RIGHTS AND OBLIGATIONS ATTACHED TO THE SHARES Sample Clauses

RIGHTS AND OBLIGATIONS ATTACHED TO THE SHARES. The rights and obligations attached to a share follow the share to any transferee to whom it may be transferred and the transfer includes all the payable and unpaid dividends and dividends to be payable, as well as, as the case may be, the corresponding share in the reserve funds and provisions. The ownership of a share shall imply ipso facto the acceptance of the present Memorandum and Articles of Association and of the decision of the general meetings. In addition to the right to vote which is attached by law to the shares, each share carries a right to a share of corporate assets, of profits, and of liquidation surplus, proportional to the number and nominal value of the existing shares. Each time it shall be necessary to hold a certain number of shares in order to exercise a right, it will be up to the shareholder(s) missing such number to take the necessary actions to group a sufficient number of shares. The heirs, creditors, eligible parties or other representatives of a shareholder cannot, for any reason whatsoever, request the affixing of the assets of the company, or ask for their sharing or auction sale, or to interfere in any manner in the management of the company ; they have, in order to exercise their rights, to refer themselves to the inventories and to the resolutions of the shareholders meetings.
RIGHTS AND OBLIGATIONS ATTACHED TO THE SHARES. 1 - Each share of the same category shall give right to a proportional share of the Company's assets, liquidation surpluses and profits equal to the fraction of the capital to which the share corresponds. All shares of the same category and face value can be considered equal to each other, with the sole exception of the start date for dividend entitlement.
RIGHTS AND OBLIGATIONS ATTACHED TO THE SHARES. Each share gives the right to a share in the profits and company assets proportional to the share of the capital it represents. In addition, it gives the right to vote and the right of representation in General Meetings under the legal and statutory terms. Shareholders are only liable up to the nominal amount of the shares they own; beyond this any call for funds is prohibited. Ownership of a share automatically comprises acceptance of the Company’s Articles of Association and decisions of the General Meeting. Heirs, creditors, successors in title, or other representatives of a shareholder, may not require the Company’s assets and securities to be sealed, nor ask for them to be shared or sold by auction, nor interfere in the actions of its administration. They must, in order to exercise their rights, refer to the company inventories and the decisions of the General Meeting. Each time several shares are required in order to exercise a particular right, in the event of the exchange, amalgamation or allocation of securities, or as a consequence of an increase or reduction in capital, merger or other company transaction, owners of individual securities or of a number less than that required may only exercise these rights on condition that they make it their personal business to amalgamate and, possibly, purchase or sell the necessary securities. However, the Company may, in circumstances where it has carried out either an exchange of securities subsequent to a merger, split, capital reduction, amalgamation or division transaction and the compulsory conversion of bearer shares into named securities, or distributions of securities charged to the reserves or linked to a capital reduction, or distributions or allocations of free shares, via a simple decision by the Board of Directors, sell securities that successors in title have not asked to be issued on condition that they carry out the advertising formalities specified by the regulations at least two years in advance. From the date of this sale, old shares and old rights to distributions or allocations are cancelled as required and their holders may no longer lay claim to the distribution in cash of the net proceeds from the sale of securities not claimed.
RIGHTS AND OBLIGATIONS ATTACHED TO THE SHARES. 1 – Each share gives the right, in the profits and corporate assets, to a proportional share in the amount of capital which it represents, subject to the special rights attached to the A, B, C, D and E Shares, and in particular to the financial rights to the proceeds form Transfers, Mergers and Liquidation of the Company described in Schedule 1 of these By-Laws. Each share, regardless of its category, gives the right to a vote and to representation at General Meetings, under the conditions set by the Law and the by-laws. All shareholders have the right to be informed on the running of the company and to receive some corporate documents at the times and under the conditions provided for by the Law and the by-laws.
RIGHTS AND OBLIGATIONS ATTACHED TO THE SHARES. 1. Each share shall entitle the holder to a part in the profits and the corporate assets, in proportion to the portion of the capital it represents. Furthermore, it shall give the right to vote and to representation in the Shareholders' Meetings under the legal and statutory conditions.
RIGHTS AND OBLIGATIONS ATTACHED TO THE SHARES. 1. Each share having the same nominal value shall confer, with regard to ownership of the assets of the Company and the division of profits, a proportionate share corresponding to the fraction of the share capital it represents. All shares shall be fully fungible with regard to each other. In particular, regardless of any taxes and duties payable, all shares shall confer entitlement to the payment of the same net amount in respect of all distributions and redemptions, during the term of the Company or upon its liquidation, subject only to the date as of which they first accrue the right to dividends.
RIGHTS AND OBLIGATIONS ATTACHED TO THE SHARES. Each share confers on its holder an equal right to the profits of the company and to all assets held by the company. Each share entitles its holder to one vote in all votes and deliberations of the General Meeting of shareholders, subject to the provisions of Article 67 of law n0 31/1990. The rights and obligations conferred by shares are transferred to all new holders thereof provided the transfer has been made in accordance with Romanian law, the Articles and this Company Agreement. The holding of a share implies the obligation to abide by the terms of this Company Agreement and the Articles, particularly in respect of the transfer of shares. COMPANY AGREEMENT 7

Related to RIGHTS AND OBLIGATIONS ATTACHED TO THE SHARES

  • Rights and Obligations If a successor to the Agent is appointed under the provisions of Clause 24.10 (SUCCESSOR AGENT), then (i) the retiring Agent shall be discharged from any further obligation hereunder but shall remain entitled to the benefit of the provisions of this Clause 24 and (ii) its successor and each of the other parties hereto shall have the same rights and obligations amongst themselves as they would have had if such successor had been a party hereto.