Share Capital Account definition
Examples of Share Capital Account in a sentence
Upon cancellation, the Resulting Company shall debit to its Equity Share Capital Account, the aggregate face value of the existing equity shares held by Adani Commodities LLP in Resulting Company which stands cancelled hereof.
Except as specifically permitted in this Agreement, without the specific consent of each Shareholder adversely affected thereby, no amendment may (i) reduce the Per Share Capital Account of any Share, (ii) change the respective liabilities of the Sponsor and the Shareholders, (iii) have the effect of allocating Net Profits and Net Losses other than in accordance with Article 6 hereof (as in effect prior to such amendment), or (iv) change the provisions of this Agreement regarding such amendments.
Notwithstanding the provisions of Clauses 2.1 and 4.1, amounts shall only be withdrawn from an Issuer Transaction Account and/or the Issuer Share Capital Account to the extent that such withdrawal does not cause the relevant Issuer Account to become overdrawn.
The following sets out the signatories for the Issuer Share Capital Account, in accordance with Clause 3 of the Bank Mandate – Issuer Share Capital Account.
The Issuer Account Bank acknowledges that each of the Issuer Transaction Account Mandates and the Issuer Share Capital Account Mandate and any other mandates delivered from time to time pursuant hereto shall be subject to the terms of the Issuer Deed of Charge and this Agreement.
The Company authorises the Issuer Cash Manager to instruct the Bank in relation to the Issuer Share Capital Account and authorises the Bank to act on those instructions in the manner set forth in the Issuer Bank Account Agreement.
Unless and until the Bank receives notice in writing from or purporting to be from the Issuer Security Trustee to the contrary, the Bank is authorised to continue to operate the Issuer Share Capital Account without regard to the security interests pursuant to the Issuer Deed of Charge.
A transferee of any Share pursuant to Article 9 shall succeed to the Per Share Capital Account relating to such Share.
The Share Capital Account means the bank account of the Issuer in which (i) the share capital portion allocated to Compartment Belgian Lion SME III and (ii) the interests accrued on the Share Capital Account are held.
The account in the name of the Company held with Santander UK plc (the Bank) (the Issuer Share Capital Account) will be used as an account for the benefit of the Company.