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 comprised of 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 Suite;
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Examples of Share Block in a sentence

  • The proceeds received by the Company from the said sale shall be applied firstly in reduction of any indebtedness of the Holder to the Company and thereafter to the person from whom the Holder acquired the Share Block, whilst any surplus shall be paid over to the Holder who shall nevertheless remain responsible for any deficiency.

  • The Purchaser hereby warrants that the only agent who introduced it to the Share Block is the agent as set out in clause 12 of Schedule 1 and the Purchaser hereby indemnifies and holds the Seller free and harmless from and against any claim which may be made by any other agent in respect of commission arising out of the sale of the Share Block, where such other agent claims to have actually introduced the Purchaser to the Share Block or the Seller in connection with the transaction herein set forth.

  • All amounts payable by the members to the company in terms of this Use Agreement shall be paid to the company, without deduction or set-off and free of exchange at :- Ngwenya 4 Share Block Limited c/o ▇▇▇▇ ▇▇▇▇ Attorneys at 26 Duiwe Laan, Sedgefield, 6573 or to such other person or company and at such other address as the company may from time to time notify the member.

  • Notwithstanding the foregoing, in the event that the Holder is the Developer the annual levies payable in respect of the Share Block shall be paid monthly in arrears commencing on the last day of the first month of the operational year and thereafter on the last day of each successive month.

  • The decision of the Company contemplated herein shall be determined by a resolution of at least seventy five percent (75%) in number of the members of the Company, excluding from such members the Share Block developer, having the right to vote at the relevant meeting and holding in the aggregate at least seventy five per cent of the total numbers of votes of all those members, but excluding from such number of votes the vote held by the Share Block developer.


More Definitions of Share Block

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 means the --- class share block No
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Share Block means SHARE BLOCK No…..in the COMPANY consisting of 6 (Six) shares in OLIFANTS RIVER GAME RESERVE SHARE BLOCK LIMITED.
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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 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 number of Shares in the Company (each Share Block being constituted by the Shares in the Company set out in the Schedule) which entitle the registered holder thereof to exercise Rights of Use in respect of that part of the Property identified in the Schedule;
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Share Block has the meaning given thereto in Section 6.2(a).
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