Waiver Application. The plan administrator of any Plan applies under Section 412(d) of the Code for a waiver of the minimum funding standards of Section 412(a) of the Internal Revenue Code and the Administrative Agent reasonably believes that the substantial business hardship upon which the application for the waiver is based could subject either the Borrower or any ERISA Affiliate to liability in excess of $500,000.
Waiver Application. The plan administrator of any Benefit Plan for which the Borrower or an ERISA Affiliate is an "employer" as defined in Section 3(5) of ERISA applies under Section 412(d) of the Internal Revenue Code for a waiver of the minimum funding standards of Section 412(a) of the Internal Revenue Code and the substantial business hardship upon which the application for the waiver is based could reasonably subject the Borrower or any ERISA Affiliate to liability in excess of $1,000,000.
Waiver Application. The plan administrator of any Benefit Plan applies under Section 412(d) of the Code for a waiver of the minimum funding standards of Section 412(a) of the 122 Internal Revenue Code and the Agent believes that the substantial business hardship upon which the application for the waiver is based could subject either the Borrowers or any ERISA Affiliate to liability in excess of $1,000,000.
Waiver Application. The plan administrator of any Benefit Plan applies under Section 412(d) of the IRC for a waiver of the minimum funding standards of Section 412(a) of the IRC and the Agent believes that the substantial business hardship upon which the application for the waiver is based could subject either the Borrower or any ERISA Affiliate to liability in excess of $250,000.
Waiver Application. The plan sponsor of any Benefit Plan applies ------------------ under Section 412(d) of the Code for a waiver of the minimum funding standards of Section 412(a) of the Internal Revenue Code and the Administrative Agent believes that the substantial business hardship upon which the application for the waiver is based which would be reasonably likely to subject either a Borrower or any ERISA Affiliate to liability in excess of $5,000,000.
Waiver Application. The plan administrator of any Benefit Plan applies under Section 412(d) of the Code for a waiver of the minimum funding standards of Section 412(a) of the Code and the substantial business hardship upon which the application for the waiver is based could subject either any Stellex Party or any ERISA Affiliate to liability which will or is reasonably likely to have a Material Adverse Effect.
Waiver Application. The Company has applied to the Hong Kong Stock Exchange for a waiver from strict compliance with Rule
Waiver Application. The Company has applied to the Hong Kong Stock Exchange for a waiver from strict compliance with (i) the independent Shareholders’ approval requirement under Rule 14A.36 of the Listing Rules in respect of the transactions under the Amended and Restated Cooperation Agreement; and (ii) the requirement under Rule 14A.53 of the Listing Rules to set an annual cap expressed in monetary terms for the fees payable by the Company under the Amended and Restated Cooperation Agreement. The Directors consider that it would be unduly burdensome and impracticable if the continuing connected transactions under the Amended and Restated Cooperation Agreement are subject these requirements for the following reasons:
Waiver Application. The Board will notify the Association at least 30 days prior to the day the Board shall consider a waiver application of school code.
Waiver Application. In the ordinary course of the business of the Group, the Group deposits its proprietary funds and customers’ funds with Everbright Bank (a connected person of the Company). Reference is made to the announcement of the Company dated September 17, 2018, which disclosed that the Company has applied for a waiver from the Hong Kong Stock Exchange from setting a maximum daily deposit limit on the deposits of the Group’s proprietary funds and customers’ funds placed with Everbright Bank, and the Hong Kong Stock Exchange has granted us a waiver from strict compliance with the maximum daily balance requirements set out in Rule 14A.53 of the Hong Kong Listing Rules. Given that such waiver will expire on December 31, 2021, the Company has again applied to the Hong Kong Stock Exchange for a waiver from strict compliance with the maximum daily balance of the deposits as required under Rule 14A.53 of the Hong Kong Listing Rules. The Hong Kong Stock Exchange is yet to grant the Company such a waiver. If the Hong Kong Stock Exchange does not approve the waiver application, the Board of Directors has agreed to approve the management of the Company to set a maximum daily deposit limit on the deposits of the Group’s proprietary funds and the customers’ funds placed with Everbright Bank in accordance with the applicable laws and regulations, the Hong Kong Listing Rules, the requirements of the competent regulatory authorities and the actual situation of the Group.
