Subject always to Clause Clause Samples

Subject always to Clause. 4.2 and save and except for an issue of Shares pursuant to the listing of the Company on any recognised stock exchange and/or any duly approved executive/employee share option scheme or incentive scheme, each of the Shareholders shall exercise its voting rights for the time being in the Company and take such steps as for the time being lies within its powers to procure that: (i) the issue of any new Shares from time to time created shall, before issuance, be offered for subscription in the first instance to the Shareholders in proportion as nearly as practicable to their respective Shareholding Percentages. If any Shareholder does not exercise its entitlement to subscribe for some or all of the new Shares offered to it, the other Shareholder(s) shall be entitled to subscribe for such new Shares in proportion as nearly as practicable to their respective Shareholding Percentages (if applicable); and (ii) save in the case where the issue of any new Shares includes the issue of new Shares to persons which are not Shareholders, the issue of any new Shares from time to time to the Shareholders shall be at a price per Share of: (a) where there has been no Transaction from the date of this Agreement, PHP100; or (b) in any other case, the price per Share in the most recently completed Transaction.
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  • Final Clauses This Agreement will enter into force upon signature by both Parties and shall remain in force until completion of all obligations of the Parties under this Agreement.

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