Structural Change definition

Structural Change means any re-domestication of the Company, share flip, creation of a holding company for the Company which will hold substantially all of the Shares of the Company or any other transaction involving the Company in which the Shares of the Company outstanding immediately prior to such transaction continue to represent, or are converted into or exchanged for shares that represent, immediately following such transaction, at least a majority, by voting power, of the share capital of the surviving, acquiring or resulting corporation;

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Structural Change. A merger or split or transfer of assets in consideration for shares as defined in Part E2 of the Income Tax Ordinance (New Version) and/or as defined in the Companies Law, 5759 – 1999 (or the provision of any law that is enacted in lieu of the above).

Structural Change means any change in the supporting members of a building such as bearing walls or partitions, columns, beams or girders, excepting such as may be required for the safety of the building.

Examples of Structural Change in a sentence

• The occurrence of any sale, conveyance, transfer or vesting or any Prohibited Structural Change that would result in the Loan becoming immediately due and payable at the Lender’s option under Section 13.

• Employment Grant Employees are not covered by the following Articles in this Collective Agreement and will qualify for legislated vacations and statutory holidays - Articles: 6-Seniority, 7-Job Posting and Job Awards, 9-Statutory Holidays, 10-Vacations, 11-Leaves of Absence, 13.03- Health and Safety Committee, 15-Technological, Organizational and Structural Change, 18-Group Benefits, 19-Pension, and 21-Paid Education Leave.

• Casual employees are not covered by the following Articles in this Collective Agreement and will qualify for legislated vacations and statutory holidays - Articles: 6- Seniority, 7-Job Posting and Job Awards, 9-Statutory Holidays, 10-Vacations, 11- Leaves of Absence, 13.03-Health and Safety Committee, 15-Technological, Organizational and Structural Change, 18-Group Benefits, 19-Pension and 21- Paid Education Leave.

• It is clarified that if the Board of Directors approves or gives a positive opinion in respect of a merger, voluntary dissolution or Structural Change, this will constitute grounds for presenting the Credit for immediate repayment.

• In the event that there shall occur a Fundamental Structural Change or a Significant Subsidiary Disposition (as defined in the Indenture), the holder of this Note shall have the right, subject to certain conditions stated in the Indenture, to present it for payment prior to maturity, and the Company will redeem the same (or any portion of the principal amount thereof which is $1,000 or an integral multiple thereof, as the holder shall specify).

More Definitions of Structural Change

Structural Change. - means, in respect of the Borrower and in respect of all of its guarantors, any merger or split (within the means of those terms in Part E 2 of the Income Tax Ordinance (New Wording) or in the Companies Law 5759-1999 or any legal provision that may replace any of them) and also transfer of assets in consideration of shares, all either in accordance with Part E 2 aforesaid or otherwise;

Structural Change means a substantial change in a supporting member of a building, such as a bearing wall or partition, column, beam, or girder, or in an exterior wall or the roof.

Structural Change means a material change in the organization, operation or financial reporting of the Timeshare Exchange Business that has an adverse effect on the interest of Seller in the Contingent Payments other than changes consistent with the historic practices of the Company.

Structural Change. – means with respect to the relevant legal entity or legal body any one of the following:

Structural Change means an amendment, waiver or variation of the terms of some or all of the Finance Documents that results in or is intended to result from or has the effect of changing or which relates to:

Structural Change shall have the meaning set forth in Section 11.1.

Structural Change to premises means any renovation, alteration or addition to the premises.