Common use of Reduction of capital Clause in Contracts

Reduction of capital. 16.1 Subject to the Companies Acts, its memorandum and any confirmation or consent required by law or these Bye-Laws, the Company may from time to time by Resolution authorise the reduction of its issued share capital or any share premium account in any manner.

Appears in 5 contracts

Samples: Sponsor Shareholders Agreement (TAL International Group, Inc.), Agreement and Plan of Merger (Renaissancere Holdings LTD), Agreement and Plan of Merger (Platinum Underwriters Holdings LTD)

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Reduction of capital. 16.1 38. Subject to the Companies ActsAct, its memorandum and any confirmation or consent required by law or these Bye-Laws, the Company Board may from time to time by with the sanction of a Resolution authorise the reduction of its the Company’s issued share capital or any share premium account in any manner.

Appears in 3 contracts

Samples: Rights Agreement (Brookfield Asset Management Reinsurance Partners Ltd.), Rights Agreement (Brookfield Asset Management Inc.), Rights Agreement (Brookfield Asset Management Inc.)

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Reduction of capital. 16.1 43. Subject to the Companies ActsAct, its memorandum Memorandum of Association and any confirmation or consent required by law or these Bye-Lawslaws, including Bye-law 3(b)(v)(b), the Company may from time to time by Resolution in general meeting authorise the reduction of its issued share capital or any capital redemption reserve fund or any share premium account in any manner.

Appears in 1 contract

Samples: Intercreditor Agreement (Stratus Technologies Bermuda Holdings Ltd.)

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