Capital Reduction Resolution definition

Capital Reduction Resolution means the resolution of Members approving the reduction of capital of Strata in accordance with the provisions of Section 256C(1) of the Corporations Act pursuant to which the Shares shall be cancelled without any distribution of assets to the holders thereof;

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Capital Reduction Resolution means the resolution approving a return of capital distribution to the holders of our class A exchangeable shares and our class B shares and corresponding reductions to the authorized and issued share capital of the company in the amount necessary to permit the Special Distribution to be effected as a reduction of capital, as more particularly described in the Circular, the full text of which is set out in Appendix “A” – “Resolutions to be Approved at the Meeting” to the accompanying Circular;

Capital Reduction Resolution means the resolution that holders of Brookfield Reinsurance Class A Shares and Brookfield Reinsurance Class B Shares will be asked to consider and, if deemed advisable, pass at the Brookfield Reinsurance Meeting approving a

Examples of Capital Reduction Resolution in a sentence

• In the Proxy Statement, to the extent that such recommendations are consistent with the fiduciary obligations of the Board of Directors of the Company and to the extent permitted by applicable laws, including the Companies Acts 1963-1990 of Ireland, the Company's Board of Directors shall state that it recommends that the Company's shareholders approve the Scheme and the Capital Reduction Resolution.

• Notwithstanding that the Capital Reduction Resolution has been passed by shareholders of the Company, the directors of the Company are hereby authorized and empowered without further approval of any shareholders of the Company to revoke this special resolution and not proceed with the Capital Reduction at any time prior to the Effective Time (as defined in the Arrangement Agreement).

• At the Meeting, Shareholders will be asked to consider the Stated Capital Reduction Resolution and the Share Consolidation Resolution in the forms set forth in Appendix A and Appendix B, respectively, to this proxy statement.

• The Court Meeting Approval referred to in Section 5.1 hereof shall have been obtained and the Capital Reduction Resolution shall have been adopted by the shareholders of the Company at the Extraordinary Meeting.

• On the Capital Reduction Implementation Date, Cerro is required under the Share Scheme to reduce its capital in accordance with the Capital Reduction Resolution.

• General Meeting the general meeting of Cerro Shareholders to be held immediately before the Scheme Meetings at which the Capital Reduction Resolution (and any other resolutions as required) will be considered.

• See Appendix A to this proxy statement for the full text of the Stated Capital Reduction Resolution.

• If an appointment directs the way the proxy is to vote on the Capital Reduction Resolution: – if the proxy is the chair – the proxy must vote on the poll and must vote in the way directed; and – if the proxy is not the chair – the proxy need not vote on the poll, but if the proxy does so, the proxy must vote in the way directed.

• Capital Reduction Resolution means the resolution of SMX Shareholders to approve the Capital Reduction in the form approved by ▇▇▇▇▇▇▇▇▇ in writing.

• The Stated Capital Reduction Resolution, the full text of which is set forth in Appendix A, must be approved by a majority of not less than two-thirds of the votes cast by Shareholders, voting together as a single class, present in person or represented by proxy at the Meeting.

More Definitions of Capital Reduction Resolution

Capital Reduction Resolution means the resolution of SMX Shareholders to approve the Capital Reduction in the form approved by Lionheart in writing;

Capital Reduction Resolution means a special resolution of the Lake Shore Shareholders reducing its stated capital attributable to the Lake Shore Shares by an amount that is not represented by realizable assets in accordance with Section 38 of the CBCA;

Capital Reduction Resolution means the special resolution to cancel the Euramax Shares, to be proposed at the Extraordinary General Meeting;

Capital Reduction Resolution means a special resolution of the Zazu Shareholders reducing its stated capital attributable to the Zazu Shares by an amount that is not represented by realizable assets in accordance with Section 38 of the CBCA;

Capital Reduction Resolution means the special resolution to be presented to the Trimble Shareholders at the Meeting to approve the Capital Reduction;