Stated Capital Clause Samples
The Stated Capital clause defines the total amount of capital that a corporation has received from shareholders in exchange for shares, as recorded in its financial statements. This clause typically specifies how the stated capital is calculated, such as including the par value of issued shares and any additional paid-in capital, and may outline how changes to stated capital are handled. Its core practical function is to provide clarity and transparency regarding the corporation’s equity structure, which is important for legal compliance, creditor protection, and shareholder understanding.
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Stated Capital. The stated capital of Amalco, immediately after the amalgamation becomes effective shall be equal to the aggregate stated capital of each of the Amalgamating Corporations.
Stated Capital. The aggregate stated capital of Amalco will be an amount equal to the paid up capital for the purposes of the Tax Act of the common shares in the capital of Purchaser immediately before the amalgamation;
Stated Capital. The aggregate of the stated capital of the issued and outstanding shares of Amalco shall be equal to the aggregate of the stated capital of the issued and outstanding shares of Acquiror Sub 3 and Company immediately prior to their amalgamation. For greater certainty, (i) the stated capital of the Amalco Common Shares shall be equal to the stated capital of the common shares of Acquiror Sub 3, (ii) the stated capital of the Amalco Convertible Preferred Shares shall be equal to the stated capital of the Company Preferred Shares and (iii) the stated capital of the Amalco Redeemable Preferred Shares shall be equal to the stated capital of the Company Common Shares.
Stated Capital. The stated capital account in the records of ▇▇▇▇▇▇ for the Amalco Shares will be equal to the stated capital attributed to the Light AI Shares, ▇▇▇▇▇ Shares and the Subco Shares, determined immediately before the Amalgamation.
Stated Capital. The amount to be represented in stated capital at all times --------------- for each share of Convertible and redeemable Preferred Stock shall be $0.001
Stated Capital. The Purchaser will add to its stated capital account maintained for its common shares an amount up to but not exceeding:
(a) for Purchaser Shares issued as part of the Consideration for Elected Property, the aggregate agreed amounts in the election, less the amount of any consideration allocated to such Elected Property other than Purchaser Shares; and
(b) for all other Purchaser Shares issued by the Purchaser pursuant hereto, the fair market value of the assets for which such Purchaser Shares are issued.
Stated Capital. The stated capital in respect of the Amalco Shares will be equal to the aggregate stated capital of the Newco Shares and the Braingrid Shares immediately prior to the Amalgamation.
Stated Capital. Upon the Amalgamation, Amalco shall add to the stated capital account maintained in respect of the Amalco Shares an amount equal to the aggregate paid up capital for purposes of the Tax Act of the Genterra Shares immediately before the Effective Time plus the aggregate paid up capital for purposes of the Tax Act of the CMI Shares immediately before the Effective Time.
Stated Capital. The stated capital account in the records of Amalco for the Amalco Shares shall be equal to the paid-up capital (within the meaning of the Income Tax Act (Canada)) attributed to the MichiCann Shares and the Subco Shares, determined immediately before the Amalgamation. An amount equal to the paid-up capital (within the meaning of the Income Tax Act (Canada)) attributed to the MichiCann Shares shall be added to the stated capital account maintained by Tidal for the Tidal Shares.
Stated Capital. The stated capital account maintained for the common shares of Mergerco will be equal to the aggregate of the paid-up capital, for purposes of the Tax Act, of the Purchaser Subco shares held by the Purchaser and the Company Shares, immediately prior to the Merger.