CAPITAL AND FURTHER FINANCE Sample Clauses

CAPITAL AND FURTHER FINANCE. 6.1 The authorised share capital of the Company as at the Signature Date is R4 000 (four thousand Rand) comprising 4 000 (four thousand) ordinary par value shares of R1 (one Rand) each and the initial issued share capital of the Company as at the Completion Date shall be R100 (one hundred Rand) comprising 100 (one hundred) Shares of which:
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CAPITAL AND FURTHER FINANCE. 8.1 The issued share capital of the Society may from time to time be increased by such sum as shall be agreed between the Shareholders in accordance with this CLAUSE 8 and CLAUSE 5.1.3.
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CAPITAL AND FURTHER FINANCE. 10 9. Guarantees, etc. given by the Shareholders.................................10 10. Exercise of rights and powers.............................................10 11.
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CAPITAL AND FURTHER FINANCE. Share Capital The JVC shall, in accordance with and following completion of the events and transactions referred to in clause 2, have an issued share capital of KShs consisting of A Shares owned by A and B Shares owned by B. Increase in share capital The share capital of the JVC may from time to time be increased by such sum as shall be mutually agreed but so that in any event (unless otherwise agreed) such increased share capital shall be held in the proportions of 50 per cent by B (or other member of B Group). Further Finance If the JVC shall in the opinion of the Board require further finance, the JVC shall [(without prejudice to clause 5)] first approach its own bankers. The parties shall not be obliged to provide guarantees for the JVC’s liabilities in respect of such finance but, if they do so, they shall be given in equal proportions. The liabilities of the parties under any such guarantees shall (so far as possible) be several and, if a claim is made under any such guarantee against a party, that party shall be entitled to a contribution from the other party such as to ensure that the aggregate liability is borne in equal proportions. If finance cannot be obtained from the JVC’s own bankers, either party shall be obliged to provide any such further finance to the JVC. Any such finance which the parties do agree to provide shall (unless otherwise agreed) be provided by the parties in equal proportions (whether by way of subscription of share capital, loan stock or otherwise). The provisions of this clause 3.3 shall apply mutatis mutandis to any finance or guarantees provided for the benefit of any subsidiaries of the JVC. Party ceasing as shareholder Upon either party ceasing to be a shareholder in the JVC, the other party shall procure that any finance provided by that party under clause 3.3. shall be repaid to it and that it shall be relieved of its obligations under any guarantees provided under clause 3.3 (provided that, notwithstanding the termination of this Agreement, a party ceasing to be a shareholder shall remain liable under any such guarantees for any claims arising in respect of any default by the JVC occurring during the period during which that party was a shareholder in JVC).
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CAPITAL AND FURTHER FINANCE. 5.1. The authorised share capital of the Company is R10,000.00 comprising 100,000,000 ordinary par value shares of R0.0001 each and the initial issued share capital of the Company after the Condition Precedent has been met, shall be R100.00 comprising 850,000 ordinary par value shares of R0.0001 each held by DRDGOLD and 150,000 ordinary par value shares of R0.0001 held by Khumo.
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CAPITAL AND FURTHER FINANCE. 3.1 The Company’s issued share capital may be increased from time to time by such sum as the Parties may agree in accordance with this clause 3 and clause 5.
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CAPITAL AND FURTHER FINANCE. 5.1. The JVC shall, in accordance with and following completion of the events and transactions referred to in Article 4, have an issued share capital of 49% Shares owned by FREQUENCY and 51% Shares owned by YOD.
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CAPITAL AND FURTHER FINANCE. 7 Issue of new shares......................................................7 Funding support by the principals........................................9 Termination..............................................................9
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CAPITAL AND FURTHER FINANCE 
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Related to CAPITAL AND FURTHER FINANCE

  • Bank Provides Diverse Financial Services and May Generate Profits as a Result Customer acknowledges that Bank or its Affiliates may have a material interest in transactions entered into by Customer with respect to the Account or that circumstances are such that Bank may have a potential conflict of duty or interest. For example, Bank or its Affiliates may act as a market maker in the Financial Assets to which Instructions relate, provide brokerage services to other customers, act as financial adviser to the issuer of such Financial Assets, act in the same transaction as agent for more than one customer, have a material interest in the issue of the Financial Assets, or earn profits from any of these activities. Customer acknowledges that Bank or its Affiliates may be in possession of information tending to show that the Instructions received may not be in the best interests of Customer. Bank is not under any duty to disclose any such information.

