Common use of Closing Board Actions Clause in Contracts

Closing Board Actions. On the Closing Date, the Investors shall remit their respective portions of the Subscription Amount to the designated bank account of the Company, and simultaneously upon receipt of the Subscription Amount into the designated bank account of the Company, the Company shall, in a meeting of the Board: 4.1.1. effect the issue and allotment of the Investor Securities; 4.1.2. make necessary entries in the Company’s register of members, reflecting Xxxxxxxx as the holder of the Bessemer Securities and deliver to Bessemer a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Bessemer Securities; 4.1.3. make necessary entries in the Company’s register of members, reflecting NVP as the holder of the NVP Securities and deliver to NVP a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the NVP Securities; 4.1.4. make necessary entries in the Company’s register of members, reflecting SAIF as the holder of the SAIF Securities and deliver to SAIF a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the SAIF Securities; 4.1.5. make necessary entries in the Company’s register of members, reflecting Accel as the holder of the Accel Securities and deliver to Accel a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Accel Securities; 4.1.6. make necessary entries in the Company’s register of members, reflecting Naspers as the holder of the Naspers Securities and deliver to Naspers a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Naspers Securities; 4.1.7. approve the appointment of the Naspers Director as a Director; 4.1.8. approve the adoption of the Restated Articles, subject to the approval of the Shareholders; and 4.1.9. issue the duly executed, adequately stamped and certified original certificates in respect of the Investor Securities to the Investors.

Closing Board Actions. 4.1.1. On the Closing Date, the Investors Investor shall remit their respective portions of the Initial Subscription Amount to the designated bank account of the Company, and simultaneously upon receipt of the Initial Subscription Amount into the designated bank account of the Company, the Company shall, in a meeting of the Board: 4.1.14.1.1.1. effect the issue and allotment of the Investor Initial Naspers Securities; 4.1.2. make necessary entries in the Company’s register of members, reflecting Xxxxxxxx as the holder of the Bessemer Securities and deliver to Bessemer a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Bessemer Securities; 4.1.3. make necessary entries in the Company’s register of members, reflecting NVP as the holder of the NVP Securities and deliver to NVP a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the NVP Securities; 4.1.4. make necessary entries in the Company’s register of members, reflecting SAIF as the holder of the SAIF Securities and deliver to SAIF a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the SAIF Securities; 4.1.5. make necessary entries in the Company’s register of members, reflecting Accel as the holder of the Accel Securities and deliver to Accel a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Accel Securities; 4.1.64.1.1.2. make necessary entries in the Company’s register of members, reflecting Naspers as the holder of the Initial Naspers Securities and deliver to Naspers a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Initial Naspers Securities; 4.1.74.1.1.3. approve the appointment of the Naspers Director as a Director; 4.1.84.1.1.4. approve the adoption of the Restated Articles, subject to the approval of the Shareholders; and 4.1.94.1.1.5. issue the duly executed, adequately stamped and certified original certificates in respect of the Investor Initial Naspers Securities to the InvestorsInvestor. 4.1.2. On the Additional Closing Date, if applicable, the Investor shall remit the Additional Subscription Amount to the designated bank account of the Company, and simultaneously upon receipt of the Additional Subscription Amount into the designated bank account of the Company, the Company shall, in a meeting of the Board: 4.1.2.1. effect the issue and allotment of the Additional Naspers Securities; 4.1.2.2. make necessary entries in the Company’s register of members, reflecting Xxxxxxx as the holder of the Additional Naspers Securities and deliver to Naspers a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Additional Naspers Securities; and 4.1.2.3. issue the duly executed, adequately stamped and certified original certificates in respect of the Additional Naspers Securities to the Investor.

Closing Board Actions. On the Closing Date, the Investors shall remit their respective portions of the Subscription Amount to the designated bank account of the Company, and simultaneously upon receipt of the Subscription Amount into the designated bank account of the Company, the Company shall, in a meeting of the Board: 4.1.1. effect the issue and allotment of the Investor Securities; 4.1.2. make necessary entries in the Company’s register of members, reflecting Xxxxxxxx as the holder of the Bessemer Securities and deliver to Bessemer a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Bessemer Securities; 4.1.3. make necessary entries in the Company’s register of members, reflecting NVP as the holder of the NVP Securities and deliver to NVP a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the NVP Securities; 4.1.4. make necessary entries in the Company’s register of members, reflecting SAIF as the holder of the SAIF Securities and deliver to SAIF a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the SAIF Securities; 4.1.54.1.3. make necessary entries in the Company’s register of members, reflecting Accel as the holder of the Accel Securities and deliver to Accel a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Accel Securities; 4.1.64.1.4. make necessary entries in the Company’s register of members, reflecting Naspers Xxxxxxxx as the holder of the Naspers Apoletto Securities and deliver to Naspers Apoletto a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Naspers Apoletto Securities; 4.1.74.1.5. approve the appointment of the Naspers Director as a Director; 4.1.8. approve the adoption of adopt the Restated Articles, subject to the approval of the Shareholders in a Shareholders; and’ meeting; 4.1.94.1.6. issue the duly executed, adequately stamped and certified original certificates in respect of the Investor Securities to the Investors; and 4.1.7. issue a Notice to convene, at shorter Notice, an extraordinary general meeting of the Shareholders of the Company on the Closing Date.

Closing Board Actions. On the Closing Date, the Investors shall remit commence wires for the remittance of their respective portions of the Subscription Amount to the designated bank account of the Company, and simultaneously upon receipt of the Subscription Amount into the designated bank account of the Company, the Company shall, in a meeting of the Board: 4.1.1. effect the issue and allotment of the Investor Securities; 4.1.2. make necessary entries in the Company’s register of members, reflecting Xxxxxxxx DST as the holder of the Bessemer DST Securities and deliver to Bessemer DST a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Bessemer DST Securities; 4.1.3. make necessary entries in the Company’s register of members, reflecting NVP Coatue as the holder of the NVP Coatue Securities and deliver to NVP Coatue a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the NVP Coatue Securities; 4.1.4. make necessary entries in the Company’s register of members, reflecting SAIF MTDP as the holder of the SAIF MTDP Securities and deliver to SAIF MTDP a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the SAIF MTDP Securities; 4.1.5. make necessary entries in the Company’s register of members, reflecting Accel as the holder of the Accel Securities and deliver to Accel a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Accel Securities; 4.1.6. make necessary entries in the Company’s register of members, reflecting Naspers as the holder of the Naspers Securities and deliver to Naspers a true extract, duly certified by a Director, of the updated register of members reflecting the issue and allotment of the Naspers Securities; 4.1.7. approve the appointment of the Naspers Director as a Director; 4.1.84.1.6. approve the adoption of the Restated Articles, subject to the approval of the Shareholders; and 4.1.94.1.7. issue the duly executed, adequately stamped and certified original certificates in respect of the Investor Securities to the Investors.