Further issue of Shares Sample Clauses

Further issue of Shares. If the Company issues new preference shares that rank equally with existing preference shares, the issue will not be taken to vary the rights attached to the existing preference shares unless otherwise determined by the Directors in the terms of issue of the existing shares.
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Further issue of Shares. 3.1 The Promoter and Investor undertake to hold Shares in the Company in the ratio : respectively. The Promoter agrees that it shall continue to hold a minimum of 51% of the total issued and paid up share capital of the Company, which shall remain locked in for a period of ( ) years from the Closing Date or till the time the Loan by the Investor is outstanding, whichever is earlier.
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Further issue of Shares. (1) Where at any time the Board or the Company, as the case may be, propose to increase the subscribed capital by the issue of further shares then such shares shall be offered, subject to the provisions of section 62 of the Act, and the rules made thereunder:
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Further issue of Shares. 18. (1) Where it is proposed to increase the subscribed capital of the company by allotment of further Shares, then:
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Further issue of Shares. Subject to Section 8.12, Xx. Xxxx and EMH shall take all reasonable steps, including without limitation the voting of all equity securities owned or Controlled by them, for the time being as lie within their power to procure that the Company shall not issue any further Shares whether forming part of its unissued Shares or new Shares without first offering to each of the Investors and any other then existing shareholders holding not less than ten percent (10%) of the then outstanding Shares of the Company (for the purpose of this Section 8.10 only, together with the Investors, “Offeree(s)”) of the Company such number of Shares equivalent to the product obtained by multiplying the aggregate number of such Shares to be issued by a fraction, the numerator of which is the number of Ordinary Shares held by such Offeree at the time of the propose issuance (calculated on an “as-if-exercised” basis, taking into account the exercise of any outstanding Warrants) and the denominator of which is the total number of outstanding Ordinary Shares of the Company at the time of the transaction (calculated on a fully diluted basis and “as-if-exercised”, taking into account the exercise of any outstanding Warrants). Such offer shall be made by notice specifying the number of new Shares offered, the proportionate entitlement of each Offeree, the price per Share and limiting a period (not being less than thirty (30) days) within which the offer, if not accepted, will be deemed to be declined. Upon the expiration of such period the Directors shall offer the Shares so declined, to the other Offerees who have notified their willingness to take all or any of such Shares in accordance with the terms of the offer and in case of competition, pro rata (as nearly as possible) according to the number of Ordinary Shares in the Company of which such other Offerees are registered or unconditionally entitled to be registered as holders of the Warrants or as shareholders of the Company, as the case may be. Each of the Investors may assign its rights and obligations under this Section 8.9 to any of its Affiliates.
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Further issue of Shares. 20. (i) Where at any time it is proposed to increase the subscribed capital of the Company, the Board may, in accordance with the Act, issue further shares to:
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Further issue of Shares 
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Related to Further issue of Shares

  • Issue of Shares 3.1 Subject to the provisions, if any, in the Memorandum (and to any direction that may be given by the Company in general meeting) and without prejudice to any rights attached to any existing Shares, the Directors may allot, issue, grant options over or otherwise dispose of Shares (including fractions of a Share) with or without preferred, deferred or other rights or restrictions, whether in regard to Dividend or other distribution, voting, return of capital or otherwise and to such persons, at such times and on such other terms as they think proper, and may also (subject to the Statute and the Articles) vary such rights. Notwithstanding the foregoing, the Subscriber shall have the power to:

  • Issuance of Shares The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Note in accordance with its respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will not impose personal liability upon the holder thereof.

  • Adjustment Upon Issuance of Shares of Common Stock If and whenever on or after the date hereof, the Company issues or sells, or in accordance with this Section 3 is deemed to have issued or sold, any shares of Common Stock (including the issuance or sale of shares of Common Stock owned or held by or for the account of the Company, but excluding any Exempt Issuance issued or sold or deemed to have been issued or sold) for a consideration per share (the “New Issuance Price”) less than a price equal to the Exercise Price in effect immediately prior to such issue or sale or deemed issuance or sale (such Exercise Price then in effect is referred to as the “Applicable Price”) (the foregoing a “Dilutive Issuance”), then immediately after such Dilutive Issuance, the Exercise Price then in effect shall be reduced to the New Issuance Price. For all purposes of the foregoing (including, without limitation, determining the adjusted Exercise Price and consideration per share under this Section 3(e)), the following shall be applicable:

  • Issuance of Common Stock Equivalents If at any time the Issuer shall take a record of the holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any Common Stock Equivalents, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the price per share for which Common Stock is issuable upon such conversion or exchange shall be less than the Warrant Price in effect immediately prior to the time of such issue or sale, or if, after any such issuance of Common Stock Equivalents, the price per share for which Additional Shares of Common Stock may be issuable thereafter is amended or adjusted, and such price as so amended shall make be less than the Warrant Price in effect at the time of such amendment or adjustment, then the Warrant Price then in effect shall be adjusted as provided in Section 4(d). No further adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Common Stock Equivalents.

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