BEE Contract means the contract to be known by that name, the form of which is prescribed by the JSE which comprises the generic terms set forth therein and, as regards each issuer on the BEE Segment of the Main Board, the additional terms relating to that issuer’s Securities listed on the BEE Segment;
BEE Contract means the contract prescribed by the JSE as referred to in clause 21 of this Agreement and appended hereto as Schedule B; "BEE Compliant Persons" shall have a meaning as defined in the BEE Contract;
BEE Contract means the contract prescribed by the JSE which is made up of the generic terms set forth therein which apply to all Issuers and, as regards each Issuer, the terms specific to that Issuer’s BEE Securities which are listed on the BEE Segment and which are contained in that Issuer’s Constitution under the heading “Additional Terms of BEE Contract”, which form an integral part of and must be read as if contained in the BEE Contract;
Examples of BEE Contract in a sentence
In this regard, the Client hereby agrees to irrevocably indemnify and keep Computershare indemnified against all and any claims, suits, actions, proceedings or demands of whatsoever nature and howsoever so arising which may occur, be brought or be made by any person against Computershare as a result of or connected with or arising out of his failure to complete and/or adhere to the terms of such BEE Contract.
This BEE Contract may be executed in several counterparts, each of which shall together constitute one and the same instrument.
Notwithstanding the fact that there will be many Specified Issuers which will be parties to This BEE Contract, in the event that a Specified Issuer wants to accept the benefits under This BEE Contract, that Specified Issuer shall not be obliged to notify the other Specified Issuers of such acceptance.
You, the Registered Shareholder, the CSDP, the JSE Member, IH and the IHRS agree that This BEE Contract cannot be amended by any of you without the prior written consent of all the Specified Issuers.
The Issuer chooses its registered office as its address for service for all purposes under This BEE Contract, whether in respect of court process, notices or other documents or communications of whatsoever nature, but in the case of notices they shall be marked for the attention of the company secretary.
More Definitions of BEE Contract
BEE Contract means the prescribed contract which the proposed registered owner of BEE securities and, if the registered owner will act as a nominee on behalf of a beneficial owner, the proposed beneficial owner of those BEE securities must conclude, in terms of which, inter alia –(a) the registered owner or, if the registered owner will act as a nominee on behalf of a beneficial owner, the beneficial owner warrants that he is a BEE compliant person;(b) the necessary restrictions, limitations and requirements are imposed by the issuer on the registered owner and the beneficial owner in order to achieve the continued ownership of BEE securities by BEE compliant persons;(c) the parties to the contract are bound by generic terms applicable to all issuers and by additional specific terms relevant to a particular issuer’s BEE securities contained in the issuer’s constitution; and(d) the beneficial owner indemnifies the registered owner against any claim made against the registered owner in the event that, in terms of the BEE contract, –(i) the registered owner is obliged to dispose of the BEE securities; or(ii) the issuer of the BEE securities exercises its right to repurchase or its right to nominate its nominee to purchase the BEE securities from the registered owner thereof; “BEE controlled company” means a juristic person, having shareholding or similar members interest, in which black participants enjoy a right to exercisable voting rights of an amount specified in the rules of the BEE ownership scheme; “BEE issuer verification agent” means the agent appointed by an issuer of BEE securities in terms of the relevant BEE ownership scheme that is responsible for –(a) ensuring that the prevailing BEE terms and conditions of the BEE ownership scheme have been accepted by the proposed registered owner or, if the registered owner will act as a nominee on behalf of a beneficial owner, the proposed beneficial owner; and(b) verifying that persons wishing to acquire BEE securities issued by that issuer qualify as BEE compliant persons as set out in the BEE ownership scheme and providing confirmation of that verification to the member through whom the BEE securities are being purchased; “BEE owned company” means a juristic person, having shareholding or similar members interest, that is BEE controlled, in which black participants enjoy a right to economic interest in an amount specified in the rules of the BEE ownership scheme; “BEE ownership scheme” means an issuer ownership schem...
BEE Contract means the contract, the form of which is prescribed by the JSE and which is required to be signed by at least the proposed beneficial owner of BEE Securities before acquiring such BEE Securities for the first time;” 4. A new clause 1.2.3C is inserted after clause 1.2.3B which reads as follows -
BEE Contract means the contract, the form of which is prescribed by the JSE and which is required to be signed by at least the proposed beneficial owner of BEE Securities before acquiring such BEE Securities for the first time;”
BEE Contract means the contract prescribed by the JSE as referred to in clause 21 of this Agreement and appended hereto as Schedule B;
BEE Contract means the contract defined in the JSE Listings Requirements, incorporating the additional terms contemplated in clause 43 of the Sasol MOI;
BEE Contract means the contract to be known by that name, the form of which is prescribed by the JSE which comprises the generic terms set forth therein and, as regards each issuer on the BEE Segment of the Main Board, the additional terms relating to that issuer’s securities listed on the BEE Segment;161.5 “Beneficial Owner” means, in respect of the Sasol BEE Ordinary Shares, the person or entity to whom the risks and rewards of ownership are attributable which is typically evidenced by:161.5.1 the right or entitlement to receive any dividend payable in respect of those Sasol BEE Ordinary Shares; or161.5.2 the right to exercise or cause to be exercised in the ordinary course of events, any or all of the voting, conversion, redemption or other rights attached to those Sasol BEE Ordinary Shares; or161.5.3 the right to dispose of or direct the disposition of those Sasol BEE Ordinary Shares, or any part of a distribution in respect of those Sasol BEE Ordinary Shares and to have the benefit of the proceeds;161.6 “Broker” means any member of the JSE;161.7 “Bulk Dematerialisation” means the process by which all the share certificates in respect of Sasol BEE Ordinary Shares, whose holders are not Election Shareholders, are converted, prior to the Designated Date, to an electronic form and such shares are transferred into the name of the Computershare Nominee Company or the OTC Nominee Company, if the listing on the JSE does not occur, so as to be held by it for and on behalf of the Bulk Dematerialised Shareholders;77161.8 “Bulk Dematerialisation Shares” means the Sasol BEE Ordinary Shares that have been dematerialised pursuant to the Bulk Dematerialisation;161.9 “Bulk Dematerialised Shareholders” means all the holders of Sasol BEE Ordinary Shares who are not Election Shareholders;161.10 “Cash Contract” means the contract concluded by the Company with each of the holders of the certificated Sasol BEE Ordinary Shares during 2008 when the Sasol BEE Ordinary Shares were allotted and issued, which contract contains, inter alia, provisions governing the holding of certificated Sasol BEE Ordinary Shares and a requirement that the Registered Holder and the Beneficial Owner be the same person;161.11 “Codes” means the Broad-Based Black Economic Empowerment Codes of Good Practice gazetted under the Broad-Based Black Economic Empowerment Act, No. 53 of 2003;161.12 “Computershare” means Computershare Investor Services (Proprietary) Limited, registration number 2004/003647/07;161.13 “Compu...
BEE Contract means the contract prescribed by the JSE as referred to in clause 21;