Proportionate Entitlement means in respect of an AHG Shareholder, an amount equal to its percentage holding of all of the Voting Shares in issue.
Proportionate Entitlement means in respect of an AHG Shareholder, an amount equal to its percentage holding of all of the Voting Shares in issue. “Proposed Sale” has the meaning given in Clause 14.1.
Proportionate Entitlement means in relation to any Holder, the proportion as nearly as may be (without involving fractions of Shares) which the aggregate nominal value of the ordinary shares held by that Holder, bears to the aggregate nominal value of all the issued ordinary shares.
Examples of Proportionate Entitlement in a sentence
Accordingly, we do not express an opinion on the effectiveness of the Commonwealth’s internal control.
Subject to Clause 9.6 and without prejudice to any statutory pre-emption rights under the Act, if the Company proposes to allot and issue new Securities (“ New Securities”), each AHG Shareholder is entitled but not obliged to subscribe for its Proportionate Entitlement to such New Securities.
In cases where the precipitating event or activity, and its immediate consequences, were of a moderate or minor significance, and where there is only x-ray evidence and nothing else showing a moderate or advanced pre-existing condition or disease, Proportionate Entitlement should not be applied.
If the Emergency Funding AHG Shareholders have advanced Emergency Funding pursuant to Clause 6.3 above (and not in accordance with the procedure for the issuance of New Securities specified in Clause 9), the other AHG Shareholders for a period of twenty (20) Business Days after the provision of such Emergency Funding shall have the right to fund its Proportionate Entitlement of such Emergency Funding (the “ Catch-Up Right).
One alternative is to require that each Other Shareholder cannot purchase less than its Proportionate Entitlement.
More Definitions of Proportionate Entitlement
Proportionate Entitlement has the meaning given in clause 23.1(a);
Proportionate Entitlement has the meaning given to it in paragraph 1.1 of schedule 4 (Secretary of State Transfers);
Proportionate Entitlement means, in the case of each Shareholder, such percentage as equates to the total number of Shares held by such Shareholder on a fully diluted basis as a percentage of the total number of Shares then in issue on a fully diluted basis save that, if the expression “Proportionate Entitlement” is used in the context of some (but not all) of the Shareholders, it shall mean such percentage as equates to the total number of Shares held by such Shareholder on a fully diluted basis as a percentage of the total number of Shares held by the Shareholders to whom the context refers on a fully diluted basis;
Proportionate Entitlement has the meaning given to it in Article 17.3 (Transfer Notice); proxy notice has the meaning given to it in Model Article 38 (Content of Proxy Notices) applied by Article 51 (Voting at General Meetings - Model Articles);
Proportionate Entitlement means with respect to a subject Shareholder, the percentage obtained by dividing: (i) the number of Shares of the relevant Class of Shares held of record by such subject Shareholder at the time of such calculation adjusted to give pro-forma effect to the subscription of Shares pursuant to the BCI Option; by (ii) the Total Shares from which Total Shares are deducted the Shares held by the Selling Shareholder at the time of the calculation adjusted to give pro-forma effect to the subscription of Shares pursuant to the BCI Option; provided that, solely for the purposes of this definition, until such time as the Allocable Shares are allocated between WorldTel and Holdco pursuant to the Trust Agreement, the Allocable Shares shall be deemed to be held (i) by Holdco, if (x) Holdco is not a Selling Shareholder and (y) Holdco elects to exercise its Right of First Offer in full with respect to the percentage interest represented by such Allocable Shares, (ii) by WorldTel, if (xx) either one of the conditions set forth in (x) or (y) above is not met, and (yy) WorldTel is not a Selling Shareholder, or (iii) if neither (i) nor (ii) applies, by the Corporation (in effect, as if the Allocable Shares were not outstanding); and provided, further, that upon each exercise of a Right of First Offer which requires the calculation of a Shareholder's Proportionate Entitlement (a) unless it is a Selling Shareholder, each of Holdco and WorldTel shall indicate, in its Purchase Notice, its preferred position (i) if it were deemed to hold the Allocable Shares, (ii) if the other Shareholder (excluding BCI) were deemed to hold the Allocable Shares, and (iii) if the Allocable Shares were deemed to belong to the Corporation; (b) unless it is a Selling Shareholder, BCI shall indicate, in its Purchase Notice required for the exercise of its Right of First Offer, its preferred position (i) if either Holdco or WorldTel were deemed to hold the Allocable Shares, and (ii) if the Allocable Shares were deemed to belong to the Corporation; and (c) with respect to each Shareholder, the preferred position indicated in its Purchase Notice that is consistent with the actual deemed status of the Allocable Shares shall be the one used and shall be binding upon such Shareholder;
Proportionate Entitlement means with respect to a subject shareholder, the percentage obtained by dividing: (i) the number of shares of the relevant class of shares held of record by such subject shareholder at the time of such calculation; by (ii) the Total Shares from which Total Shares are deducted the shares held by the Selling Shareholder at the time of the calculation; provided that, solely for the purposes of this definition, until such time as the Allocable Shares are allocated between the Initial Holder of Series C Shares and the Initial Holder of Series A Shares pursuant to the Trust Agreement, the Allocable Shares shall be deemed to be held (i) by the Initial Holder of Series A Shares, if (x) the Initial
Proportionate Entitlement means in respect of an Ordinary Shareholder, an amount equal to its percentage holding of all of the Ordinary Shares in issue;