Authorized and Issued Capital definition

Authorized and Issued Capital. The authorized capital of the Purchaser consists of an unlimited number of Common Shares, of which 32,067,104 Common Shares are currently issued and outstanding. All of the issued and outstanding Common Shares are fully paid and non-assessable and have been duly and validly authorized and issued, in compliance with applicable laws and not in violation of or subject to any pre-emptive or similar right that entitles any person to acquire from the Purchaser any Common Shares or other security of the Purchaser or any Convertible Securities. The Purchaser is not a party or subject to any agreement or understanding and, to the knowledge of the Purchaser, there is no agreement between any shareholders or officers or directors of the Purchaser that affects or relates to the voting or giving of written consents with respect to any of the Common Shares. Other than the Common Shares referred to in this section and 400,000 warrants exercisable at a price of $0.10 each until April 26, 2021, the Purchaser does not have any other securities issued and outstanding, including Convertible Securities.”
Sample 1

Examples of Authorized and Issued Capital in a sentence

  • Authorized and Issued Capital - The authorized capital of the Purchaser consists of and will on Closing Date consist of 100,000,000 common shares each with a par value of $0.001 and 25,000,000 preferred shares each with a par value of $0.001, of which only 15,520,268 common shares and no preferred shares are outstanding on April 12, 2000, as set out in Schedule 6.1 (p) all of which issued common shares are fully paid and non-assessable.

  • This section summarizes the forecast results for each Customer Segment model for Northern’s Maine Division, including the buildup of customer demand by segment and ultimately total demand for the Maine Division.

  • Authorized and Issued Capital is shown giving the number of shares and their amount.

  • Schedule 5.4(a) - Authorized and Issued Capital Stock As of June 11, 2007 Capital Stock 25,000,000 9,837,224 15,162,776 MedicalCV, Inc.

  • Authorized and Issued Capital The authorized share capital of the Corporation consists of an unlimited number of Common Shares.

  • CABLES NOT CARRYING ONE OF THESE DESIGNATIONS MUST BE ROUTED IN ENCLOSED RACEWAYS.

  • ON SKIN CONTACT: Wash thoroughly exposed skin with soap and water.

  • Representations and Warranties by SoftQuad..................22 (1) Corporate Authority and Binding Obligation.........22 (2) Status of UK.......................................22 (3) Authorized and Issued Capital of UK................23 (4) No Other Purchase Agreements.......................23 3.03.

  • Authorized and Issued Capital The authorized share capital of the Corporation consists of an unlimited number of common shares in the capital of the Corporation (the “Common Shares”).

Related to Authorized and Issued Capital

  • Authorized Amount means $ , the maximum principal amount of the Funding Loan under this Funding Loan Agreement.

  • Authorized agency means any duly constituted criminal investigative department or agency of the United States or of this State; the Department of Insurance; the Department of Revenue; the Department of Public Safety; the Workers' Compensation Commission; the State Accident Fund; the Second Injury Fund; the Employment Security Commission; the Department of Consumer Affairs; the Human Affairs Commission; the Department of Health and Environmental Control; the Department of Social Services; the Department of Health and Human Services; the Department of Labor, Licensing and Regulation; all other state boards, commissions, and agencies; the Office of the Attorney General of South Carolina; or the prosecuting attorney of any judicial circuit, county, municipality, or political subdivision of this State or of the United States, and their respective employees or personnel acting in their official capacity.

  • Authorized account means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.

  • Authorized Address means (1) any Officially Designated address to which redemption proceeds may be sent, (2) any address designated in writing (not to include Electronic Transmission) by the Shareholder of Record and received by the Insured at least one (1) day prior to the effective date of such designation, or (3) any address designated by voice over the telephone or by Electronic Transmission by the Shareholder of Record at least 15 days prior to the effective date of such designation.

  • Authorized Signatory means such senior personnel of a Person as may be duly authorized and designated in writing by such Person to execute documents, agreements and instruments on behalf of such Person.

  • Authorized Agent means an agent who is legally authorized to bind the Seller under the law of the State in which the Seller is legally organized. An Authorized Agent must sign all documents in the Bid Packet on behalf of the Seller. Under Oklahoma law, the Authorized Agent for each of the following types of entities is as stated below:

  • Authorized By means the same as "authorization" as defined in § 24.2-945.1.

  • Original part number means a combination of numbers or letters assigned by the enterprise at item creation to a class of items with the same form, fit, function, and interface.

  • Private Capital means, if the Issuer is Matching Private Investment Supported (as defined in the Definitive Agreement), the equity capital received by the Issuer or the applicable Affiliate of the Issuer from one or more non-governmental investors in accordance with Section 1.3(m) of the Definitive Agreement.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Authorized Contact is a representative authorized by Customer to request service changes using procedure outlined herein.

