Section 21 Company definition

Section 21 Company means an association not for gainincorporated under section 21 of the Companies Act; “Sector Code” means a code in series 003 which isapplicable to a particular sector; “Seller” means the Entity or the person concludinga Qualifying Transaction with the Associated Enterprise; “Senior Management” means an employee of the Measured Entity who is a member of the occupational category of ”Senior Management” as determined using the Employment Equityregulations; “Skills Development Expenditure” comprises the money that a MeasuredEntity spends on skills development. It excludes the skills development levy payable by the Measured Entity under theSkills Development Levies Act; “Socio-Economic DevelopmentContributions” means monetary or non-monetary contribution implemented for communities, natural persons or groups of natural persons where at least 75% of the beneficiaries are Black people. The objective of Socio-Economic Development Contributions is the promotion of sustainable access for the beneficiaries to the economy. Socio-Economic Development Contributions commonly take the following forms:(a) development programmes for women, youth, people with disabilities, peopleliving in rural areas;
Section 21 Company means an association not for gain incorporated under section 21 of the Companies Act and which, in accordance with the provisions of section 21 (1) of the Companies Act, is incorporated as a company limited by guarantee;
Section 21 Company. * means an association not for gain incorporated under section 21 of the Companies Act.

Examples of Section 21 Company in a sentence

  • In filling a vacancy in a clerical or office classification in the collective bargaining unit described in Section 2.1, Company shall observe the provisions of Section 18.6 or Section 18.8 and in so doing shall give effect to the above stated purpose and intent.

  • Without limiting the requirements of Section 2.1, Company shall at all times comply with all Environmental Laws with respect to the construction, operation, closure, and post-closure monitoring of the Landfill.

  • As to any fraction of a share which the Holder of one or more Warrants would otherwise be entitled to purchase upon such exercise, except as otherwise provided in Section 2.1, Company shall pay a cash adjustment in respect of such final fraction in an amount equal to the same fraction of the Current Market Price per share of Common Stock on the date of exercise.

  • Section 2.1 Company Formation; Effective Date......................................................2 Section 2.2 Name of Company........................................................................2 Section 2.3 Purposes and Business Objectives.......................................................2 Section 2.4 Statement of Philosophy and Values...................................................

  • Subject to limited transfer rights of Standalone Software offered in Section 2.1, Company may not assign all or any portion of this Agreement, whether by contract, operation of law or otherwise, to any person, including any Affiliate, without written approval from Trend Micro, which approval may be withheld or conditioned at the sole discretion of Trend Micro.

  • Notwithstanding Section 2.1, Company agrees, for itself and on behalf of its Affiliates, that it and they shall not Derive Mice, Mice Materials, Antibodies or Antibody Materials for any Third Party as a contractor or service provider of such Third Party.

  • Subject to limited transfer rights of Standalone Software offered in Section 2.1, Company may not assign all or any portion of this Agreement, whether by contract, operation of law or otherwise, to any person, including any Affiliate, without written approval from TXOne Networks, which approval may be withheld or conditioned at the sole discretion of TXOne Networks.

  • Section 2.1. Company and Corporate Guarantor hereby jointly and severally guarantee to Trustee for the benefit of the Owners from time to time of the Bonds (a) the full and prompt payment of the principal of and premium, if any, on any Bond when and as the same shall become due, whether at the stated maturity thereof, by acceleration, call for redemption, or otherwise, and (b) the full and prompt payment of any interest on any Bond when and as the same shall become due.

  • In addition to the equity issued to Gen-Probe pursuant to the Contribution Agreement, in partial consideration of the contribution of the Assets under the Contribution Agreement and the grant of the rights by Gen-Probe under Section 2.1, Company shall pay Gen-Probe royalties on Net Sales at the rates set forth on Schedule 3.1 under the heading “Total Gen-Probe Royalties” for Products for use on CUDA, Panther or Gen-Probe’s Tigris® instrument, as applicable.

  • All registered owners of property, including the developer, shall be members of the Homeowners’ Association (“the Association”), a Section 21 Company, more details of which are provided in Clause 11 of the attached Terms and Conditions.


More Definitions of Section 21 Company

Section 21 Company. – means the Non-Profit Company known as the South Coast Development Agency, or the Hibiscus Coast Development Agency (Pty) Ltd NPC, with registration number 2002/030541/09;
Section 21 Company means a company incorporated under section 21 of the Companies Act;