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 Class A Ordinary Shares may under current BVI and Malaysia laws 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 BVI and Malaysia in accordance with, and all such payments made to holders thereof or therein who are non-residents of BVI or Malaysia, will not be subject to income, withholding or other taxes under, the laws and regulations of BVI and Malaysia, 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 BVI and Malaysia or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in BVI and Malaysia or any political subdivision or taxing authority thereof or therein.

Appears in 5 contracts

Samples: Underwriting Agreement (Linkers Industries LTD), Underwriting Agreement (Linkers Industries LTD), Underwriting Agreement (Linkers Industries LTD)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!