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 as interpreted by the courts, from time to time:161. 3.1 as regards a natural person, one who falls within the ambit of the definition of “black people” in the BEE Codes;161. 3.2 as regards a juristic person having shareholdings or similar members’ interests, one who falls within the ambit of the definitions of BEE controlled company or BEE owned company, as defined in the Codes, using the flow-through principle;161. 3.3 as regards any other entity, any entity similar to a BEE controlled company or BEE owned company using the flow-through principle would enable the Company as the issuer of securities owned or controlled by such entity to claim points attributable to the entity’s ownership of the securities pursuant to the Codes;161. 4
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Examples of BEE Compliant Person in a sentence

  • The Member loads and flags the client in the beneficial owners’ field on the BDA system as being a BEE Compliant Person and that the member is able to commence trading the SOLBE1 share on behalf of the client.

  • Sell the Specified BEE Securities to any BEE Compliant Person, and the executor of Your estate shall instruct the Registered Shareholder to take whatever steps are necessary, and the Registered Shareholder shall be obliged to take such steps, in order to effect any such transfer or Sale of the Specified BEE Securities, as the case may be.

  • On the expiry date, the BEE Verification Confirmation status will automatically expire, and the beneficial owner will with immediate effect no longer be considered to be a BEE Compliant Person and will not be entitled to purchase any further SOLBE1 shares.

  • 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.

  • 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.

  • Likewise it will be necessary for any BEE Compliant Person who wishes to acquire Sasol Inzalo Ordinary Shares on the BEE Segment to appoint a Broker to do this for him/her/it.

  • Please see paragraph 6 for full details on the BEE Contract and an analysis of the difference between the BEE Contract on the one hand and the Amended Cash Contract and Amended New Cash Contract on the other.Each person that is not a natural person, wishing to acquire BEE Securities will have to lodge a BEE Certifi cate refl ecting that it is a BEE Compliant Person, with its Broker, which will have to be renewed annually.

  • 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.

  • What is the BEE certificate and where do you obtain this certificate?A BEE certificate is an original or copy of a BEE certificate issued by a verification agency accredited by the accreditation bodycontemplated in the BEE Codes, certifying that the juristic person or an entity identified in the BEE certificate is a BEE Compliant Person.

Related to BEE Compliant Person

  • HIPAA Compliant means that a Loan Party to the extent legally required (i) is or will use commercially reasonable efforts to be in compliance in all material respects with each of the applicable requirements of the so-called “Administrative Simplification” provisions of HIPAA on and as of each date that any part thereof, or any final rule or regulation thereunder, becomes effective in accordance with its or their terms, as the case may be (each such date, a “HIPAA Compliance Date”) and (ii) is not and could not reasonably be expected to become, as of any date following any such HIPAA Compliance Date, the subject of any civil or criminal penalty, process, claim, action or proceeding, or any administrative or other regulatory review, survey, process or proceeding (other than routine surveys or reviews conducted by any government health plan or other accreditation entity) that could result in any of the foregoing or that has or could reasonably be expected to have a Material Adverse Effect.

  • relevant person means, in relation to premises in respect of which there is in force a premises licence -

  • Alternative Compliance Payment or "ACP" means a payment of a certain dollar amount per megawatt hour, which a Retail Electricity Supplier may submit in lieu of supplying the minimum percentage of RECs required under Section 3.3.5 of this Regulation.

  • Relevant Personnel means the Data Processor’s employees, agents and personnel and such other personnel of the Data Controller as may be approved in writing by the Data Controller from time to time in respect of access to the Personal Data;

  • Screened Affiliate means any Affiliate of a Holder (i) that makes investment decisions independently from such Holder and any other Affiliate of such Holder that is not a Screened Affiliate, (ii) that has in place customary information screens between it and such Holder and any other Affiliate of such Holder that is not a Screened Affiliate and such screens prohibit the sharing of information with respect to the Company or its Subsidiaries, (iii) whose investment policies are not directed by such Holder or any other Affiliate of such Holder that is acting in concert with such Holder in connection with its investment in the Notes, and (iv) whose investment decisions are not influenced by the investment decisions of such Holder or any other Affiliate of such Holder that is acting in concert with such Holders in connection with its investment in the Notes.

  • Sanctioned Load means the load in kW, kVA or BHP, which the licensee has agreed to supply from time to time subject to the governing terms and conditions in the absence of an Agreement between the Distribution licensee and the consumer;

  • Sanctioned Person means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council, the European Union or any European Union member state, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b).

  • Sanctioned Party means any persons, entities, bodies, or vessels designated by a Sanctioning Authority.

  • Covered Entity means any of the following:

  • Relevant Persons means all persons that undertake in Northern

  • Sanctioned Entity means (a) an agency of the government of, (b) an organization directly or indirectly controlled by, or (c) a Person resident in, in each case, a country that is subject to a sanctions program identified on the list maintained by the OFAC and published from time to time, as such program may be applicable to such agency, organization or Person.

  • Support Person means a person, who accompanies an Accused Student, a Reporting Party or a victim to a hearing for the limited purpose of providing support and guidance. A support person may not directly address the Hearing Body, question witnesses, or otherwise actively participate in the hearing process.

  • Individualized family service plan means a written plan for providing early intervention services to an eligible child and the child’s family.

  • Independent Person means a person appointed under section 28(7) of the 2011 Act;

  • Subject Person has the meaning assigned to such term in the definition of “Consolidated Net Income”.

  • Sanctioned Target means any target of Sanctions, including: (a) Persons on any list of targets identified or designated pursuant to any Sanctions, (b) Persons, countries, or territories that are the target of any territorial or country-based Sanctions program, (c) Persons that are a target of Sanctions due to their ownership or control by any Sanctioned Target(s), or (d) otherwise a target of Sanctions, including vessels and aircraft, that are designated under any Sanctions program.