Shadai definition
Examples of Shadai in a sentence
Pursuant to the Constating Documents of each of Anak, ▇▇▇▇▇ and Shadai, in order to effect a transfer of shares of either of Anak, ▇▇▇▇▇ and ▇▇▇▇▇▇, a general meeting of shareholders must be held and such transfer must be approved by the shareholders of Anak, ▇▇▇▇▇ or Shadai, respectively.
To the knowledge of each of Anak, Forel and Shadai, there are no shareholders’ agreements, pooling agreements, voting trusts nor other agreements or understandings with respect to the voting of all or any Anak Shares, Forel Shares or Shadai Shares.
The authorized capital of each of Anak, Forel and Shadai consists of 10,000 common shares with a par value of Rp 1,000,000 each, of which 4,000 Anak Shares, 3,000 Forel Shares and 2,000 Shadai Shares are issued and outstanding which have been duly and validly issued and are fully paid and non-assessable common shares and in compliance with all Applicable Securities Laws, registered in the names of the applicable Vendors.
The current outstanding balances of the MMU Loans as June 30, 2013 are: - Anak: Rp 3,924,042,990; - Forel: Rp 1,888,660,849; - Shadai: Rp 1,374,395,920.
Neither of Anak, ▇▇▇▇▇ nor Shadai is a party to, or under any agreement to become a party to, any lease with respect to real property and do not own any real property.
Each of Anak, Forel or Shadai has duly filed or has caused to be filed within the times and in the manner prescribed under all Applicable Laws, all federal, provincial, state, territorial, local and foreign Tax Returns required to be filed by Anak, Forel and ▇▇▇▇▇▇ and those Tax Returns were true, complete and correct in all material respects and reflect accurately all liabilities for Taxes for the period(s) covered thereby and that no material fact has been omitted therefrom.
Neither Anak, ▇▇▇▇▇ nor Shadai have adopted any stock option plan, share purchase plan or other incentive plan.
There are no pension, profit sharing, group insurance, employee benefit or similar plans or other deferred compensation plans of any kind whatsoever with respect to the directors, officers or employees of any of Anak, ▇▇▇▇▇ or Shadai.
Additionally, the Constating Documents of each of Anak, Forel and Shadai, being PMDN companies under the Indonesia Company Act, currently prohibits a foreign person from holding their respective shares.
At the Closing Time, the Mega Group Shares will be validly issued and outstanding as fully paid and non- assessable common shares of Anak, Forel and Shadai, as applicable and the number of Mega Group Shares held by each of the Vendors and to be sold to Broome at the Closing is as set forth on Schedule “A” hereto.