Examples of Headcount Test in a sentence

As for meetings held under s 227X read with s 210 of the Act, a Headcount Test did not apply and thus no issues regarding headcount arose (see [23(b)] and [24(b)] above).
In meetings held under s 227X read with s 210 of the Act in the judicial management of Swiber, the issue did not arise because a Headcount Test did not apply (see [23(b)] above).
I address this at [45] below.) By contrast, a Headcount Test applied to meetings called by the Judicial Managers for the approval of their statement of proposals, by virtue of s 227N(2) of the Act which stated that approval of the judicial manager’s statement of proposals was to be by a “majority in number and value” [emphasis added] of creditors voting at creditors’ meetings held under ss 227M–227N of the Act.
PAF reserves the right to apply to the Court at the Second Court Hearing to approve the Scheme even if the Headcount Test is not satisfied.
The Court has a statutory discretion to disregard the Headcount Test for the purpose of the Scheme Meeting.

More Definitions of Headcount Test

Headcount Test means the requirement under section 411(4)(a)(ii)(A) of the Corporations Act that the Scheme Resolution is passed at the Scheme Meeting by a majority in number of CCV Shareholders present and voting, either in person or by proxy;

Headcount Test means the requirement under section 411(4)(a)(ii)(A) of the Corporations Act that the resolution is passed at the Scheme Meeting by a majority in number of Aurora Shareholders present and voting, either in person or by proxy. HSR Act means Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976 (U.S.), as amended. IFRS means International Financial Reporting Standards.

Headcount Test means the requirement under section 411(4)(a)(ii)(A) of the Corporations Act that the resolution to approve the Scheme at the Scheme Meeting is passed by a majority in number of BigAir Shareholders present and voting, either in person or by proxy. Implementation Date means, with respect to the Scheme, the fifth Business Day, or such other Business Day as the parties agree, following the Record Date for the Scheme. Independent Expert means an expert, independent of the parties, engaged by XxxXxx in good faith to opine on whether the Scheme is in the best interests of BigAir Shareholders.

Headcount Test means the requirement under section 411(4)(a)(ii)(A) of the Corporations Act that the resolution to approve the Scheme at the Scheme Meeting is passed by a majority in number of Cradle Shareholders eligible to vote at the Scheme Meeting and who are present and voting, either in person or by proxy. Implementation Date means the fifth Business Day following the Record Date or such other date agreed in writing by Cradle and Bidder. Independent Expert means the independent expert appointed by Cradle under item 3 of Schedule 4.

Headcount Test means the requirement under section 411(4)(a)(ii)(A) of the Corporations Act that the resolution to approve the Scheme at the Scheme Meeting is passed by a majority in number of Nearmap Shareholders present and voting, either in person or by proxy. HSR Act means the United States Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder. Implementation Date means, with respect to the Scheme, the fifth Business Day, or such other Business Day as the parties agree, after the Scheme Record Date. Independent Expert means an expert, independent of the parties, engaged by Nearmap to prepare the Independent Expert’s Report.