Corporate Capital Clause Samples

Corporate Capital. 7.1. NewCo shall have a fully subscribed and paid-up corporate capital equivalent to EURO 1 million which shall be represented by 1 million shares having a face value of 1 EURO each.

Corporate Capital. The Corporate Capital is comprised of Euro 1,860,233,510 (one billion eight hundred sixty million two hundred thirty three thousand five hundred and ten Euro) divided into n. 1,860,233,510 (one billion eight hundred sixty million two hundred thirty three thousand five hundred and ten) Shares, with a nominal value of 1 (one) Euro each. The Corporation may satisfy its own financial needs by taking advantage of financing on the part of its stockholders, within the limits and under the conditions established by current law and the current regulations governing such transactions, and in particular, according to the criteria established by the Interdepartmental Committee for Financing and Savings.

Corporate Capital. 5.2.1 The corporate capital of the Midas Companies is duly and validly issued, fully paid in. 5.2.2 The shares held by MIDAS in the Midas Companies are the exclusive property of MIDAS or other MIDAS subsidiaries. There are no capital increases, issuance of shares or other operations relating to the capital of the Midas Companies pending or authorized, except those mentioned in clause III.4.2. 5.2.3 All the shares of the Midas Companies are free from any and all pledges, restrictions, obligations, sequestration, privileges, claims, options, usufruct, burdens or encumbrances, rights or claims of third parties for the acquisition of the shares or any interest therein, or for the issuance of other shares or quotas of the Midas Companies. 5.2.4 MIDAS may enter into and perform this Agreement without the necessity of obtaining the consent, authorization, or approval from any third parties or public authorities, except as indicated in this Agreement. The drafting of this Agreement, and the carrying out of the transactions contemplated herein, shall not violate the deed of incorporation or the by-laws of the Midas Companies, or constitute a breach of any agreement or contract which MIDAS, and/or the Midas Companies are a party to.

Corporate Capital. As of the Closing Date, the authorized corporate capital of the Company is equal to Euro 100,000.00 (one hundred thousand/00), it is fully subscribed and fully paid-in and is represented by the Quota, which has a comprehensive par value equal to Euro 100,000.00 (one hundred thousand/00).

Corporate Capital. The corporate capital shall be variable. The minimum fixed portion of the corporate capital, is the amount of $50,000.00 (fifty thousand pesos 00/100 Mexican currency), and is represented by common, nominative Class I shares, without par value, all of which are fully subscribed and paid. The variable portion of the corporate capital shall be for an unlimited amount and shall be represented by common, nominative Class II shares, without par value. Unless otherwise specifically set forth in these by-laws each share shall entitle the holder thereof to cast one vote at Shareholders Meetings.

Corporate Capital. The Borrower must not: (a) issue any quota capital or alter any rights attaching to its issued quota capital as at the date of this Agreement; or (b) issue any voting capital. other than pursuant to the Equity Subscription Agreement.

Corporate Capital. APUC or LUC will make capital investments for the benefit of all the utilities or facilities it owns (examples include corporate headquarters, IT systems, etc.). All capital investments kept at the corporate level benefiting all facilities will be distributed monthly in the form of an intercompany operating expense charge that captures the depreciation expense and cost of capital associated with the assets. All costs associated to service the investment will be allocated to APCo and LUC’s utilities based on that department’s allocation where the capital investment is made. For example, if the capital investment is made in Human Resources then the allocation methodology used for Human Resources to allocate non-capital indirect costs as shown in Table 4a will be used to allocate the charge associated with the corporate capital expenditures, including the cost of capital, depreciation, property tax, operation and maintenance costs and all other associated costs. Any corporate capital charges allocated to LUC are then reallocated to individual companies using the Utility Four-Factor Methodology set forth in CAM Table 2.

Corporate Capital the Seller represents and warrants to the Buyer that: (a) the corporate capital of the Company amounts to CHF 100’000 (one hundred thousand Swiss francs), is liberated in measure of CHF 50’000 (fifty thousand Swiss francs), is duly authorized and validly issued; and (b) there are no outstanding: (a) options, warrants, or other rights to purchase any capital stock of the Company; (b) securities convertible into or exchangeable for shares of the Company; or (c) other commitments of any kind for the issuance of additional shares, warrants, convertible or exchangeable bonds, financial instruments, or other securities or any rights relating to the corporate capital of the Company.

Corporate Capital. The CONCESSIONAIRE’s subscribed corporate capital shall be three million Brazilian Reais (R$ 3,000,000.00), which are fully paid on the date when the AGREEMENT was executed.