New Cash Contract definition

New Cash Contract means the contract prescribed by the Company concluded by a Registered Holder (who is also the Beneficial Owner) who acquired or acquires Sasol BEE Ordinary Shares from 8 September 2010 until the Designated Date;
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New Cash Contract means the contract concluded by any person who acquired SOLBE1 Shares at any time during the period from 8 September 2010 to 7 February 2011, being the date on which the SOLBE1 Shares were first listed on the JSE, from which date as Sasol had elected that the BEE Contract Verification Process would apply, purchasers were required to conclude the BEE Contract;
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New Cash Contract means the contract prescribed by the Company concluded b y a Registered
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Examples of New Cash Contract in a sentence

  • The Cash Contract or New Cash Contract, as the case may be, to which an Election Shareholder is a party shall remain unaffected by the making of an election by the Election Shareholder to retain his Sasol BEE Ordinary Shares in certificated form.

  • NEW ISSUES OF SASOL BEE ORDINARY SHARES If Sasol BEE Ordinary Shares are issued after the SOLBE1 Redesignation Date, each Registered Holder of such Sasol BEE Ordinary Shares is bound by the terms set forth in Schedule 6 as regards such new issues of Sasol BEE Ordinary Shares to the exclusion of any Cash Contract, New Cash Contract or BEE Contract which may have been signed by that Registered Holder, irrespective of whether they deal with new issues of Sasol BEE Ordinary Shares or not.

  • NEW ISSUES OF SASOL BEE ORDINARY SHARESIf Sasol BEE Ordinary Shares are issued after the SOLBE1 Redesignation Date, each Registered Holder of such Sasol BEE Ordinary Shares is bound by the terms set forth in Schedule 6 as regards such new issues of Sasol BEE Ordinary Shares to the exclusion of any Cash Contract, New Cash Contract or BEE Contract which may have been signed by that Registered Holder, irrespective of whether they deal with new issues of Sasol BEE Ordinary Shares or not.

  • Computershare will make the entry in the relevant account of the Client where the Securities are held.5.3 Computershare shall not be obliged to make any entry in a Securities Account unless it conforms to clause 1 0 of this Agreement, the Amended Cash Contract, the Amended New Cash Contract, and/or the Issuers-Participants Contract, as the case may be.5.4 Computershare shall not give effect to any instruction that will result in a debit balance in respect of any security held in a Securities Account.

  • Such activities when they are carried out in non-household enterprises are to be excluded from the purview of the farm business.

  • The JSE cannot accommodate19an Issuer specifi c BEE Contract which would have made it possible to align the BEE Contract with the Amended Cash Contract and the Amended New Cash Contract and minimise the difference between the contracts.The BEE Contract, a draft copy of which is attached as Appendix 6, is still being fi nalised (although it is not expected that any material changes will be made and it is anticipated that the BEE Contract will be fi nalised shortly) .

  • There are some differences between the Amended Cash Contract and the Amended New Cash Contract on the one hand and the BEE Contract on the other.

  • As is the case with the Cash Contract, Amended Cash Contract, the New Cash Contract and Amended New Cash Contract, the fundamental purpose of the BEE Contract is to ensure that BEE Securities will be benefi cially owned only by BEE Compliant Persons.

  • For this reason the JSE has prescribed that the BEE Contract is generic in form and suitable for use by any Issuer, not just Sasol.As is the case with the Amended Cash Contract and the Amended New Cash Contract, the fundamental thread running through the BEE Contract is the requirement that only BEE Compliant Persons should be or become the Benefi cial Owners of BEE Securities.

  • Due to the Bulk Dematerialisation, certain clauses in the Cash Contract and the New Cash Contract have to be amended so as to make provision for the fact that the Sasol BEE Ordinary Shares will be held in Dematerialised form, as the Cash Contract and the New Cash Contract currently only permit such shares to be held in certifi cated form.

Related to New Cash Contract

  • Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Borrower or a Subsidiary in connection with an Asset Sale less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Non-Cash Consideration.

  • Closing Cash Consideration has the meaning set forth in Section 2.6(b).

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Designated Non-Cash Consideration means the fair market value of non-cash consideration received by the Company or a Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation, executed by the principal financial officer of the Company, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Designated Non-cash Consideration.

  • Cash Consideration has the meaning set forth in Section 2.2.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Closing Cash Amount shall have the meaning set forth in Section 2.8(b).

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

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Non-cash compensation means any form of compensation that is not cash compensation, including, but not limited to, health insurance, office rent, office support and retirement benefits.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Non-Cash Compensation Expense means any non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based awards and similar incentive based compensation awards or arrangements.

  • Cash Component means the difference between the aggregate Net Asset Value of the Units comprising an Application Unit and the Application Basket Value.

  • Non-Cash Charges has the meaning specified in the definition of the term “Consolidated EBITDA”.

  • Designated Noncash Consideration means the Fair Market Value of noncash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Disposition that is so designated as Designated Noncash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation.

  • Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Closing Indebtedness means the aggregate amount of all Indebtedness of the Company and its Subsidiaries as of immediately prior, and without giving effect to, the Closing.