Common use of Making of calls Clause in Contracts

Making of calls. Subject to the terms of allotment, the Directors may make calls upon the Members in respect of any moneys unpaid on their Shares and each Member (subject to receiving at least fourteen Clear Days' notice specifying when and where payment is to be made) shall pay to the Company as required by the notice the amount called on his Shares. A call may be required to be paid by installments. A call may be revoked before receipt by the Company of a sum due thereunder, in whole or in part, and payment of a call may be postponed in whole or in part. A person upon whom a call is made shall remain liable for such call notwithstanding the subsequent transfer of the Shares in respect of which the call was made.

Making of calls. Subject to the terms of allotment, the Directors may make calls upon the Members in respect of any moneys unpaid on their Shares and each Member (subject to receiving at least fourteen Clear Days' notice specifying when and where payment is to be made) shall pay to the Company as required by the notice the amount called on his Shares. A call may be required to be paid by installmentsinstalments. A call may be revoked before receipt by the Company of a sum due thereunder, in whole or in part, and payment of a call may be postponed in whole or in part. A person upon whom a call is made shall remain liable for such call notwithstanding the subsequent transfer of the Shares in respect of which the call was made.

Making of calls. Subject to the terms of allotment, the Directors may make calls upon the Members members in respect of any moneys unpaid on their Shares shares and each Member member (subject to receiving at least fourteen Clear Days' ’ notice specifying when and where payment is to be made) shall pay to the Company as required by the notice the amount called on his Sharesshares. A call may be required to be paid by installmentsinstalments. A call may be revoked before receipt by the Company of a sum due thereunder, in whole or in part, part and payment of a call may be postponed in whole or in part. A person upon whom a call is made shall remain liable for such call calls made upon him notwithstanding the subsequent transfer of the Shares shares in respect of which the call was made.