Common use of Increases in capital Clause in Contracts

Increases in capital. Each of the Shareholders shall exercise its voting rights in the Company and take such steps as lie within its powers to procure that (save for the shares to be subscribed for pursuant to the provisions of this Agreement) the issue of any unissued shares or of any new shares from time to time created in the capital of the Company shall before issuance be offered for subscription in the first instance to such Persons as at the date of the offer are registered as shareholders of the Company in proportion as nearly as practicable to their respective Shareholding Percentages.

Increases in capital. Each of the Shareholders shall exercise its voting rights for the time being in the Company and take such steps as for the time being lie within its powers to procure that (save for the shares to be subscribed for pursuant to the provisions of this Agreement) the issue of any unissued shares or of any new shares from time to time created in the capital of the Company shall before issuance be offered for subscription in the first instance to such Persons persons as at the date of the offer are registered as shareholders of the Company in proportion as nearly as practicable to their respective Shareholding Percentages.