Allotment of Shares. Subject to the provisions of Articles 12 and 14, the authorized but unissued shares shall be under the control of the Board of Directors, who shall have the power to allot shares or otherwise dispose of them to such persons, on such terms and conditions (including, inter-alia, terms relating to calls as set forth in Article 31 hereof), and either at par or at a premium, or, subject to the provisions of the Companies Law, at a discount, and at such times, as the Board of Directors may think fit, and the power to give any person the option to acquire from the Company any shares, either at par or at premium, or subject as aforesaid, at a discount, during such time and for such consideration as the Board of Directors may think fit.
Allotment of Shares. The Ordinary Shares underlying the Securities to be issued at the Closing Time or Date of Delivery (as applicable) have been allotted conditional only on receipt by the Company of payment of the purchase price for the relevant Securities.
Allotment of Shares. Subject to the Act and the articles, the board may from time to time allot or grant options to purchase the whole or any part of the authorized and unissued shares of the Corporation at such times and to such persons and for such consideration as the board shall determine, provided that no share shall be issued until it is fully paid as provided by the Act.
Allotment of Shares. The Ordinary Shares underlying the ADSs to be issued at the Closing Time or Date of Delivery (as applicable) have been allotted conditional only on receipt by the Company of payment of the purchase price for the relevant Shares.
Allotment of Shares. (a) The unissued Shares shall be at the disposal of the Directors and (subject to the provisions of these Articles and the Acts) they may allot, grant options over, deal with or otherwise dispose (with or without conferring a right of renunciation) of them on such terms and conditions and at such times as they may consider to be in the best interests of the Company and the Members but so that no Share shall be issued at a discount and so that, where Shares are to be allotted and issued, the amount payable on application on each Share shall not be less than one-quarter of the nominal amount of the Share and the whole of any premium payable thereon.
(b) Without prejudice to the generality of the powers conferred on the Directors by the other provisions of this Article, the Directors may grant from time to time options to subscribe for unallotted Shares in the capital of the Company to persons in the service or employment of or Directors of the Company or any subsidiary of the Company on such terms and subject to such conditions as may be approved from time to time by the Directors or any committee thereof appointed by the Directors for the purpose of such approval.
(c) The Company may issue warrants to subscribe (by whatever name they are called) to any person to whom the Company has granted the right to subscribe for Shares in the Company (other than under a share option scheme for employees) certifying the right of the registered holder thereof to subscribe for Shares in the Company upon such terms and conditions as those upon which the right may have been granted.
Allotment of Shares. 8.1 The unissued Shares shall be at the disposal of the Directors and (subject to the provisions of these Articles, the Acts and of any resolution of the Company in general meeting passed pursuant thereto) they may allot, grant options over, deal with or otherwise dispose (with or without conferring a 21 right of renunciation) of them on such terms and conditions and at such times as they may consider to be in the best interests of the Company and the Members but so that no Share shall be issued at a discount and so that, where Shares are to be allotted and issued, the amount payable on application on each Share shall not be less than one-quarter of the nominal amount of the Share and the whole of any premium payable thereon.
Allotment of Shares. Each of the parties shall take such action as may be necessary to ensure that the Company makes simultaneous allotments of the Class A and Class B Ordinary shares so applied for pursuant to sub-Clause (D) above on the Completion Date and, except as specifically contemplated in the Articles, each of such Class A and Class B Ordinary shares so allotted shall on allotment rank pari passu in all respects with each other and with the existing issued ordinary shares of the Company.
Allotment of Shares. 9.1 If, at any time prior to a public offering of any Shares of the Company, the Company issues any additional Shares or securities convertible into Shares, the Company shall offer to each Preferred Shareholder for subscription, at the same price and on the same terms and conditions, sufficient of such Shares or securities as will enable that Preferred Shareholder to maintain its proportionate ownership of Ordinary Shares after such issue, assuming that in so calculating the amount of Shares or securities to be offered and each Shareholder's proportionate ownership of Ordinary Shares, all issued Series A Preferred Shares have been converted into Ordinary Shares.
9.2 Clause 9.1 shall not apply to Shares or securities issued to employees, consultants or directors for incentive purposes.
Allotment of Shares. Shares of the Credit Guarantee Corporation shall be allotted to the Participating Governments and other investors, as the case may be, in proportion to their respective contribution to the share capital.
Allotment of Shares. (a) The Borrower shall have available for issue and authority to allot, free from pre-emption rights, sufficient Conversion Shares to enable the Conversion Rights set out herein to be satisfied in full, and all other rights of subscription or conversion for the Conversion Shares to be satisfied in full.
(b) The Borrower shall use its best endeavours to procure and maintain the listing of any Conversion Shares on NASDAQ with effect from the QEO Conversion Date.
