Capital Subscription. 5.1 The Company shall cause to be issued and the Investor shall subscribe to and purchase Five Hundred Twenty-Two Thousand and Six Hundred (522,600) new shares of Preferred Company Shares having a par value of Five Hundred Korean Won (KRW 500) per share (the "Second Round Investor Shares") and at price per share of Four Thousand Nine Hundred and Seventy-Five point One Two Korean Won (KRW 4,975.12), "Original Issue Price" for an aggregate consideration of Two Billion Five Hundred Ninety-Nine Million Nine Hundred Ninety-Seven Thousand Seven Hundred and Twelve Korean Won (KRW 2,599,997,712) (the "Investor's Purchase Price").
Capital Subscription. Subject to Section 5.6, the General Partner may raise capital for the Partnership by selling and issuing Partnership Units and may determine the terms and conditions of any such sale and issuance and may do all things in that regard including preparing and filing a preliminary prospectus and a prospectus, or an offering memorandum, and such other documents as may be necessary or advisable, paying the expenses of issuing and entering into agreements with any Person providing for a commission or fee in respect of such sale, either to agents or purchasers provided that no subscription for Partnership Units may be made or shall be accepted for less than that number of Partnership Units necessary to comply with prospectus exemption requirements of applicable Securities Legislation in the provinces or territories of Canada in which Partnership Units are offered for sale.
Capital Subscription. 4.1 The total number of shares of common capital stock to be subscribed for by KP and FP when called for by the Board of Directors, but within receipt of all necessary government approvals, shall be as follows: months from
a) KP: divided into shares at per share;
b) FP: divided into shares (including the shares of promoters other than KP and FP) at per share.
4.2 Unless the parties agree in writing otherwise, KP and FP, and their respective transferees, will, throughout the life of the JVC, hold common shares in the JVC in the following ratio:
a) KP: percent ( %);
b) FP: percent ( %).
4.3 Any shares of common stock subscribed for and accepted by KP or FP shall be paid in full in cash and/or in kind to the JVC.
4.4 Any shares issued by the JVC shall be common stock of one class, in con-bearer form evidenced by share certificates and with the full voting rights.
4.5 No additional shares of the JVC may be authorized or issued except upon the prior written agreement of KP and FP unless otherwise required by imperative law or the Articles of Incorporation of the JVC.
Capital Subscription. The share capital shall be issued at par as and when required by the company and shall be subscribed by the TF or its subsidiary company in Pak Rupees and by Techman, FiberCore and Royle in US Dollars. Equity participation ratio initially shall be as follows:
1. TF 15% 2. Foreign investors 85%
i) Techman Intentional 727 Oxford-Sturbridge Road, 40% Xxxxx 00, Xxxxxxxx, Xxxx ii) FiberCore, Inc. 30% 174 Charlton Road, Sturbridge, Mass. 01566 iix) Xxxxx Xxxxxxx Xxxxx 05% 1000 Cannonball Road, Pompton Lakes, NJ 07442.
Capital Subscription. On the Completion Date, NycAm shall subscribe for 25,221 Class A Ordinary Shares at a price of: (pound)2,181
Capital Subscription. 10 Section 3.1 Initial Subscription for Company Social Parts.................. 10 Section 3.2
Capital Subscription. If, during the term of this Agreement, NRG requires funds to avoid a downgrading of its credit rating by any of the nationally recognized United States credit rating agencies or to make payment when due (i) upon any of its indebtedness for borrowed money or (ii) as a result of its guarantee of payment of any indebtedness for borrowed money of any direct or indirect subsidiary of NRG (hereinafter, such indebtedness and guarantee obligations being collectively referred to as “Debt”), Xcel shall provide such funds to NRG up to a maximum aggregate amount of $300,000,000. Xcel may elect to provide such funds either as equity or as a loan. If such funds are provided to NRG as a loan, such loan shall be evidenced by a Subordinated Convertible Note in substantially the form attached hereto as Exhibit I or, if Xcel shall otherwise elect, on such terms and conditions, including maturity and rate of interest, as Xcel and NRG shall agree. Notwithstanding the foregoing, any such loan shall be subordinated in all respects to any Debt outstanding during the term of such loan. If such funds are to be provided as equity, such equity shall be in the form of common stock of NRG and shall be sold at a price per share determined as follows: (i) if at such time NRG’s common stock is listed on any established stock exchange or a national market system, a price per share determined by the Independent Directors Committee of the Board of Directors of NRG and approved by the Finance Committee of the Board of Directors of Xcel, which shall not be less than the most recent closing price of a share of such common stock on the principal exchange upon which such common stock is traded, or (ii) if at such time NRG’s common stock is not so traded, at a price established in good faith by the Board of Directors of NRG and approved by the Finance Committee of the Board of Directors of Xcel.
