Increase and Reduction of Registered Capital. (a) The Company shall not increase or reduce the Registered Capital during the JV Term unless approved by the Board in accordance with this Contract and the Articles of Association and approved by the Examination and Approval Authority. The amount, mode and ratio of any capital increase or reduction shall be negotiated by the Parties and decided by the Board.
Appears in 3 contracts
Samples: Equity Joint Venture Contract, Equity Joint Venture Contract (1295728 Alberta ULC), Equity Joint Venture Contract (Unifi Inc)
Increase and Reduction of Registered Capital. (a) The Company Joint Venture shall not increase or reduce the Registered Capital during the JV Term unless approved by the Board of the Joint Venture in accordance with Section 8.3(b)(iii) of this Contract and the Articles of Association and approved by the Examination and Approval Authority. The amount, mode method and ratio percentage of any capital increase or reduction shall be negotiated by the Parties and decided by the Board. The contribution will be diluted equally when increasing Registered Capital.
Appears in 1 contract
Increase and Reduction of Registered Capital. (a) The Company shall not increase or reduce the Registered Capital during the JV Term unless approved by the Board in accordance with this Contract and the Articles of Association and approved by the Examination and Approval Authority. The amount, mode amount and ratio manner of any capital increase or reduction shall be negotiated by the Parties and decided by the Board.
Appears in 1 contract
Samples: Equity Joint Venture Contract (Noble International, Ltd.)
