Capital Contribution Agreement IFSRA
Capital Contribution Agreement IFSRA
Capital Contribution Agreement IFSRA
1. It is acknowledged that:
e) The making, and the receipt, of the capital contribution are within the
respective (corporate) powers and objects of the Contributor and the Firm.
f) The Firm and the Contributor have put the terms of this Agreement before
their respective boards of directors, which have approved its terms, and
such approval has been duly recorded in the official board minutes.
2. It is agreed that:
a) The Firm has no obligation to bear any servicing cost or transfer any
economic benefits of any kind to the Contributor or any other person in
return for the capital contribution.
b) The Firm has no obligation to repay the capital contribution.
c) The Firm shall not distribute the capital contribution by way of dividend,
on a winding up or in any other way or cause the amount of the capital
contribution to be reduced without the prior written approval of the
Financial Regulator.
6. This Agreement shall be governed by, and construed in accordance with, the
law of Ireland.
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