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 a Black Company or a Black Entity;
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Examples of Black Groups in a sentence

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

  • During the BEE Listing Period, only Black Persons and Black Groups who are Eligible Persons may own Shares, and only BEE Verified Persons may buy, sell, otherwise transfer or receive transfer of Shares.

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

  • The Black Group must put the elected Authorised Representative's name in the Verification Form (Black Groups) and provide us with the Supporting Documents we need.

  • 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.

  • BANK VERIFICATIONWe confirm that the above information about the abovementioned Black Group's account at this bank is correct.

  • Only Black People or Black Groups who we have confirmed are Eligible Persons, or who are treated by us as Eligible Persons, may apply to be confirmed as a BEE Verified Person.

  • You must download and print the Verification Form (Black Groups) and complete it manually.

  • We will review your Verification Form (Black Groups) and all Supporting Documents.

  • If you are a Black Group, you agree to accept any legal documents under this Custody Entity Mandate at the addresses you give to the Custody Entity in the Verification Form (Black Groups) that you complete.


More Definitions of Black Groups

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;1.3.20. "Companies Act" means the Companies Act, 71 of 2008;1.3.21. "Company" means Sasol South Africa Limited, a public limited liability company with registration number: 1968/013914/06, duly incorporated in accordance with the laws of the Republic of South Africa;1.3.22. "Consideration Assets" means those assets, other than cash, offered as consideration by an Offeror as contemplated in clauses 12 or 21;
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Black Groups means Black Companies and Black Entities; * 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. † 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 owned company means a company incorporated in accordance with the laws of South Africa and having a shareholding in which one or more Black People:
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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.
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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 means, collectively, the Creekside Operating Company, the Mentone Operating Company and the Yucaipa Operating Company. “Operating Company” means any of the Operating Companies.

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

  • 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 all such Persons.

  • 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.

  • Generating Company means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station;

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

  • Peer Companies means the following companies which remain publicly traded throughout the entire TSR Measurement Period: AbbVie GlaxoSmithKline Amgen Johnson & Xxxxxxx AstraZeneca Merck Biogen Novartis Celgene Pfizer Xxx Xxxxx Xxxxx Gilead Sciences Sanofi Companies that were publicly traded as of the Award Date but are no longer publicly traded as of the end of the TSR Measurement Period shall be excluded, except that companies that are no longer publicly traded as of the end of the TSR Measurement Period due to filing for bankruptcy prior to the end of the TSR Measurement Period shall be assigned a Total Shareholder Return of -100% for the TSR Measurement Period. In the case of a merger or acquisition involving two Peer Companies during the TSR Measurement Period, the acquiree or merged company, as the case may be, shall be removed from the list of Peer Companies, and the acquirer or successor company, as the case may be, shall remain on the list of Peer Companies. In the case of a spinoff involving a Peer Company during the TSR Measurement Period, such company shall remain on the list of Peer Companies, provided that it remains an appropriate peer. Any new company formed as a result of the spinoff shall not be added to the list of Peer Companies for the current TSR Measurement Period (however, such company may be added to the list of Peer Companies for subsequent awards, if the Committee deems such inclusion appropriate). For the avoidance of doubt, following the closing of the Company’s acquisition of Celgene Corporation (“Celgene”), Celgene shall be has been removed from the list of Peer Companies.

  • 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.

  • SpinCo Group means (a) prior to the Effective Time, SpinCo and each Person that will be a Subsidiary of SpinCo as of immediately after the Effective Time, including the Transferred Entities, even if, prior to the Effective Time, such Person is not a Subsidiary of SpinCo; and (b) on and after the Effective Time, SpinCo and each Person that is a Subsidiary of SpinCo.