Examples of Scheme Court Order in a sentence
If reasonably required by Intact, Tryg will give an undertaking to HMRC (in the customary form) that it will pay its share of such UK stamp taxes for the purposes of obtaining confirmation from HMRC that the Scheme Court Order is not subject to UK stamp duty.
Following the Charter Court Meetings, the Scheme shall not become effective unless the Scheme is sanctioned by the Court (with or without modification but subject to any modification being on terms reasonably acceptable to Charter Court and OSB) and the Scheme Court Order is delivered to the Registrar of Companies for registration.
Under US federal securities laws, a Codemasters Shareholder who is an “affiliate” of Take-Two within 90 days prior to, or at any time following, the date upon which the Scheme Court Order is filed at Companies House will be subject to certain US transfer restrictions relating to the New Take-Two Shares received in connection with the Acquisition pursuant to a scheme of arrangement under the laws of England and Wales.
Once the necessary approvals from Charter Court Shareholders and OSB Shareholders have been obtained and the other Conditions have been satisfied or (where applicable) waived and the Scheme has been sanctioned by the Court, the Scheme will become effective upon delivery of the Scheme Court Order to the Registrar of Companies for registration.
The Scheme will only become effective once an office copy of the Scheme Court Order is delivered to the Registrar of Companies.