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 resolutions to approve the Share Scheme and the Option Scheme at the Scheme Meetings are passed by a majority in number of KWR Shareholders and KWR Optionholders (as applicable) present and voting, either in person or by proxy. Implementation Date means the third Business Day following the Record Date.

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 Share Scheme at the Share Scheme Meeting is passed by a majority in number of Xplore Shareholders present and voting, either in person or by proxy. HUB24 Break Fee has the meaning given to that term in clause 15(a). HUB24 Consideration Share means a HUB24 Share to be issued under the terms of the Share Scheme as Share Scheme Consideration. HUB24 Due Diligence Material means the written information disclosed by or on behalf of HUB24 and its Subsidiaries (including management presentations and all written responses provided in response to written questions or requests for information) to Xplore, or any of its Authorised Persons prior to the date of this agreement . HUB24 Information means such information regarding HUB24 that is provided by or on behalf of HUB24, or any of their Advisers, to Xplore, the Independent Expert or the Investigating Accountant:

Headcount Test means, in relation to a Scheme, the requirement under section 411(4)(a)(i) or 411(4)(a)(ii)(A) (as applicable) of the Corporations Act that the resolution to approve the relevant Scheme at the Scheme Meetings is passed by a majority in number of Anatolia Shareholders, Anatolia Optionholders or Anatolia Performance Shareholders (as applicable) 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 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.

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 Meetings is passed by a majority in number of QMS Shareholders present and voting, either in person or by proxy. HoldCo means Xxxxxxx Topco Pty Ltd ACN 634 291 375, the ultimate holding company of Bidder. Implementation Date means, with respect to the Scheme, the fifth Business Day, or such other Business Day as the parties agree, following the Scheme Record Date for the Scheme. Implementation Planning Committee has the meaning given to that term in clause 7.3(e) of this deed. Independent Expert means an expert, independent of the parties, engaged by QMS in good faith to opine on whether the Scheme is in the best interests of QMS Shareholders.