COMPANY OR CLOSE CORPORATION TO BE FORMED Sample Clauses

COMPANY OR CLOSE CORPORATION TO BE FORMED. If the person (“the Signatory”) signing as Purchaser acts or purports to act as agent or trustee for a company or close corporation not yet incorporated:
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COMPANY OR CLOSE CORPORATION TO BE FORMED. 13.1. In the event of the party signing as PURCHASER acting as Trustee for a Company/Close Corporation formed or to be formed, then that signatory binds himself in his personal capacity as co- principal debtor for all obligations herein created and shall be responsible to the SELLER as if he was the PURCHASER in terms of this agreement.
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COMPANY OR CLOSE CORPORATION TO BE FORMED. Should this agreement be signed on behalf of a company or close corporation to be formed then should the company or close corporation not be formed and ratify this agreement within 30 days of date of final signature hereof then, the signatory on behalf of the Purchaser, shall be the Purchaser for all intents and purposes in terms hereof.
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COMPANY OR CLOSE CORPORATION TO BE FORMED. 12.1 If the person who signs this agreement for the purchaser professes to act as a trustee or agent for a company or close corporation not yet formed, incorporated or registered, the person so signing shall be deemed to be personally the purchaser in terms of this agreement if within thirty days of the signature date the relevant company or close corporation -
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COMPANY OR CLOSE CORPORATION TO BE FORMED. If the person who signs this Lease for the Tenant does so acting as a trustee or agent for a company or close corporation to be formed (the "Trustee") then the provisions of this 34.5 shall apply. Such company or close corporation shall be incorporated by not later than 30 (thirty) days after the Signature Date. Subject to 34.5.2, if a company is formed for the purpose of ratifying or adopting this Lease, then the Landlord shall not be bound by such ratification or adoption unless - the company's memorandum on the date of the company's incorporation contains as one of its objects the ratification or adoption of this Lease; the company in fact ratifies or adopts this Lease within 7 (seven) days after its incorporation; and the Trustee delivers to the Landlord within 7 (seven) days of the ratification by the company of this Lease, a copy of the company's memorandum, articles of association and the company's resolution evidencing the ratification or adoption, all duly certified as true copies by a director. If a close corporation is formed for the purpose of ratifying or adopting this Lease, then the Landlord shall not be bound by such ratification or adoption unless - all the members of the corporation have given their written consent to such ratification or adoption within 7 (seven) days after the incorporation of such close corporation; and the Trustee delivers, within 7 (seven) days after the ratification by the corporation of this Lease, to the Landlord a copy of the close corporation's founding statement together with a copy of the written consent of all its members to the ratification or adoption of this Lease, both duly certified as true copies by an authorised member of the corporation. If neither the company nor the close corporation is incorporated, or once it is incorporated fails to ratify or adopt this Lease in the manner envisaged in 34.5.3 and 34.5.4, then the Trustee shall be personally bound by and liable for all the obligations and entitled to all the rights in terms of this Lease. Until such time as the company or close corporation becomes the Tenant in terms hereof, the Landlord shall be entitled to regard the Trustee as the Tenant and shall be entitled to exercise all or any of the Landlord's rights against the Trustee personally. If the company or close corporation is formed, incorporated or registered, obtains a certificate to commence business and ratifies and adopts this agreement within the time periods referred to in 34.5.3 and 34....
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COMPANY OR CLOSE CORPORATION TO BE FORMED. If this lease is entered into by a person/s acting as Agent/s or trustee/s on behalf of a company or close Corporation or trust not yet formed then:
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Related to COMPANY OR CLOSE CORPORATION TO BE FORMED

  • Incorporators, Stockholders, Officers and Directors of Company Exempt from Individual Liability No recourse under or upon any obligation, covenant or agreement contained in this Indenture or any indenture supplemental hereto, or in any Security or any coupons appertaining thereto, or because of any indebtedness evidenced thereby, shall be had against any incorporator, as such or against any past, present or future stockholder, officer, director or employee, as such, of the Company or of any successor, either directly or through the Company or any successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities and the coupons appertaining thereto by the holders thereof and as part of the consideration for the issue of the Securities and the coupons appertaining thereto.

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