Glossary entry (derived from question below)
English term or phrase:
less any subscription monies
English answer:
subtracting any (and all) money placed/put up by current B Ordinary ...
Added to glossary by
moodi solomon
Nov 10, 2014 21:54
9 yrs ago
2 viewers *
English term
Moodi Solomon
less any subscription monies
English
Bus/Financial
Business/Commerce (general)
shareholders agreement
such number of B Ordinary Shares as are required, less any subscription monies received by the Company for B Ordinary Shares made by any other B Ordinary Shareholder, to fund the commitment of the Company as A Limited Partner pursuant to the Limited Partnership Agreement to enable the acquisition of the Property by PropCo
Responses
+3
16 mins
David Hollywood
Native in English
&
English
Specializes in field
worked for int. orgs (IMF, OAS, IDB)
Native in: English
Works in: Spanish to English, German to English
Related KudoZ points
:
56
Selected
subtracting any (and all) money placed/put up by current B Ordinary ...
shareholders for the purchase of more shares
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Note added at 17 mins (2014-11-10 22:11:44 GMT)
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referring to "B Ordinary shares" of course
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Note added at 19 mins (2014-11-10 22:14:10 GMT)
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in other words, if a shareholder who already has B shares puts up money to buy more B shares, this money/amoung is not included in the calculation
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Note added at 26 mins (2014-11-10 22:20:58 GMT)
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note that the shareholders haven't bought the new shares yet ... they're simply stating their intention to buy them ...
Subscription refers to the process of investors signing up and committing to invest in a financial instrument, before the actual closing of the purchase. The term comes from the Latin word subscribere.
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Note added at 27 mins (2014-11-10 22:22:05 GMT)
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and of course it should read "amount" and not "amoung"
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Note added at 53 mins (2014-11-10 22:48:08 GMT)
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here's the situation: the company needs funds; they can get them by issuing shares; there are already people who have bought B shares and are thus B shareholders; any NEW money these people who already have B shares commit to the possible purchase of more B shares has to be subtracted from the total amount of any NEW money the company gets from other sources
--------------------------------------------------
Note added at 17 mins (2014-11-10 22:11:44 GMT)
--------------------------------------------------
referring to "B Ordinary shares" of course
--------------------------------------------------
Note added at 19 mins (2014-11-10 22:14:10 GMT)
--------------------------------------------------
in other words, if a shareholder who already has B shares puts up money to buy more B shares, this money/amoung is not included in the calculation
--------------------------------------------------
Note added at 26 mins (2014-11-10 22:20:58 GMT)
--------------------------------------------------
note that the shareholders haven't bought the new shares yet ... they're simply stating their intention to buy them ...
Subscription refers to the process of investors signing up and committing to invest in a financial instrument, before the actual closing of the purchase. The term comes from the Latin word subscribere.
--------------------------------------------------
Note added at 27 mins (2014-11-10 22:22:05 GMT)
--------------------------------------------------
and of course it should read "amount" and not "amoung"
--------------------------------------------------
Note added at 53 mins (2014-11-10 22:48:08 GMT)
--------------------------------------------------
here's the situation: the company needs funds; they can get them by issuing shares; there are already people who have bought B shares and are thus B shareholders; any NEW money these people who already have B shares commit to the possible purchase of more B shares has to be subtracted from the total amount of any NEW money the company gets from other sources
4 KudoZ points awarded for this answer.
Comment: "thank you"
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