Authorized Share Structure Clause Samples
The Authorized Share Structure clause defines the total number and types of shares a corporation is legally permitted to issue. It typically specifies the classes of shares, such as common and preferred, and may outline the rights, privileges, and restrictions associated with each class. By clearly establishing the maximum share capital and the characteristics of each share type, this clause ensures transparency for shareholders and helps prevent unauthorized issuance of shares, thereby protecting the interests of all stakeholders.
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Authorized Share Structure. Amalco shall be authorized to issue an unlimited number of shares without nominal or par value designated as voting, non-cumulative class A shares (hereinafter referred to as the “Class A Shares”); and unlimited number of shares without nominal or par value designated as non-voting, non-cumulative class B shares (hereinafter referred to as the “Class B Shares”); and an unlimited number of shares without nominal or par value designated as Class C shares, issuable in series (hereinafter referred to as “Class C Shares”).
Authorized Share Structure. Amalco shall be authorized to issue an unlimited number of common shares without nominal or par value.
Authorized Share Structure. The authorized Share structure of the Co-op is set out in the Memorandum.
Authorized Share Structure. The authorized share structure of the Company consists of shares of the class or classes and series, if any, described in the Notice of Articles of the Company.
Authorized Share Structure. The authorized share structure of Amalco shall consist of an unlimited number of Amalco Shares, which shares shall have the rights, privileges, restrictions and conditions as set out in the BCBCA.
Authorized Share Structure. As of the date of this Agreement, the authorized share structure of Cicero consists of (i) 150,000,000 shares of common stock with a par value of $0.00001, of which 34,040,000 are issued and outstanding as of the date hereof, and (ii) 20,000,000 shares of preferred stock with a par value of $0.00001, none of which are issued and outstanding as of the date hereof. Cicero has no other options, warrants or other rights, agreements or commitments of any character whatsoever convertible into, or exchangeable or exercisable for or otherwise requiring the issuance, sale or transfer by Cicero of any shares of Cicero or any securities convertible into, or exchangeable or exercisable for, or otherwise evidencing a right to acquire any shares of Cicero. All outstanding shares of Cicero have been duly authorized and are validly issued as fully paid and non-assessable. Cicero shall have no more than 7,500,000 post-split shares of common stock issued and outstanding as of the Closing.
Authorized Share Structure. F EXHIBIT B ARTICLES OF AMALCO ▇▇▇▇▇ ▇▇▇▇▇▇▇
Authorized Share Structure. The authorized share structure of the Amalgamated Company consists of an unlimited number of Common shares without par value.
Authorized Share Structure. The authorized share structure of the Company is an unlimited number of common shares (the “Common Shares”), without nominal or par value, having attached thereto the rights, privileges, restrictions and conditions as set forth below:
(a) The holders of the Common Shares shall be entitled to receive notice of and to vote at every meeting of the shareholders of the Company and shall have one vote thereat for each Common Share so held;
(b) The Board of Directors may from time-to-time declare a dividend, and the Company shall pay thereon out of the monies of the Company properly applicable to the payment of the dividends to the holders of Common Shares. For the purpose hereof, the holders of Common Shares receive dividends as shall be determined from time-to-time by the Board of Directors whose determination shall be conclusive and binding upon the Company and the holders of Common Shares; and
(c) In the event of liquidation, dissolution or winding-up of the Company or upon any distribution of the assets of the Company among shareholders being made (other than by way of dividend out of the monies properly applicable to the payment of dividends) the holders of Common Shares shall be entitled to share equally.
Authorized Share Structure. F EXHIBIT B ARTICLES OF AMALCO INFLUENCERS HOLDINGS 1 LTD. ▇▇▇▇▇ ▇▇▇▇▇▇▇