Examples of Reduction Court Order in a sentence
On the subsequent registration of the Preference Reduction Court Order by the Registrar of Companies, any A Preference Shares and any B Preference Shares will be cancelled and holders of A Preference Shares will receive New Lloyds TSB Preference Shares and holders of B Preference Shares will receive cash.
It is expected that Admission will become effective and that dealings, for normal settlement, will commence at 8.00 a.m. on the Business Day after the Effective Date which, subject to the sanction of the Preference Scheme and the associated reductions of capital by the Court, the delivery of the Preference Court Orders and registration of the Preference Reduction Court Order by the Registrar of Companies and the satisfaction (or waiver) of the Conditions, is expected to be on 19 January 2009.
In the event that C Shares are issued pursuant to the terms of the Scheme but the Capital Reductions are not confirmed by the Court at the Second Court Hearing or the Reduction Court Order is not delivered to (or, if the Court so orders at the Second Court Hearing, registered with) the Registrar of Companies within 20 Business Days following the issue of the C Shares (or at such other time as the directors may determine), each C Share shall immediately thereupon be reclassified as a Deferred Share.
The Scheme will become effective in accordance with its terms on delivery of the Reduction Court Order to the Registrar of Companies.Upon the Scheme becoming effective, it will be binding on all Rexam Shareholders, irrespective of whether or not they attended or voted at the Meetings and the consideration due under the Offer will be despatched by Bidco to Scheme Shareholders no later than 14 days after the Effective Date.
It will also depend on whether the Court Order(s) sanctioning the Scheme and confirming the Capital Reduction and, in relation to the Capital Reduction, the Statement of Capital are delivered to the Registrar of Companies, and if required by the Court, when the Reduction Court Order is registered.
The Scheme will become effective in accordance with its terms on delivery of the Scheme Court Order, the Reduction Court Order and the minute of the Capital Reduction attached thereto to the Registrar of Companies, and, in relation to the Capital Reduction, the Reduction Court Order and attached minute being filed with and registered by the Registrar of Companies.
Section 2 of this New Scheme is subject to the subsequent confirmation by the Court of the Reduction of Capital and accordingly may not become effective until a copy of the Reduction Court Order and related Statement of Capital have been delivered to and, if the Court so orders for the Reduction of Capital to take effect, registered by the Registrar of Companies.
The HBM Reduction of Capital will become effective upon the registration with the Registrar of Companies in England and Wales of the Reduction Court Order and the relevant minute, which is expected to occur on October 21, 2003.
The Scheme will only become effective once an office copy of the Scheme Court Order, an officecopy of the Reduction Court Order and the Statement of Capital are delivered to the Registrar of Companies.
The Capital Reductions will become effective on the delivery of the Reduction Court Order to (or, if the Court requires, registration of the Reduction Court Order with) the Registrar of Companies.