  • Authorized Control Level RBC means the number determined under the risk-based capital formula in accordance with the RBC instructions;

  • Authorized entity means a nonprofit organization or a governmental agency that has a primary mission to provide specialized services relating to training, education, or adaptive reading or information access needs of blind or other persons with disabilities;

  • Authorized Signature means the signature of an individual authorized to receive funds on behalf of an applicant and responsible for the execution of the applicant’s project.

  • Authorized Issuer Representative means any person at the time designated to act on behalf of the Issuer by a written certificate furnished to the Company and the Trustee containing the specimen signature of such person and signed on behalf of the Issuer by its Chairman. Such certificate may designate an alternate or alternates.

  • Authorized Driver means (A) the renter, (B) the renter’s

  • Operating Company Number (OCN means the numeric Company Code assigned by NECA identifying CLEC as a Resale or UNE provider.

  • Name of Institution Anchorage Capital CLO 8, Ltd., as a Rollover Lender By: Anchorage Capital Group, L.L.C., its Collateral Manager By: /s/ Xxxxxxx Xxxxxxxxx Name: Xxxxxxx Xxxxxxxxx Title: Authorized Signatory If a second signature is necessary: By: Name: Title: By executing a counterpart to this Agreement as a Rollover Lender, the undersigned institution agrees to have all of its outstanding Existing Term Loans converted into a like principal amount of New Term Loans effective as of the Amendment No. 4 Effective Date, in each case in accordance with the terms and conditions set forth herein and in the Credit Agreement. Each Rollover Lender that submits an executed counterpart to this Agreement acknowledges and agrees that in the absence of a change to the terms and conditions of this Agreement that is (x) materially adverse to the New Term Lenders, taken as a whole, in their capacity as such and (y) made after the submission of such executed counterpart, such submission is irrevocable. Name of Institution: Anchorage Capital CLO 9, Ltd., as a Rollover Lender By: Anchorage Capital Group, L.L.C., its Collateral Manager By: /s/ Xxxxxxx Xxxxxxxxx Name: Xxxxxxx Xxxxxxxxx Title: Authorized Signatory If a second signature is necessary: By: Name: Title: By executing a counterpart to this Agreement as a Rollover Lender, the undersigned institution agrees to have all of its outstanding Existing Term Loans converted into a like principal amount of New Term Loans effective as of the Amendment No. 4 Effective Date, in each case in accordance with the terms and conditions set forth herein and in the Credit Agreement. Each Rollover Lender that submits an executed counterpart to this Agreement acknowledges and agrees that in the absence of a change to the terms and conditions of this Agreement that is (x) materially adverse to the New Term Lenders, taken as a whole, in their capacity as such and (y) made after the submission of such executed counterpart, such submission is irrevocable.

  • Common name means any designation or identification such as code name, code number, trade name, brand name or generic name used to identify a chemical other than by its chemical name.

  • Authorized Signer is any individual listed in Borrower’s Borrowing Resolution who is authorized to execute the Loan Documents, including making (and executing if applicable) any Credit Extension request, on behalf of Borrower.

  • Class Member Address Search means the Administrator’s investigation and search for current Class Member mailing addresses using all reasonably available sources, methods and means including, but not limited to, the National Change of Address database, skip traces, and direct contact by the Administrator with Class Members.

  • Issued By Xxxxxxx X. Drom Effective: November 10, 2000 Vice President, General Counsel Issued On: November 9, 2000 PJM Interconnection, L.L.C. Original Sheet No. 138 First Revised Rate Schedule FERC No. 24

  • Criminal street gang means any ongoing organization,

  • Company Name Address: Attention: Tel: Fax: Email: For all correspondence except payments Center for Technology Licensing at Cornell University Attention: Executive Director 000 Xxxx Xxxx Xxxx, Xxxxx 000 Xxxxxx, XX 00000 FAX: 000-000-0000 TEL: 000-000-0000 EMAIL: xxx-xxxxxxxxx@xxxxxxx.xxx Center for Technology Licensing at Cornell University XX Xxx 0000 Xxxxxx, XX 00000-0000 Receiving bank name: Xxxxxxxx Trust Co. Bank account no.: 0111000065 Bank routing (ABA) no.: 000000000 SWIFT code: Bank account name: XXXXXX00 Cornell University Bank ACH format code: Not required Bank address: X.X. 000, Xxxxxx, XX 00000 Additional information: Reference D-4677 Agreement No.: <to be assigned> An email copy of the transaction receipt shall be sent to xxx-xxxxxxxxx@xxxxxxx.xxx. Licensee is responsible for all bank charges of wire transfer of funds for payments. The bank charges shall not be deducted from the total amount due to Cornell.

  • authorized authority means, in relation to any Person, transaction or event, any (a) federal, provincial, municipal or local governmental body (whether administrative, legislative, executive or otherwise), both domestic and foreign, (b) agency, authority, commission, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, (c) court, arbitrator, commission or body exercising judicial, quasi-judicial, administrative or similar functions, and (d) other body or entity created under the authority of or otherwise subject to the jurisdiction of any of the foregoing, including any stock or other securities exchange, in each case having jurisdiction over such Person, transaction or event.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);