Stockholder Loan definition

Stockholder Loan means the Indebtedness issued under the Convertible Loan Agreement, dated as of March 23, 2010 (as amended), by and among the Company, Aurum, Genesis and Buyer.
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Stockholder Loan means that the principal amount of the loans made by the Company to any Company Securityholder, together with all accrued interest thereon, that are outstanding as of the Closing Date and set forth in Section 3.12(b) of the Company Disclosure Letter and the amount of which is set forth on the Spreadsheet, which Stockholder Loans shall be deducted by Acquirer from the portion of the Closing Merger Consideration otherwise payable to such Company Securityholders hereunder with respect to shares of Company Capital Stock or Company Options held by the relevant Company Securityholder and transferred to the Company in discharge of such Stockholder Loans.
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Stockholder Loan means that the principal amount of the loans made by the Company to any Company Securityholder, together with all accrued interest thereon, that are outstanding as of the Closing Date and set forth in Section 3.12(b) of the Company Disclosure Letter and the 13 amount of which is set forth on the Spreadsheet, which Stockholder Loans shall be deducted by Acquirer from the portion of the Closing Merger Consideration otherwise payable to such Company Securityholders hereunder with respect to shares of Company Capital Stock or Company Options held by the relevant Company Securityholder and transferred to the Company in discharge of such Stockholder Loans.
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Examples of Stockholder Loan in a sentence

  • The pre-existing Stockholder Loan was assumed by a third party stockholder, Diamond Peak Resource Corporation, on June 30, 2012.

  • To the extent one of the conditions of the extension of the Third Party Loan so approved by the Board is the subordination of any Stockholder Loans to such Third Party Loan, then the Stockholders agree to take such action as necessary to subordinate such Stockholder Loan.

  • The Non-Competition Term shall commence the following day and end the final day of January, 2002, PROVIDED, HOWEVER, that the non-competition obligation hereof shall terminate if there is a default on the Installment Note or the Stockholder Loan Note ("Notes") held by Executive.

  • The Company shall forgive, effective prior to the Closing Date, all principal and interest owing to the Company under the Stockholder Loan.

  • Unless otherwise determined by the Board, the interest rate of such Stockholder Loan shall not exceed the interest rate available to the Company through Third Party Loans with similar terms, conditions and principal amounts as the Stockholder Loan in question, and shall be payable only at such times as the principal amount of such Stockholder Loan shall become payable in accordance with Section 5.1 hereof.

  • In addition, a Stockholder Loan from Diamond Peak Resource Corporation in respect of funds advanced to the Company amounted to $719,009 as at June 30, 2012.

  • In the event the Board determines that the working capital requirements of the Company should not be raised by obtaining Third Party Loan pursuant to Section 4.4(a), then the working capital requirements of the Company may be met by obtaining financing from the Stockholders (the "Stockholder Loan").

  • NOTE F Stockholder Loan A stockholder has paid expenses on behalf of the Company in the amount of $3,541 during the year ended December 31, 1997 and $4,236 during the, year ended December 31, 1996.

  • Such payment by Parent to the Surviving Corporation of the Stockholder Loan Repayment shall be deemed to be on behalf of such borrowers and, upon the making of such payment, such notes shall be deemed fully repaid and discharged.

  • Inc., one of the Sellers, is party to promissory notes in the aggregate principal amount of approximately $504,000 from the Company (the "Stockholder Loan").


More Definitions of Stockholder Loan

Stockholder Loan means each of the loans set forth on Schedule 1.7(f) made by the Company to certain of the stockholders of the Company.
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Related to Stockholder Loan

  • Shareholder Loan means a loan which is granted by an AIF to an undertaking in which it holds directly or indirectly at least 5 % of the capital or voting rights, and which cannot be sold to third parties independently of the capital instruments held by the AIF in the same undertaking;

  • Shareholder Loans means any shareholder loan made to the Issuer as debtor, if such loan:

  • Shareholder Debt means any shareholder loan made to the Issuer as debtor, if such loan:

  • Stockholder Group means the Stockholder and each Person (other than any member of the Company Group) that is an Affiliate of the Stockholder.

  • Shareholder Group means (i) Shareholder and (ii) any Affiliate or Shareholder Family Entity (as defined in the Shareholder's Agreement) of Shareholder (other than the Company).

  • Member Loan is defined in Section. 3.03(b).

  • Subordinated Shareholder Funding means, collectively, any funds provided to the Issuer by any Parent, any Affiliate of any Parent or any Permitted Holder or any Affiliate thereof, in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, in each case issued to and held by any of the foregoing Persons, together with any such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Subordinated Shareholder Funding; provided, however, that such Subordinated Shareholder Funding:

  • Class A Shareholder means a holder of Class A Shares;

  • Stockholder Shares means all securities of the Company registered in the name of, or Beneficially Owned by the Stockholder Parties, including any and all securities of the Company acquired and held in such capacity subsequent to the date hereof.

  • Company Stockholder means the holder of either a share of Company Common Stock or a share of Company Preferred Stock.

  • Parent Stockholders Meeting has the meaning set forth in Section 6.2(b).

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • Preferred Shareholder means any holder of Preferred Shares.

  • Company Stockholders Meeting has the meaning set forth in Section 6.2(a).

  • Class B Holder means the Person in whose name a Class B Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Class B Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an Authorized Officer of Trustee to be an Affiliate of the Transferor or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained.

  • Company Stockholders means the holders of shares of Company Capital Stock.

  • Company Shareholder means a holder of Company Shares.

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Parent Stockholders means the holders of Parent Common Stock.

  • Company Shareholders Meeting shall have the meaning set forth in Section 5.2(b).

  • Rollover Shareholders means each of Expert Master Holdings Limited, Mr. Longhua Piao and UMW China Ventures (L) Ltd.

  • Stockholder Associated Person of any stockholder means (A) any person controlling, directly or indirectly, or acting in concert with, such stockholder, (B) any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such stockholder or (C) any person directly or indirectly controlling, controlled by or under common control with such Stockholder Associated Person.

  • Company Stockholder Meeting means the meeting of the holders of shares of Company Common Stock for the purpose of seeking the Company Stockholder Approval, including any postponement or adjournment thereof.

  • Note A-8 Holder means the Initial Note A-8 Holder or any subsequent holder of Note A-8, as applicable.

  • Company Shareholders means holders of Company Shares.

  • Subordinate Voting Shares means subordinate voting shares in the capital of the Company.