Court Sanction definition

Court Sanction means the date on which the Court sanctions the Scheme under section 899 of the Companies Act 2006;

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Court Sanction means the order of the Court sanctioning the Scheme under section 899 of the Companies Act being granted;

Court Sanction means the granting of the Court Order at the Court Hearing;

Examples of Court Sanction in a sentence

In addition, the Offeree Remuneration Committee will determine the satisfaction of the relevant performance conditions on or shortly before the Court Sanction Hearing (the expectation being that such performance conditions will be determined to be satisfied in full).
Pursuant to the terms of the Cooperation Agreement, Bidco has undertaken that it will deliver a notice in writing to H&T no later than 11.59 p.m. on the Business Day prior to the Court Sanction Hearing confirming either: (i) the satisfaction or waiver of all Conditions (other than Condition 2.3); or (ii) if permitted by the Panel, that it intends to invoke a Condition.
In addition, the Offeree Remuneration Committee will determine the satisfaction of the relevant performance conditions on or shortly before the Court Sanction Hearing (the expectation being that such performance conditions will have been satisfied in full).
The extent to which any unvested Outstanding Awards shall vest and become exercisable on the Court Sanction Hearing date will be determined by reference to (i) the application of any time pro-rating to reflect the early vesting as per the Offeree Share Plan rules; and (ii) the extent to which the applicable performance conditions have been satisfied during the relevant performance period.
Any holding period which applies, or which would normally apply to the Offeree Shares acquired on the exercise of the Outstanding Awards shall lapse on or with effect from the date of the Court Sanction Hearing.

More Definitions of Court Sanction

Court Sanction means the Court sanctioning the Scheme under section 899 of the Companies Act 2006.

Court Sanction means the date on which the Scheme is sanctioned by the Court;

Court Sanction means the date on which the Court sanctions the Scheme under section 899 of the Companies Act 2006; “Effective Date” means the date on which the Scheme becomes effective in accordance with its terms;

Court Sanction means the sanction of the Scheme of Arrangement by the Court without modification or with modification on terms reasonably acceptable to Parent and the Company.

Court Sanction means the order of the Court sanctioning the Scheme

Court Sanction means the granting of the Court Order at the Court Hearing "Court" means the High Court of Justice in England and Wales

Court Sanction means the date on which the Court sanctions the Scheme; “Grant Date” means the date on which an Award is granted;