Black Groups definition

Black Groups means Black Companies and Black Entities;
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Black Groups means each company and other entity which qualifies as Black for purposes of the ownership criteria as contemplated in the B-BBEE Act;
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Black Groups means each company and other entity which qualifies as Black for purposes of the ownership criteria as contemplated in the 8-BBEE Act;1.3.13. "Black People" or "Black Person/s" has the meaning ascribed to it under the 8-BBEE Act, being Africans, Coloureds and Indians, and who are natural persons and who are South African citizens by (i) birth or descent or(ii) naturalisation occurring (a) before 27 April 1994, or (b) on or after 27 April 1994 and who would have been entitled to acquire citizenship by naturalisation prior to that date, and "Black'' shall be construed accordingly;1.3.14. "Board" means the board of directors of the Company, acting either as such or through any committee or person, to which or whom the board of directors has delegated authority for the purposes of the Plan;1.3.15. "Business Day" means any day on which banks are generally open for business in the Republic of South Africa, except a Saturday, Sunday or official public holiday in the Republic of South Africa;1.3.16. "Capitalisation Shares" means the Elective Capitalisation Shares or Non­ Elective Capitalisation Shares, as the context dictates;1.3.17. "CCMA" means the Commission for Conciliation, Mediation and Arbitration established in terms of the LRA;1.3.18. "Charter" means any transformation charters issued under sections 9 and/or 12 of the B-BBEE Act or other charter of general application to the Company and/or Sasol (or relevant parts thereof);1.3.19. "Codes" mean the Codes of Good Practice on Broad-Based Black Economic Empowerment promulgated as regulations in terms of the 8-BBEE Act;1.
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Examples of Black Groups in a sentence

  • Black Groups must appoint a person to be their Authorised Representative.

  • The YeboYethu MOI and the Transaction Agreements, which govern the relationship between YeboYethu shareholders, apply to Black People and Black Groups who own Shares.

  • We have established procedures to ensure that Black Persons or Black Groups that own Shares, or that want to own Shares, are confirmed as Eligible Persons as well as that such Eligible Persons qualify as BEE Verified Persons.

  • We require Black Groups to complete a Verification Form (Black Groups) that we will provide, and to provide all Supporting Documents referred to in Annexure 3 (Supporting Documents) of these Terms.

  • Supporting Documents This Annexure provides a list of documents required for Black People and Black Groups wishing to complete the Application Process, the BEE Verification process and/or wishing to change or correct the details we have for you.

  • You must do this by completing and submitting the Verification Form (Black Groups) in accordance with the MTN Zakhele Facilitated Trading Process Verification Terms and Conditions.

  • Supporting Documents This Annexure provides a list of documents required for Black People and Black Groups wishing to complete Application Process, the BEE Verification process and/or wishing to change or correct the details we have for you.

  • We have procedures to check that Black Persons or Black Groups that own MTNZF Shares, or that want to own MTNZF Shares, are confirmed as Eligible Shareholders and also to check if Eligible Shareholders qualify as Verified Shareholders.

  • Only Black People and Black Groups qualify to participate in the Public Offer.

  • We have procedures to check that Black Persons or Black Groups that own MTN Zakhele Shares, or that want to own MTN Zakhele Shares, are confirmed as Eligible Shareholders and also to check if Eligible Shareholders qualify as Verified Shareholders.


