Common use of Forfeiture of Shares Clause in Contracts

Forfeiture of Shares. 7.1 If any Member fails to pay, on the day appointed for payment thereof, any call in respect of any share allotted to or held by such Member, the Board may, at any time thereafter during such time as the call remains unpaid, direct the Secretary to forward such Member a notice in writing in the form, or as near thereto as circumstances admit, of the following: Notice of Liability to Forfeiture for Non-Payment of Call • (the “Company”) You have failed to pay the call of [amount of call] made on the [ ] day of [ ], 200[ ], in respect of the [number] share(s) [number in figures] standing in your name in the Register of Members of the Company, on the [ ] day of [ ], 200[ ], the day appointed for payment of such call. You are hereby notified that unless you pay such call together with interest thereon at the rate of [ ] per annum computed from the said [ ] day of [ ], 200[ ] at the registered office of the Company the share(s) will be liable to be forfeited. Dated this [ ] day of [ ], 200[ ] [Signature of Secretary] By Order of the Board

Appears in 3 contracts

Samples: Share Restriction Agreement (China Kanghui Holdings), Share Purchase Agreement (China Kanghui Holdings), Share Exchange Agreement (Himax Technologies, Inc.)

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Forfeiture of Shares. 7.1 6.1. If any Member fails to pay, on the day appointed for payment thereof, any call in respect of any share allotted to or held by such Member, the Board may, at any time thereafter during such time as the call remains unpaid, direct the Secretary to forward such Member a notice in writing in the form, or as near thereto as circumstances admit, of the following: Notice of Liability to Forfeiture for Non-Payment of Call IHS Markit Ltd. (the “Company”) You have failed to pay the call of [amount of call] made on the [ ] day of [ ], 200[ [date], in respect of the [number] share(s) [number in figures] standing in your name in the Register of Members of the Company, on the [ ] day of [ ], 200[ [date], the day appointed for payment of such call. You are hereby notified that unless you pay such call together with interest thereon at the rate of [ ] per annum computed from the said [ ] day of [ ], 200[ [date] at the registered office of the Company the share(s) will be liable to be forfeited. Dated this [ ] day of [ ], 200[ [date] [Signature of Secretary] By Order of the Board

Appears in 2 contracts

Samples: Agreement and Plan of Merger (IHS Inc.), Agreement and Plan of Merger (Markit Ltd.)

Forfeiture of Shares. 7.1 If any Member fails to pay, on the day appointed for payment thereof, any call in respect of any share allotted to or held by such Member, the Supervisory Board may, at any time thereafter during such time as the call remains unpaid, direct the Secretary to forward such Member a notice in writing in the form, or as near thereto as circumstances admit, of the following: Notice of Liability to Forfeiture for Non-Payment of Call — Ltd. (the “Company”) You have failed to pay the call of [amount of call] made on the [ ] day of [ ], 20020[ ], in respect of the [numbernumber and class] share(s) [number in figures] standing in your name in the Register of Members of the Company, on the [ ] day of [ ], 20020[ ], the day appointed for payment of such call. You are hereby notified that unless you pay such call together with interest thereon at the rate of [ ] per annum computed from the said [ ] day of [ ], 20020[ ] at the registered office Registered Office of the Company the share(s) will be liable to be forfeited. Dated this [ ] day of [ ], 20020[ ] _______________________________________ [Signature of Secretary] By Order of the Supervisory Board

Appears in 2 contracts

Samples: Share Exchange Agreement (VimpelCom Ltd.), Share Exchange Agreement (VimpelCom Ltd.)

Forfeiture of Shares. 7.1 If any Member fails to pay, on the day appointed for payment thereof, any call in respect of any share allotted to or held by such Member, the Board may, at any time thereafter during such time as the call remains unpaid, direct the Secretary to forward such Member a notice in writing in the form, or as near thereto as circumstances admit, of the following: Notice of Liability to Forfeiture for Non-Payment of Call - (the "Company") You have failed to pay the call of [amount of call] made on the [ ] day of [ ], 200[ ], in respect of the [number] share(s) [number in figures] standing in your name in the Register of Members of the Company, on the [ ] day of [ ], 200[ ], the day appointed for payment of such call. You are hereby notified that unless you pay such call together with interest thereon at the rate of [ ] per annum computed from the said [ ] day of [ ], 200[ ] at the [registered office office/place of business] of the Company the share(s) will be liable to be forfeited. Dated this [ ] day of [ ], 200[ ] ________________________________ [Signature of Secretary] By Order of the Board

Appears in 2 contracts

Samples: Shareholders Agreement (China Netcom Group CORP (Hong Kong) LTD), Shareholders Agreement (China Netcom Group CORP (Hong Kong) LTD)

Forfeiture of Shares. 7.1 If any Member fails to pay, on the day appointed for payment thereof, any call in respect of any share allotted to or held by such Member, the Supervisory Board may, at any time thereafter during such time as the call remains unpaid, direct the Secretary to forward to such Member a notice in writing in the form, or as near thereto as circumstances admit, of the following: Notice of Liability to Forfeiture for Non-Payment of Call — Ltd. (the “Company”) You have failed to pay the call of [amount of call] made on the [ ] day of [ ], 20020[ ], in respect of the [numbernumber and class] share(s) [number in figures] standing in your name in the Register of Members of the Company, on the [ ] day of [ ], 20020[ ], the day appointed for payment of such call. You are hereby notified that unless you pay such call together with interest thereon at the rate of [ ] per annum computed from the said [ ] day of [ ], 20020[ ] at the registered office Registered Office of the Company the share(s) will be liable to be forfeited. Dated this [ ] day of [ ], 20020[ ] _______________________________________ [Signature of Secretary] By Order of the Supervisory Board

Appears in 2 contracts

Samples: Share Exchange Agreement (VimpelCom Ltd.), Share Exchange Agreement (VimpelCom Ltd.)

