Significant Action definition

Significant Action means, with respect to any Designated Entity, any of the following:

Significant Action means (a) an Exchange action or Rule change which addresses an "emergency" as defined in CFTC Regulation 40.1(h); or (b) any change in Exchange performance bond levels that is designed to respond to extraordinary market conditions such as an actual or attempted corner, squeeze, congestion or undue concentration of positions, or that otherwise is likely to have a substantial effect on prices in any contract traded or cleared at the Exchange.

Significant Action has the meaning set forth in Section 4.01.

Examples of Significant Action in a sentence

• Any Anticipated Significant Action (other than a Specified Required Action) identified in a Notice of Action which is proposed to occur outside of a Hydro Operating Zone shall be subject to Section 7.3.4 above.

• If Grantor intends to undertake an Anticipated Significant Action not identified in an Annual Work Plan, Grantor shall notify Grantee (a "Notice of Action"), and include the information required by Section 7.3.1 above.

• If Grantor intends to undertake an Anticipated Significant Action not identified in an Annual Work Plan, Grantor shall notify Grantee (a "Notice of Action"), and include theinformation required by Section 7.3.1 above.

• This requirement does not apply to members who choose to abstain from deliberations and voting on the subject Significant Action.

• Board members who abstain from voting on a Significant Action as defined in Rule 234 shall not be counted in determining whether such action was approved by a majority vote, but such members can be counted for the purpose of determining whether a quorum exists.

More Definitions of Significant Action

Significant Action means a “significant action” as defined by Section 1.69(a)(8) of the Commission Regulations.

Significant Action has the meaning set forth in Section 4.01(d) hereof. Section 1.121 “Significant Action Request Notice” has the meaning set forth in Section 4.01(e) hereof.

Significant Action shall have the meaning set forth in Section ------------------ 4.01(b).

Significant Action will be defined to include (a) any merger, consolidation, sale, lease or other conveyance of assets of the Company or its subsidiaries with a fair market value in excess of $25 million or any purchase, lease or other acquisition of assets (including securities of another person) with a fair market value or purchase price in excess of $25 million by the Company or its subsidiaries; (b) (i) any issuance of preferred securities by the Company, (ii) any issuance of equity securities by the Company (other than in connection with the Approved IPO or in connection with a previously approved management incentive plan) with a fair market value in excess of $20 million in any 12 month period, (iii) any

Significant Action has the meaning ascribed to such term in Section 4.1.

Significant Action has the meaning ascribed to such term in Section 4.1. “Subordinate Voting Shares” means the Subordinate Voting Shares of the Corporation, as contemplated under the Articles. “TELUS” has the meaning ascribed to such term in the recitals. “TELUS Group” means, collectively, TELUS and any TELUS Permitted Holder that holds Shares from time to time. “TELUS Nominee” means a Director nominated by TELUS in accordance with this Agreement.

Significant Action means the filing of any action or proceeding under which an Enterprise or any portion thereof (including any portion of any Property) may be taken or encumbered pursuant to Polish law, including but not limited to condemnation (wywłaszczenie), merger and division of a Property (podział i scalenie nieruchomosci), enforcement proceedings (postępowanie egzekucyjne) or any other action or proceeding having similar result, that would be reasonably likely to result in a decrease of value of such Enterprise equal to ten percent (10%) or greater of the Price of the relevant Enterprise pursuant to a reasonable calculation of such value by a professional valuer chosen by the Parties.