Restrictive Conditions definition

Restrictive Conditions means the restrictive conditions applicable to the Company (as contemplated in section 15(2)(b) of the Companies Act) details of which are more fully set out in clause 5 of this MOI;

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Restrictive Conditions means the restrictive conditions applicable to FundCo and/or Sasol Khanyisa (as contemplated in section 15(2)(b) of the Companies Act) details of which are more fully set out in the memoranda of incorporation of each of FundCo and Sasol Khanyisa;

Restrictive Conditions means the restrictive conditions set out in clause 5 of this MOI;

Examples of Restrictive Conditions in a sentence

• In particular, but without derogating from the generality of the foregoing, the PURCHASER agrees that he will not object to any application made by or on behalf of the DEVELOPER, its nominee or agent for special usage consent, licences for shopping, commercial, filling station rights, rezoning, removal of conditions of title under the Removal of Restrictive Conditions Act or by way of an application to Court or to any local or other competent authority in respect of any property within the RESORT.

• In particular, but without derogating from the generality of the aforegoing, the Purchaser agrees that he will not object to any application made by or on behalf of the developer for special usage consent, licences for shopping, commercial, rezoning, removal of conditions of title under the Removal of Restrictive Conditions Act or by way of an application to Court or to any local or other competent authority in respect of any property within the development.

• For the avoidance of doubt, nothing contained herein shall prohibit the Employee, during the Restricted Period, from being employed by a private equity firm or holding a direct or indirect investment in any company so long as, in connection with such employment or investment, the Employee does not provide services that would violate the Restrictive Conditions to any person, business or entity which competes with the Company’s Business.

• The Borrowers shall not take any action that would impair the Lender’s security interest in the Collateral Shares or the Lender’s ability to exercise remedies against such Collateral Shares (including by agreeing to any Transfer Restrictions or Restrictive Conditions on the Collateral Shares).

• In particular, but without derogating from the generality of the foregoing, the PURCHASER agrees that he will not object to any application made by or on behalf of the SELLER, its nominee or agent for special usage consent, licenses for shopping, commercial, filling station rights, rezoning, removal of conditions of title under the Removal of Restrictive Conditions Act or by way of an application to Court to any local or other competent authority in respect of any property within the SIBAYA PRECINCT.

• In particular, but without derogating from the generality of the foregoing, the PURCHASER agrees that he will not object to any application made by or on behalf of the SELLER, its nominee or agent for special usage consent, licenses for shopping, commercial, filling station rights, rezoning, removal of conditions of title under the Removal of Restrictive Conditions Act or by way of an application to Court to any local or other competent authority in respect of any property within the DEVELOPMENT.

• Borrower shall not take any action that would impair any Applicable Lender’s security interest in the Collateral Shares, or its ability to exercise remedies against the Collateral Shares (including without limitation by imposing any Transfer Restrictions or Restrictive Conditions on the Collateral Shares or entering into any shareholders’ agreement or a lock-up agreement other than a Permitted Lock-Up Agreement).

• On and after the Funding Date, Borrower shall not take any action that would impair any Applicable Lender’s security interest in the Collateral Shares or its ability to exercise remedies against such Collateral Shares (including without limitation by imposing any Transfer Restrictions or Restrictive Conditions on the Collateral Shares other than Existing Transfer Restrictions or Existing Restrictive Conditions).

• In particular, but without derogating from the generality of the foregoing, the PURCHASER agrees that he will not object to any application made by or on behalf of the SELLER, its nominee or agent for special usage consent, licences for shopping, commercial or filling station rights, rezoning, removal of conditions of title under the Removal of Restrictive Conditions Act or by way of any application to Court or to any local or other competent authority in respect of any PROPERTY within the POINT PRECINCT.

• Borrower shall not take any action that would impair any Applicable Lender’s security interest in the Collateral Shares or its ability to exercise remedies against such Collateral Shares (including without limitation by imposing any Transfer Restrictions or Restrictive Conditions on the Collateral Shares, or entering into any shareholders’ agreement).

