SHAREHOLDING IN THE COMPANY Sample Clauses

SHAREHOLDING IN THE COMPANY. Each of the parties shall subscribe for the shares of the Company, in consideration for the shares’ par value, and the Company shall issue 50% of the Company's shares to GEYI, and 50% of the Company’s shares to AK (each such amount of the shareholding shall hereinafter be referred to as the “Shares”).
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
SHAREHOLDING IN THE COMPANY. 2.1. As on the Effective Date and immediately prior to the Transfer Completion Date, the shareholding of the Company on an As Converted Basis is as described in SCHEDULE 2A.
Sample 1
SHAREHOLDING IN THE COMPANY. As at the date of this agreement, the Shareholders agree that they will each hold the legal interest in the shares in the Company to which they subscribe and they agree to be bound by the terms of this agreement in respect of those shares.
Sample 1
SHAREHOLDING IN THE COMPANY. 3.1 As of the execution date of this Agreement, the registered capital of the Company is RMB10 million. The shareholding structure of the Company as registered at the authority for industry and commerce is set out in the table below: Xxxxxxxxx Xxxx Subscribed for 5.3 Actual paid-in is 0 53% Xi Yang Subscribed for 4.7 Actual paid-in is 0 47% 3.2 Pursuant to the Share Entrustment Agreement between Party C and Party D dated April 26, 2018, Party C shall hold the 42.3% of shares in the Company on the behalf of Party D, the amount of whose shares was paid by Party D; pursuant to the Share Entrustment Agreement between Party B and Party E dated April 26, 2018, Party B shall hold the 5.3% of shares in the Company on the behalf of Party E, the amount of whose shares was paid by Party E; pursuant to the Share Entrustment Agreement between Party C and Party E dated April 26, 2018, Party C shall hold the 4.7% shares in the Company on the behalf of Party E, the amount of whose shares was paid by Party E, with the details set out in the following table: Xxxxxxxxx Xxxx 53% Xxxxxxxxx Xxxx 47.7% Xxxxxxx Xxx 5.3% Xi Yang 47% Yiqiang He 42.3% Xxxxxxx Xxx 4.7% 3.3 Party B, Party D and Party E are the actual shareholders of the Company, collectively holding 100% of the shares in the Company.
Sample 1
SHAREHOLDING IN THE COMPANY. 4.1 The shareholding of the company shall be as follows at the implementation date: 4.1.1 [Insert Shareholder 1 Here - Insert % Share Here]" 4.1.2 [Insert Shareholder 2 Here - Insert % Share Here]" 4.1.3 [Insert Shareholder 3 Here - Insert % Share Here]"
Sample 1
SHAREHOLDING IN THE COMPANY. 2.1 Forthwith after the signing of this agreement the parties shall cause the Company to sign all documentation to effect the following in respect of the Company: 2.1.1 The name of the Company shall be ALG BIO OILS LIMITED. 2.1.2 The Authorized share capital of the Company will be 1,000 (one thousand) Ordinary Shares. 2.1.3 The issued share capital of the Company will be 1,000 (One thousand) Ordinary Shares. 2.1.4 The main object and business of the Company will be to acquire and operate a bio fuel plant and will be described in the Articles of Incorporation of the Company as at date of incorporation. 2.1.5 The auditors of the Company initially will be Wxxxxx Xxxxxx Auditors 2.1.6 The registered office of the Company initially will be the registered address of the Company as at date of incorporation. 2.1.7 The remaining terms of the Articles of Incorporation of the Company and the By-laws of the Company will be the Articles and Incorporation and By-laws as at date of incorporation, read simultaneously with the stipulations of this Shareholders’ Agreement. 2.1.8 ALG BIO OILS LIMITED is the 100% (one hundred percent) shareholder of ALG Western Oil (Pty) Ltd (2006/035439/07). 2.2 Within 14 (FOURTEEN) days after the date of signature of this Agreement - 2.2.1 the parties shall be obliged to procure that the Company ratifies and adopts in writing the provisions of this agreement and that the shares referred to in clauses 2.1.3 are duly allotted and issued against payment of the necessary subscription price into the name of Odyssey;
Sample 1
SHAREHOLDING IN THE COMPANY if the Issuer transfers, disposes or creates any Security Interest over (other than pursuant to the Security Documents) its direct or indirect shareholding or equity interest in the Company on or after the Issue Date without the prior written consent of the Exchangeable Bond Holder;
Sample 1
AutoNDA by SimpleDocs
SHAREHOLDING IN THE COMPANY. 2.1.1. The Parties each own the following shares in the Company: Shareholder Number of Shares Percentage Party 1 Party 2 Party 3 Total 2.1.2. The articles of association of the Company are [optional] [will be]1 in the form as attached in Annex I headed “Articles of Association”. 2.1.3. All shares in the Company will be registered Shares.
Sample 1

Related to SHAREHOLDING IN THE COMPANY

  • Bank Holding Company Borrower is not a “bank holding company” or a direct or indirect subsidiary of a “bank holding company” as defined in the Bank Holding Company Act of 1956, as amended, and Regulation Y thereunder of the Board of Governors of the Federal Reserve System.

  • Real Property Holding Corporation The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.

  • Real Property Holding Company The Company is not a real property holding company within the meaning of Section 897 of the Code.

  • Ownership of the Company At all times while this Parent Guarantee Agreement is in effect and while any of the obligations of the Parent Guarantor hereunder remain outstanding, one hundred percent (100%) of the outstanding capital stock of the Company shall be owned by the Parent Guarantor.

