Group Business Entity definition

Group Business Entity means;
Group Business Entity means a Business Entity, which directly or indirectly holds not less than 26% of voting securities in the Bidder; or A Business Entity in which the Bidder directly or indirectly holds not less than 26% of voting securities.
Group Business Entity means a Business Entity, which directly or indirectly or through common control holds not less than 26% of voting securities in the Bidder; or A Business Entity in which the Bidder directly or indirectly or through common control holds not less than 26% of voting securities.

Examples of Group Business Entity in a sentence

  • Detail of Bidder as a Single Bidder including Group Business Entity whose Technical Capacity and Financial Capacity is claimed by the Bidder (as applicable) and Consortium 3.

  • We declare that we or our Parent, Ultimate Parent, Affiliate, Associate and Group Business Entity are not submitting another Bid.

  • We, [including all the other members of the Consortium], further certify that no investigation by a regulatory authority is pending either against us/[any Member of the Consortium] or against our/their Parent, Ultimate Parent, Affiliate, Associate and Group Business Entity or against our CEO or any of our directors, managers and employees.

  • The Parties hereby undertake to participate in the Bidding Process only through this Consortium and not individually and/ or through any other consortium constituted for this Project, either directly or indirectly or through any of their Group Business Entity.

  • Such Bidder or its Parent, Ultimate Parent, Affiliate, Associate and Group Business Entity has participated as a consultant to APDCL in the preparation of any documents, design or technical specifications of the Projects.

  • If any Group Business Entity, whose credentials have been relied on by the Bidder or a Member of the Consortium to demonstrate Technical Capacity and Financial Capacity, ceases or will cease to be a Group Business Entity of the Bidder or such Member until expiry of First Contract Year, Then the Bidder shall give APDCL notice of such occurrence forthwith along with all relevant particulars of such occurrence.

  • The Financial Capacity would be summation of the net worth of the Bidder and the net worth of the Group Business Entity.

  • For the avoidance of doubt, this disqualification shall not apply where such advisor was engaged by the Bidder, its Member or any of its Parent, Ultimate Parent, Affiliate, Associate and Group Business Entity in the past but the assignment expired or was terminated prior to the date of issue of this RFS.

  • The Bidder as a Single Bidder or Consortium including their Parent, Ultimate Parent, Affiliate, Associate and Group Business Entity shall be allowed to submit only one (1) Bid.

  • A Bidder shall be liable for disqualification if any legal, regulatory, financial or technical advisor of APDCL in relation to the Projects is engaged by the Bidder in relation to this RFS, the member of the Consortium or any of their Parent, Ultimate Parent, Affiliate, Associate and Group Business Entity, as the case may be, in any manner for matters related to the submission of the Bid.

Related to Group Business Entity

  • Business entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • minority business enterprise means any small contractor or supplier of materials fifty-one percent or more of the capital stock, if any, or assets of which is owned by a person or persons: (1) who are active in the daily affairs of the enterprise, (2) who have the power to direct the management and policies of the enterprise, and (3) who are members of a minority, as such term is defined in subsection (a) of Connecticut General Statutes § 32-9n; and

  • Retained Subsidiaries means all of the direct and indirect Subsidiaries of Seller other than the Purchased Subsidiaries.