Further Shares. The Shareholder shall not, without the prior written consent of the Subordination Agent, procure or authorise or, to the extent within its control, permit the issue of any further shares in the Company and if any further such shares are issued despite the provisions of this Section 4.02 (Further shares), the Shareholder shall procure that such further shares are held on the terms of the Charge over Shares as if they were included in the Charged Shares and, at no cost to the Subordination Agent, immediately procure the execution of:
(a) documentation necessary to charge such shares in accordance with the terms of the Charge over Shares in form and substance satisfactory to the Subordination Agent and the share transfer forms and proxies referred to in Sections 3.4 (b) and (d) of the Charge over Shares duly signed by the holders of such shares and promptly deliver them to the Subordination Agent; and
(b) documentation necessary to make such shares subject to an option, as set out in Article II (Grant of call option).
Further Shares. Upon its becoming the beneficial or registered owner of any Charged Shares (other than the Initially Charged Shares) DesalCo shall ensure that such Charged Shares (unless already so registered) are registered in the name of the DesalCo and shall promptly notify the Secured Party of such circumstances and deposit with the Secured Party any share certificates and other documents of title representing such Charged Shares together with blank stock transfer forms in respect of such Charged Shares duly executed by or on behalf of DesalCo. The Borrower shall pay when due all calls or other requests for payments due in respect of any of the Secured Property, but if the Borrower fails to make any such payment the Secured Party may (but shall not be obliged to) make such payment on behalf of the Borrower and if the Secured Party does so the Borrower shall promptly on demand of the Secured Party pay to the Secured Party an amount equal to such payment.
Further Shares. Upon its becoming the beneficial or registered owner of any Charged Shares (other than the Initially Charged Shares) the Chargor shall ensure that such Charged Shares (unless already so registered) are registered in the name of the Chargor and shall promptly notify the Security Recipient of such circumstances and deposit with the Security Recipient:
Further Shares. All Further Shares and any Shares comprised in any Derived Assets: (a) have been duly authorised and validly issued; (b) are free from any restrictions or conditions on transfer or rights of pre‑emption, except as otherwise permitted by the Loan Agreement; (c) are fully paid, and no monies or liabilities are outstanding in respect of any of them; and together with the Original Shares, any Further Shares and Shares comprised in any Derived Assets previously issued represent the whole of the issued share capital of the Company except as otherwise permitted by the Loan Agreement.
Further Shares. The SPE will not issue any further shares other than the one fully paid up ordinary share of £1 owned by SFM Corporate Services Limited.
Further Shares. Consultant agrees that it, together with its Affiliates, will in no event acquire or own any shares of common stock of Elevai Labs Inc., par value $0.0001 per share, other than the Shares issued to Consultant hereunder without the prior written consent of Company. For purposes of the foregoing “Affiliate” means, with respect to Consultant, any other person or entity which directly or indirectly controls, is controlled by, or is under common control with, Consultant. For the purposes of this definition, a person or entity shall be regarded as in control of or common control with Consultant if it or Xxxxxx Xxxx owns, or directly or indirectly controls, more than fifty percent (50%) of the voting stock or other ownership interest such person or entity, or if Consultant or Xxxxxx Xxxx directly or indirectly possesses the power to direct or cause the direction of the management and policies of the other person or entity by any means whatsoever.
Further Shares. If Wescorp fails to deliver any of the Second Tranche to Epitihia, Wescorp will cause to be issued further Wescorp Shares to Epitihia representing ten percent (10%) of the amount of Wescorp Shares then due and outstanding on a cumulative monthly basis, until all such outstanding shares are provided and transferred to Epitihia.
Further Shares. This term shall have the meaning set forth in Section 7.3 hereof.
Further Shares. In Clauses 5.1(a), 5.1(b) and 5.1
Further Shares. Upon its becoming the beneficial or registered owner of any Charged Shares (other than the Initially Charged Shares) the Borrower shall ensure that such Charged Shares (unless already so registered) are registered in the name of the Borrower and shall promptly notify the Trustee of such circumstances. The Borrower shall pay when due all calls or other requests for payments due in respect of any of the Secured Property, but if the Borrower fails to make any such payment the Trustee may (but shall not be obliged to) make such payment on behalf of the Borrower and if the Trustee does so the Borrower shall promptly on demand of the Trustee pay to the Trustee an amount equal to such payment.
