Gross Paying Shares definition

Gross Paying Shares means Shares (of whatever Class) in Funds of the Company as may be in issue from time to time in respect of which income allocated to holders is (i) in the case of Accumulation Share credited periodically to capital or (ii) in the case of Income Shares distributed periodically to the holders. In either case in accordance with relevant tax law without any tax being deducted or accounted for by the Company.
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Gross Paying Shares means Shares (of whatever Class) in the Company as may be in issue from time to time and in respect of which income allocated thereto is credited periodically to capital (in the case of Accumulation Shares)
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Examples of Gross Paying Shares in a sentence

  • Class A Gross Paying Shares are available to investors with a suitable written agreement with the company who have completed the necessary tax eligibility declarations on application to subscribe.

  • Class I Gross Paying Shares are available to investors with a suitable written agreement with the company who have completed the necessary tax eligibility declarations on application to subscribe.

  • South Africa has the potential as have most of the advanced economies in Africa to compete with the developed countries.

  • The Class A Gross Paying Shares are available for issue at the price calculated by reference to the next Valuation Point (18.00 UK time) after the order is received by the ACD provided it is received no later than the 16.30 cut-off time for that Dealing Day.

  • Class A Gross Paying Shares (“Class A Gross Paying Shares”): The minimum initial lump sum investment for Class A Gross Paying Shares is £1,000 per investor; the minimum additional lump sum investment is £1,000 per investor.

  • Class L Gross Paying Shares (“Class L Gross Paying Shares”): The minimum initial lump sum investment for Class L Gross Paying Shares is £50,000,000 per investor; the minimum additional lump sum investment is £10,000,000 per investor.

  • Class L Gross Paying Shares are available to investors with a suitable written agreement with the company who have completed the necessary tax eligibility declarations on application to subscribe.

  • Class I Gross Paying Shares (“Class I Gross Paying Shares”): The minimum initial lump sum investment for Class I Gross Paying Shares is £1,000 per investor; the minimum additional lump sum investment is £1,000 per investor.

  • There is no maximum investment level for any Class A Gross Paying Shares.

  • Class I Gross Paying Shares (“Class I Gross Paying Shares”): The minimum initial lump sum investment for Class I Gross Paying Shares is £50,000,000 per investor; the minimum additional lump sum investment is £1,000 per investor.

Related to Gross Paying Shares

  • Qualifying Shares means shares of Common Stock which either (i) have been owned by the Grantee for more than six (6) months and have been “paid for” within the meaning of Rule 144 promulgated under the Securities Act, or (ii) were obtained by the Grantee in the public market.

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • Payment Shares has the meaning set forth in Section 2.02;

  • Initial Shares means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.

  • Cash Election Shares shall have the meaning set forth in Section 3.2.1.

  • Exchangeable Share Consideration has the meaning provided in the Exchangeable Share Provisions;

  • Commitment Shares shall have the meaning set forth in Section 12.04.

  • Underlying Shares means the shares of Common Stock issued and issuable upon conversion of the Preferred Stock, upon exercise of the Warrants and issued and issuable in lieu of the cash payment of dividends on the Preferred Stock in accordance with the terms of the Certificate of Designation.

  • Company Outstanding Shares means the total number of shares of Company Common Stock outstanding immediately prior to the Effective Time, expressed on a fully-diluted and as-converted to Company Common Stock basis.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Amalco Shares means the common shares in the capital of Amalco;

  • Class B Common Shares means shares of Class B Common Stock.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Returning Shares means shares subject to outstanding stock awards granted under the Prior Plan and that following the Effective Date: (A) are not issued because such stock award or any portion thereof expires or otherwise terminates without all of the shares covered by such stock award having been issued; (B) are not issued because such stock award or any portion thereof is settled in cash; (C) are forfeited back to or repurchased by the Company because of the failure to meet a contingency or condition required for the vesting of such shares; (D) are withheld or reacquired to satisfy the exercise, strike or purchase price; or (E) are withheld or reacquired to satisfy a tax withholding obligation.

  • Subco Shares means the common shares in the capital of Subco;

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Placing Shares means the 32,313,130 Shares to be issued by the Company pursuant to the Placing;