BEE SPV definition

BEE SPV means Business Venture Investments No 1567 (Proprietary) Limited (RF), registration number 2011/115501/07;

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BEE SPV means Imbewu SPV 14 Proprietary Limited (registration number 2013/209910/07);

BEE SPV means Imbewu SPV 14 Proprietary Limited (Registration

Examples of BEE SPV in a sentence

• For this purpose, as soon as such event or circumstance comes to the knowledge of any director of BEE SPV, BEE SPV shall be deemed to have knowledge of the event or circumstance in question.

• The relevant BEE Shareholder shall ensure that no such change will be prejudicial to the Company and no such change will have a detrimental effect on the BEE status of the Company or of BEE SPV.

• The BEE Shareholders shall not at any time, subject to clause 18, without the prior written consent of the Company (which consent may be granted or withheld in the Company’s sole and absolute discretion), Dispose of all or any of its shares in or loan claims against BEE SPV.

• BEE SPV further acknowledges that any BEE Shares which are issued in certificated form may bear a legend to the foregoing effect.

• Each of the BEE Shareholders and BEE SPV warrants and represents that to the best of its knowledge as at the Signature Date, no director of BEE SPV and no employee of BEE SPV, or other person who will be involved in fulfilling the obligations of the BEE Shareholders and/or BEE SPV under the Transaction Documents is a Government Official, political party official or candidate, or a Close Family Member of such an official or candidate.

• BEE SPV acknowledges that for so long as it is a shareholder in the Company, BEE SPV will be exposed and have access to, and will learn of certain Confidential Information.

• If BEE SPV does not conclude the Disposal within 60 (sixty) days, then and in such event the provisions of this clause 7.4 shall again have to be complied with before any other Disposal may be effected.

• Accordingly the Interest shall be paid by BEE SPV to NET1 on the last business day of each Interest Period.

• The BEE Shareholders shall not at any time, from the Signature Date up to and including the date on which BEE SPV becomes a shareholder in the Company, and then thereafter for so long as BEE SPV is a shareholder in the Company, without the prior written consent of the Company (which consent may be granted or withheld in their sole and absolute discretion), Dispose of or Encumber all or any of its shares in or loan claims against BEE SPV.

• BEE SPV acknowledges that it may be required to comply with notice and other relevant provisions of the U.S. ▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Antitrust Improvements Act of 1976, as amended (the "HSR Act") prior to exercise of the Option and agrees that it will comply with the applicable requirements of the HSR Act prior to any exercise of the Option.

More Definitions of BEE SPV

BEE SPV means a special purpose vehicle created with the specific objective of facilitating a black economic empowerment transaction;

BEE SPV means Blyvoor Empowerment Partners (RF) Proprietary Limited (Registration No. 2017/205319/07), a private limited liability company duly registered and incorporated in accordance with the laws of South Africa;

BEE SPV means a special purpose entity created with the specific objective of facilitating a black economic empowerment transaction.

BEE SPV means Business Venture Investments No 1567 (Proprietary) Limited (RF), registration number 2011/115501/07, a limited liability, private, ring-fenced company, duly incorporated in accordance with the laws of the Republic of South Africa;