Power to Set Aside Profits. The Board may, before declaring a dividend, set aside out of the surplus or profits of the Company, such amount as it thinks proper as a reserve to be used to meet contingencies or for equalising dividends or for any other purpose.
Appears in 8 contracts
Samples: Transaction Agreement (Apollo Global Management, Inc.), Transaction Agreement (Athene Holding LTD), Share Transfer and Exchange Agreement (IBEX Holdings LTD)
Power to Set Aside Profits. The Board may, before declaring a dividend, set aside out of the surplus or profits of the Company, such amount sum as it thinks proper as a reserve to be used to meet contingencies or for equalising dividends or for any other purpose.
Appears in 4 contracts
Samples: Shareholders’ Agreement (Travelport LTD), Shareholders Agreement (China Netcom Group CORP (Hong Kong) LTD), Shareholders Agreement (China Netcom Group CORP (Hong Kong) LTD)
Power to Set Aside Profits. 17.1 The Board may, before declaring a dividend, set aside out of the surplus or profits of the Company, such amount sum as it thinks proper as a reserve to be used to meet contingencies or for equalising dividends or for any other purpose. Pending application, such sums may be employed in the business of the Company or invested, and need not be kept separate from other assets of the Company. The Directors may also, without placing the same to reserve, carry forward any profit which they decide not to distribute.
Appears in 3 contracts
Samples: Senior Preferred Share Purchase Agreement (Nobao Renewable Energy Holdings LTD), Share Exchange Agreement (Himax Technologies, Inc.), Share Purchase Agreement (Xinhua Finance Media LTD)
Power to Set Aside Profits. The Board may, before declaring a dividenddividend or distribution, set aside out of the surplus or profits of the Company, such amount as it thinks proper as a reserve to be used to meet contingencies or contingencies, for equalising dividends dividends, securing equality of distribution or for any other purpose.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Markit Ltd.), Agreement and Plan of Merger (IHS Inc.)
Power to Set Aside Profits. 43.1 The Board may, before declaring a dividend, set aside out of the surplus or profits of the Company, such amount sum as it thinks proper as a reserve to be used to meet contingencies or for equalising dividends dividends, or for any other purpose. Pending application, such sums may be employed in the business of the Company or invested, and need not be kept separate from other assets of the Company. The Directors may also, without placing the same to reserve, carry forward any profit which they decide not to distribute.
Appears in 1 contract
