Common use of Increase in Authorized Capital Clause in Contracts

Increase in Authorized Capital. Each Shareholder agrees to vote all of its Shares from time to time and at all times, in whatever manner shall be necessary to authorize an increase in the authorized number of shares of the Company so that there will be sufficient Ordinary Shares available for conversion of all of the then-outstanding Preferred Shares at any time that an adjustment to the relevant conversion price with respect to the Preferred Shares is made under the Articles.

Appears in 5 contracts

Samples: Shareholder Agreements, Shareholders Agreement (Momo Inc.), Series D Preferred Share Purchase Agreement (Momo Inc.)

AutoNDA by SimpleDocs

Increase in Authorized Capital. Each Shareholder agrees to vote all of his, her or its Shares in the Company (whether now owned or hereafter acquired or which the Shareholder may be empowered to vote), from time to time and at all times, in whatever manner shall be necessary to authorize an increase in the authorized number of shares capital of the Company so that there will be sufficient Ordinary Shares available for conversion of all of the then-then issued and outstanding Preferred Shares at any time that an adjustment to the relevant conversion price with respect to the Preferred Shares is made under the Articlestime.

Appears in 2 contracts

Samples: Shareholder Agreements (Qiniu Ltd.), Shareholder Agreement (Qiniu Ltd.)

AutoNDA by SimpleDocs

Increase in Authorized Capital. Each Shareholder agrees to vote all of its Shares from time to time and at all times, in whatever manner shall be necessary to authorize an increase in the authorized number of shares capital of the Company so that there will be sufficient Ordinary Shares available for conversion of all of the then-outstanding Preferred Shares at any time that an adjustment to the relevant conversion price with respect to the Preferred Shares is made under the Articles.

Appears in 2 contracts

Samples: Series C Preferred Share Purchase Agreement (Momo Inc.), Series C Preferred Share Purchase Agreement (Momo Inc.)

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