Capital Subscription. 4.1 At formation, the Company shall have an initial authorized capital of 3,600,000,000 Won.
4.2 The capital shall be divided into common shares of voting stock of the Company. Each share shall have a par value of 5,000 Won. Any shares issued by the Company shall be common shares of one class.
4.3 At the time of establishment of the Company, the Company shall issue 180,000 shares at a price of Won 5,000/share and the paid-in capital of the Company shall be equivalent to 900,000,000 Won.
4.4 The parties shall subscribe for the shares which shall be issued under Article
4.3 above as follows:
(a) Yahoo shall subscribe for 108,000 shares.
(b) Softbank Korea shall subscribe for 45,000 shares.
(c) Softbank shall subscribe for 18,000 shares.
(d) Yahoo Japan shall subscribe for 9,000 shares. As a result, the parties shall have the following percentage interest in the Company: (i) 60% to Yahoo, (ii) 25% to Softbank Korea, (iii) 10% to Softbank and (iv) 5% to Yahoo Japan.
4.5 Within two (2) weeks after all necessary government approvals are received in form and substance acceptable to all parties hereto, any shares subscribed for by the non-Korea based parties shall be paid in full in United States dollars corresponding to the Korean Won amount indicated in Article 4.4 above, according to the dollar selling rate mutually agreed to by the parties.
4.6 Any increase in the authorized or paid-in capital set forth in Articles 4.1 and 4.3 above, respectively, shall be done in accordance with Article 10.3(c).
4.7 The Board of Directors shall assess the Company's cash flow and financial situation on a quarterly basis. If the Board of Directors determines that the Company requires additional capital contributions, it shall by written notice to the parties call for the parties to subscribe for additional stock of the Company in proportion to their respective pro rata share based on the total number of capital stock of the Company then outstanding. To the extent a party does not fully subscribe to its pro rata share of such additional stock, the remaining parties shall be entitled to purchase any of such unsubscribed shares of stock in proportion to their respective pro rata share. Each party agrees (i) to advise the Company of its intention to subscribe to its pro rata share of any additional stock at the earliest practicable date and in any event within thirty (30) days following a determination by the Board of Directors to issue additional stock and (ii) to pay the purchase...
Capital Subscription. 5.1 The initial number of common shares to be subscribed for by the parties under this Agreement shall be as follows:
(a) APT shall initially subscribe for 80% of total authorized shares of JVC.
(b) SLCC shall subscribe for 20% of total authorized shares of JVC.
(c) SLCC shall have a right to purchase from APT an additional 29% of total authorized shares of JVC before Dec. 31, 2002. The share price will be determined after the financial plan and capitalization are established and approved by the Board of Directors on 1 March, 2001.
(d) No new shares can be issued without the consent of both parties.
Capital Subscription. The total subscribed capital is RMB1,050 million. Xxxxxx Xxxx shall make the capital contribution of RMB10.5 million and Tianjin Trendsters Investment Co., Ltd. shall make the capital contribution of RMB1,039.5 million.
