BEE Compliant Person definition

BEE Compliant Person means as interpreted by the courts, from time to time –
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BEE Compliant Person as defined in the BEE Contract“
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BEE Compliant Person means – 1.7.1. a Black Person; or 1.7.2. a Black Entity; or 1.7.3. the IUC Trust;
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Examples of BEE Compliant Person in a sentence

  • You undertake for the duration of This BEE Contract, not to permit the Sale Off Market of any of the Specified BEE Securities or any rights or interests therein, nor to instruct the Registered Shareholder, the CSDP, the JSE Member, the IH or the IHRS, as the case may be, to effect transfer or permit the transfer of those BEE Securities on Your behalf, to any person who/which is not a BEE Compliant Person and who/which has not signed a BEE Contract.

  • If an Encumbrance has been recorded against any BEE Securities, the Participant must ensure before transferring those BEE Securities in terms of the Encumbrance, that they are only transferred to a BEE Compliant Person, who binds herself/himself/itself to a BEE Contract prior to taking transfer of those BEE Securities.

  • If an Encumbrance has been recorded against any BEE Securities, the Participant must ensure before transferring those BEE Securities in terms of the Encumbrance, that they are only transferred to a BEE Compliant Person, who binds herself/ himself/itself to a BEE Contract prior to taking transfer of those BEE Securities.