Examples of Subscription Securities in a sentence
It is clarified that, if for some unavoidable reason, the events contemplated under Clause 4 (Closing) occur on different dates, the date on which Xxxxx pays the Subscription Amount and is allotted their Subscription Securities, shall be deemed to be the Closing Date for the purpose of this Agreement.
Except as set forth in the Transaction Documents, the Subscription Securities shall be fully paid-up and shall at all times rank pari-passu with all comparable outstanding, issued and paid-up Equity Shares in relation to all stock activities including voting rights, rights issuance, bonus issues, dividends or any corporate actions.
The Promoters hereby agree to the allotment and issuance of the Subscription Securities on the terms and conditions set out in this Agreement and waive any and all pre-emptive rights that each may have with respect to the issue and allotment of the Subscription Securities, whether conferred by the Articles, by contract or otherwise.
The Company should have completed all corporate procedures required under Applicable Law to permit it to offer, issue and allot the Subscription Securities to Zinka.
The Company shall, and the Promoters shall procure that the Company shall, issue and allot the Subscription Securities free from and clear of all liens, charges, Encumbrances and other adverse interests, together with all rights, privileges and preferences now or hereafter attaching thereto except those contained in the Shareholders’ Agreement and Articles, if any.