Sanction Hearing definition

Sanction Hearing means the hearing of the Court of the petition to sanction the Scheme pursuant to section 899 of the Act, including any adjournment thereof;

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Sanction Hearing means a Committee hearing to determine what sanction, if any, to adopt or to recommend to the House of Representatives.

Sanction Hearing the Court hearing to sanction the Scheme;

Examples of Sanction Hearing in a sentence

• In addition, the Offeree Remuneration Committee will determine the satisfaction of the relevant performance conditions on or shortly before the Court Sanction Hearing (the expectation being that such performance conditions will be determined to be satisfied in full).

• Pursuant to the terms of the Cooperation Agreement, Bidco has undertaken that it will deliver a notice in writing to H&T no later than 11.59 p.m. on the Business Day prior to the Court Sanction Hearing confirming either: (i) the satisfaction or waiver of all Conditions (other than Condition 2.3); or (ii) if permitted by the Panel, that it intends to invoke a Condition.

• In addition, the Offeree Remuneration Committee will determine the satisfaction of the relevant performance conditions on or shortly before the Court Sanction Hearing (the expectation being that such performance conditions will have been satisfied in full).

• The extent to which any unvested Outstanding Awards shall vest and become exercisable on the Court Sanction Hearing date will be determined by reference to (i) the application of any time pro-rating to reflect the early vesting as per the Offeree Share Plan rules; and (ii) the extent to which the applicable performance conditions have been satisfied during the relevant performance period.

• Any holding period which applies, or which would normally apply to the Offeree Shares acquired on the exercise of the Outstanding Awards shall lapse on or with effect from the date of the Court Sanction Hearing.

More Definitions of Sanction Hearing

Sanction Hearing means the hearing of the Sanction Motion;

Sanction Hearing means the hearing of the application at which Groupe Dynamite will seek the issuance of the Sanction Order;

Sanction Hearing the Court hearing to sanction the Scheme “Scheme” the proposed scheme of arrangement under Part 26 of the 2006 Act between St. Modwen and the holders of the Scheme Shares, with or subject to any modification, addition or condition approved or imposed by the Court and agreed by St. Modwen and Bidco “Scheme Document” the document to be sent to St. Modwen Shareholders and persons with information rights containing, amongst other things, the Scheme and notices of the Meetings and proxy forms in respect of the Meetings

Sanction Hearing means the Court hearing on the Debtors’ application for the Sanction Order;

Sanction Hearing means the Court hearing at which Rexam will seek an order sanctioning the Scheme, pursuant to Section 899 of the Act including any adjournment thereof;

Sanction Hearing means the hearing before the CCAA Court to consider sanction of the Canadian Plan.

Sanction Hearing means the final Court hearing seeking the sanction of the Scheme.