Common use of Free Transferability of Dividends or Distributions Clause in Contracts

Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all dividends and other distributions declared and payable on the Ordinary Shares may under current Cayman Islands and Singapore law and regulations be paid to the holders of Securities in United States dollars and may be converted into foreign currency that may be transferred out of the Cayman Islands and Singapore in accordance with, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands and Singapore will not be subject to income, withholding or other taxes under, the laws and regulations of the Cayman Islands and Singapore, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Cayman Islands and Singapore or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands and Singapore or any political subdivision or taxing authority thereof or therein.

Appears in 3 contracts

Samples: Underwriting Agreement (Rectitude Holdings Ltd.), Underwriting Agreement (Rectitude Holdings Ltd.), Underwriting Agreement (Rectitude Holdings Ltd.)

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Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all dividends and other distributions declared and payable on the Ordinary Shares may under current Cayman Islands and Singapore Japan law and regulations be paid to the holders of Securities in United States dollars and may be converted into foreign currency that may be transferred out of the Cayman Islands Islands, and Singapore Japan in accordance with, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands and Singapore or Japan, will not be subject to income, withholding or other taxes under, the laws and regulations of the Cayman Islands and SingaporeJapan, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Cayman Islands and Singapore Japan or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands and Singapore Japan or any political subdivision or taxing authority thereof or therein.

Appears in 2 contracts

Samples: Underwriting Agreement (BloomZ Inc.), Underwriting Agreement (BloomZ Inc.)

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Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all dividends and other distributions declared and payable on the Ordinary Shares may under current Cayman Islands and Singapore Malaysia law and regulations be paid to the holders of Securities in United States dollars and may be converted into foreign currency that may be transferred out of the Cayman Islands Islands, and Singapore Malaysia in accordance with, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands and Singapore or Malaysia, will not be subject to income, withholding or other taxes under, the laws and regulations of the Cayman Islands and SingaporeMalaysia, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Cayman Islands and Singapore Malaysia or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands and Singapore Malaysia or any political subdivision or taxing authority thereof or therein.

Appears in 1 contract

Samples: Underwriting Agreement (Starbox Group Holdings Ltd.)

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