Common use of Call on Shares Clause in Contracts

Call on Shares. 32. (a) The Directors may from time to time make calls upon the Members in respect of any monies unpaid on their Shares (whether on account of the nominal value of the Shares or by way of premium or otherwise) and not by the conditions of allotment thereof made payable at fixed terms, provided that no call shall be payable at less than one month from the date fixed for the payment of the last preceding call, and each Member shall (subject to receiving at least fourteen days notice specifying the time or times of payment) pay to the Company at the time or times so specified the amount called on the Shares. A call may be revoked or postponed as the Directors may determine. A call may be made payable by instalments.

Appears in 2 contracts

Samples: Share Purchase Agreement (Hanwha SolarOne Co., Ltd.), Share Purchase Agreement (Hanwha Solar Holdings Co., Ltd.)

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Call on Shares. 3222. (a) The Directors may from time to time make calls upon the Members in respect of any monies unpaid on their Shares shares (whether on account of the nominal value of the Shares shares or by way of premium or otherwise) and not by the conditions of allotment thereof made payable at fixed terms, provided that no call shall be payable at less than one month from the date fixed for the payment of the last preceding call, and each Member shall (subject to receiving at least fourteen days notice specifying the time or times of payment) pay to the Company at the time or times so specified the amount called on the Sharesshares. A call may be revoked or postponed as the Directors may determine. A call may be made payable by instalments.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pacifico Acquisition Corp.)

Call on Shares. 32. 11.1 (a) The Board of Directors may from time to time make calls upon the Members in respect of any monies unpaid on their Shares shares (whether on account of the nominal value of the Shares shares or by way of premium or otherwise) and not by the conditions of allotment thereof made payable at fixed terms, provided that no call shall be payable at less than one month from the date fixed for the payment of the last preceding call, ; and each Member shall (shall, subject to receiving at least fourteen days 14 days' notice (or some shorter period of notice as may have been authorized by the terms on issue of the shares) specifying the time or times of payment) , pay to the Company at the time or times so specified the amount called on the Sharesshares. A call may be revoked or postponed as the Board of Directors may determine. A call may be made payable by instalmentsinstallments.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Exchange Agreement (Petroleum Geo Services Asa)

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Call on Shares. 3224. (a) The Directors may from time to time make calls upon the Members in respect of any monies unpaid on their Shares shares (whether on account of the nominal value of the Shares shares or by way of premium or otherwise) and not by the conditions of allotment thereof made payable at fixed terms, provided that no call shall be payable at less than one month from the date fixed for the payment of the last preceding call, and each Member shall (subject to receiving at least fourteen days days' notice specifying the time or times of payment) pay to the Company at the time or times so specified the amount called on the Sharesshares. A call may be revoked or postponed as the Directors may determine. A call may be made payable by instalments.

Appears in 1 contract

Samples: Agreement and Plan of Merger

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