Whitewash Resolution definition

Whitewash Resolution means the whitewash resolution for the waiver of the rights of Independent Unitholders (as defined herein) to receive a mandatory offer from Cheung Kong and parties acting in concert with it for all the remaining Units not owned or controlled by Cheung Kong and parties acting in concert with it, in the event that they incur a mandatory bid obligation pursuant to the Singapore Code of Take-overs and Mergers, as a result of the Rights Units Acquisitions (as defined herein).
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Whitewash Resolution. Has the meaning ascribed to it in paragraph 2.6;
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Whitewash Resolution has the meaning given in the definition of “Al Noor Resolutions”.
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Examples of Whitewash Resolution in a sentence

  • The SIC has granted this waiver subject to, inter alia, the Whitewash Resolution being approved by Independent Unitholders at an EGM.

  • At no time shall the Portfolio Manager (and/or any persons deemed to be acting in concert with it for the purposes of the Takeover Code) be obliged, in the absence of a relevant Whitewash Resolution having been passed, to receive further Shares where to do so would trigger a requirement to make a mandatory offer pursuant to Rule 9 of the Takeover Code.

  • The Company will appoint an independent financial adviser to the independent directors of the Company in connection with the Whitewash Resolution.

  • To be passed, the Whitewash Resolution will require a simple majority of the votes cast by the Independent Shareholders.

  • Having approved the Whitewash Resolution on 27 November 2015, Shareholders could be foregoing an opportunity to receive a general offer from another person who may be discouraged from making a general offer in view of the potential dilution effect of the Warrants.

  • The Independent Directors have considered the rationale of the IFA and concurred with the advice of the IFA in relation to the Whitewash Resolution.

  • The Acquisition is therefore also subject to the approval of the Whitewash Resolution by the Independent Shareholders.

  • Only the person(s) whose name(s) appear in the circular to shareholders on the Whitewash Resolution as the offeror can avail himself of the Whitewash waiver if the Whitewash Resolution is approved subject to the conditions at Section 2 above.

  • I would vote in favour of a Whitewash Resolution to waive the obligation for the Vendors to make a Rule 9 offer were one to be put to the Independent Shareholders of the Company at a general meeting.

  • Unitholders should note that the Acquisitions resolution and the Whitewash Resolution are subject to, and contingent upon, each other.


More Definitions of Whitewash Resolution

Whitewash Resolution means the ordinary resolution to approve the Panel’s waiver of Woodford’s obligation to make an offer under Rule 9 of the Takeover Code on completion of the Proposals, which is set out in Resolution 3 of the Notice of General Meeting in this document, and is required to be passed on a poll at the General Meeting by the Independent Shareholders;
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Whitewash Resolution means the approval of the Purchaser's independent shareholders at a general meeting, as set out in Clause 3.1(c)(ii).
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Whitewash Resolution means the resolution in relation to the Rule 9 Waiver set out in the notice of the General Meeting on pages 33 to 36 of this document.
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Whitewash Resolution means the shareholder resolution waiving any requirement for a rule 9 offer to be made by the Investor or its Associates pursuant to the City Code as a result of the acquisition of the Subscription Shares, such resolution to comply with the terms of Appendix 1 of the City Code.
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Related to Whitewash Resolution

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

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

  • Arrangement Resolution means the special resolution approving the Plan of Arrangement to be considered at the Company Meeting, substantially in the form of Schedule B.

  • 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.

  • Supplemental Resolution means any resolution or resolutions of the Trust amending, modifying or supplementing this Bond Resolution, authorizing the issuance of a Series of Refunding Bonds, or any other Supplemental Resolution adopted by the Trust pursuant to the provisions of this Bond 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.

  • resolution plan means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II;

  • U.S. Special Resolution Regime means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

  • U.S. Special Resolution Regimes has the meaning specified in Section 11.21.

  • Resolution shall have the meaning specified in Section 8(E).

  • Special Resolution Regime means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

  • resolution action means the decision to place an institution or entity referred to in point (b), (c) or (d) of Article 1(1) under resolution pursuant to Article 32 or 33, the application of a resolution tool, or the exercise of one or more resolution powers;

  • Resolution of Directors means either:

  • Amalgamation Resolution means the special resolution of the Shareholders concerning the Amalgamation to be considered at the Meeting, substantially in the form set out in Appendix A to the Circular;

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

  • 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.

  • Informal resolution means options for resolving a formal complaint that do not involve a full investigation and adjudication. Informal resolution may encompass a broad range of conflict resolution strategies, including mediation or restorative justice.

  • Authorizing Resolution means a resolution adopted by the Board of Directors or by an Officer or committee of Officers pursuant to Board delegation authorizing a Series of Securities.

  • Relevant UK Resolution Authority means any authority with the ability to exercise a UK Bail-in Power.

  • UK Resolution Authority means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

  • Bond Resolution means the resolution to be adopted by the Governing Body prescribing the terms and details of the Bonds and making covenants with respect thereto.

  • Resolution date means the date the funded amount, plus the

  • Resolutions shall have the meaning set forth in Section 7.5.

  • resolution power means a power referred to in Articles 63 to 72;

  • Ordinary Resolution means a resolution passed by a simple majority of the Members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting, and includes a unanimous written resolution. In computing the majority when a poll is demanded regard shall be had to the number of votes to which each Member is entitled by the Articles.

  • Resolution Time means 1:00 p.m. New York time on the Local Business Day following the date on which the notice of the dispute is given under Paragraph 5.