Common use of Shares for Cash Clause in Contracts

Shares for Cash. In the case of an issue, grant or offer of Shares for cash: (i) the Aggregate Consideration shall be the amount of such cash, provided that in no such case shall any deduction be made for any commissions or any expenses paid or incurred by the Issuer for any underwriting of the issue or otherwise in connection therewith; and (ii) the Number of Shares shall be the number of Shares so issued, granted or offered.

Appears in 3 contracts

Sources: Subscription Agreement, Trust Deed (BMB Munai Inc), Trust Deed (Bema Gold Corp /Can/)

Shares for Cash. In the case of an issue, grant or offer of Shares for cash: (i) the Aggregate Consideration shall be the amount of such cash, ; provided that in no such case shall any deduction be made for any commissions or any expenses paid or incurred by the Issuer for any underwriting of the issue or otherwise in connection therewith; and (ii) the Number of Shares shall be the number of Shares so issued, granted or offered.

Appears in 1 contract

Sources: Indenture (BMB Munai Inc)

Shares for Cash. In the case of an issue, grant or offer of Shares for cash: (i) the Aggregate Consideration shall be the amount of such cash; provided, provided that in no such case shall any deduction be made for any commissions or any expenses paid or incurred by the Issuer for any underwriting of the issue or otherwise in connection therewith; and (ii) the Number of Shares shall be the number of Shares so issued, granted or offered.

Appears in 1 contract

Sources: Indenture (BMB Munai Inc)