Common use of Increase in capital Clause in Contracts

Increase in capital. To consider any recommendation made by the directors on any proposal to increase the capital of the Company and after giving due consideration to the recommendations of the directors to agree to such a proposal if the Company requires additional equity capital and the Trustees and the directors shall endeavour to ensure that except where the interests of the Trust Fund require some other method of distribution any new shares shall be offered to the following classes of persons in the following sequence:

Increase in capital. To consider any recommendation made by the directors on any proposal to increase the capital of the Company and after giving due consideration to the recommendations of the directors to agree to such a proposal and if the Company requires additional equity capital to vote in favour of such a proposal and the Trustees and the directors shall endeavour to ensure that except where the interests of the Trust Fund require some other method of distribution any new shares Shares shall be offered to the following classes of persons person in the following sequence:

Increase in capital. To consider any recommendation made by the directors of the Company on any proposal to increase the authorised capital of the Company and after giving due consideration to the recommendations of the directors to agree to such a proposal if the Company requires additional equity capital PROVIDED HOWEVER that if any proposed increase in capital would have the possible effect of reducing the percentage of shares held by the Trust in the Company to 50 per cent or less the proposal and any resolution of the Company to effect the increase shall not be approved or supported by the Trustees and unless the directors shall endeavour to ensure that except where the interests proposed increase of the Trust Fund require some other method of distribution any new shares shall be offered to the following classes of persons in the following sequence:capital has first been approved by a Poll.

Increase in capital. To consider any recommendation made by the directors on any proposal to increase the capital of the Company and and, after giving due consideration to the recommendations of the directors to directors, the Trustees may agree to such a proposal if the Trustees agree that the Company requires additional equity capital and and, if the Trustees and the directors shall endeavour to ensure that do so agree, except where the interests of the Trust Fund require some other method of distribution distribution, the Trustees and the directors shall endeavour to ensure that any new shares shall be offered to the following classes of persons in the following sequence:

Increase in capital. To consider any recommendation made by the directors on any proposal to increase the capital of the Company company and after giving due consideration to the recommendations of the directors to agree to such a proposal if the Company requires additional equity capital and the Trustees and the directors shall endeavour to ensure provided however that except where the interests Trust will be subscribing for such additional equity capital the Trustees shall not agree to any proposal to increase the capital of the Trust Fund require some other method of distribution any new shares shall be offered to Company unless it has first implemented the following classes of persons in the following sequence:Public Consultative Procedure.