More Definitions of Black Groups

Black Groups means a Black Company or a Black Entity;
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Black Groups means Black Companies and Black Entities
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Black Groups means Black Companies and Black Entities; 1 A summary of the current definition in the Codes is set out below for Your convenience only, and such summary should not be construed as an interpretation of the Codes. A BEE controlled company is a company incorporated in accordance with the laws of South Africa and having a shareholding in which one or more Black People controls or control, on a flow-through basis (as such term is contemplated in the Codes), in excess of 50% of all exercisable voting rights in relation to the ordinary shares or other equity interest of such company, exercisable by members in general meeting or otherwise. 2 A summary of the current definition in the Codes is set out below for Your convenience only, and such summary should not be construed as an interpretation of the Codes. 1. beneficially owns or own, on a flow-through basis (as such term is contemplated in the Codes and which excludes measurement utilising the modified flow- through basis), in excess of 50% of the ordinary shares or other equity interest of such company; and 2. is or are entitled to in excess of 50% on a flow-through basis (as such term is contemplated in the Codes and which excludes measurement utilising the modified flow-through basis) of all economic interest in relation to such ordinary shares or other equity interest of such company.
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Black Groups means Black Companies and Black Entities; (1) beneficially owns or own, on a flow-through basis (as such term is contemplated in the Codes and which excludes measurement utilising the modified flow- through basis), in excess of 50% of the ordinary shares or other equity interest of such company; and (2) is or are entitled to in excess of 50% on a flow-through basis (as such term is contemplated in the Codes and which excludes measurement utilising the modified flow-through basis) of all economic interest in relation to such ordinary shares or other equity interest of such company.
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Related to Black Groups

  • Participating Companies means any insurance company (including Insurance Company) that offers variable annuity and/or variable life insurance contracts to the public and that has entered into an agreement with one or more of the Funds.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • Brookfield Group means Brookfield and any Affiliates of Brookfield, other than any member of the BREP Group;

  • Combined Group means a group of corporations or other entities that files a Combined Return.

  • Black People is a generic term which means Africans, Coloureds and Indians;

  • Participating Company Group means, at any point in time, all corporations collectively which are then Participating Companies.

  • Combined Company means Holdco and its consolidated subsidiaries after giving effect to the Business Combination.

  • GVWR means gross vehicle weight rating.

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • GMS means the automated system, or its successor system, employed by SCE real time operations to remotely monitor and dispatch the Generating Facility.

  • Peer Group Companies means the following companies: .

  • Company Group means the Company and its Subsidiaries.

  • SpinCo Entities means the entities, the equity, partnership, membership, limited liability, joint venture or similar interests of which are set forth on Schedule IV under the caption “Joint Ventures and Minority Investments.”

  • Members means the persons who are duly registered as the holders from time to time of shares in the register including persons who are jointly so registered.

  • BPSS means the recognised standard for HMG for staff vetting which comprises verification of (1) identity, (2) employment history, (3) nationality and immigration status (including the right to work), and Criminal Records Bureau check (including a five (5) year address history check).

  • Target Group means the Target and its Subsidiaries.

  • SpinCo shall have the meaning set forth in the Preamble.

  • economic operators means the manufacturer, the authorised representative, the importer and the distributor;

  • Peer Companies means the companies included in the Xxxxxxx 2000 on December 31, 2017. In the event of a merger, acquisition or business combination transaction of a Peer Company with or by another Peer Company, the surviving entity shall remain a Peer Company. In the event of a merger of a Peer Company with an entity that is not a Peer Company, or the acquisition or business combination transaction by or with a Peer Company, or with an entity that is not a Peer Company, in each case, where the Peer Company is the surviving entity and remains publicly traded, the surviving entity shall remain a Peer Company. In the event of a merger or acquisition or business combination transaction of a Peer Company by or with an entity that is not a Peer Company, a “going private” transaction involving a Peer Company or the liquidation of a Peer Company, where the Peer Company is not the surviving entity or is otherwise no longer publicly traded, the company shall no longer be a Peer Company. In the event of a bankruptcy of a Peer Company, such company shall remain a Peer Company.

  • economic resources means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • SAP Group means SAP Parent and any of its Associated Companies.

  • Partnership Group means the Partnership and its Subsidiaries treated as a single consolidated entity.

  • Parent Group has the meaning set forth in Section 8.03(c).

  • MTS means the San Diego Metropolitan Transit System, a public agency created pursuant to Public Utilities Code Section 120050 et seq.

  • ATS means an alternative trading system, as defined in Rule 300(a)(1) of Regulation ATS under the Exchange Act.