More Definitions of Restrictive Conditions

Restrictive Conditions means limitations, requirements or conditions that would, individually or in the aggregate, reasonably be expected to (i) impair or interfere with the ability of Buyer and its Affiliates (including the Companies) to conduct their respective businesses, taken as a whole, or the Business after the Closing Date substantially in the manner as conducted by Buyer and such Affiliates, or the Companies and the Sellers, as of the date hereof, (ii) result in the sale, lease, license, disposal or holding separate (x) by Buyer of the Shares, the Units, the Surplus Notes or the Associated Assets or (y) by Buyer or any of its Affiliates (including the Companies) of any of their material assets, rights, product lines, licenses, categories of assets or businesses or other operations or interests therein, (iii) materially and adversely affect the benefits, taken as a whole, that either party would otherwise receive from the transactions contemplated by this Agreement and the Ancillary Agreements (it being agreed that a requirement to redomesticate Homeland to New York shall not be deemed to materially and adversely affect the benefits, taken as a whole, that Buyer would otherwise receive from the transactions contemplated by this Agreement and the Ancillary Agreements) or (iv) with respect to Sellers, require Sellers to cause the Acquired Companies Statutory Capital as of the Closing Date, after giving effect to the Pro Forma Adjustments, to be greater than the Maximum Statutory Capital Amount, unless Buyer determines, in its sole discretion, to adjust the Estimated Adjusted Book Value and the Final Adjusted Book Value to account for such excess.

Restrictive Conditions means (i) any shareholders agreement, voting agreement, investors rights agreement, lock-up agreement or any similar agreement relating to Shares, and (ii) any restriction, condition or requirement (whether or not under any law, rule, regulation regulatory order or organization documents or contracts) relating to Shares a holder thereof (whether beneficial, constructive or otherwise) or any pledgee thereof would be subject to, including without limitation, any registration requirement, ownership limitation, reporting or informational requirement or mandatory redemption or transfer (other than as set forth in the Issuer’s organization documents or by operation of law, rule or regulation in each case as of the date hereof).

Restrictive Conditions means (a) with respect to the ▇▇▇▇ Group Companies, any terms and conditions (including, for avoidance of doubt, any terms and conditions required by CFIUS for Completion of the CFIUS Process and any conditions and mitigation measures imposed by U.S. Federal Trade Commission and U.S. Department of Justice or other relevant Governmental Entity under applicable Antitrust Laws) that would have a material adverse effect on the economic benefits expected by the ▇▇▇▇ Group Companies in connection with the Transactions, and (b) with respect to any Person, any such terms and conditions that would have a material adverse effect on the ability of that Person or its Subsidiaries or Affiliates to continue to conduct their respective businesses following the Closing substantially in the manner conducted in the 12-month period prior to the date hereof. For purpose of this definition, the Affiliates of eLMTree shall include NetDragon. For avoidance of doubt, any transfer, assignment, or joinder of the Existing Mitigation Agreement by any of the other eLMTree Parties or ▇▇▇▇ Group Companies shall not be a Restrictive Condition.

Restrictive Conditions means (a) with respect to the GEHI Group Companies, any terms and conditions (including, for avoidance of doubt, any terms and conditions required by CFIUS for Completion of the CFIUS Process and any conditions and mitigation measures imposed by U.S. Federal Trade Commission and U.S. Department of Justice or other relevant Governmental Entity under applicable Antitrust Laws) that would have a material adverse effect on the economic benefits expected by the GEHI Group Companies in connection with the Transactions, and (b) with respect to any Person, any such terms and conditions that would have a material adverse effect on the ability of that Person or its Subsidiaries or Affiliates to continue to conduct their respective businesses following the Closing substantially in the manner conducted in the 12-month period prior to the date hereof. For purpose of this definition, the Affiliates of eLMTree shall include NetDragon. For avoidance of doubt, any transfer, assignment, or joinder of the Existing Mitigation Agreement by any of the other eLMTree Parties or GEHI Group Companies shall not be a Restrictive Condition.

Restrictive Conditions means a condition of recognition that has the effect of limiting the statutory assurance engagements that a member is qualified to undertake.