Issuing Resolutions definition
Issuing Resolutions means duly passed resolutions of the board of directors of the Company pursuant to which the Company resolves to designate a Class of Preferred Shares and/or issue the same, such resolutions setting out the terms applicable and the rights attaching to such Preferred Shares (to the extent not set out in these Articles), and includes without limitation the Certificate of Designations of Preferences, Limitations, and Relative Rights of Class A Preferred Shares;
Examples of Issuing Resolutions in a sentence
The Directors may not exercise any powers of the Company to borrow money and to mortgage or charge its undertaking and property or any part thereof, to issue debentures, debenture stock and other securities whenever money is borrowed or as security for any debt, liability or obligation of the Company or of any third party unless permitted by the terms of any Issuing Resolutions or consented to by all the outstanding Class A Preferred Shares.