Permitted Issuance Clause Samples
Permitted Issuance. Clause (v) of the definition of “Permitted Issuance” shall be amended and restated in its entirety to read as follows:
Permitted Issuance. 25 Person . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Permitted Issuance. Notwithstanding the foregoing, this Section 8 shall not apply to the following issuance of New Securities:
(a) New Securities issued in connection with a bona fide arm’s-length acquisition of any entity or business by the Company, whether by merger, consolidation, purchase of assets, sale or exchange of shares or otherwise, the terms of which have been approved by the Board;
(b) New Securities issued as a dividend or distribution on the ordinary shares of the Company; and
(c) New Securities issued in relation to the IPO of the Company.
Permitted Issuance. Section 5.17(c)............................... 35
Permitted Issuance. Any Permitted Issuance in which the Minority Holder is not given the opportunity to participate pro rata shall be disregarded for the purpose of the shareholding thresholds set out in Article III and Article IV.