BMCL definition
Examples of BMCL in a sentence
In respect of BMCL All approvals or conditions precedent to be obtained by the 31st December 2005 other than approval of DoT which shall be obtained by the Longstop Date.
Prohibiting employees from carrying out work at BMCL worksites or other such places where BMCL may be contracted to perform work which will include operating plant and equipment when the employees have a blood alcohol content in excess of 0.02g / 100ml of blood.
Prohibiting Subcontractors, agents, employees or visitors from consuming, using, selling, giving or otherwise disposing of any alcoholic liquor or drugs or be under the influence of the same whilst at a BMCL Engineering Group site, or at a site that personnel are attending on BMCL’s behalf.
Pre Completion Between the date of payment of the Initial Deposit and the Completion of the acquisition in relation to each of BCL and BMCL the Sellers agree that they will ensure and procure that, together with such standard pre completion covenants to be included in the Purchase Agreements: 1.
Each of BCL and BMCL is a closely-held public company duly incorporated, validly existing and in good standing under the laws of India with the requisite corporate power to own, operate or lease its properties and to carry on the business in which it is presently engaged.
The Sellers are not parties to any voting trust, proxy or other agreement or understanding with respect to the voting of any of the Sale Shares or any agreement that requires or may require additional Shares of BCL or BMCL to be issued or allotted beyond its present issued Shares nor have any claims been made by any person entitled or claiming to be entitled to any of the foregoing.
There are no outstanding securities, obligations, rights, subscriptions, warrants, options or other contracts of any kind that give any person the right to purchase or otherwise receive or be issued any share in the share capital of BCL or BMCL (or any interest therein) or any security of any kind convertible into or exchangeable for any shares in the share capital of BCL or BMCL (or any interest therein).
If the Completion of BCL has taken place but the Completion of BMCL has not occurred by June 30, 2006 (“Longstop Date”), then: HutchEssar shall on behalf of BPL Com, CGL and ETHL, arrange for a bona fide sale of BMCL to a third party in the most efficient manner possible at the time.
Relevant board and shareholder resolutions, if required, of the Sellers, HutchEssar and BCL and BMCL; in respect of entering into, execution and performance of the Purchase Agreements; 7.
In each case Completion to take place within 20 days of the satisfaction of all conditions precedent, by way of the Sellers tendering the necessary transaction documents to HutchEssar and instructions to their Depository Participant to enable transfer of all the respective Sale Shares to HutchEssar against payment of the balance BCL Consideration or BMCL Consideration, as the case may be, by HutchEssar.