Common use of Forfeiture of Shares Clause in Contracts

Forfeiture of Shares. If a Shareholder fails to pay any call or instalment of a call in respect of any Shares on the day appointed for payment, the Directors may, at any time thereafter during such time as any part of such call or instalment remains unpaid, serve a notice on him requiring payment of so much of the call or instalment as is unpaid, together with any interest which may have accrued.

Appears in 13 contracts

Samples: Transaction Agreement (Manchester United PLC), Business Combination Agreement (Bridgetown Holdings LTD), Business Combination Agreement (Bridgetown Holdings LTD)

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Forfeiture of Shares. If a Shareholder fails to pay any call or instalment of a call in respect of any Shares on the day appointed for payment, the Directors may, at any time thereafter during such time as any part of such call or instalment remains unpaid, serve a notice on him them requiring payment of so much of the call or instalment as is unpaid, together with any interest which may have accrued.

Appears in 7 contracts

Samples: Business Combination Agreement (Investcorp AI Acquisition Corp.), Business Combination Agreement (Bridgetown Holdings LTD), Business Combination Agreement (Bridgetown Holdings LTD)

Forfeiture of Shares. If a Shareholder fails to pay any call or instalment of a call in respect of any partly paid Shares on the day appointed for payment, the Directors may, at any time thereafter during such time as any part of such call or instalment remains unpaid, serve a notice on him requiring payment of so much of the call or instalment as is unpaid, together with any interest which may have accrued.

Appears in 5 contracts

Samples: Merger Agreement (L Catterton Asia Acquisition Corp), Merger Agreement (COVA Acquisition Corp.), Announcement

Forfeiture of Shares. If a Shareholder fails to pay any call or instalment of a call in respect of any Shares on the day appointed for payment, the Board of Directors may, at any time thereafter during such time as any part of such call or instalment remains unpaid, serve a notice on him them requiring payment of so much of the call or instalment as is unpaid, together with any interest which may have accrued.

Appears in 4 contracts

Samples: Business Combination Agreement (Investcorp AI Acquisition Corp.), Agreement and Plan of Merger (Cartica Acquisition Corp), Business Combination Agreement (Investcorp Europe Acquisition Corp I)

Forfeiture of Shares. If a Shareholder any shareholder fails to pay any call or instalment of a call in respect of any Shares on or before the day appointed for payment, the Directors may, directors may at any time thereafter during such time as any part of such while the call or instalment remains unpaid, unpaid serve a notice on him such shareholder requiring payment of so much of the call or instalment as is unpaid, thereof together with any interest which that may have accruedaccrued and all expenses that may have been incurred by the Company by reason of such non-payment.

Appears in 3 contracts

Samples: Amalgamation Agreement (Colt Defense Technical Services LLC), Amalgamation Agreement (Iron Mountain Global LLC), Articles of Association (Archivex LTD)

Forfeiture of Shares. If a Shareholder Member fails to pay any call or instalment of a call in respect of any Shares on the day appointed for payment, the Directors may, at any time thereafter during such time as any part of such call or instalment remains unpaid, serve a notice on him requiring payment of so much of the call or instalment as is unpaid, together with any interest which may have accrued.

Appears in 2 contracts

Samples: Subscription Agreement (Spotify Technology S.A.), Subscription Agreement (Spotify Technology S.A.)

Forfeiture of Shares. If a Shareholder any shareholder fails to pay any call or instalment of a call in respect of any Shares installment on or before the day appointed for payment, the Directors may, directors may at any time thereafter during such time as any part of such while the call or instalment installment remains unpaid, unpaid serve a notice on him such shareholder requiring payment of so much of the call or instalment as is unpaid, thereof together with any interest which that may have accruedaccrued and all expenses that may have been incurred by the Company by reason of such non-payment.

Appears in 1 contract

Samples: Articles of Association (3003969 Nova Scotia LTD)

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Forfeiture of Shares. 41 If a Shareholder fails to pay any call or instalment of a call in respect of any Shares on the day appointed for paymentpayment thereof, the Directors may, at any time thereafter during such time as any part of such call or instalment remains unpaid, serve a notice on him requiring payment of so such much of the call or instalment as is unpaid, together with any interest which may have accrued.

Appears in 1 contract

Samples: Business Combination Agreement (Grab Holdings LTD)

Forfeiture of Shares. If a Shareholder fails to pay any call or instalment of a call in respect of any Shares on the day appointed for payment, the Directors may, at any time thereafter during such time as any part of such call or instalment remains unpaid, serve a notice on him or her requiring payment of so much of the call or instalment as is unpaid, together with any interest which may have accrued.

Appears in 1 contract

Samples: Business Combination Agreement (Fat Projects Acquisition Corp)

Forfeiture of Shares. If a Shareholder fails to pay any call or instalment of a call in respect of any partly paid Shares on the day appointed for payment, the Directors may, at any time thereafter during such time as any part of such call or instalment remains unpaid, serve a notice on him such Shareholder requiring payment of so much of the call or instalment as is unpaid, together with any interest which may have accrued.

Appears in 1 contract

Samples: Business Combination Agreement (Chenghe Acquisition II Co.)

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