Common use of Capital of the Company Clause in Contracts

Capital of the Company. The Sale Shares together constitute 100% of the issued share capital of the Company as at the date of this Agreement and are fully paid up. There is no Encumbrance or other form of agreement (including conversion rights and rights of pre-emption) on, over or affecting the Sale Shares or any unissued shares, debentures or other securities of the Company and there is no agreement or commitment to give or create any of the foregoing, and no claim has been made by any person to be entitled to any of the foregoing, and no person has the right (whether exercisable now or in the future and whether contingent or not) to call for the issue of any share or loan capital of the Company under any of the foregoing.

Appears in 2 contracts

Samples: Agreement for Sale and Purchase of Shares (Integrated Media Technology LTD), Sale and Purchase Agreement (China Media Group CORP)

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Capital of the Company. The Sale Shares together constitute 100% of the issued share capital of the Company GWIL and RRMG as at the date of this Agreement and are fully paid up. There is no Encumbrance or other form of agreement (including conversion rights and rights of pre-emption) on, over or affecting the Sale Shares or any unissued shares, debentures or other securities of the Company and there is no agreement or commitment to give or create any of the foregoing, and no claim has been made by any person to be entitled to any of the foregoing, and no person has the right (whether exercisable now or in the future and whether contingent or not) to call for the issue of any share or loan capital of the Company under any of the foregoing.

Appears in 1 contract

Samples: Sale and Purchase Agreement (China Media Group CORP)

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Capital of the Company. The Sale Shares together constitute 100approximately 95% of the issued share capital of the Company as at the date of this Agreement and are fully paid up. There is no Encumbrance or other form of agreement (including conversion rights and rights of pre-emption) on, over or affecting the Sale Shares or any unissued shares, debentures or other securities of the Company and there is no agreement or commitment to give or create any of the foregoing, and no claim has been made by any person to be entitled to any of the foregoing, and no person has the right (whether exercisable now or in the future and whether contingent or not) to call for the issue of any share or loan capital of the Company under any of the foregoing.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Integrated Media Technology LTD)

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