Pelawan Trust definition

Pelawan Trust means the independent South African trust established in accordance with the Pelawan Trust Deed, the trustees of which are Deneys Reitz Trustees (Proprietary) Limited, Tumelo Motsisi and Harold Motaung;
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Pelawan Trust the trustees for the time being of the Pelawan Trust, established in accordance with the trust deed dated 2 September 2004 with Master’s reference number IT8411/2004;
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Pelawan Trust means the independent South African trust established in accordance with a trust deed dated September 2, 2004. Its trustees include Andre Visser, Tumelo Motsisi and Harold Motaung;
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Examples of Pelawan Trust in a sentence

  • These shares were then sold to Pelawan Trust on loan account for R463.2 million.

  • The Pelawan Trust holds 227,400,000 Atlatsa common shares following the conversion of the “B” preference shares on January 14, 2014.

  • The total number of shares held by the Pelawan Trust as at February 24, 2017 was 342.9 million and in total pledged to RPM.

  • This indirect holding reflects Harold Motaung’s holding of 7% of the ordinary shares in the issued and outstanding share capital of Pelawan, multiplied by the number of common shares of Anooraq (83 300 000) held by the Pelawan Trust.

  • Hydro-Massage Therapy EquipmentComments: The Master Bathroom did not have a Jetted Hot Tub.

  • These common shares are registered in the name of Pelawan Trust, which holds such common shares in trust for Pelawan.

  • During the conversion and the subsequent forward sale of the shares as per the Refinancing Plan; Pelawan SPV transferred 56,691,303 of its shareholdings in Atlatsa to the Pelawan Trust.

  • Through the Pelawan Trust shareholding combined as Atlatsa Holdings, Atlatsa currently has a BEE shareholding of 61.85% (based on the Atlatsa Holdings’ shareholding of common shares of the Company as at February 24, 2016) and, pursuant to the Pelawan Shareholders Agreement, the shareholding of the Pelawan Trust (or any other HDP, as defined in the Pelawan Agreements, participating in the trust) in the Company cannot be diluted to below the shareholding threshold of 51% required under South African law.

  • On January 29, 2014 RPM sold these 115.8 million common shares in the Company to Atlatsa Holdings in trust for the Pelawan Trust.111.6 million common shares in the Company were issued to Pelawan SPV pursuant to the Exchange Agreement and were subsequently transferred to Atlatsa Holdings in trust for the Pelawan Trust.

  • Indirect holdings being 44 of the 1,000 ordinary shares in the issued and outstanding share capital of Atlatsa Holdings, multiplied by the number of common shares of Atlatsa (342,896,438) held by Atlatsa Holdings in trust for the Pelawan Trust.


More Definitions of Pelawan Trust

Pelawan Trust means the trust to be established in accordance with the Pelawan Trust Deed, which shall have at least three trustees at least one of which is a corporate person;
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Pelawan Trust means the independent South African trust established in accordance with a trust deed dated September 2, 2004, the trustees of which are Andre Visser, Tumelo Motsisi (a director of the Company) and Harold Motaung (Chief Executive Officer and director of the Company);
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Pelawan Trust means the independent South African trust to be established in accordance with the Pelawan Trust Deed, with at least one trustee being a professional trust company and one trustee to be appointed by the SARB;
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Pelawan Trust means the Pelawan Trust, an inter vivos trust established under the laws of South Africa with Master’s Reference No. IT8411/2004.
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Related to Pelawan Trust

  • Sub-Trust has the meaning set forth in Section 3.01(b) of the Titling Trust Agreement.

  • Plan Trust means the trust governed by the Plan.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • Shares-in-Trust means any shares of Equity Stock designated Shares-in-Trust pursuant to Section (A)(3) of Article IX hereof.

  • Trust means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person; and

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Plan Trustee means the Person appointed pursuant to Article V of the Plan and the Plan Trust Agreement for the purpose of acting as Trustee of the Plan Trust in accordance with the terms and conditions contained in the Plan, the Plan Trust Agreement and the Confirmation Order.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • foreign trust or "foreign estate" as those terms are defined in Section 1445 of the Internal Revenue Code.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;

  • venture issuer means a reporting issuer that, as at the applicable time, did not have any of its securities listed or quoted on any of the Toronto Stock Exchange, a U.S. marketplace, or a marketplace outside of Canada and the United States of America other than the Alternative Investment Market of the London Stock Exchange or the PLUS markets operated by PLUS Markets Group plc; where the “applicable time” in respect of

  • Citigroup Trust means each of Citigroup Capital III, Citigroup Capital XIII and Citigroup Capital XVIII, each a Delaware statutory trust, or any other similar trust created for the purpose of issuing preferred securities in connection with the issuances of junior subordinated notes under the junior subordinated debt indentures or the junior junior subordinated debt indenture.

  • Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time, or any successor legislation.

  • Co-Trustee has the meaning set forth in the Basic Servicing Agreement.

  • Pass Through Trust means each of the two separate grantor trusts that have been created pursuant to the Pass Through Trust Agreements to facilitate certain of the transactions contemplated by the Operative Documents.

  • Grantor Trust means a Trust other than a RIC.

  • Supplemental Interest Trust The corpus of a trust created pursuant to Section 5.07 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Swap Account, the Interest Rate Cap Agreement, the Interest Rate Cap Account, the right to receive the Class X Distributable Amount as provided in Section 5.02(f)(vi), the Class LT4-I interest in REMIC 4 and the right to receive Class I Shortfalls.

  • Mauritius means the Republic of Mauritius and includes:

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.