entity in which a Party to this Agreement holds, directly or indirectly, through one or more intermediaries, beneficial ownership of fifty percent (50%) or more of the voting shares or equity interests. "Sulfuric Acid Sale and Purchase Agreement" means the agreement to be entered into between PTSC and PG pursuant to which PG will purchase from PTSC, and PTSC will sell to PG, PTSC's sulfuric acid output, and any subsequent modifications, supplements or amendments thereto. "Support Fee" shall have the meaning set forth in the Offshore Operation and Technical Assistance Agreement. "Termination Date" shall have the meaning set forth in the Loan Agreement. "Transfer" means any pledge, mortgage, hypothecation, encumbrance, assignment, sale, conveyance or disposition, whether voluntarily, by operation of law, at judicial sale or otherwise. "Utility Supply Agreements" means the agreements to be entered into between PTSC and suppliers of power, oxygen, low pressure steam, natural gas, and industrial water pursuant to which such suppliers will provide said utilities to PTSC, and any subsequent modifications, supplements or amendments thereto. "VAT Support" shall have the meaning set forth in the Credit Documents. "Voluntary Capital Contributions" shall have the meaning set forth in the Credit Documents.

Shareholder Support has the meaning set forth in the Shareholder Support Agreement.

Shareholder Support has the meaning set out in Clause 6.1(a).

Shareholder Support means financial support pursuant to this Agreement in the form of a cash payment not exceeding the amount of the Relevant O&M Obligations due but unpaid at the time of such cash payment.

Shareholder Support means any undertaking, covenant, guarantee of, performance bond from, pledge of Shares or other assets held by, or any other recourse to the assets of, a Shareholder, and granted or provided by a Shareholder to, or in favor of, any third person in relation to any obligation or liability of the Company or any other member of the JV Group from time to time pursuant to any financing arrangement of the Company or any other member of the JV Group;

Shareholder Support has the meaning as set out in Clause 16.4 (Shareholder Support);