Common use of Subscription of Shares Clause in Contracts

Subscription of Shares. (a) Each member shall subscribe shares of the capital stock of the Bank. The minimum number of shares to be subscribed by the original members shall be those set forth in Schedule A. The minimum number of shares to be subscribed by other members shall be determined by the Bank, which shall reserve a sufficient portion of its capital stock for subscription by such members.

Appears in 6 contracts

Samples: www.cvce.eu, Reconstruction and Development, Of Agreement

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