First Consolidation definition

First Consolidation means the consolidation of the J55 Shares on the basis of one post-First Consolidation J55 Share for each 1.2 issued and outstanding pre-First Consolidation J55 Share, effected prior to the Amalgamation closing;
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First Consolidation means the consolidation of the 4,797,313,658 currently outstanding Common Shares to 40 million Common Shares, on the basis of one post-consolidation share for approximately 120 pre-consolidation shares;
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First Consolidation means the consolidation of Shares on a two (old) for one (new) basis which was effected on October 30, 2018.
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Examples of First Consolidation in a sentence

  • The Number of the Company's Shares recognized as the entitlements of the Chief Executive Officer and the Board Secretary Director – which are the maximum numbers which can be consolidated -, for the First Consolidation Period (2014-2017) of the Special Plan was, respectively, 26,559 and 16,024, for the Second Consolidation Period (2015- 2018), 23,526 and 11,458, and for the Third Consolidation Period (2016-2019), it was of 22,228 and 9,902 respectively.

  • The First Consolidation will be made on the basis of one post-consolidation share for approximately 120 pre-consolidation shares such that, giving effect to the First Consolidation, the consolidation of the 4,797,313,658 currently outstanding Common Shares will be consolidated to 40 million Common Shares.

  • The Number of the Company's shares recognized as the entitlements of the Chief Executive Officer and the Board Secretary Director – which are the maximum numbers which can be consolidated -, for the First Consolidation Period (2014-2017) of the General Plan were 35,412 and 13,304, respectively; for the Second Consolidation Period (2015- 2018), they were 31,368 and 10,184, respectively and for the Third Consolidation Period (2016-2019), they were of 29,717 and 8,801 shares, respectively.

  • Subsequent to certain events and name changes, on October 30, 2018, Ignite Pubco changed its name from “ALQ Gold Corp.” to “Green Axis Capital Corp.” and effected the First Consolidation on the basis of one post-First Consolidation Share for every two pre-First Consolidation Shares.

  • Without limiting the foregoing, in respect of any Member who joined on or after the First Consolidation Date any premiums in excess of theInsurer’s standard premiums under the policy for the amount of cover in respect of the Member may be debited to the Employer’s No. 1 Account maintained in respect of that Member, or if there are insufficient monies in that Account to the Member’s Account or shall be paid as otherwise agreed between the Member, the Trustee and the Insurer (as the case may require).

  • Principal Amount: $150,000 Interest Rate: 12% per annum accruing and payable only on a cash settlementof the Note Conversion Entitlement: 3,360,000 post final consolidation of shares Maturity Date: 12 December 2015Stages of the Maxim Convertible Note 1 are provided below: First Consolidation Rate: 1 share for every 28.731 shares (Resolution 2) Conversion Entitlement: 18,900,000 post first consolidation based on $80,000 vailable under the Company’s annual 15% placement.

  • The Total Number of Recognized Shares for both Plans, for this Third Consolidation Period, was 163,357 (0.12 % of the share capital) which, together with the Recognized Shares for the First Consolidation Period (236,007 shares) and for the Second Consolidation Period (186,307), gives a total of 584,671 shares, representing 0.44 % of the share capital.

  • The numbers of the Company's shares recognized as the entitlements of the Chief Executive Officer and the Secretary/Director, for the First Consolidation Period (2014-2017) of the General Plan, were, respectively, 35,412 and 13,304 and for the Second Consolidation Period (2015- 2018), the number of the Company’ Performance Shares recognized in 2016, has been, respectively, 31,368 and 10,184.

  • The Trustee may in its absolute discretion invite any Member who was a Member on the day before the First Consolidation Date to be treated as if he or she became an Employee Member on or after the First Consolidation Date for the purposes of the definition of ‘Permanent Incapacity’ in clause 2.1, on such terms and conditions as the Trustee considers fit.

  • No fractional Common Shares will be issued by the Corporation pursuant to the First Consolidation.

Related to First Consolidation

  • Non-Consolidation Opinion means that certain substantive non-consolidation opinion delivered to Lender in connection with the closing of the Loan.

