Share capital and ownership. Each Borrower has an authorised share capital of $500 divided into 500 bearer and/or registered shares of $1 each, all of which shares have been issued in registered form and fully paid, and the legal title and beneficial ownership of all those shares is held, free of any Security Interest or other claim, by the Shareholder.
Appears in 1 contract
Share capital and ownership. Each Borrower has an authorised share capital of $500 divided into 500 bearer and/or registered shares with a par value of $1 0.01 each, all of which shares have been issued in registered form and fully paid, and the legal title and beneficial ownership of all those shares is held, free of any Security Interest or other claim, by the Shareholder.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Share capital and ownership. (a) Each Borrower has an authorised share capital of $500 divided into 500 bearer and/or registered shares of $1 1.00 each, all of which shares have been issued in registered form and fully paid, and the legal title and beneficial ownership of all those shares is held, free of any Security Interest or other claim, by the Shareholder.
Appears in 1 contract
Share capital and ownership. (a) Each Borrower has an is authorised share capital of $to issue 500 divided into 500 bearer and/or registered shares of $1 0.01 each, all of which shares have been issued in registered form and fully paid, and the legal title and beneficial ownership of all those shares is held, free of any Security Interest or other claim, by the Shareholder.
Appears in 1 contract
Share capital and ownership. (a) Each Borrower has an is authorised share capital to issue five hundred (500) registered shares with a par value of $500 divided into 500 bearer and/or registered shares of $1 each1.00 per share, all of which shares have been issued in registered form and are fully paid, and the legal title and beneficial ownership of all those shares is held, free of any Security Interest or other claim, by the Shareholder.;
Appears in 1 contract