Disposal of Shares. 33.4.1 SANParks will, notwithstanding the provisions of Clause 33, approve any sale of shares or other beneficial interest in the Private Party and permit that the Shareholders or beneficiaries sell any such shares or beneficial interest where such change does not bring about a Change in Control and provided that:
Disposal of Shares. 18.5.1 SANParks will, notwithstanding the provisions of Clause 18 and subject to the provisions of Clause 11, approve any sale of shares or other beneficial interest in the Private Party and permit that the Shareholders or beneficiaries sell any such shares or beneficial interest provided that:
Disposal of Shares. If Employee shall dispose of any of the shares of Stock acquired upon exercise of the Option within two (2) years from the date the Option was granted or within one (1) year after the date of exercise of the Option, then, in order to provide the Company with the opportunity to claim the benefit of any income tax deduction, Employee shall promptly notify the Company of the dates of acquisition and disposition of such shares, the number of shares so disposed of, and the consideration, if any, received for such shares.
Disposal of Shares. UNLESS ALREADY BELOW TEN PERCENT (10%), the Executive will prepare a plan to dispose of such number of shares of the capital stock of the Company owned by the Executive as is necessary to reduce the Executive's ownership of all of the capital stock of the Company to less than ten percent (10%) of all outstanding shares of the capital stock of the Company, on a fully diluted basis, during the 24 month period ending on June 30, 1998. For purposes of this Separation Agreement, the term "fully diluted basis" means all outstanding shares together with all shares issuable upon the conversion of all securities convertible (at that time) into the voting securities of the Company and the exercise of all vested and currently exercisable (at that time) outstanding warrants, options or other rights to purchase shares of voting securities of the Company.
Disposal of Shares. 32.5.1 SANParks will, notwithstanding the provisions of Clause 32, approve any sale of shares or other beneficial interest in the Private Party and permit that the Shareholders or beneficiaries sell any such shares or beneficial interest where such change does not bring about a change in control as understood in terms of the Companies Act 2008 (Act No. 71 of 2008) and provided that: the Private Party informs SANParks of its intention to sell or permit the sale of such shares or beneficial interest at least 30 (thirty) Business Days before such sale is scheduled to take place; the sale of such shares or beneficial interest does not alter the financial, BEE and technical capability of the Private Party to perform and assume the obligations of the Private Party in terms hereof.
Disposal of Shares. The disposal of CAM Shares by an Australian resident will generally give rise to a CGT event for Australian income tax purposes. Broadly, a capital gain should arise if the capital proceeds from the disposal of the Shares exceed the cost base of the Shares, while a capital loss should arise if the capital proceeds from the disposal of the Shares are less than the reduced cost base of the Shares.An individual, complying superannuation entity or trustee may be entitled to discount the amount of the capital gain (after application of any available capital losses) arising from the disposal of Shares if the Shares have been held for at least 12 months from the date of their acquisition for CGT purposes. The CGT discount percentage is 50% for individuals and trusts and 331/3% for complying superannuation entities. A resident corporate tax entity is not able to obtain the CGT discount.CAM Shareholders should seek their own independent advice regarding the taxation implications that may apply to them in respect of the CGT consequences associated with the disposal of their CAM Shares.5.3 Tax treatment of Notes for Australian tax residentsThe Notes should be classified as a “debt interest” for the purposes of the debt/equity rules in the 1997 Act and also as “traditional securities” for the purposes of sections 26BB and 70B of the 1936 Act.5.4 Notes(a) Interest Payable on Notes to Australian tax residentsAs the Notes should be classified as debt interests, distributions on the Notes should not be frankable. Australian resident Noteholders should include the interest on the Notes in their assessable income in the year of income in which the interest is derived by them.(b) Disposal of Notes prior to Conversion or Redemption by Australian tax residentsWhere a Noteholder disposes of a Note prior to the conversion or redemption of that Note, any gain over the Issue Price should be included in the Noteholder’s assessable income under Section 26BB of the Income Tax Assessment Act 1936 (1936 Act), even though the Notes may be held on capital account by the Noteholder. Noteholders will not be eligible for the CGT discount on any gains made in these circumstances.Where a Noteholder disposes of a Note prior to the conversion or redemption of that Note for less than its Issue Price, the loss should ordinarily be deductible under Section 70B of the 1936 Act. However, in certain circumstances set out in section 70B of the 1936 Act, a loss realised will not be deductible and will ...