Share Block definition

Share Block. – means Kruger Park Lodge Share Block Limited.
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Share Block means a share or shares which is/are indivisibly linked to a Time Unit relating to the use of a lodge, as more fully contemplated in clause 5.4;
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Share Block means the share block comprising the shares in the COMPANY and registered in the name of the HOLDER, the acquisition and ownership of which by the HOLDER entitles him to the use of the Apartment.
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Examples of Share Block in a sentence

  • Notwithstanding anything to the contrary in this sub-article, no consent by the Directors shall be necessary for the transfer of any Shares held by the Share Block Developer.

  • The Company shall not fail to take steps to ensure the appointment of the Director or Directors referred to in article 17.5, and, notwithstanding anything to the contrary contained in any law, a Share Block Developer shall not be entitled to vote on a proposed resolution to remove, under the provision of article 18.1.8, any Directors so appointed.

  • Where a Share Block Company as defined by the Share Blocks Control Act 1980 (Act no.

  • In terms of the Share Block Control Act, 1980 (Act No. 59 of 1980), the company is the owner of all of the land and immovable property thereon.

  • The Share Block Developer shall, subject to the provisions of article 17.5 above, have the right to appoint the majority number of Directors of the Company for so long as he is the holder of any of the Company’s issued Shares.


More Definitions of Share Block

Share Block means either an "A" class share or a "B" class share, as the case may be, which is indivisibly linked to a right to or an interest in the use of a part of the Property, as more fully contemplated in clause 5.5;
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Share Block. The share block identified on the Offer to Purchase document, consisting of 10 (ten) shares of R1.00 each in the share capital of the Company and to which the Use Rights are linked pursuant to the Use Agreement and the Articles of Association of the company.
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Share Block. The Share Block identified in the Member’s Pack Certificate consisting of ten shares of R1.00 each in the share capital of the Company and to which the use of the Units is linked pursuant to the Articles of Association of the company.
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Share Block the Share Block as stipulated in Clause
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Share Block means the specific Share Block to which the Use of a Module is linked pursuant to this Accommodation Use Agreement;
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Share Block means a share block in Prince’s Grant Property ShareBlock Limited No. 91/03166/06 or its successor in title;
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Share Block means a share block:
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