  • Holding Companies (a) In the case of Holdings, (i) conduct, transact or otherwise engage in any business or operations other than those incidental to its ownership of the Equity Interests of the Borrower and the performance of the Loan Documents, the ABL Loan Documents, the Second Lien Loan Documents, any Specified Refinancing Debt or any Specified Second Lien Refinancing Debt, (ii) incur any Indebtedness (other than (x) the First Lien Obligations, the ABL Obligations and the Second Lien Obligations, (y) intercompany Indebtedness incurred in lieu of Restricted Payments permitted under Section 7.06 and Indebtedness of the type described in Sections 7.03(i) through (m) (other than Section 7.03(k)(B)), 7.03(o) and 7.03(p) and (z) Guarantees of Indebtedness permitted by Section 7.03(n), (s), (t), (u) or (v)), (iii) create, incur, assume or suffer to exist any Lien on any Equity Interests of the Borrower (other than Liens pursuant to any Loan Document, any ABL Loan Document or any Second Lien Loan Document, Permitted Other Indebtedness Liens, Specified Refinancing Liens, Specified Second Lien Refinancing Liens or non-consensual Liens arising solely by operation of law); or (iv) make any Investments (other than (x) Investments in the Borrower or its Restricted Subsidiaries (including any temporary Investments to facilitate Permitted Acquisitions and other Investments permitted by Section 7.02) or (y) Investments of the type permitted by Section 7.02(a), (b), (h), (k) or (m). (b) In the case of GYP IV or GYP V, (i) conduct, transact or otherwise engage in any business or operations other than those incidental to their ownership of the Equity Interests of GYP V or the Canadian ULCs, as applicable, (ii) incur any Indebtedness (other than (y) intercompany Indebtedness incurred in lieu of Restricted Payments permitted under Section 7.06 and Indebtedness of the type described in Sections 7.03(i) through (m) (other than Section 7.03(k)(B)), 7.03(o) and 7.03(p) and (z) Guarantees of Indebtedness permitted by Section 7.03(f) (to the extent incurred by a Foreign Subsidiary), (n) (to the extent incurred by a Foreign Subsidiary) and (w)), or (iii) make any Investments (other than (x) Investments in GYP V, the Canadian ULCs or their Subsidiaries (including any temporary Investments to facilitate Permitted Acquisitions and other Investments permitted by Section 7.02), (y) Investments of the type permitted by Section 7.02(a), (b), (c), (h), (i), (k) or (m) or (z) in the case of GYP IV, that certain $390,000,000 promissory note, dated as of the Third Amendment Effective Date, between GYP IV, as lender, and GYP Canada Holdings LP, as borrower). (c) Nothing in this Section 7.14 shall prevent Holdings, GYP IV or GYP V from (i) the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to such maintenance), (ii) the performance of its obligations with respect to the Transactions, (iii) any public offering of its common stock or any other issuance or sale of its Equity Interests (other than Disqualified Equity Interests), (iv) making Restricted Payments or Dispositions (other than Dispositions of the Equity Interests of the Borrower), (v) participating in tax, accounting and other administrative matters as a member of the consolidated group of Holdings and the Borrower, (vi) holding any cash and Cash Equivalents (but not operating any property), (vii) providing indemnification to officers, managers and directors, (viii) any activities incidental to compliance with the provisions of the Securities Act of 1933, as amended and the Exchange Act of 1934, as amended, any rules and regulations promulgated thereunder, and the rules of national securities exchanges, in each case, as applicable to companies with listed equity or debt securities, as well as activities incidental to investor relations, shareholder meetings and reports to shareholders or debtholders and (ix) any activities incidental to the foregoing.

  • SUCCESSOR TO THE HOLDING COMPANY The Holding Company shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Institution or the Holding Company, expressly and unconditionally to assume and agree to perform the Holding Company's obligations under this Agreement, in the same manner and to the same extent that the Holding Company would be required to perform if no such succession or assignment had taken place.

  • Investment Company; Public Utility Holding Company Neither the Company nor any Subsidiary is an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, or a "public utility holding company" within the meaning of the Public Utility Holding Company Act of 1935, as amended.

  • Capital Stock of the Company The authorized capital stock of the COMPANY is as set forth in Section 1.4(i). All of the issued and outstanding shares of the capital stock of the COMPANY are owned by the STOCKHOLDERS and in the amounts set forth in Annex II and further, except as set forth on Schedule 5.3, are owned free and clear of all liens, security interests, pledges, charges, voting trusts, restrictions, encumbrances and claims of every kind. All of the issued and outstanding shares of the capital stock of the COMPANY have been duly authorized and validly issued, are fully paid and nonassessable, are owned of record and beneficially by the STOCKHOLDERS and further, such shares were offered, issued, sold and delivered by the COMPANY in compliance with all applicable state and federal laws concerning the issuance of securities. Further, none of such shares were issued in violation of the preemptive rights of any past or present stockholder.

  • Change in Ownership of the Company A change in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Company, except that any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the Board will not be considered a Change of Control; or

  • Winding Up of the Company (a) The Managing Member shall promptly notify the other Members of any Dissolution Event. Upon dissolution, the Company’s business shall be liquidated in an orderly manner. The Managing Member shall appoint a liquidating trustee to wind up the affairs of the Company pursuant to this Agreement. In performing its duties, the liquidating trustee is authorized to sell, distribute, exchange or otherwise dispose of the assets of the Company in accordance with the Delaware Act and in any reasonable manner that the liquidating trustee shall determine to be in the best interest of the Members. (b) The proceeds of the liquidation of the Company shall be distributed in the following order and priority: (i) first, to the creditors (including any Members or their respective Affiliates that are creditors) of the Company in satisfaction of all of the Company’s liabilities (whether by payment or by making reasonable provision for payment thereof, including the setting up of any reserves which are, in the judgment of the liquidating trustee, reasonably necessary therefor); and (ii) second, to the Members in the same manner as distributions under Section 5.03(b).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!