Common use of Share Subscription Clause in Contracts

Share Subscription. 2.1 The Issuer shall allot and issue the Subscription Shares, and the Subscribers, relying on the Warranties, shall subscribe for the Subscription Shares free from all claims, charges, liens, security interests, encumbrances and options of any kind whatsoever but together with all rights attached, accrued or accruing thereto and together with all dividends and distributions declared made or paid or agreed to be made or paid thereon or in respect thereof on or after the Closing Date. 2.2 The Subscription Shares shall rank pari passu in all respects with the shares in the capital of the Issuer in issue at the date of allotment.