authorized amount
1.The conclusion conditioned on "breakeven" point is that the risk premium of the interest rate in a credit loan is not related to the maximum authorized amount and the drawdown amount under some conditions, but is only rested with credit rank and loan term of a borrower, as well as the interest rate of default-free bond.
3.When withdrawing any amount of money, the cheque shall be counter-signed by the authorized standing committee members to make it valid.
4.Without prejudice to other authorities granted to you hereof, you are authorized to apply at any time, without prior notice to me/us, any credit balances (including amount payable to me/us arising from the sale Transaction) in any currencies to which I/we am/are at any time beneficially entitled on this Account and any accounts opened with you to set-off against any liabilities owed to you (including amount receivable from me/us arising from the purchase Transaction); and dispose of securities held for me/us for the purpose of settling any of the amounts payable by me/us to you.
5.Upon the issue by the Company of a share without par value ,if an amount is stated in the Memorandum to be authorized capital represented by such shares then each share shall be issued for no less than the appropriate proportion of such amount which shall constitue capital , otherwise the consideration in respect of the share constitutes capital to the extent designated by the directors and the excess constitutes surplus , except that the directors must designate as capital an amount of the consideration that is at least equal to the amount that the share is entitled to as preference , if any , in the assests of the Company upon liquidation of the Company.
6.e.g. The company is allowed to issue a total amount of shares known as the authorized share capital or nominal capital. However, the issued capital may be less than that.
7.The basic pay or wages for a calendar month of service for an able seafarer should be no less than the amount periodically set by the Joint Maritime Commission or another body authorized by the Governing Body of the International Labour Office.
8.Note: If the company is to change the total amount of the registered capital due to increase or reduction of the registered capital of the Company, it may, after the general meeting has passed a resolution on consent of the increase or reduction of its registered capital, pass on a resolution on the matters regarding the modification of the Articles of Association, and state that the board of directors are authorized to handle the formalities for change of the registered capital.
