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 Common Shares 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 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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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

  • Detailed assessment has identified that the visual containment of the southern part of site 11 and the northern part of site 12, as identified in the UFAs (LUC 2014 and 15), would support a higher density of development than suggested in the UFAs. This could be achieved on a similar footprint to that suggested in the UFA with buildings up to 3 storeys.

  • Although the Stated Capital Reduction Resolution would permit the reduction of capital payable in cash, determining to proceed with any such action will involve a careful review of the Corporation’s financial position and liquidity requirements, and a number of other considerations.

  • Serve as role models by complying with their commitments under the Manila Declaration.

  • The Stated Capital Reduction Resolution must be approved by not less than two-thirds (½) of the votes cast by Common Shareholders present in person or represented by proxy at the Meeting.

  • The approach taken in these reforms may vary considerably among States as the design and features of a15 At its twenty-ninth session, the Working Group agreed to standardize the phrase describing the main relevant public authorities in business registration throughout the legislative guide and to make reference to an integrated application form with those authorities in the definition of “one- stop shop” (para.

  • The persons named in the applicable enclosed form of proxy intend to vote FOR the Stated Capital Reduction Resolution unless the shareholder specifies otherwise.

  • Our board of directors also unanimously recommends that the Common Shareholders vote FOR the Stated Capital Reduction Resolution.

  • Approval Sought For the reasons indicated above, the Board believes that the proposed reduction of stated capital of the Company is in the best interests of the Company and the GreenFirst Shareholders, and accordingly, the Board unanimously recommends that GreenFirst Shareholders vote FOR the Stated Capital Reduction Resolution.

  • Each of the Stated Capital Reduction Resolution and the Non-Voting Share Amendment Resolution requires the affirmative vote of not less than two-thirds of the votes cast at the Meeting, in person or by proxy, by Common Shareholders entitled to vote in respect thereof.

  • The Common Shares will be entitled to vote on any matter which may come before the Meeting, including, for greater certainty, the Transaction Resolution, the Stated Capital Reduction Resolution and the Non-Voting Share Amendment Resolution.


More Definitions of Stated Capital Reduction Resolution

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.
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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 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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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);

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • 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);

  • Peer review means evaluation of professional services rendered by a professional practitioner.

  • 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.

  • Required Capital Amount means $5,000,000.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • 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.

  • Appraisal Reduction Event With respect to any Serviced Loan, the earliest of (i) the date on which such Serviced Loan becomes a Modified Asset, (ii) the date on which such Serviced Loan is 60 days or more delinquent in respect of any Monthly Payment, which does not include a Balloon Payment, (iii) solely in the case of a delinquent Balloon Payment, (A) the date occurring 60 days after the date on which such Balloon Payment was due (except as described in the immediately following clause (B)) or (B) if the related Mortgagor has delivered to the Master Servicer (who shall promptly deliver a copy thereof to the Special Servicer) or the Special Servicer (who shall promptly deliver a copy thereof to the Master Servicer) a refinancing commitment acceptable to the Special Servicer prior to the date 60 days after the Balloon Payment was due, the date occurring 120 days after the date on which the Balloon Payment was due (or such shorter period beyond the date on which that Balloon Payment was due during which the refinancing is scheduled to occur), (iv) the date on which the related Mortgaged Property has become an REO Property, (v) a receiver or similar official is appointed and continues for 60 days in such capacity in respect of the related Mortgaged Property, (vi) 60 days after the related Mortgagor is subject to a bankruptcy, insolvency or similar proceedings, which, in the case of an involuntary bankruptcy, insolvency or similar proceeding, is not dismissed within those 60 days, or (vii) the date on which such Serviced Loan remains outstanding five (5) years following any extension of its maturity date pursuant to Section 3.24 of this Agreement. If an Appraisal Reduction Event occurs with respect to any Serviced Mortgage Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Companion Loan(s). If an Appraisal Reduction Event occurs with respect to any Serviced Companion Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Mortgage Loan and any other Serviced Companion Loan(s) included as part of that Serviced Loan Combination. No Appraisal Reduction Event may occur at any time when the aggregate Certificate Balance of all Classes of Principal Balance Certificates (other than the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-AB Certificates) has been reduced to zero. The Special Servicer shall notify the Master Servicer and the Master Servicer shall notify the Special Servicer, as applicable, promptly upon the occurrence of any of the foregoing events.

  • Supervisory Committee means the Comisión Fiscalizadora of the Company.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 116;

  • Senior Reduction Amount With respect to any Payment Date is either:

  • 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;

  • Class Y Principal Reduction Amounts For any Distribution Date, the amounts by which the Class Principal Balances of the Class Y-1 and Class Y-2 Regular Interests, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as described in Appendix 1.

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;

  • FX Reduction Amount is defined in Section 2.1.3.

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

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

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Committed Capital means $20,837,637.00 for 14,129,250 Class A Capital Units to be issued with respect to Members receiving Class A Capital Units in the Reorganization, and, with respect to any additional Members, the purchase price of the Capital Units subscribed for in any subsequent offering pursuant to a subscription agreement that has been accepted by the Company, regardless of whether such purchase price has been fully paid.

  • Aggregate Reduction has the meaning specified in Section 1.3.