Common use of SHARE CAPITAL AND SHARES Clause in Contracts

SHARE CAPITAL AND SHARES. The basic eligibility requirements for participation in the Company as a Member are set forth in Section 2.01 of the Agreement. The Board shall cause to be kept a Register of Members and there shall be entered therein the particulars required under the Act. Every Member whose name is entered as a member in the Register of Members shall be entitled, if such Member so requests, to a certificate under the seal of the Company signed by the President or any Director and also by the Secretary, specifying the share held by the Member and whether the same is fully paid up and, if not, how much has been paid thereon. If any such certificate shall be proved to the satisfaction of the Board of Directors to have been worn out, lost, mislaid or destroyed the Board of Directors authorizes the Secretary to cause a new certificate to be issued if the Member shall so request. Notwithstanding the foregoing, the Register of Members shall be prima facie evidence of all shareholding in the Company.

SHARE CAPITAL AND SHARES. The basic eligibility requirements for participation in the Company as a Member are set forth in Section 2.01 Exhibit B of the Agreement. The Board shall cause to be kept a Register of Members and there shall be entered therein the particulars required under the Act. Every Member whose name is entered as a member in the Register of Members shall be entitled, if such Member so requests, to a certificate under the seal of the Company signed by the President or any Director and also by the Secretary, specifying the share held by the Member and whether the same is fully paid up and, if not, how much has been paid thereon. If any such certificate shall be proved to the satisfaction of the Board of Directors to have been worn out, lost, mislaid or destroyed the Board of Directors authorizes the Secretary to cause a new certificate to be issued if the Member shall so request. Notwithstanding the foregoing, the Register of Members shall be prima facie evidence of all shareholding in the Company.