Share Reduction definition

Share Reduction shall have the meaning ascribed thereto in subclause 1.1(c)(ii)(A);

Share Reduction means an acquisition or redemption by the Corporation of Shares which, by reducing the number of Shares outstanding, increases the proportionate number of Shares Beneficially Owned by any Person to 20% or more of the Shares then outstanding;

Share Reduction means the proposed reduction of share capital of the Issuer by cancellation of shares in a simplified cancellation procedure by a total amount of EUR 381,394.00 through the redemption of 381,394 fully paid-up non-par value shares of the Issuer.

Examples of Share Reduction in a sentence

• The Reinsurer shall allow the Company a ceding commission of (or a proportionate share of such amount in the event of a Quota Share Reduction) per annum, to be taken as a deduction from the first monthly premium payment to the Reinsurer at the commencement of this Contract and at each annual anniversary thereof, to cover the Company's operational costs directly allocable to writing the business subject hereto.

• As such, at twelve (12) months after the Effective Date and for each month thereafter up to, but not including, the twenty-fourth (24th) month, the Limit of Liability shall also be reduced to the Remaining Limit of Liability at such date, after applying the reduction specified in this Article IV.(d) plus Aggregate Losses in excess of the Aggregate Retention as reduced by any applicable Quota Share Reduction.

• As such, at sixty (60) months after the Effective Date and for each month thereafter, the Limit of Liability shall also be reduced to the Remaining Limit of Liability at such date, after applying the reduction specified in this Article IV.(g) plus Aggregate Losses in excess of the Aggregate Retention as reduced by any applicable Quota Share Reduction.

• As such, at twenty-four (24) months after the Effective Date and for each month thereafter up to, but not including, the thirty-sixth (36th) month, the Limit of Liability shall also be reduced to the Remaining Limit of Liability at such date, after applying the reduction specified in this Article IV.(e) plus Aggregate Losses in excess of the Aggregate Retention as reduced by any applicable Quota Share Reduction.

• As such, at thirty-six (36) months after the Effective Date and for each month thereafter up to, but not including, the sixtieth (60th) month, the Limit of Liability shall also be reduced to the Remaining Limit of Liability at such date, after applying the reduction specified in this Article IV.(f) plus Aggregate Losses in excess of the Aggregate Retention as reduced by any applicable Quota Share Reduction.

More Definitions of Share Reduction

Share Reduction means an acquisition or redemption by the Corporation or a Subsidiary of the Corporation of Shares which, by reducing the number of Shares outstanding, increases the percentage of Shares Beneficially Owned by any Person to 20% or more of the Shares then outstanding.

Share Reduction shall have the meaning set forth in the definition of “Acquiring Person”;

Share Reduction means an acquisition or redemption by the Corporation of Voting Shares which, by reducing the number of Voting Shares outstanding, increases the proportionate number of Voting Shares Beneficially Owned by any Person to 20% or more of the Voting Shares then outstanding;

Share Reduction has the meaning ascribed thereto in subclause 1.1(a)(ii)(A);

Share Reduction means the reduction of the number of outstanding shares of Common Stock to be effected by the Company as promptly as practicable after the date of the original issuance of this Note.

Share Reduction shall have the meaning ascribed thereto in sub- clause 1.1(e)(ii)(a);

Share Reduction has the meaning ascribed to it in Section 2.4(b);