Shareholders' Agreements · glossary
A loan by Ferris and Aldous & Wren to the company under the £1,800,000 facility. The loans are unsecured, carry fixed interest of 6% a year, and must be repaid in full before any dividend. They do not count towards the £1,000,000 borrowing limit. Definition: Shareholder Loan · Clause 7.1 · Clause 7.3 · Chapter 6
Explained in Chapter 6, Money, of Shareholders' Agreements.
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a loan made under clause 7.1, with accrued interest, while any part of it is outstanding;Read the definition in the document →
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