Reduction of Share Capital. 2 (a) The share capital of the Company shall be reduced by the cancellation of the assented Preferential Stock and of the 1,655,310 unissued 5 per cent. Cumulative Preference Shares of £1 each and the 24,338,251 unissued 8 per cent. Cumulative A Preference Shares of £1 each in the capital of the Company.
Reduction of Share Capital. For so long as any Conversion Right remains exercisable, the Issuer shall not reduce its issued share capital except where such reduction:
Reduction of Share Capital. The Company has not at any time repaid or agreed to repay or redeemed or agreed to redeem any shares in its share capital or otherwise reduced or agreed to reduce its issued share capital.
Reduction of Share Capital. Article 8.
Reduction of Share Capital not approve the reduction of or permit the Borrower to reduce its Share Capital and not vote in favour of any such reduction unless such reduction is approved by the Combined Majority Lenders;
Reduction of Share Capital. It undertakes that it shall not approve the reduction of or permit a Debtor to reduce its share capital unless such reduction is permitted pursuant to clause 2.4 (Permitted Payments in respect of Subordinated Liabilities) or approved by the Security Agent (acting on instructions of the Facility Agent on behalf of the Majority Lenders).
Reduction of Share Capital. The Company may by Special Resolution reduce its company capital in any way it thinks expedient as permitted by section 84 of the Act. CERTIFICATED SHARES
Reduction of Share Capital not approve the reduction or redemption of or permit the Borrower to reduce or redeem its Share Capital;
Reduction of Share Capital. The Company may reduce its share capital in any manner permitted by the Corporations Law and the Listing Rules.
Reduction of Share Capital. Elan shall procure that a resolution of the shareholders of New Alkermes is passed prior to the Closing permitting a reduction of the share premium account of New Alkermes in order to allow an application to be made under Section 72 of the Irish Companies Xxx 0000 to the Irish High Court to allow for the creation of distributable reserves, the wording of such resolution to be subject to the prior approval of Alkermes.
