THE CAPITAL Sample Clauses

THE CAPITAL. The authorized capital of the Company is comprised of NIS 56,000,000 divided into: 30,000,000 Ordinary Shares, par value 1 NIS per share, 12,500,000 Series A1 Preferred Shares, par value 1 NIS per share, 3,500,000 Ordinary Preferred A Shares, par value 1 NIS per share and 10,000,000 Ordinary Preferred B Shares, par value 1 NIS per share.

THE CAPITAL. Firm Scheme has reached Practical Completion (or in respect of a Single Claim Scheme, Completion);

THE CAPITAL. Acquisition Sub shall have as its sole asset the ----------- Capital and shall have no Liability of any kind or nature, and Parent and Acquisition Sub shall have taken all other actions necessary in order to ensure that the Capital, less all amounts paid by Acquisition Sub in settlement of the outstanding debt owed by the Company to Manufacturers & Traders Trust Company, shall become an asset of the Surviving Corporation as of the Effective Time, without any Liability created by the Parent or Acquisition Sub attaching thereto.

THE CAPITAL. REORGANISATION (a) the Capital Reduction — the issued share capital of the Company shall be reduced by cancelling the paid up share capital to the extent of HK$0.0096 on each of the issued Shares such that the par value of each Share shall be reduced from HK$0.01 to HK$0.0004; (b) the Share Sub-division — upon the Capital Reduction becoming effective, each authorised but unissued Share with par value of HK$0.01 each is sub-divided into 25 Reduced Shares with par value of HK$0.0004 each; and (c) the Share Consolidation — upon the Capital Reduction and the Share Sub- division becoming effective, every 25 Reduced Shares with par value of HK$0.0004 each shall be consolidated into one (1) New Share with par value of HK$0.01 each. Upon completion of the Capital Reorganisation, the authorised ordinary share capital of the Company shall be HK$40,000,000 divided into 4,000,000,000 New Shares of HK$0.01 each, of which 852,932,780 have been issued and credited as fully paid. The table below sets out the capital structure of the Company immediately before and after the completion of the Capital Reorganisation: Before completion of the Capital Reorganisation After completion of the Capital Reorganisation Authorised Issued Authorised Issued Ordinary Shares No. of Shares 4,000,000,000 2,132,331,950 4,000,000,000 852,932,780 Par Value HK$0.01 each HK$0.01 each HK$0.01 each HK$0.01 each The credit of approximately HK$20,470,387 arising from the Capital Reduction will be transferred to the contributed surplus account of the Company and applied to set off against the accumulated losses of the Company as permitted by the laws of the Cayman Islands and the Memorandum and Articles of Association. Other than the relevant expenses incurred, the implementation of the Capital Reorganisation will not have a material adverse effect on the consolidated net asset value of the Group, nor will it alter the underlying assets, business operations, management or financial position of the Company or the proportionate interests of the Shareholders in the Company. The Capital Reorganisation will not involve any diminution of any liability in respect of any unpaid capital of the Company or the return of capital or cash to the Shareholders, nor will it result in any change in the relative rights of the Shareholders. The completion of the Capital Reorganisation is conditional upon: (a) the passing of the necessary resolutions by the Shareholders entitled to vote (in accordance with the Listing Ru...

THE CAPITAL. That the capital of the firm shall be “As per books of Accounts” It is further agreed that the capital of the firm may be increased or decreased according to the magnitude and requirements of the business.

THE CAPITAL. Metro Project Manager shall meet with the City's Project Manager to review the contractor's progress reports and invoices for the Capital Metro portion of the subprojects before approval by the City.