  • Consolidation Loan means a Loan made pursuant to and in full compliance with Section 428C of the Higher Education Act.

  • Consolidation means the consolidation of the accounts of each of the Restricted Subsidiaries with those of the Company in accordance with GAAP; provided that “Consolidation” will not include consolidation of the accounts of any Unrestricted Subsidiary, but the interest of the Company or any Restricted Subsidiary in any Unrestricted Subsidiary will be accounted for as an investment. The term “Consolidated” has a correlative meaning.

  • Second Restatement Date means October 20, 2011.

  • Merger has the meaning set forth in the Recitals.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Financial Restatement means a restatement of the Company’s financial statements due to the Company’s material noncompliance with any financial reporting requirement under U.S. federal securities laws that is required in order to correct:

  • General Motors Financial Company, Inc. means General Motors Financial Company, Inc. (f/k/a AmeriCredit Corp.).

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Body charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • CMSA Historical Liquidation Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Historical Liquidation Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Deconsolidation Date means the last date on which SpinCo qualifies as a member of the affiliated group (as defined in Section 1504 of the Code) of which Parent is the common parent.

  • Partnership Change of Control means Tesoro Corporation ceases to Control the General Partner.

  • Closing Date Financial Statements has the meaning set forth in Section 2.3(a)(i).

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • Water control structure means a structure within, or adjacent to, a water, which intentionally or coincidentally alters the hydraulic capacity, the flood elevation resulting from the two-, 10-, or 100-year storm, flood hazard area limit, and/or floodway limit of the water. Examples of a water control structure may include a bridge, culvert, dam, embankment, ford (if above grade), retaining wall, and weir.

  • Certified historic structure means a property listed individually on the Virginia Landmarks Register,

  • financial recovery plan means a plan prepared in terms of section 141 of the MFMA

  • Public adjuster means the insurance adjusters who do not work for any insurance company. They work for the insured to assist in the preparation, presentation and settlement of the claim. The insured hires them by signing a contract agreeing to pay them a fee or commission based on a percentage of the settlement, or other method of compensation.

  • Pre-Deconsolidation Period means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date.

  • Financial Records means any document or summary of information contained in a document, including electronic documents, that contains information about the financial activities or position of a person including, but not limited to, information about the assets, balance sheets, budgets, cash flow, earnings, revenue, expenditures, income, investments, losses, liabilities, payroll, profits, retained earnings, or taxes.

  • Deconsolidation shall have the meaning provided in the Recitals.

  • GM Financial means AmeriCredit Financial Services, Inc. d/b/a GM Financial.

  • Company Capitalization means the sum, as of immediately prior to the Equity Financing, of: (1) all shares of Capital Stock (on an as-converted basis) issued and outstanding, assuming exercise or conversion of all outstanding vested and unvested options, warrants and other convertible securities, but excluding (A) this instrument, (B) all other Safes, and (C) convertible promissory notes; and (2) all shares of Common Stock reserved and available for future grant under any equity incentive or similar plan of the Company, and/or any equity incentive or similar plan to be created or increased in connection with the Equity Financing.

  • Public Acquirer Change of Control means any event constituting a Fundamental Change that would otherwise give Holders the right to cause the Company to repurchase the Securities under Section 3.9 where either (a) the acquirer or (b) if not the acquirer, a direct or indirect majority-owned Subsidiary of the acquirer or (c) if not the acquirer or any direct or indirect majority-owned Subsidiary of the acquirer, a corporation by which the acquirer is majority-owned has a class of common stock (or American Depository Shares representing such common stock) traded on a U.S. national securities exchange or quoted on the NASDAQ Global Select Market or which will be so traded or quoted when issued or exchanged in connection with such Fundamental Change.

  • Original Financial Statements means the audited consolidated financial statements of the Guarantor for the financial year ended 31 December 2014.

  • Certificate of a Firm of Independent Public Accountants means a certificate signed by an independent public accountant or a firm of independent public accountants who may be the independent public accountants regularly retained by the Company or who may be other independent public accountants. Such accountant or firm shall be entitled to rely upon an Opinion of Counsel as to the interpretation of any legal matters relating to such certificate.