Authority to Issue. Subject to the provisions of this chapter, the Administrator shall issue to applicants who are eligible therefor licenses for exploration and permits for commercial recovery.
Authority to Issue. The issue of the Notes was authorised by resolutions of the Board of Directors of the Issuer passed on 25th September, 2001. Interpretation and Definitions References in this Temporary Global Note to the "Conditions" are to the Terms and Conditions applicable to the Notes (which are in the form set out in Part II of Schedule 1 to the Trust Deed) as such form is supplemented and/or modified and/or superseded by the provisions of this Temporary Global Note. Other capitalised terms used in this Temporary Global Note shall have the meanings given to them in the Conditions or the Trust Deed. Promise to Pay The Issuer for value received hereby unconditionally promises to pay to the bearer of this Temporary Global Note on the Maturity Date stated below (if this Temporary Global Note is stated to be a Fixed Rate Note or Hybrid Note) or on the Interest Payment Date falling in the Redemption Month stated below (if this Temporary Global Note is stated to be a Floating Rate Note, Variable Rate Note or Hybrid Note) or on such earlier date as the Redemption Amount may become repayable in accordance with the Conditions upon presentation and surrender of this Temporary Global Note the Redemption Amount in respect of the aggregate principal amount of Notes represented by this Temporary Global Note and (unless this Temporary Global Note does not bear interest) to pay interest in respect of such aggregate principal amount of Notes from the Interest Commencement Date stated below at the Interest Rate stated below (if this Temporary Global Note is stated below to be a Fixed Rate Note), at the rates determined in accordance with Condition 4(II) (if this Temporary Global Note is stated to be a Floating Rate Note or a Variable Rate Note) or at the Interest Rate stated below and at the rates of interest determined in accordance with Condition 4(III) (if it is stated to be a Hybrid Note) in arrear on the dates for payment provided for in the Conditions together with such other amounts (if any) as may be payable, all subject to and in accordance with the Conditions and the provisions of the Trust Deed [; provided, however, that no payments shall be made on this Temporary Global Note prior to the Exchange Date (as defined herein) in respect of Notes represented by this Temporary Global Note unless the Issuing and Paying Agent shall have received, prior to the date of each such payment, certification of non-U.S. beneficial ownership by The Central Depository (Pte) Limited (the "Deposi...
Authority to Issue. All shares of Common Stock issued and outstanding have been properly authorized and issued and are fully paid and non-assessable and were not issued in violation of any preemptive or other right to purchase such shares, and the Common Stock conforms in all material respects to the statements relating thereto in the Prospectus (and such statements correctly state the substance of the instruments defining the capitalization of the Company). The Shares have been authorized for issuance and sale pursuant to the Prospectus and this Agreement and, when issued and delivered by the Company against payment therefore in accordance with the terms of this Agreement and as described in the Prospectus, will be validly issued, shall be valid and binding obligations of the Company, and shall not have been issued in violation of any preemptive or other right to purchase Shares or Common Stock. No further approval or authorization of any shareholder, the Company’s Board of Directors, or any other party is required for the issuance and sale of the Shares.
