Notional Vendor Finance definition

Notional Vendor Finance means the notional vendor finance contemplated in the trust deed constituting the Sasol Khanyisa employee share ownership plan so as to enable the trustees of the trust to subscribe for SSA Ordinary Shares on the Effective Date;
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Notional Vendor Finance means the notional vendor finance provided by the Company to the Trust in connection with the subscription of the SSA Khanyisa Shares as a term of issue;
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Notional Vendor Finance means the notional vendor finance provided by the Company to the Trust in connection with the subscription of the SSA Khanyisa Shares as a term of issue;1.3.67. "Offer" means an offer contemplated in clause 21.1 or in clause 21.2, as the case may be;1.3.68. "Offer Affecting Khanyisa Tier 1" means one of the following offers should an Offeror give notice to the Sasol Board that it intends to propose a take­ over offer or scheme of arrangement as a result of which:1.3.68.1. the entire issued share capital of Sasol;1.3.68.2. only part of each Sasol shareholder's shares;1.3.68.3. the entire issued number of SOL Shares, but not the entire issued number of SOLBE1 Shares;1.3.68.4. the entire issued number of SOLBE1 Shares, but not the entire issued number of SOL Shares;1.3.68.5. a part only of the issued number of SOL Shares, but none of the SOLBE1 Shares;1.3.68.6. a part only of the issued number of SOLBE1 Shares, but none of the SOL Shares,will be acquired in consideration for cash and/or Consideration Assets and as a result will extend to the Khanyisa Tier 1 Participants as regards their SOL Shares, or SOLBE1 Shares, as the case may be;1.3.69. "Offeror" means a bona fide third party offerer making an offer contemplated in either clauses 12, 21 or 36; ​ ​
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Examples of Notional Vendor Finance in a sentence

  • The perennially popular Masters Level Coding Course will once again be organized by Bill Creevy and Karen Zupko & Associates, Inc.

  • As part of the implementation of the MTN Group BBBEE scheme, MTN Zakhele Futhi obtained Notional Vendor Finance (“NVF”) to facilitate the purchase of MTN Group shares.

  • Passengers are transported on designated streets or within a designated area as determined by the department for a fixed, negotiated, or tips-only rate.

  • Any balance of such dividend income earned on the MTN Shares held by MTNZF will generally then be used next to further offer to pay or provide for settlement of the third-party funding and/or be used to acquire additional MTN Shares and correspondingly reduce the Notional Vendor Finance.

  • The MTN Board has resolved to proceed with the implementation of the 2016 MTN BEE Transaction on the basis that MTN will (i) subscribe for MTN Zakhele Futhi Underwrite Shares to make up the equity shortfall (i.e. the difference between the equity actually raised pursuant to the MTN Zakhele Futhi Offer and the Target Equity Raise); and (ii) provide additional Notional Vendor Finance to MTN Zakhele Futhi to ensure that the required 4:1 Inception Total Share Cover Ratio is achieved.

  • MEMBERSHIPSSociety of Gastroenterology Nurses and Associates, 2003 – current.Sigma Theta Tau International Honor Society of Nursing, Xi Kappa Chapter, November, 2003.

  • Tangible net asset value per share is equal to the total equity attributable to ordinary shareholders minus the sum of Goodwill and Other intangible assets divided by the weighted average number of shares in issue.2. Earnings are reduced by the estimated transaction costs of R126 million and the impact of the IFRS 2 charges (Share-based payment - BEE expense) of R2,429 million in respect of:– the MTN Donation of R1,294 million and the Notional Vendor Finance of R983 million provided to BIC.

  • MTN will also be settled in respect of its outstanding Notional Vendor Finance by exercising its call option in accordance with the terms of the Existing MTN Tranche 1 Subscription and Call Option Agreement.

  • Any balance of such dividend income earned on the MTN Shares held by MTNZF will generally then be used next to offer to pay or provide for settlement of the third-party funding and/or be used to acquire additional MTN Shares and correspondingly reduce the Notional Vendor Finance.

  • As at the Last Practicable Date for the Circular the amount outstanding under each of the MTNZ Pref Shares and the Notional Vendor Finance was approximately R2 650 million and R640 million, respectively.

Related to Notional Vendor Finance

  • Original Lower-Tier Principal Amount With respect to any Class of Uncertificated Lower-Tier Interests, the initial Lower-Tier Principal Amount thereof as of the Closing Date, in each case as specified in the Introductory Statement.

  • Original Class A Non-PO Principal Balance The sum of the Original Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-R Certificates, as set forth in Section 11.06.

  • Original Class B-4 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-4 Fractional Interest is specified in Section 11.19.

  • Original Class Principal Balance means, with respect to any Class of Principal Balance Certificates, the initial Class Principal Balance thereof as of the Closing Date, in each case as specified in the Preliminary Statement.

  • Group III Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III, and (iii) the Group III Senior Liquidation Amount.

  • Class A Non-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan, and (y) the sum of:

  • Original Class B-6 Principal Balance The Class B-6 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-4 Principal Balance The Class B-4 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-5 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-5 Fractional Interest is specified in Section 11.20.

  • Class A-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum as to each Outstanding Mortgage Loan, of the product of (x) the PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Original Class B-2 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-3 Principal Balance, the Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-2 Fractional Interest is specified in Section 11.17.

  • Group 1 Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group 1 Senior Percentage of the Principal Payment Amount for Loan Group 1, (b) the Group 1 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 1 and (c) the Group 1 Senior Liquidation Amount.

  • Group II Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group II Senior Percentage of the Principal Payment Amount for Loan Group II, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group II, and (iii) the Group II Senior Liquidation Amount.

  • Group 2 Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group 2 Senior Percentage of the Principal Payment Amount for Loan Group 2, (b) the Group 2 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 2 and (c) the Group 2 Senior Liquidation Amount.

  • Original Class B-3 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-4 Principal Balance, the Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-3 Fractional Interest is specified in Section 11.18.

  • Notional Amount With respect to any Class or Subclass of Interest Only Certificates, an amount used as the principal basis for the calculation of any interest payment amount, as more specifically defined in the Series Supplement.

  • Original Class B-1 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-2 Principal Balance, the Original Class B-3 Principal Balance, the Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-1 Fractional Interest is specified in Section 11.16.

  • Interest Transfer Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month's interest on the applicable Principal Transfer Amount at the weighted average Certificate Interest Rate of the applicable Undercollateralized Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Notional Principal Amount For calculating interest payments, on each Class of outstanding Interest Only MAC Notes as of any Payment Date, an amount equal to the outstanding Class Principal Balance as of such Payment Date of the portion of the related Class of Class M Notes that was exchanged for such Interest Only MAC Note.

  • Original Class B-5 Principal Balance The Class B-5 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Group I Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.

  • Original Class A Percentage The Class A Percentage as of the Cut-Off Date, as set forth in Section 11.04.

  • Class B Note Initial Principal Balance means $17,980,000.

  • Class C Note Initial Principal Balance means $52,500,000.

  • Original Class B-1 Principal Balance The Class B-1 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-4 Percentage The Class B-4 Percentage as of the Cut-Off Date, as set forth in Section 11.11.