Binding Undertaking definition

Binding Undertaking means any written or verbal commitment to any Governmental Authority, utility company, school board, church or other religious body, or any property owners’ association, or to any other organization, group, or individual, relating to the Property which would impose upon the owner of the Property from time to time an obligation to make any contribution or dedications of money or land or to construct, install, or maintain any improvements of a public or private nature on or off the Property.
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Examples of Binding Undertaking in a sentence

  • This Binding Undertaking may further include special terms and conditions as set forth in Appendix "A" hereof.

  • Foreign Offerors who don't have an umbrella agreement with ICA will be required to submit Appendix B and Form C - Implementation Plan and a Binding Undertaking by Foreign Supplier.

Related to Binding Undertaking

  • L/C Undertaking has the meaning set forth in Section 2.12(a).

  • Undertaking means any natural or legal person, whether profit-making or not, or any official body whether having its own personality or not;

  • Enforceable means, with respect to any Contractual Obligation stated to be Enforceable by or against any Person, that such Contractual Obligation is a legal, valid and binding obligation of such Person enforceable by or against such Person in accordance with its terms, except to the extent that enforcement of the rights and remedies created thereby is subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws of general application affecting the rights and remedies of creditors and to general principles of equity (regardless of whether enforceability is considered in a proceeding in equity or at law).

  • binding corporate rules means personal data protection policies which are adhered to by a controller or processor established on the territory of a Member State for transfers or a set of transfers of personal data to a controller or processor in one or more third countries within a group of undertakings, or group of enterprises engaged in a joint economic activity;

  • railway undertaking means any public or private undertaking licensed according to this Directive, the principal business of which is to provide services for the transport of goods and/or passengers by rail with a requirement that the undertaking ensure traction; this also includes undertakings which provide traction only;