Common use of Repayments of Share Capital Clause in Contracts

Repayments of Share Capital. The Company has not any time after 6/th/ April, 1965 repaid, redeemed or repurchased or agreed to repay, redeem or repurchase or granted an option under which it may become liable to purchase any shares of any class of its issued share capital nor has the Company after that date capitalised or agreed to capitalise in the form of shares or debentures any profits or reserves of any class or description or otherwise issued or agreed to issue any share capital other than for the receipt of new consideration (within the meaning of Part VI, ICTA 1988) or passed or agreed to pass any resolution to do so.

Repayments of Share Capital. The Company has not any time after 6/th/ April, 6 April 1965 repaid, redeemed or repurchased or agreed to repay, redeem or repurchase repurchase, or granted an option under which it may become liable to purchase purchase, any shares of any class of its issued share capital nor has the Company after that date capitalised or agreed to capitalise in the form of shares or debentures any profits or reserves of any class or description or otherwise issued or agreed to issue any share capital other than for the receipt of new consideration (within the meaning of Part VI, ICTA 1988TA 88) or passed or agreed to pass any resolution to do so.

Repayments of Share Capital. The Company has not any time after 6/th/ 6th April, 1965 repaid, redeemed or repurchased or agreed to repay, redeem or repurchase or granted an option under which it may become liable to purchase any shares of any class of its issued share capital nor has the Company after that date capitalised or agreed to capitalise in the form of shares or debentures any profits or reserves of any class or description or otherwise issued or agreed to issue any share capital other than for the receipt of new consideration (within the meaning of Part VI, ICTA 1988TA 88) or passed or agreed to pass any resolution to do so.