Schemes of Arrangement. (a) As soon as practicable after the date hereof and in accordance with this Agreement, Transocean will (i) issue a petition seeking the sanction of the Reclassification and cause application to be made to the Grand Court of the Cayman Islands (the “Court”) requesting the Court to summon such meetings of the holders of the ordinary shares of Transocean as the Court may direct, (ii) convene such meetings to obtain the approvals required under Section 86(2) of the Companies Law and, subject to such approvals being obtained, (iii) following the obtaining of the approval required under Section 86(2) of the Companies Law, issue a summons before the Court seeking the sanction of the Reclassification pursuant to Section 86 of the Companies Law and file such other documents as are required to be duly filed with the Court to effect the Reclassification. Transocean shall undertake to the Court that it shall issue and pay, subject to the provisions of this Agreement, at the Initial Effective Time, the Transocean Reclassification Consideration and, at the Effective Time, the GlobalSantaFe Merger Consideration. As soon as practicable following the satisfaction or waiver (subject to Applicable Laws) of the conditions set forth in this Agreement, at the Closing, Transocean shall cause the order of the Court sanctioning the Reclassification pursuant to Section 86 of the Companies Law and making such facilitating order as is appropriate pursuant to Section 87(2) of the Companies Law (the “Transocean Court Order”) to be filed with the Registrar of Companies of the Cayman Islands. The Reclassification shall become effective at the time of filing of the Transocean Court Order (the “Initial Effective Time”).
Schemes of Arrangement. The Grantor will procure that, while ---------------------- any Warrant remains exercisable, in whole or in part, there shall be no compromise or scheme of arrangement (within the meaning of Section 425 of the Companies Act) affecting the "D" Preference Share capital of the Grantor unless either:
Schemes of Arrangement. DEFINITIONS 23.1 A compromise or arrangement (collectively referred to in this clause 23 as "A COMPROMISE") may be proposed by the Manager or by not less than 50 or 10% in number, whichever is the less, of the Members. The proposal must be in writing (in this CLAUSE 23 referred to as "THE NOTICE").
Schemes of Arrangement. 19.1 If the unit trust is subject to a scheme of arrangement (for example, it is transferred to or merged with another unit trust), the holding will continue into the new unit trust unless we do not offer that new unit trust fund for Stakeholder CTF accounts. If this happens the Registered Contact will have to switch the holding to another collective investment scheme that we do offer for Stakeholder CTF accounts, or transfer the value of the account to another authorised CTF account manager or Junior ISA manager.
Schemes of Arrangement. (i) When a court sanctions a compromise or arrangement in connection with the acquisition of Shares, Options will be exercisable, subject to paragraph (ii) below for six months from the court sanction and will then lapse.
Schemes of Arrangement. The Vendors and the Group Companies have not entered into any scheme of arrangement, composition, assignment for the benefit of, or other arrangement with, its creditors or any class of creditors.
Schemes of Arrangement. The Purchaser has not entered into any scheme of arrangement, composition, assignment for the benefit of, or other arrangement with, its creditors or any class of creditors.
Schemes of Arrangement. Share Scheme
Schemes of Arrangement. 14.1 If an OEIC fund is subject to a scheme of arrangement (for example, it is transferred to or merged with another OEIC fund), the holding will continue into the new OEIC fund unless we do not offer such OEIC fund for investment through the account. If this happens you will have to switch the holding to another OEIC fund or other collective investment scheme that we offer for the account, or close the account.
Schemes of Arrangement. Xxxx Xxxx and Xxxx Xxxx Companies have not entered into any scheme of arrangement, composition, assignment for the benefit of, or other arrangement with its creditors or any class of creditors.
