BEG Entity definition

BEG Entity means each of BEG and BEG(UK);
View Source

Examples of BEG Entity in a sentence

  • The Station Purchaser undertakes to the selling BEG Entity validly to intimate any such assignation to the third party under the Scottish Contract in question forthwith upon such assignation being entered into between the parties and at the same time to copy such intimation to the selling BEG Entity.

  • Except as otherwise provided in this Agreement, the Station Purchaser undertakes to the selling BEG Entity that, with effect from Completion of the acquisition of a Station, it will properly assume and promptly discharge, pay and perform when due all Assumed Obligations in respect of that Station.

  • By an agreement dated [ ] [name of selling BEG Entity] (the “Seller”) transferred to the Acceding Party the nuclear power generating station[s] at [ ] (the “Station[s]”) and the electricity generating business relating thereto.

  • At the written request of the Station Purchaser, the Station Purchaser and the selling BEG Entity shall each be responsible (both before and after Completion and at their own expense) for applying for a novation of that lease to the Station Purchaser in accordance with paragraph 6.5 of this Part of this Schedule (as if the lease were a Property Agreement).

  • As soon as reasonably practicable prior to Completion, the selling BEG Entity shall agree with the Station Purchaser the relevant Station Employees and shall disclose a list of such employees to the Station Purchaser.

  • If, pursuant to clause 6.1, the Station Purchaser notifies a BEG Entity that it wishes to purchase any Excluded Fuel, the purchase price of Excluded Fuel (including an amount in respect of the VAT payable on the supply of the Excluded Fuel by the relevant BEG Entity) shall be the cost of such fuel paid by that BEG Entity.

  • The parties shall use their reasonable endeavours to effect Completion as soon as reasonably practicable after the Relevant Time, such Completion to take place at the time, date and location as the selling BEG Entity and the Station Purchaser shall agree.

  • For the purposes of this clause 17 (Employees), an “Essential Transferring Employee” shall mean any Transferring Employee who was engaged prior to the Transfer Time in the provision of services essential to the Operation of a Station which a BEG Entity continues to Operate, including but not limited to those services which are required by any Regulator to be provided in respect of such Station.

  • If the Secretary of State terminates the acquisition of a Station following the exercise of a Station Option in respect of any Station pursuant to clause 2.12, the Secretary of State shall reimburse to the order of the selling BEG Entity an amount equal to all costs incurred by that BEG Entity in relation to that Station in complying with its obligations under this Agreement which it would not have incurred but for the exercise of the Station Option which has been terminated.

  • Upon the Board passing a resolution for a Partial Closure of a Station the relevant BEG Entity shall promptly notify the Secretary of State of the relevant date of Partial Closure (the “Early Partial Closure Date”).

Related to BEG Entity

  • Controlling Entity means an entity which owns, directly or indirectly through one or more intermediaries, (i) a general partnership interest or a Controlling Interest of the limited partnership interests in Borrower (if Borrower is a partnership or joint venture), (ii) a manager's interest in Borrower or a Controlling Interest of the ownership or membership interests in Borrower (if Borrower is a limited liability company), (iii) a Controlling Interest of any class of voting stock of Borrower (if Borrower is a corporation), (iv) a trustee's interest or a Controlling Interest of the beneficial interests in Borrower (if Borrower is a trust), or (v) a managing partner's interest or a Controlling Interest of the partnership interests in Borrower (if Borrower is a limited liability partnership).

  • holding entity means a person that is controlled by an individual;

  • Participating Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states properly authorized to enter into a Participating Addendum, that has executed a Participating Addendum.

  • Selling Entity means Parent, any Assignee, and each of their controlled Affiliates, licensees and sublicensees.

  • Merging entity means an entity that is a party to a merger and exists immediately before the merger becomes effective.