Paid-up Capital. The Lassen Stock are validly issued and outstanding as fully paid and non-assessable shares and the Lassen Security Holders are the beneficial owners of and have the right and authority to dispose of and give good and marketable title to the Lassen Stock free and clear of all liens, charges, encumbrances and restrictions on transfer of any nature whatsoever save those existing pursuant to applicable securities legislation.
Paid-up Capital. The paid-up capital for Tax purposes of each Purchased Share and of each issued and outstanding share in the capital or a Subsidiary is no less than their stated capital for corporate purposes.
Paid-up Capital. Each of the parties will, following --------------- the execution of this Agreement and before the Effective Time, act together in good faith to determine the paid-up capital of all issued and outstanding shares of IVI Checkmate Ltd.
Paid-up Capital. The shares of the Target Company to be purchased by the Senmiao WFOE from the Target Company Shareholders as listed in details under Section B of Recitals under this Agreement have been duly subscribed and fully paid up.
Paid-up Capital. Amalco will add to its capital maintained in respect of the Amalco Shares an amount equal to the aggregate paid-up capital, for purposes of the Tax Act, of the Subco Shares and the Ultron Shares immediately prior to the Amalgamation (less the paid-up capital of any Dissenting Ultron Shares held by Dissenting Shareholders who do not exchange their Ultron Shares for Issuer Shares on the Amalgamation).
Paid-up Capital. The paid-up capital for Tax purposes of each of the Securities is no less than its stated capital for corporate purposes.
Paid-up Capital. The paid up capital for all the issued and outstanding Common Shares as of July 31, 1998 for purposes of the Income Tax Act (Canada) was $7,615,577.
Paid-up Capital. The paid up capital of the Amalco Common Shares will not exceed the aggregate of the paid up capital of the Alamos Common Shares and National Common Shares immediately before the Effective Date.
Paid-up Capital. The paid up capital of the Purchased Shares is as set out in Schedule 13.
Paid-up Capital. The paid up capital for the purposes of the Tax Act of the Shares of Holdco is as set forth on Schedule 4.12.
