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 until 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 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.

  • 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) .

  • Computershare shall not be obliged to carry out any instruction that does not comply with this Agreement, the Amended Cash Contract the Amended New Cash Contract, the Issuer-Participants Contract, the requirements of FICA, the Securities Legislation or Computershare’s standard operating procedures, as the case may be.

  • Any person who acquire d or will acquire Sasol BEE Ordinary Shares on or after 8 September 2010 until the listing of the Sasol BEE Ordinary Shares on the JSE or implementation of the OTC alternative will be required to sign the New Cash Contract.

  • It is recognised by Sasol that it is not ideal that holders of Sasol BEE Ordinary Shares could be bound by different contracts namely the Cash Contract, the New Cash Contract, the Amended Cash Contract, the Amended New Cash Contract and the BEE Contract.

  • 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.

  • 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.

  • There is also a waiver of claims against any such persons by the Benefi cial Owner ;6.3 Sasol has the discretion in the Amended Cash Contract and the Amended New Cash Contract to determine whether or not a Black entity qualifi es for recognition under the Codes.

  • 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.

Related to New Cash Contract

  • Designated Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Issuer or one of its Restricted Subsidiaries 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, less the amount of 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.

  • 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.