Scheme Condition definition
Examples of Scheme Condition in a sentence
Where Newco 1 is required to allot and issue Members’ Scheme Condition Shares and/or Warrants to the Existing Shareholders, the Existing Shareholders shall receive the Members’ Scheme Condition Shares and/or Warrants on the basis set out in the Members’ Scheme or otherwise determined by the Parent, provided that the overall quantum of Members’ Scheme Condition Shares and/or Warrants issued to the Existing Shareholders shall not be thereby increased.
The satisfaction of each condition in clauses 3.1(a) to 3.1(g) (inclusive) of this Scheme (Condition) is a condition precedent to the operation of this Scheme.
In circumstances where the Bidder confirms the satisfaction or waiver of all Conditions (other than the Scheme Condition) in accordance with clause 5.1, the Bidder agrees that TISE shall be permitted to take all necessary steps to procure that the Court Sanction Hearing is duly held as soon as reasonably practicable thereafter.
Pursuant to Note 2 to Rule 30.1 of the Takeovers Code, the Offeror may only invoke any or all of the Scheme Conditions as a basis for not proceeding with the Privatization Proposal if the circumstances which give rise to the right to invoke such Scheme Condition are of material significance to the Offeror in the context of the Privatization Proposal.
Accordingly, the Scheme Condition in relation to the MAS Restructuring Approval, as set out in paragraph 3.8(a)(i) of this Letter from the Board to the Shareholders, has been satisfied.
Where the Acquisition is being implemented by way of the Scheme (and to the extent that all Conditions (other than the Scheme Condition) have been satisfied or waived prior to or on the date of the Court Sanction Hearing), the Bidder shall undertake to the Court to be bound by the terms of the Scheme insofar as it relates to the Bidder (or instruct its counsel to so undertake on its behalf).
As at the Announcement Date and based on the information available to the Offeror and Yashili, in relation to Scheme Condition (e) above and assuming that all Scheme Pre- Conditions have been satisfied, save for Scheme Conditions (c) and (d) above and the application for the withdrawal of the listing of the Yashili Shares on the Stock Exchange upon the Scheme becoming effective, neither the Offeror nor Yashili is aware of any other Approvals which are required for the Privatization Proposal and the Scheme.
The Supplier shall be exempt from complying with the Cyber Essentials Scheme Condition required in this clause if the Supplier conforms IS27001 standard and has provided evidence of such compliance to the standard to the Authority.
Where the Supplier continues to Process Cyber Essentials Scheme Data during the Term or the period of the Contract the Supplier shall deliver to the University evidence of renewal of a valid Cyber Essentials Scheme Plus Certificate or Cyber Essential Scheme Plus certificate equivalent on each anniversary of the first applicable certificate obtained by the Supplier under Clause 23 (Cyber Essentials Scheme Condition).
Accordingly, the Scheme Condition in relation to the MAS Declaration, as set out in paragraph 3.8(a)(ii) of this Letter from the Board to the Shareholders, has been satisfied.