Examples of Second Court Order in a sentence
Office copies of the Court Orders must be delivered to the Registrar of Companies for registration (accompanied, in the case of the Second Court Order, by the Statement of Capital).
The provisions of this Scheme are subject to the Court confirming the Capital Reduction provided for by clause 1.1 and, accordingly, they cannot become effective and be implemented until a certified copy of the Second Court Order (together with the Statement of Capital) has been delivered to, and, if the Second Court Order so requires, registered by the Registrar of Companies.
The Proposals will only become fully effective on the Second Court Order and the Statement of Capital approved by the Court being delivered to the Registrar of Companies for registration and, if the Court so orders, being registered by the Registrar of Companies.
The Joint Liquidators are at liberty, per the Second Court Order, to return at a future date to apply for approval of their remuneration from 1 May 2017 to such future date.
The Scheme and the Capital Reduction will only become Effective after the delivery of a certified copy of the Second Court Order (together with the Statement of Capital) to the Registrar of Companies for registration and, in the case of the Capital Reduction, if the Court so orders for the Scheme to become Effective, the registration of the Second Court Order and the Statement of Capital by the Registrar of Companies.
If the Scheme Resolution is approved by the Requisite Majorities at the Scheme Meeting and all Conditions Precedent have been satisfied or waived (if applicable), iSelect will apply to the Court at the Second Court Hearing for the Second Court Order approving the Scheme.
It is important to note that some of these Conditions Precedent may not be satisfied even if the Scheme Resolution is approved by the Requisite Majorities (for example, the Court may refuse to grant the Second Court Order referred to in condition 3 below).
The Schemes become effective upon the lodgement of the Second Court Order with ASIC, which is to occur no later than the first Business Day after the date on which the Court makes that order.
The Joint Liquidators applied to Court on 8 June 2017 in relation to the aforementioned time costs and the Second Court Order approved the remuneration for the period 3 November 2016 to 30 April 2017 in the amount of GBP 738,208, disbursements of GBP 7,816 and that the Joint Liquidators be permitted to draw from the Company’s assets the further sum of GBP 388,208 plus disbursements (in addition to the on account payment noted above).
Subject to Section 2.7 (Conditions of the Merger) and section 2.9 (Bendigo Telco Shareholders’ approval), if the Merger is approved by the Requisite Majority of Vicwest Shareholders at the Scheme Meeting and the Amending Resolution by special resolution atthe Extraordinary General Meeting and all Conditions Precedent have been satisfied or waived (if applicable), Vicwest will apply to the Court at the Second Court Hearing for the Second Court Order approving the Scheme.