Share Surplus definition

Share Surplus means the net assets of the Company (including, for the avoidance of doubt, any income and/or revenue arising from or relating to such assets) less the Company’s liabilities (including the fees and expenses of a liquidation or return of capital, as the case may be) less the D Share Surplus;

Share Surplus means the net assets of the Company less the C Share Surplus;

Share Surplus means the net assets of the Company less the C Share Surplus. Issues of C Shares 11.3 Subject to the Companies Law and in accordance with these Articles, the directors shall be authorised to issue C Shares on such terms as they determine provided that such terms are consistent with this Article 11 (Terms, Rights and conversion mechanics of C Shares ). 11.4 Each tranche of C Shares, if in issue at the same time, shall be deemed to be a separate class of shares. The directors may, if they so decide, designate each tranche of C Shares in such manner as they see fit in order that each tranche of C Shares can be identified.Dividend and pari passu ranking of C Shares, New Ordinary Shares and Deferred Shares 11.5 The holders of C Share(s) shall be entitled to receive, and participate in, any dividends declared only insofar as such dividend is attributed, at the sole discretion of the directors, to the C Share Surplus. 11.6 If any dividend is declared after the issue of C Shares and prior to Conversion, the holders of ordinary shares shall be entitled to receive and participate in such dividend only insofar as such dividend is not attributed, at the sole discretion of the directors, to the C Share Surplus. 11.7 Subject as provided in the following sentence, the New Ordinary Shares shall rank in full for all dividends and other distributions declared, made or paid after the Conversion Time and otherwise pari passu with ordinary shares in issue at the Conversion Time. For the avoidance of doubt, New Ordinary Shares shall not be entitled to any dividends or distributions which are declared prior to the Conversion Time but made or paid after the Conversion Time. 11.8 The Deferred Shares (to the extent that any are in issue and extant) shall not entitle the holders thereof to any dividend or any other right as the holders thereof to share in the profits (save as set out in Articles 11.9 and 11.10) of the Company. Rights as to capital 11.9 In the event that there are C Shares in issue on a winding up or a return of capital, the capital and assets of the Company available to holders shall, on such a winding up or a return of capital (otherwise than on a purchase or redemption by the Company of any of its shares), be applied as follows:

Examples of Share Surplus in a sentence

• If any dividend is declared after the issue of C Shares and prior to Conversion, the holders of Ordinary Shares shall be entitled to receive and participate in such dividend only insofar as such dividend is not attributed, at the sole discretion of the Directors, to the C Share Surplus.

• If any dividend is declared after the issue of any tranche of C Shares and prior to the Conversion of that tranche, the holders of Shares shall be entitled to receive and participate in such dividend only insofar as such dividend is not attributed, at the sole discretion of the Directors, to the C Share Surplus of the relevant tranche of C Shares.

• The capital and assets of the Company (less any assets attributable to the Set Aside Fund) shall on a winding up or on a return of capital shall be applied as follows:(i) the Ordinary Share Surplus shall be divided amongst the holders of the Ordinary Shares pro rata according to their holdings of Ordinary Shares; and(ii) the FWT Surplus shall be divided amongst the holders of the FWT Shares pro rata according to their holdings of FWT Shares.

• The capital and assets of the Company shall on a winding up or on a return of capital prior, in each case, to Conversion be applied as follows:a) first, the Share Surplus shall be divided amongst the holders of the Ordinary Shares pro rata according to their holdings of Ordinary Shares; andb) secondly, the C Share Surplus attributable to each tranche of C Shares shall be divided amongst the holders of the C Shares of such tranche pro rata according to their holdings of C Shares.

• The holders of C Shares shall be entitled to receive, and participate in, any dividends declared only insofar as such dividend is attributed, at the sole discretion of the Directors, to the C Share Surplus.

• Correspondent Share Surplus means the net assets of the Company attributable to the Correspondent Shares (as determined by the Directors) at the date of winding up or other return of capital.

• Dividends and Pari Passu Ranking of C Shares and New Shares The holders of C Share(s) of a tranche shall be entitled to receive, and participate in, any dividends declared only insofar as such dividend is attributed, at the sole discretion of the Directors, to the C Share Surplus of that tranche.

• Theproposed Housing Element presents a broader more generalized view of demographic changes in Ashland over time, and where needed, specific data has been replaced with references to technical supporting documents that are updated on a more regular basis.

• If any dividend is declared after the issue of any tranche of C Shares and prior to the Conversion of that tranche, the holders of Ordinary Shares shall be entitled to receive and participate in such dividend only insofar as such dividend is not attributed, at the sole discretion of the Directors, to the C Share Surplus of the relevant tranche of C Shares.

• The methods used are Quota Share, Surplus, Excess of loss, and Stop Loss.

More Definitions of Share Surplus

Share Surplus means the net assets of the Company attributable to the Shares;

Share Surplus means the net assets of the Company less the C Share Surplus or, if there is more than one tranche of C Shares in issue at the relevant time, the C Share Surpluses attributable to each of such tranches.

Share Surplus means the sum of Share Premium and Distributable Profits;

Share Surplus means the net assets of the Company less the aggregate of all C Share Surpluses;

Share Surplus means the net assets of the Company less the C Share Surplus; “Valuation Date” means the business day immediately preceding the Redemption Date.References to the Independent Accountants certifying any matter shall be construed to mean certification of their opinion as to such matter, whether qualified or not. For the purposes of this paragraph 5.3, other than in paragraph 5.3(vii) below, assets or investments attributable to the C Shares of a particular tranche or the Shareholders of C Shares of a particular tranche shall mean the net cash proceeds (after all expenses relating thereto) as invested in or represented by investments or cash or other assets from time to time. For the purposes of paragraph (A) of the definition of Calculation Time and the definition of Force Majeure Circumstances in relation to any tranche of C Shares, the assets attributable to the C Shares of that tranche shall be treated as having been “invested” if they have been expended by or on behalf of the Company in the acquisition or making of an investment (whether by subscription or purchase) or if an obligation to make such payment has arisen or crystallised (in each case unconditionally or subject only to the satisfaction of normal pre- issue conditions) in relation to which the consideration amount has been determined or is capable of being determined by operation of an agreed contractual mechanic.

Share Surplus means the sum of Share P remium and D istributable Profits;