Forfeiture of Shares. 7.1 If any Member fails to pay, on the day appointed for payment thereof, any call in respect of any share allotted to or held by such Member, the Board may, at any time thereafter during such time as the call remains unpaid, direct the Secretary to forward such Member a notice in writing in the form, or as near thereto as circumstances admit, of the following: Notice of Liability to Forfeiture for Non-Payment of Call [Red Lion] Ltd. (the “Company”) [Red Lion] Ltd. You have failed to pay the call of [amount of call] made on the [ ] day of [ ], 200[ [date], in respect of the [number] share(s) [number in figures] standing in your name in the Register of Members of the Company, on the [ ] day of [ ], 200[ [date], the day appointed for payment of such call. You are hereby notified that unless you pay such call together with interest thereon at the rate of [ ] per annum computed from the said [ ] day of [ ], 200[ [date] at the registered office of the Company the share(s) will be liable to be forfeited. Dated this [ ] day of [ ], 200[ [date] [Signature of Secretary] By Order of the Board

Appears in 1 contract

Samples: Separation Agreement (C&J Energy Services, Inc.)

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Forfeiture of Shares. 7.1 If any Member fails to pay, on the day appointed for payment thereof, any call in respect of any share allotted to or held by such Member, the Board may, at any time thereafter during such time as the call remains unpaid, direct the Secretary to forward such Member a notice in writing in the form, or as near thereto as circumstances admit, of the following: Notice of Liability to Forfeiture for Non-Payment of Call • (the “Company”) You have failed to pay the call of [amount of call] made on the [ ] day of [ ], 200[ ], in respect of the [number] share(s) [number in figures] standing in your name in the Register of Members of the Company, on the [ ] day of [ ], 200[ ], the day appointed for payment of such call. You are hereby notified that unless you pay such call together with interest thereon at the rate of [ ] per annum computed from the said [ ] day of [ ], 200[ ] at the registered office of the Company the share(s) will be liable to be forfeited. Dated this [ ] day of [ ], 200[ ] _______________________ [Signature of Secretary] By Order of the Board

Appears in 1 contract

Samples: Shareholders’ Agreement (Travelport LTD)

Forfeiture of Shares. 7.1 7.1. If any Member fails to pay, on the day appointed for payment thereof, any call in respect of any share allotted to or held by such Member, the Board may, at any time thereafter during such time as the call remains unpaid, direct the Secretary to forward such Member a notice in writing in the form, or as near thereto as circumstances admit, of the following: Notice of Liability to Forfeiture for Non-Payment of Call Xxxxxxxx.xxx Limited (the “Company”) You have failed to pay the call of [amount of call] made on the [ ] day of [ ], 200[ [date], in respect of the [number] share(s) [number in figures] [name of class of share(s)] standing in your name in the Register of Members of the Company, on the [ ] day of [ ], 200[ [date], the day appointed for payment of such call. You are hereby notified that unless you pay such call together with interest thereon at the rate of [ ] per annum computed from the said [ ] day of [ ], 200[ [date] at the registered office of the Company the share(s) will be liable to be forfeited. Dated this [ ] day of [ ], 200[ [date] [Signature of Secretary] By Order of the BoardBoard Xxxxxxxx.xxx Limited

Appears in 1 contract

Samples: Plan of Merger (Changyou.com LTD)

Forfeiture of Shares. 7.1 If any Member fails to pay, on the day appointed for payment thereof, any call in respect of any share allotted to or held by such Member, the Board may, at any time thereafter during such time as the call remains unpaid, direct the Secretary to forward such Member a notice in writing in the form, or as near thereto as circumstances admit, of the following: Notice of Liability to Forfeiture for Non-Payment of Call • (the “Company”) You have failed to pay the call of [amount of call] made on the [ ] day of [ ], 20020[ ], in respect of the [number] share(s) [number in figures] standing in your name in the Register of Members of the Company, on the [ ] day of [ ], 20020[ ], the day appointed for payment of such call. You are hereby notified that unless you pay such call together with interest thereon at the rate of [ ] per annum computed from the said [ ] day of [ ], 20020[ ] at the registered office of the Company the share(s) will be liable to be forfeited. Dated this [ ] day of [ ], 20020[ ] [Signature of Secretary] By Order of the Board

Appears in 1 contract

Samples: Senior Preferred Share Purchase Agreement (Nobao Renewable Energy Holdings LTD)

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