Common use of Paying-up (of shares Clause in Contracts

Paying-up (of shares. The issue price of the securities issued by the Company shall be paid up under the terms and conditions laid down by the General Meeting of Shareholders or, if none are laid down, by Managing Partner. Any delay in the payment of monies owing on the non paid-up amount of said securities shall automatically result in the payment of interest at the one-year Euribor rate plus 1%, for each day from the date on which payment is due, without prejudice to the relevant statutory provisions.

Paying-up (of shares. The issue price of the securities issued by the Company shall be paid up under the terms and conditions laid down by the General Meeting of Shareholders shareholders or, if none are laid down, by the Managing Partner. Any delay in the payment of monies owing on the non paid-up amount of said securities shall automatically result in the payment of interest at the one-year Euribor EURIBOR rate plus 1%, for each day from the date on which payment is due, without prejudice to the relevant statutory provisions.