Common use of Alteration of Authorized Share Structure Clause in Contracts

Alteration of Authorized Share Structure. Subject to Section 9.2, the special rights or restrictions attached to the shares of any class or series of shares and the BCA, the Company may: (1) by ordinary resolution; (a) create one or more classes or series of shares or, if none of the shares of a class or series of shares are allotted or issued, eliminate that class or series of shares; (b) increase, reduce or eliminate the maximum number of shares that the Company is authorized to issue out of any class or series of shares or establish a maximum number of shares that the Company is authorized to issue out of any class or series of shares for which no maximum is established; (c) subdivide or consolidate all or any of its unissued, or fully paid issued, shares; (d) if the Company is authorized to issue shares of a class of shares with par value:

Alteration of Authorized Share Structure. Subject to Section 9.2, the special rights or restrictions attached to the shares of any class or series of shares Article 9.2 and the BCABusiness Corporations Act, the Company may: (1) by directors’ resolution or by ordinary resolution;, in each case determined by the directors: (a) create one or more classes or series of shares or, if none of the shares of a class or series of shares are allotted or issued, eliminate that class or series of shares; (b) increase, reduce or eliminate the maximum number of shares that the Company is authorized to issue out of any class or series of shares or establish a maximum number of shares that the Company is authorized to issue out of any class or series of shares for which no maximum is established; (c) subdivide or consolidate all or any of its unissued, or fully paid issued, shares; (d) if the Company is authorized to issue shares of a class of shares with par value: