non-assessable definition
non-assessable means, in relation to any Plan Shares, that no further sum shall be payable by a holder of those Plan Shares in respect of the issue price of those Plan Shares pursuant to an Award made under the Plan; and
non-assessable means, in relation to a Share, that the purchase price for which the Company agreed to issue and sell that Share has been paid in full to the Company, so that no further sum is payable to the Company or its creditors by any holder of that Share solely because of being the holder of such Share; and
non-assessable means, in relation to any Plan Shares (as defined below), that no further sum shall be payable by a holder of those Plan Shares in respect of the issue price of those Plan Shares pursuant to any Options made under a Plan;
More Definitions of non-assessable
non-assessable with respect to a security means that the holder of such security is under no personal liability to contribute to the assets and liabilities of the Company in their capacities as holder of such security.
non-assessable means that the securityholder is not liable, solely because of securityholder status, for additional assessments or calls on the security by the company or its creditors.
non-assessable means that no further sums are required to be paid by the holders of such shares in connection with the issue of such shares; and
non-assessable means, in relation to a Share, that the purchase price for which the Selling Shareholder agreed to sell that Share has been paid in full to the Selling Shareholder, so that no further sum is payable to the Selling Shareholder or its creditors by any holder of that Share solely because of being the holder of such Share; and
non-assessable means, with respect to Shares, that a holder of such Shares will not by reason of merely being such a holder be subject to assessment or calls by the Company or its creditors for further payment on any such Shares.
non-assessable means, with respect to shares of the Company, that no further sums are required to be paid by the registered holders thereof in connection with the issue of such shares.
non-assessable has no equivalent legal term under Dutch law (or the Dutch language). For purposes of this opinion letter such term should be interpreted to mean that the Company or its creditors do not have a right to require the holder of any Common Share to pay them any amount in addition to the amount required for the share to be fully paid (without prejudice to claims based on tort (onrechtmatige daad).