Israeli Companies Law definition
Examples of Israeli Companies Law in a sentence
The Company is not a “breaching company” (within the meaning of Section 362A of the Israeli Companies Law), nor has it received any written notice or warning from the Registrar regarding the intention thereof to declare the Company as such.
All corporate approvals on the part of the Company, including, to the extent applicable, under Chapter 5 of Part VI of the Israeli Companies Law, 5759- 1999, as amended, and the regulations promulgated thereunder (the “Companies Law”), for the offer, issuance and sale of the Ordinary Shares and the other transactions contemplated hereby have been obtained.
The applicable Seller hereby waives and agrees not to exercise any rights, including any notice rights, rights of first refusal, rights of consent or rights of co-sale that it has pursuant to the Charter Documents or under the Israeli Companies Law that would be applicable to the Transactions.
All of the outstanding shares of the Company are duly authorized, validly issued, fully paid and nonassessable, have been issued in compliance with the Israeli Companies Law, 5759-1999 (the “Companies Law”), the Israeli Securities Law, 5728-1968, as amended, and the regulations promulgated thereunder, and all federal and state securities laws, and none of such outstanding shares was issued in violation of any preemptive rights or similar rights to subscribe for or purchase securities.
The Company is not currently designated as a “breaching company” (within the meaning of the Israeli Companies Law, 5759-1999, as amended (the “Companies Law”)) by the Registrar of the Companies of the State of Israel and there is no basis for such designation.