Common use of Authorized and Issued Share Capital Clause in Contracts

Authorized and Issued Share Capital. The authorized capital of the Corporation consists of an unlimited number of common shares, of which 10,000 common shares have been duly issued and are outstanding as fully paid and non-assessable shares in the capital of the Corporation. The Corporation has not issued or authorized the issue of any shares except the Purchased Shares.

Appears in 2 contracts

Samples: Share Purchase Agreement (Spectre Industries Inc), Share Purchase Agreement (Spectre Industries Inc)

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Authorized and Issued Share Capital. The authorized capital of the Corporation consists of an unlimited number of common sharesshares and an unlimited number of Class β€œA” Preferred Shares, of which 10,000 149,790,159 common shares have been duly issued and are outstanding as fully paid and non-assessable shares in shares. A complete and accurate list of all the capital shareholders of the Corporation. The Corporation has not issued or authorized , their country of residence, and the issue number of any shares except the Purchased Sharesheld by each of them is set out in Schedule 3.1(10).

Appears in 1 contract

Samples: Share Purchase Agreement (Harman International Industries Inc /De/)

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Authorized and Issued Share Capital. The authorized capital of the Corporation consists of an unlimited number of 100,000 common shares, of which 10,000 100 common shares have been duly issued and are outstanding as fully paid and non-assessable shares in the capital of the Corporation. No shares or other securities of the Corporation have been issued in violation of any Applicable Law, the articles of incorporation, by-laws or other constating documents of the Corporation or the terms of any shareholders' agreement or any agreement to which the Corporation is a party or by which it is bound. The Corporation has not issued or authorized the issue of any shares except the Purchased Shares.

Appears in 1 contract

Samples: Share Purchase Agreement (Kinetic Concepts Inc /Tx/)

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