Approvals for Issuance of Ordinary Shares Sample Clauses
The 'Approvals for Issuance of Ordinary Shares' clause sets out the requirements and procedures for obtaining necessary consents before a company can issue new ordinary shares. Typically, this clause specifies which parties—such as the board of directors or existing shareholders—must approve the issuance, and may outline thresholds or voting procedures for such approval. By establishing clear approval mechanisms, the clause helps prevent unauthorized dilution of existing shareholders' interests and ensures that share issuances are conducted transparently and in accordance with agreed governance processes.
Approvals for Issuance of Ordinary Shares. When issued in accordance with the provisions of this Agreement and the Subscription Agreement, the Ordinary Shares issuable upon exercise of the Warrants will be validly issued and fully paid, and will be free of any taxes, liens, charges or encumbrances of any nature whatsoever. The Company shall at all times maintain all requisite approvals to issue Ordinary Shares that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.
Approvals for Issuance of Ordinary Shares. When issued in accordance with the provisions of this Agreement and the Subscription Agreement, the Ordinary Shares issuable upon exercise of the Warrants will be validly issued and fully paid, and will be free of any taxes, liens, charges or encumbrances of any nature whatsoever. Subject to obtaining the Shareholder Approvals (as defined in the PIPE Subscription Agreement) pursuant to the PIPE Subscription Agreement, the Company shall at all times maintain all requisite approvals to issue Ordinary Shares that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.