Kiwi Share definition

Kiwi Share means the convertible preference share referred to in clause 3.2 which has the rights specified in clause 3.5;
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Kiwi Share means the fully paid special rights convertible preference share having the rights and limitations specified in clause 3 of the First Schedule;
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Kiwi Share means the convertible preference share referred to in clause 1.1 of this constitution and having the rights and limitations specified in clause 3;
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Examples of Kiwi Share in a sentence

  • The Kiwi Shareholder may convert the Kiwi Share into an Ordinary Share at any time, by notice in writing to the Company, which notice shall be accompanied by the share certificate for the Kiwi Share.

  • It is also linked to the enforcement mechanism, as the Commissioner will be able to withhold the industry contribution if Telecom fails to meet its Kiwi Share obligations (Swain, 2000a, p.

  • In a section entitled “Telecommunications: Questions and Answers”, the Government stated:Why should industry contribute to the Kiwi Share costs?Industry will only be contributing to net Kiwi Share costs if it is established that there are any costs (using a robust costing process).

  • The idea is that services akin to those covered by the Kiwi Share Obligation will be subject to contestability, such that service providers compete for the right to be a service provider under a particular TSO instrument (Bowie, 2001).

  • Despite the MIT insisting that the existing disclosure regime was sufficient, the Government proposed cost-recoupment regulation, based on annual net costing:Net costs of the Kiwi Share obligations • Telecom will carry out an initial costing of the Kiwi Share obligations in accordance with a robust and transparent costing methodology (including auditingand consultation with interested parties).

  • Notwithstanding any other provision of this Constitution, and without limiting section 117 of the Act, the rights attached to the Kiwi Share under clause 3.5 shall not be altered without the consent in writing of the Kiwi Shareholder.

  • With respect to the KSO the MIT’s terms of reference were broad:Whether the Kiwi Share Obligations are the best means of meeting the Government’s objective for residential telephone consumers and facilitating the ongoing delivery of telecommunications services, and if not what alternative arrangements should be put in place (MIT, 2000a, p.

  • Following extensive consultation with stakeholders, the MIT’s final report identified two core regulatory issues: interconnection access to Telecom’s PSTN and the Telecom’s Kiwi Share Obligation [KSO].3 In identifying international interconnection pricing methodologies, the MIT recommended cost-plus total service long run incremental costing [TSLRIC] with the establishment of an independent regulator to determine final prices.

  • Industry contribution to any net costs • Telecom and other firms connected to Telecom’s fixed network will contribute to any net operating costs of the Kiwi Share obligations.

  • The Kiwi Share also requires Telecom to originate local calls from residences without charge and therefore prevents Telecom from recovering call-related costs for residential local calls.…Having regard to these factors … it would appear that the Kiwi Share price limitation creates, or is likely to create, an access deficit for only a small proportion of residential users … In acquiring Telecom when it was privatised, shareholders accepted this contingent liability, and subsequent purchasers have also.


More Definitions of Kiwi Share

Kiwi Share means the one special rights convertible preference share referred to in clause3.2 which has the rights specified in clause 3.5;
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Related to Kiwi Share

  • Company Share means one share of common stock of the Company, $0.01 par value per share.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Sale Share means a Share which is sold or disposed of in accordance with this Schedule.

  • car-share means the practice where a number of people share the use of one or more cars that are owned by a profit or non-profit car-sharing organization and where such organization may require that use of cars to be reserved in advance, charge fees based on time and/or kilometres driven, and set membership requirements of the car-sharing organization, including the payment of a membership fee that may or may not be refundable;

  • Per Share Stock Consideration has the meaning set forth in Section 3.01(a)(i).

  • equity share means any share of any class of shares of a company carrying voting rights under all circumstances and any share of any class of shares carrying voting rights by reason of the occurrence of any contingency that has occurred and is continuing; (“action participante”)

  • Unit Share means a Common Share comprising part of each Unit;

  • Per Share Consideration means (i) if the consideration paid to holders of the Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Common Stock Consideration has the meaning set forth in Section 1.6(b).

  • Per Share Cash Consideration has the meaning set forth in Section 3.01(a)(ii).

  • Common Share means one share of the common stock of the Company.

  • Aggregate Stock Consideration means a number of shares of Acquiror Common Stock equal to the quotient obtained by dividing (i) (x) the Base Purchase Price less (y) the Aggregate Cash Consideration, by (ii) $10.00.

  • Per Share Merger Consideration has the meaning set forth in Section 3.1(a).

  • Free Share means, in respect of a Fund, each C share of the Fund, other than a Commission Share (including, without limitation, any C share issued in connection with the reinvestment of dividends or capital gains).

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Stock Consideration has the meaning set forth in Section 2.01(c).

  • Target Share means any share of the Common Stock, no par value per share, of the Target.

  • Common Share Price means the volume weighted average per share trading price of the Common Shares on the TSX for the 10 consecutive Trading Day period ending on the Trading Day immediately before the occurrence of a Trigger Event, or if the Common Shares are not then listed on the TSX, the principal stock exchange on which the Common Shares are then listed or quoted (being the stock exchange with the greatest volume of trading in the Common Shares during the previous six months), or if such shares are not listed or quoted on any stock exchange, or if no such trading prices are available, the Floor Price.

  • Public Share means a Class A Share issued as part of the units (as described in the Articles) issued in the IPO.

  • Ordinary Share means a Class A Ordinary Share or a Class B Ordinary Share;

  • Time share means a right to occupy a unit or any of several units during 5 or more separated time periods over a period of at least 5 years, including renewal options, whether or not coupled with an estate or interest in a common interest community or a specified portion thereof.

  • Capital Share means a share of any class or series of stock of the General Partner now or hereafter authorized other than a REIT Share.

  • Initial Share Price for a Share means the Closing Price on the Exchange (or where such Exchange does not announce or publish a Closing Price, the last traded price, or, if necessary, the mid-market price) for that Share on the Initial Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

  • Per Share Value means the average value of the consideration to be received in respect of each outstanding Common Share pursuant to the Qualifying Transaction as determined by mutual agreement of the Independent Directors (as defined in Section 2(b)(i) below) and the holders of a majority in interest of all outstanding warrants to purchase Common Shares containing this provision, or, if they shall fail to agree, by an Investment Bank.

  • Per Share Price shall have the meaning set forth in Section 2.1.