Examples of Charged Company in a sentence
SCHEDULE 2 SHARES Column A Column B Column C Column D Column E Column F The Charged Company Place of incorporation of the Charged Company Name of registered shareholder(s) Place of incorporation or residence of registered shareholder(s) No. of shares Certificate no.
The Chargee shall have the right at any time to exchange certificates or other documents of title (if any) representing or evidencing Charged Assets for certificates or documents of title (if any) of smaller or larger denominations to represent any smaller or larger number of ordinary shares that may be issued to the Chargor in respect of the Charged Assets, as may be reflected on the register of members of the Charged Company from time to time.
After the Charges have become enforceable, the Chargor shall procure to the extent that it is within its power as a shareholder of the Charged Company that any transfer to or by the Chargee or its nominee of any of the Charged Assets is duly approved by the board of directors of the Charged Company (if required) and registered in the Charged Company’s shareholder register (if necessary), by replacing the board of directors of the Charged Company with directors nominated by the Chargee as it sees fit.
A Receiver may enter into bonds, covenants, guarantees, commitments, indemnities and other obligations or liabilities as he shall think fit, make all payments needed to effect, maintain or satisfy such obligations or liabilities and use the company seal(s) (if any) of the Chargor and (if the Chargor is so authorised) the Charged Company.
It is a condition under the Shareholder Agreement that the Chargor shall enter into this share charge in relation to the issued share capital of the Charged Company (as defined below).