Incredimail 2012 Annual Report Download - page 136

15.
Calls on Shares
15.1.
The Board may, from time to time, as in its discretion it deems fit, make calls for payment upon Shareholders in respect of
any sum which has not been paid up in respect of shares held by such Shareholders and that is not, pursuant to the terms of
allotment or issue of such shares or otherwise, payable at a fixed time. Each Shareholder shall pay the amount of every call
so made upon him (and of each installment thereof if the same is payable in installments), to the person(s) and at the time(s)
and place(s) designated by the Board. Unless otherwise stipulated in the resolution of the Board (and in the notice referred to
below), each payment in response to a call shall be deemed to constitute a pro rata payment on account of all the shares in
respect of which such call was made.
15.2.
Notice of any call for payment by a Shareholder shall be given in writing to such Shareholder not less than 14 days prior to
the time of payment fixed in such notice, and shall specify the time and place of payment, and the person to whom such
payment is to be made. Prior to the time for any such payment fixed in a notice of a call given to a Shareholder, the Board
may in its discretion, by notice in writing to such Shareholder, revoke such call in whole or in part, extend the time fixed for
payment thereof, or designate a different place of payment or person to whom payment is to be made. In the event of a call
payable in installments, only one notice thereof need be given.
15.3.
If, pursuant to the terms of allotment or issue of a share or otherwise, an amount is made payable at a fixed time (whether on
account of such share or by way of premium), such amount shall be payable at such time as if it were payable by virtue of a
call made by the Board and for which notice was given in accordance with this Article
15, and the provisions of these
Articles with regard to calls (and the non-payment thereof) shall be applicable to such amount (and the non-
payment
thereof).
15.4.
Joint holders of a share shall be jointly and severally liable to pay all calls for payment in respect of such share and all
interest payable thereon.
15.5.
Any amount called for payment that is not paid when due shall bear interest from the date fixed for payment until actual
payment thereof, at such rate and payable at such time(s) as the Board may prescribe.
15.6.
The Board may provide for differences among the allottees of such shares as to the amounts and times for payment of calls
for payment in respect of such shares.
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