  • Asset Management Supplier will: i) maintain an asset inventory of all media and equipment where Accenture Data is stored. Access to such media and equipment will be restricted to authorized Personnel; ii) classify Accenture Data so that it is properly identified and access to it is appropriately restricted; iii) maintain an acceptable use policy with restrictions on printing Accenture Data and procedures for appropriately disposing of printed materials that contain Accenture Data when such data is no longer needed under the Agreement; iv) maintain an appropriate approval process whereby Supplier’s approval is required prior to its Personnel storing Accenture Data on portable devices, remotely accessing Accenture Data, or processing such data outside of Supplier facilities. If remote access is approved, Personnel will use multi-factor authentication, which may include the use of smart cards with certificates, One Time Password (OTP) tokens, and biometrics.

  • Relationship Management LAUSD expects Contractors and their Representatives to ensure that their business dealings with and/or on behalf of LAUSD are conducted in a manner that is above reproach.

  • Agreement to Lend Lender hereby agrees to lend up to but not in excess of the Loan Amount to Borrower, and Borrower hereby agrees to borrow such sum from Lender, all upon and subject to the terms and provisions of this Agreement, such sum to be evidenced by the Note. No principal amount repaid by Borrower may be reborrowed by Borrower. Borrower’s liability for repayment of the interest on account of the Loan shall be limited to and calculated with respect to Loan proceeds actually disbursed to Borrower pursuant to the terms of this Agreement and the Note and only from the date or dates of such disbursements. After notice to Borrower, Lender may, in Lender’s sole discretion, disburse Loan proceeds by journal entry to pay interest and financing costs and, following an uncured Event of Default, disburse Loan proceeds directly to third parties to pay costs or expenses required to be paid by Borrower pursuant to this Agreement. Loan proceeds disbursed by Lender by journal entry to pay interest or financing costs, and Loan proceeds disbursed directly by Lender to pay costs or expenses required to be paid by Borrower pursuant to this Agreement, shall constitute Advances to Borrower.

  • Information Concerning Financial Condition of the Credit Parties No Party has any responsibility for keeping any other Party informed of the financial condition of the Credit Parties or of other circumstances bearing upon the risk of nonpayment of the Original First Lien Obligations, the Original Second Lien Obligations or any Additional Obligations, as applicable. Each Party hereby agrees that no Party shall have any duty to advise any other Party of information known to it regarding such condition or any such circumstances. In the event any Party, in its sole discretion, undertakes at any time or from time to time to provide any information to any other Party to this Agreement, it shall be under no obligation (a) to provide any such information to such other Party or any other Party on any subsequent occasion, (b) to undertake any investigation not a part of its regular business routine, or (c) to disclose any other information.

  • Conditions to All Credit Extensions after the Closing Date Following the Closing Date, the obligation of each Lender to honor any Request for Credit Extension (other than a Committed Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Eurodollar Rate Loans) is subject to the following conditions precedent:

  • Information to Lenders Promptly following any change in Letters of Credit outstanding, the Issuing Bank shall deliver to the Administrative Agent, who shall promptly deliver the same to each Lender and the Borrower, a notice describing the aggregate amount of all Letters of Credit outstanding at such time. Upon the request of any Lender from time to time, the Issuing Bank shall deliver any other information reasonably requested by such Lender with respect to each Letter of Credit then outstanding. Other than as set forth in this subsection, the Issuing Bank shall have no duty to notify the Lenders regarding the issuance or other matters regarding Letters of Credit issued hereunder. The failure of the Issuing Bank to perform its requirements under this subsection shall not relieve any Lender from its obligations under the immediately preceding subsection (j).

  • Audit Reports; Management Letters; Recommendations Promptly after any request by the Administrative Agent or any Lender, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of any Loan Party by independent accountants in connection with the accounts or books of any Loan Party or any of its Subsidiaries, or any audit of any of them.

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