Required Disposal definition

Required Disposal means in relation to any Relevant Shares a disposal or disposals of such shares or interests therein which will result in such shares ceasing to be Relevant Shares;

Required Disposal means a disposal or disposals of such a number of Relevant Shares (or interests therein) as will cause a Relevant Person to cease to be a Relevant Person, not being a disposal to another Relevant Person (other than a Permitted Person) or a disposal which constitutes any other person (other than a Permitted Person) a Relevant Person;

Required Disposal means the sale and transfer of Relevant Shares or of interests therein in such manner as may be required to cause such shares to cease to be Relevant Shares.

Examples of Required Disposal in a sentence

• If the Board is not satisfied that a Required Disposal has been made by the expiry of the 21 day period (as may be extended), no transfer of any of the Relevant Shares to which the notice relates may be made or registered other than a transfer made pursuant to Article 6B h) or unless such notice is withdrawn.

• If a notice served under paragraph (g) above has not been complied with in all respects to the satisfaction of the Directors and has not been withdrawn, the Directors shall, so far as they are able, make a Required Disposal without delay and shall give written notice of such disposal to those persons on whom such notice was served.

• The Relevant Person(s) and the registered holder(s) of the Shares disposed of shall be deemed to have irrevocably and unconditionally authorised the Directors to make such Required Disposal.

• The holder of the shares duly disposed of and all other persons interested in such shares shall be deemed irrevocably and unconditionally to have authorised the Board to make such Required Disposal.

• Such notice shall set out the restrictions referred to in paragraph (j) below and call for a Required Disposal to be made within twenty-one days of the service of such notice on the registered holder or such longer period as the Directors consider reasonable.

More Definitions of Required Disposal

Required Disposal means a disposal of such number and class of Relevant Shares as will cause a Relevant Person to cease to be a Relevant Person.

Required Disposal means, in relation to any Relevant Shares, a disposal or disposals of such number of Relevant Shares or interests therein as will cause the Relevant Person:

Required Disposal defined in the Relevant Article shall have the respective meanings herein as specified in such Article. References to the Company for purposes of this paragraph (20) and paragraph (21) only, shall mean the Company or the Directors, or both, as may be provided in the Articles or the Companies Xxx 0000 of Great Britain (or any statutory modification or re-enactment thereof, the "Companies Act").

Required Disposal means a transfer or other disposal or disposals of all Restricted Securities which transfer or other disposal is made to another person who, in the sole and conclusive determination of the Directors, is neither a Restricted Person nor other Non-Qualified Holder or which would cause any other person to become a Restricted Person or other Non-Qualified Holder; and

Required Disposal means a disposal or disposals of such a number of Relevant Shares or interests therein as will cause a Relevant Person to cease to be a Relevant Person, not being a disposal to another Relevant Person (other than a Permitted Person) or a disposal which constitutes any other person (other than a Permitted Person) a Relevant Person; and for the purposes of this Article 51, where the Directors resolve that they have made reasonable enquiries and that they are unable to determine:

Required Disposal. Section 3.1(b)

Required Disposal means a disposal or disposals of such a number of Relevant Shares or interests therein as will cause a Relevant Person to cease to be a Relevant Person, not being a disposal to another Relevant Person (other than a Permitted Person) or a disposal which constitutes any other person (other than a Permitted Person) a Relevant Person; and, for the purposes of this article, where the board resolves that it has made reasonable enquiries and that it is unable to determine: (i) whether or not a particular person has an interest in any particular shares comprised in Relevant Share Capital; or (ii) who is interested in any particular shares so comprised, the shares concerned shall be deemed to be Relevant Shares and all persons interested in them to be Relevant Persons. (4) Subject to the provisions of this paragraph, and without prejudice to article 44, the provisions of Part VI of the Original Act shall apply in relation to the Company as if those provisions extended to Additional Interests and accordingly, the rights and obligations arising under that Part shall apply in relation to the Company, its members and all persons interested in Relevant Share Capital, as extended by this paragraph; but so that there shall be entered in a register kept by the Company for that purpose all interests disclosed to the Company under this article which shall be separate and in addition to that register required by section 211 of the Act to be kept by the Company. The rights and obligations created by this paragraph in respect of interests in shares (including, but not limited to, Additional Interests) are in addition to and separate from those arising under Part VI of the Act. Sections 210(3) to (6), 211(10), 213(3) (so far as it relates to Section 211(10)), 214(5), 215(8), 216(1) to (4), 217(7), 218(3) and 219(3) and (4), 454, 455, 732 and 733 of the Original Act shall not apply in respect of Additional Interests. (5) If, to the knowledge of the board, any person other than a Permitted Person is or becomes a Relevant Person (including, without limitation, by virtue of being deemed to be one), the board shall give notice to all persons (other than persons referred to in paragraph (10) below) who appear to the board to have interests in the Relevant Shares and, if different, to the registered holders of those shares. The notice shall set out the restrictions referred to in paragraph (8) below and call for a Required Disposal to be made within 21 days of the giving of the notice ...