Common use of Lien on Shares Clause in Contracts

Lien on Shares. The Company shall have a first and paramount lien and charge on all shares (whether fully paid-up or not) registered in the name of a Member (whether solely or jointly with others) for all debts, liabilities or engagements to or with the Company (whether presently payable or not) by such Member or his estate, either alone or jointly with any other person, whether a Member or not, but the Directors may at any time declare any share to be wholly or in part exempt from the provisions of this Article. The registration of a Transfer of any such share shall operate as a waiver of the Company’s lien (if any) thereon. The Company’s lien (if any) on a share shall extend to all dividends or other monies payable in respect thereof.

Lien on Shares. The Company shall have a first and paramount lien and charge on all shares Shares (whether fully paid-up or not) registered in the name of a Member (whether solely or jointly with others) for all debts, liabilities or engagements to or with the Company (whether presently payable or not) by such Member or his estate, either alone or jointly with any other person, whether a Member or not, but the Directors may at any time declare any share Share to be wholly or in part exempt from the provisions of this Article. The registration of a Transfer transfer of any such share Share shall operate as a waiver of the Company’s lien (if any) thereon. The Company’s lien (if any) on a share Share shall also extend to all dividends or other monies any amount payable in respect thereofof that Share.

Lien on Shares. The Company shall have a first and paramount lien and charge on all shares (whether fully paid-up or not) registered in the name of a Member (whether solely or jointly with others) for all debts, liabilities or engagements to or with the Company (whether presently payable or not) by such Member or his estate, either alone or jointly with any other person, whether a Member or not, but the Directors may at any time declare any share to be wholly or in part exempt ex empt from the provisions of this Article. The registration of a Transfer transfer of any such share shall operate oper ate as a waiver of the Company’s lien (if any) thereon. The Company’s lien (if any) on a share shall extend to all dividends or other monies payable in respect thereof.

Lien on Shares. The Company shall have a first and paramount lien and charge on all shares Shares (whether fully paid-up or not) registered in the name of a Member (whether solely or jointly with others) for all debts, liabilities or engagements to or with the Company (whether presently payable or not) by such Member or his their estate, either alone or jointly with any other person, whether a Member or not, but the Directors may at any time declare any share Share to be wholly or in part exempt from the provisions of this Article. The registration of a Transfer transfer of any such share Share shall operate as a waiver of the Company’s lien (if any) thereon. The Company’s lien (if any) on a share Share shall also extend to all dividends or other monies any amount payable in respect thereofof that Share.

Lien on Shares. The Company shall have a first and paramount lien and charge on all shares Shares (whether fully paid-up or not) registered in the name of a Member (whether solely or jointly with others) for all debts, liabilities or engagements to or with the Company (whether presently payable or not) by such Member or his such Member’s estate, either alone or jointly with any other person, whether a Member or not, but the Directors Board may at any time declare any share Share to be wholly or in part exempt from the provisions of this ArticleArticle 17. The registration of a Transfer transfer of any such share Share shall operate as a waiver of the Company’s lien (if any) thereon. The Company’s lien (if any) on a share Share shall also extend to all dividends or other monies any amount payable in respect thereofof that Share.

Lien on Shares. The Company shall have a first and paramount lien and charge on all shares (whether fully paid-up or not) registered in the name of a Member (whether solely or jointly with others) for all debts, liabilities or engagements to or with the Company (whether presently payable or not) by such Member or his estate, either alone or jointly with any other person, whether a Member or not, but the Directors may at any time declare any share to be wholly or in part exempt from the provisions of this Article. The registration of a Transfer transfer of any such share shall operate as a waiver of the Company’s lien (if any) thereon. The Company’s lien (if any) on a share shall extend to all dividends or other monies payable in respect thereof.

Lien on Shares. The Company shall have a first and paramount lien and charge on all shares Shares (whether fully paid-up or not) registered in the name of a Member (whether solely or jointly with others) for all debts, liabilities or engagements to or with the Company (whether presently payable or not) by such Member or his estate, either alone or jointly with any other person, whether a Member or not, but the Directors may at any time declare any share Share to be wholly or in part exempt from the provisions of this Article. The registration of a Transfer transfer of any such share Share shall operate as a waiver of the Company’s 's lien (if any) thereon. The Company’s 's lien (if any) on a share Share shall also extend to all dividends or other monies any amount payable in respect thereofof that Share.