Loss of the SIIC status Sample Clauses

Loss of the SIIC status a. Cases in which the Issuer can lose its SIIC status - Non-compliance with the conditions provided in paragraph 1, I of article 208-C of the French Code Général des Impôts (minimum share capital, listing, corporate purpose). - The case in which more than 60 % of the Issuer’s share capital or voting rights are owned by one or more shareholders (other than listed SIIC companies) acting solely or jointly (provided this situation has not been rectified prior to the date of filing of the annual accounts with regard to the financial year during which the 60% limit was exceeded). - In case more than 60 % of the Issuer’s share capital or voting rights are owned by one or more shareholders (other than listed SIIC companies) acting solely or jointly and this situation has been 4 The shareholders of the Issuer who own more than 10 per cent (Belfius Insurance NV/SA, Banimmo and Federale Assurance) are subject to a “similar” tax; thus the Issuer does not fall under this rule. rectified prior to the date of filing of the annual accounts with regard to the financial year during which the 60% limit was exceeded, every new breach within 10 years after the Issuer has elected for the SIIC regime and during the 10 following years, will lead to the permanent loss of the SIIC status (except in case of a public takeover bid or a public trade-in bid, a restructuring or conversion or reimbursement of a bond).
Sample 1
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Loss of the SIIC status a. Cases in which the Issuer can lose its SIIC status - Non-compliance with the conditions provided in paragraph 1, I of article 208-C of the French Code Général des Impôts (minimum share capital, listing, corporate purpose). - The case in which more than 60 % of the Issuer’s share capital or voting rights are owned by one or more shareholders (other than listed SIIC companies) acting solely or jointly (provided this situation has not been rectified prior to the date of filing of the annual accounts with regard to the financial year during which the 60% limit was exceeded).
Sample 1

Related to Loss of the SIIC status

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  • RIGHTS OF THE CORPORATION AND COVENANTS 33 Section 5.1 Optional Purchases by the Corporation 33 Section 5.2 General Covenants. 33 Section 5.3 Warrant Agent’s Remuneration and Expenses. 34 Section 5.4 Performance of Covenants by Warrant Agent 35 Section 5.5 Enforceability of Warrants. 35 ARTICLE 6 ENFORCEMENT 35

  • Rights of the Parties Nothing expressed or implied in this Agreement is intended or will be construed to confer upon or give any Person other than the parties hereto any rights or remedies under or by reason of this Agreement or any transaction contemplated hereby.

  • TERMINATION OF THE MOU Either Party may terminate this MOU through written notice to the other party given not later than the last calendar day in December and to be effective for the ensuing academic fall semester. In the event of termination, the School District, School and College will prepare an agreeable plan of dissolution in accordance with all Applicable Laws to be submitted and approved by the authorized representatives from both Parties as listed herein.

  • Obligations of the Service Provider 3.1. The Service Provider undertakes to provide the services as set out online within the dedicated Hoople Schools portal to this Agreement (the ‘Services’), in consideration of the payment as set out in the dedicated Hoople Schools portal. The Service Provider has undertaken Payment calculation based on the following terms:

  • Responsibilities of the School The School will:

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