Common use of Xxxxxxxxxx, Xxxxxxxxxx and Surrender of Shares Clause in Contracts

Xxxxxxxxxx, Xxxxxxxxxx and Surrender of Shares. 12.1 Subject to the provisions of the Statute the Company may issue Shares that are to be redeemed or are liable to be redeemed at the option of the Member or the Company. The redemption of such Shares shall be effected in such manner and upon such other terms as the Company may, by Special Resolution, determine before the issue of the Shares. 12.2 Subject to the provisions of the Statute, the Company may purchase its own Shares (including any redeemable Shares) in such manner and on such other terms as the Directors may agree with the relevant Member. 12.3 The Company may make a payment in respect of the redemption or purchase of its own Shares in any manner permitted by the Statute, including out of capital. 12.4 The Directors may accept the surrender for no consideration of any fully paid Share.

Xxxxxxxxxx, Xxxxxxxxxx and Surrender of Shares. 12.1 10.1 Subject to the provisions of the Statute the Company may issue Shares that are to be redeemed or are liable to be redeemed at the option of the Member or the Company. The redemption of such Shares shall be effected in such manner and upon such other terms as the Company may, by Special Resolution, determine before the issue of the Shares. 12.2 10.2 Subject to the provisions of the Statute, the Company may purchase its own Shares (including any redeemable Shares) in such manner and on such other terms as the Directors may agree with the relevant Member. 12.3 10.3 The Company may make a payment in respect of the redemption or purchase of its own Shares in any manner permitted by the Statute, including out of capital. 12.4 10.4 The Directors may accept the surrender for no consideration of any fully paid Share.

Xxxxxxxxxx, Xxxxxxxxxx and Surrender of Shares. 12.1 10.1 Subject to the provisions of the Statute Statute, the Company may issue Shares that are to be redeemed or are liable to be redeemed at the option of the Member or the Company. The redemption of such Shares shall be effected in such manner and upon such other terms as the Company may, by Special Resolution, determine before the issue of the Shares. 12.2 10.2 Subject to the provisions of the Statute, the Company may purchase its own Shares (including any redeemable Shares) in such manner and on such other terms as the Directors may agree with the relevant Member. 12.3 10.3 The Company may make a payment in respect of the redemption or purchase of its own Shares in any manner permitted by the Statute, including out of capital. 12.4 10.4 The Directors may accept the surrender for no consideration of any fully paid Share.