Common use of Issue of Shares Clause in Contracts

Issue of Shares. Shares shall be issued only by means of a pro rata rights offer to the holders of all the existing classes of shares at the time. If any shareholder does not personally follow its rights, it shall be deemed to have renounced same to the other shareholders. The shareholders agree that if any shareholder does not have the finances to follow its rights, the undertaking of a rights issue shall not constitute unfairly prejudicial, unjust or inequitable conduct by other shareholders exercising their rights based on the provisions of this agreement.

Issue of Shares. Shares No shares shall be issued only other than by means way of a pro rata rights offer to the holders of all the existing classes of shares shareholders at the time. If any shareholder does shall not personally follow its rights, it he shall be deemed to have renounced same to the other shareholders. The shareholders agree that if any shareholder does not have the finances to who do follow its rights, the undertaking of a rights issue shall not constitute unfairly prejudicial, unjust or inequitable conduct by other shareholders exercising their rights based on in the provisions of this agreementsame proportions as they follow their rights.

Issue of Shares. Shares No shares in the capital of the company shall be issued only other than by means way of a pro rata rights offer to the holders of all the existing classes of shares at the time. If any shareholder does not personally follow its rights, it shall be deemed to have renounced same to the other shareholdersshareholders who do follow their rights in the same proportions as they follow their rights. The shareholders agree that if any shareholder does not have the finances to follow its rights, rights the undertaking of a rights issue shall not constitute unfairly prejudicial, unjust or inequitable conduct by other shareholders exercising their rights based on the provisions of this agreementconduct.

Issue of Shares. Shares No shares in the capital of the company shall be issued only other than by means way of a pro rata rights offer to the holders of all the existing classes of shares at the time. If any shareholder does not personally follow its rights, it shall be deemed to have renounced same to the other shareholdersshareholders who do follow their rights in the same proportions as they follow their rights. The shareholders agree that if any shareholder does not have the finances to follow its rights, the undertaking of a rights issue shall not constitute unfairly prejudicial, unjust or inequitable conduct by other shareholders exercising their rights based on the provisions of this agreementconduct.