Shares in the Company. 2.1 The Sale Shares constitute the whole of the allotted and issued share capital of the Company and are fully paid or credited as fully paid.
Shares in the Company. 2.1 The Sale Shares constitute the whole of the allotted and issued share capital of the Company and are fully paid.
Shares in the Company. Subject always to clause 9.1(h) (Restrictions on transfers of Shares in the Company), each Shareholder agrees that it shall not transfer or dispose of any interest in or over or right attaching to any of its Shares except by a transfer:
Shares in the Company. In exchange for the Consulting Services as specified in paragraphs 2.1 and 2.2 hereof, Xxxxxxx shall have the Company issue75,000 of the Company's Shares to the Consultant, immediately upon incorporation of the Company. If the Company fails to issue shares to the Consultant, Xxxxxxx shall assign 75,000 of his shares to the Consultant.
Shares in the Company. Pursuant to the terms of the Subscription Agreement, the capital of the Company is held at the date of this Agreement as follows:
Shares in the Company a) The Sale Shares constitute 100% of the allotted and issued share capital of the Company and are fully paid.
Shares in the Company. Upon issuance of the Shares to Athersys, the Shares will be duly authorized, validly issued, fully paid and nonassessable, and will be held of record by Athersys free and clear of all Liens, other than Liens arising through Athersys.
Shares in the Company. (1) The Company shall be authorised to issue a maximum of 50,000 shares with a par value of US$1.00 for each share.
Shares in the Company. 2.2 The Shares have been lawfully allotted and issued and are fully paid or credited as fully paid.
Shares in the Company. The exchange described in this Clause is intended to constitute, and shall be treated by the parties as, a tax-free reorganization under Section 368 of the Code.