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 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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Examples of Stockholder Loan in a sentence

  • 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.

  • 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 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").

  • 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.

  • 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.

  • Parent shall instruct the Paying Agent, with respect to each such borrower, to deduct from such borrower’s Stockholder Merger Payment the applicable portion of the Stockholder Loan Payment as set forth on Section 2.6(j) of the Company Disclosure Schedule.

  • Section 2.05(c) of the Company Disclosure Schedule lists the aggregate amount of available credit under the Stockholder Loan Agreement, each Stockholder with an outstanding balance under the Stockholder Loan Agreement, the amount of such balance and the number of Shares held by such Stockholder, in each case as of November 30, 2003.

  • This Agreement may be amended only by an instrument in --------- writing signed by the party against which enforcement of the amendment is sought.

  • The Company shall have and is hereby granted by each Stockholder a security interest in such Stockholder's Shares and in any Mandatory Loan Notes and Advancing Stockholder Loan Notes issued by the Company to such Stockholder.


More Definitions of Stockholder Loan

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
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Related to Stockholder Loan

  • Shareholder Loan means any loan made or to be made to a member of the Group by or on behalf of a Shareholder and any other indebtedness owing on loan account by a member of the Group to a Shareholder.

  • 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).