Mandatory Corporate Action definition

Mandatory Corporate Action means any Corporate Action with non-elective mandatory events; and
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Mandatory Corporate Action means a bonus issue of Securities, subdivision or consolidation of Securities which is undertaken by an issuer on a stand alone basis or which is inter-conditional with each other;
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Mandatory Corporate Action means a Corporate Action which is not discretionary and affects all securityholders. Examples of Mandatory Corporate Actions include cash dividends, capital repayments, share splits, bonus issues, capital reconstructions, and compulsory acquisitions of securities.
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Examples of Mandatory Corporate Action in a sentence

  • The Mandatory Corporate Action will therefore be completed in accordance with information provided and or the notified default option.

  • Certain types of Assets may at some point be subject to either a Voluntary Corporate Action or a Mandatory Corporate Action.

  • However, we will send an email alert to you/your Financial Adviser to inform them once the Mandatory Corporate Action has completed.

  • Mandatory Corporate Actions Where Stocktrade determines that a Mandatory Corporate Action has been raised there will be no opportunity for you, your Financial Adviser and/or your appointed Discretionary Investment Manager to choose whether to participate in it.

  • Mandatory Corporate Action A Corporate Action initiated by the managers of the investment that an investor does not have to elect to act on in order for the action to take effect.

  • Corporate ActionMeans any event that effects the share capital, or unit capital, or holding structure of Investments and will be either a Voluntary Corporate Action or a Mandatory Corporate Action as determined by us.

  • However, we will send an email alert to your Financial Adviser to inform them once the Mandatory Corporate Action has completed.

  • Mandatory Corporate ActionsWhere the Embark Platform determines that a Mandatory Corporate Action has been raised there will be no opportunity for you, your Financial Adviser and/or your appointed Discretionary Investment Manager to choose whether to participate in it.

  • Retrieved March 5, 2012, from http://www.indonesiafinancetoday.com/read/7453/Bapepam-­‐LK-­‐Izinkan-­‐ Spin-­‐Off-­‐Aset-­‐Manajemen SHP, Demerger / Spin-­‐Off – Mandatory Corporate Action, 21 July 2009.

  • Ifthe Embark Platform decides to treat it as a Mandatory Corporate Action, there will be no opportunity for you to actively participate in it.


More Definitions of Mandatory Corporate Action

Mandatory Corporate Action means a corporate action event which is not elective and affects all shareholders of relevant International Securities.
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Related to Mandatory Corporate Action

  • Corporate Action means any subscription right, bonus issue, stock repurchase plan, redemption, exchange, calls, redemptions, tender offer, recapitalization, reorganization, conversions, consolidation, subdivision, takeover offer or similar matter with respect to a Financial Asset in the Securities Account that requires discretionary action by the holder, but does not include proxy voting.

  • Corporate Actions means warrant and option exercises, conversions, exchanges and other capital reorganizations, calls, odd lot tenders/credits, bonus rights, subscription offers/rights, puts, maturities of securities, redemptions, mergers, tender or exchange offers, and rights exercises and expirations. Corporate Actions do not include class actions.

  • Affirmative Action Plan means the Affirmative Action Plan for school and classroom practices adopted by the Board.

  • Subsidiary Corporation means any present or future “subsidiary corporation” of the Company, as defined in Section 424(f) of the Code.

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to Common Shares beneficially owned by Insiders who are Service Providers or their Associates;

  • Stockholder Approval means such approval as may be required by the applicable rules and regulations of the Nasdaq Stock Market (or any successor entity) from the stockholders of the Company with respect to issuance of all of the Warrants and the Warrant Shares upon the exercise thereof.

  • Company Shareholder Approval has the meaning set forth in Section 4.03(d).

  • Requisite Stockholder Approval has the meaning set forth in Section 3.2.

  • Canadian Defined Benefit Plan means a Canadian Pension Plan, which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the ITA.

  • Controlled Group of Corporations has the meaning set forth in Code Section 1563.

  • Company Stockholder Approval has the meaning set forth in Section 4.2(b).

  • Disinterested Directors means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company, or one or more members of the Board of Directors of a Parent, having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member’s holding Capital Stock of the Company or any Parent or any options, warrants or other rights in respect of such Capital Stock.

  • Requisite Shareholder Approval means the affirmative vote of a majority of the outstanding shares of the Company’s Voting Stock (voting together as a single class) and the affirmative vote of a majority of the outstanding shares of Common Stock (voting separately as a single class), in each case approving the amendment of the Company’s amended and restated articles of incorporation to increase the number of authorized shares of Common Stock to 150,000,000 shares.

  • State active duty means duty performed by a Montana National Guard member when a disaster is declared by the proper State authority and shall include the time period as certified by a licensed physician to recover from an Illness or Injury incurred while performing the state active duty.

  • Disinterested Director/Trustee means a Director/Trustee of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the Act.

  • Company Board Recommendation has the meaning set forth in Section 3.03(d).

  • Parent Shareholder Approval means the affirmative vote of the holders of a majority of the votes cast by holders of outstanding shares of Parent Stock on the proposal to approve the issuance of Parent Stock as provided in this Agreement at the Parent Special Meeting.

  • Eligible Voter means a legal voter who resides in the jurisdiction of the county,

  • Extraordinary Corporate Event means as to the Liquidity Provider, (i) the consolidation, amalgamation with, or merger with or into or the transfer of all or substantially all of the Liquidity Provider's assets to another entity, or (ii) the dissolution, for any reason, of the Liquidity Provider other than in connection with the consolidation, amalgamation with, or merger with or into another entity or the transfer of all or substantially all of the Liquidity Provider's assets; provided, however, that with respect to (i) above, an Extraordinary Corporate Event does not include any of the listed occurrences where (x) the surviving entity, or transferee of all or substantially all of the Liquidity Provider's assets, (a) assumes all of the obligations of the Liquidity Provider under the terms of the VRDP Shares Purchase Agreement and (b) has (i) short-term debt ratings in one of the two highest ratings categories from the Requisite NRSROs or (ii) such other short-term debt ratings, if any, as may be required for the VRDP Shares to satisfy the eligibility criteria under Rule 2a-7 under the 1940 Act and (y) the Liquidity Provider has provided notice in writing to the Corporation confirming the information described in (x) at least ten (10) days prior to the scheduled date of the applicable listed occurrence in (i) above.

  • Corrective Action Plan has the meaning set forth in Section II.A.2.

  • Required Shareholder Approval has the meaning in Section 2.20.

  • Existing source or existing discharger (in the NPDES program) means any source which is not a new source or new discharger.

  • Disinterested Director means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Parent Stockholder Approval means the approval of the Parent Common Stock Issuance by the affirmative vote of a majority of the votes cast at the Parent Stockholders Meeting in accordance with the rules and regulations of the NYSE and the Organizational Documents of Parent.

  • Authorized Share Approval means approval of the Amendment by the shareholders of the Company.