Stated Capital Reduction Resolution definition

Stated Capital Reduction Resolution means the special resolution of the Shareholders approving the reduction of the stated capital account maintained for the New Common Shares or Common Shares, as applicable, by an amount that is equal to the amount of the deficit of Compton on the Effective Date.
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Stated Capital Reduction Resolution means the special resolution of the Shareholders approving the Stated Capital Reduction, the full text of which is attached as Appendix B to this Circular;
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Stated Capital Reduction Resolution means the special resolution of holders of Common Shares, the full text of which is set forth in Schedule “A” to this Circular, authorizing and approving the Stated Capital Reduction pursuant to Section 34(1)(b) of the OBCA.
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Examples of Stated Capital Reduction Resolution in a sentence

  • At the Meeting, Shareholders will be asked to consider the Stated Capital Reduction Resolution and the Share Consolidation Resolution in the forms set forth in Appendix A and Appendix B, respectively, to this proxy statement.

  • Impacts of future deforestation and climate change on the hydrology of the Amazon Basin: a multi-model analysis with a new set of land-cover change scenarios.

  • Notwithstanding the foregoing, the Stated Capital Reduction Resolution proposed for consideration by the Shareholders authorizes the Board, without further notice to or approval of Shareholders, to revoke the Stated Capital Reduction Resolution at any time prior to its being given effect.

  • See Appendix A to this proxy statement for the full text of the Stated Capital Reduction Resolution.

  • If the Stated Capital Reduction Resolution is approved by Shareholders at the Meeting, pursuant to the Return of Capital, holders of Restricted Voting Shares will receive an amount expected to be approximately $11.40 per Restricted Voting Share, subject to adjustment by the Board, in its sole discretion, resulting in an expected aggregate return of capital by the Company to holders of Restricted Voting Shares of approximately $1.2 billion.

  • Unless otherwise directed, the persons named in the accompanying form of proxy for the Meeting intend to vote FOR the Stated Capital Reduction Resolution set forth in Appendix A to this proxy statement.

  • As stated above, the Company does not propose to effect the Share Consolidation unless and until the Stated Capital Reduction Resolution has been approved by Shareholders and the Return of Capital has been paid to holders of Restricted Voting Shares.

  • The Stated Capital Reduction Resolution, the full text of which is set forth in Appendix A, must be approved by a majority of not less than two-thirds of the votes cast by Shareholders, voting together as a single class, present in person or represented by proxy at the Meeting.

  • To be effective, the Stated Capital Reduction Resolution must be approved by not less than two-thirds of the votes cast by shareholders present in person or represented by proxy at the Meeting.

  • Recommendation of the Board of Directors For the reasons indicated above, the Board of Directors believes that the proposed reduction of stated capital of the Company is in the best interests of the Company and its shareholders and, accordingly, recommends that shareholders vote in favour of the Stated Capital Reduction Resolution.


More Definitions of Stated Capital Reduction Resolution

Stated Capital Reduction Resolution means the special resolution of Common Shareholders in respect of a reduction of the stated capital of the Common Shares to an aggregate of no lower than$1,000,000 pursuant to subsection 38(1) of the CBCA to be considered at the Meeting, the full text of which is included as Appendix B to this Information Circular.
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Stated Capital Reduction Resolution means the special resolution of the Shareholders, the full text of which is set forth in Appendix A to this proxy statement, authorizing and approving the Stated Capital Reduction pursuant to Section 38(1) of the ABCA.
Sample 1
Stated Capital Reduction Resolution means the special resolution of the Common Shareholders substantially in the form attached hereto as Appendix E to approve the Stated Capital Reduction to be considered at the Meeting;
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Related to Stated Capital Reduction Resolution

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Solvency II Directive means Directive 2009/138/EC of the European Parliament and of the Council of the European Union of 25 November 2009 on the taking-up and pursuit of the business of insurance and reinsurance (Solvency II);

  • Legislative Leadership Committee means a committee established, authorized to be established, or designated by the President of the Senate, the Minority Leader of the Senate, the Speaker of the General Assembly, or the Minority Leader of the General Assembly pursuant to N.J.S.A. 19:44A-10.1 for the purpose of receiving contributions and making expenditures.

  • Technical Advisory Committee means a committee established under section 12;

  • State Budget Director means the individual appointed by the Governor pursuant to Section 321 of The Management and Budget Act, 1984 PA 431, MCL 18.1321.

  • Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.

  • Series Resolution means a resolution of the Corporation authorizing the issuance of a Series of Bonds in accordance with the terms and provisions of the General Trust Indenture, adopted by the Corporation in accordance with Section 204 of the General Trust Indenture.

  • unanimous resolution means, subject to subsection (3), a resolution-

  • Initial Resolution Period As defined in Section 2.03(b).

  • Chairman of the Board means the Chairman of the Board of the Corporation.

  • Supervisory Committee means an oversight committee elected at a general meeting;

  • Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997.

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 114;

  • Whole Board means the total number of authorized directors whether or not there exist any vacancies or unfilled seats in previously authorized directorships.

  • Targeted case management means services that assist a beneficiary to access needed 2 medical, educational, social, prevocational, vocational, rehabilitative, or other community services. The 3 service activities may include, but are not limited to, communication, coordination and referral;

  • Board of Director or “Board” means the Board of Directors of Omaxe Limited, as constituted from time to time.

  • Medical Advisory Committee means the Medical Advisory Committee established by the Board as required by the Public Hospitals Act;

  • Supervisory Review means ongoing clinical case reviews in accordance with procedures developed by ADMINISTRATOR, to determine the appropriateness of Diagnosis and treatment and to monitor compliance to the minimum ADMINISTRATOR and Medi-Cal charting standards. Supervisory review is conducted by the program/clinic director or designee.

  • Medical Review Officer (MRO means a licensed physician, employed with or contracted with the City, responsible for receiving laboratory results generated by the City's drug testing program who has knowledge of substance abuse disorders, laboratory testing procedures, and chain of custody collection procedures; who verifies positive, confirmed test results, and who has the necessary and appropriate medical training to interpret and evaluate an individual's confirmed positive test result together with his or her medical history and any other relevant biomedical information.

  • Supervisory Board means the Supervisory Board of the Company.

  • OPSI Advisory Committee means the committee established under Tariff, Attachment M, section III.G.

  • Certified Resolution means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification.

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • Compensation Committee means the Compensation Committee of the Board.

  • Audit Committee Financial Expert means a person who has the following attributes: