Common use of SHARE PREMIUM ACCOUNT Clause in Contracts

SHARE PREMIUM ACCOUNT. 35.1 The Directors shall in accordance with Section 34 of the Law establish a share premium account and shall carry to the credit of such account from time to time a sum equal to the amount or value of the premium paid on the issue of any share or capital contributed as described in Article ‎4.12.

Appears in 2 contracts

Samples: Share Purchase Agreement (Bertelsmann SE & Co. KGaA), Share Purchase Agreement (Bertelsmann SE & Co. KGaA)

AutoNDA by SimpleDocs

SHARE PREMIUM ACCOUNT. 35.1 38.1 The Directors shall in accordance with Section 34 of the Law Act establish a share premium account Share Premium Account and shall carry to the credit of such account from time to time a sum equal to the amount or value of the premium paid on the issue of any share or capital contributed as described in Article ‎4.12Share.

Appears in 2 contracts

Samples: Merger Agreement and Plan of Reorganization (Hennessy Capital Investment Corp. V), Merger Agreement and Plan of Reorganization (Hennessy Capital Investment Corp. V)

SHARE PREMIUM ACCOUNT. 35.1 26.1 The Directors shall in accordance with Section 34 of the Companies Law establish a share premium account and shall carry to the credit of such account from time to time a sum equal to the amount or value of the premium paid on the issue of any share or capital contributed as described Share. Amounts standing to the credit of the Share premium account shall not be applied otherwise than in Article ‎4.12accordance with the Companies Law and amounts credited to the Share premium account and which are referable to the Class A Preferred Shares shall not be applied other than for making a distribution to Class A Preferred Shareholders.

Appears in 1 contract

Samples: Master Repurchase Agreement (Integrated Device Technology Inc)

AutoNDA by SimpleDocs

SHARE PREMIUM ACCOUNT. 35.1 The Directors shall in accordance with Section 34 of the Law establish a share premium account and shall carry to the credit of such account from time to time a sum equal to the amount or value of the premium paid on the issue of any share or capital contributed as described in Article ‎4.124.12.

Appears in 1 contract

Samples: Business Combination Agreement (HPX Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.