Charter Capital definition
Examples of Charter Capital in a sentence
The Members’ Council’s meetings shall be held and convened by the decision of the Chairman of the Members’ Council according to the need or upon the request of any Member or Group Member owned more than 25% of the Charter Capital.
Each Certificate of Paid-in Capital shall state, inter alia, the name of the owner of the Charter Capital, the amount of the Charter Capital issued, the percentage of ownership of the Charter Capital thereby represented and the amount of contribution to the Charter Capital paid up thereon.
Any increase in the Charter Capital must be subject to the approval of the Members’ Council, and shall be registered with the Licensing Authority.
The Company may return part of the contributed capital to the Parties in proportion to their respective shares of contributed capital in the Charter Capital of the Company if the business operation of the Company has been carried out continuously for more than two (02) years from the date of the Investment Certificate, and at the same time ensuring that debts and other property obligations may be paid in full after returning contributed capital to the Parties.
The XYZ Party shall contribute VND ______________ equivalent to US$____________ in cash which is equal to ______ (____%) of the Charter Capital.