Group Undertaking definition

Group Undertaking means any undertaking in the Group, including the Company;

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Group Undertaking means the Company or another undertaking in the group;

Group Undertaking means the Contractor and any undertaking which is from time to time a parent undertaking of the Contractor or a subsidiary undertaking of either the Contractor or such parent undertaking within the meaning of section 258 of the Companies Act 1985 as substituted by section 144 of the Companies Act 1989;

Examples of Group Undertaking in a sentence

• If any potential Claim arises as a result of a contingent or unquantifiable liability of any Buyer’s Group Undertaking, each Seller will not be obliged to pay any sum in respect of the potential Claim until the liability either ceases to be contingent or becomes quantifiable; provided, however, that this paragraph 17 shall not restrict the Buyer from setting off and deducting the Buyer’s reasonable estimate of any such potential Claim from Contingent Consideration, as permitted by paragraph 11.

• The provisions of this paragraph 13 shall apply in the event that any third party brings or makes (or threatens to bring or make) any claim, demand, action or proceedings against any of the Buyer or a Buyer’s Group Undertaking which may reasonably be considered likely to give rise to a Claim (a “Third Party Claim”).

• Clause 16 of Schedule 1.2 of Schedule A of the Disclosure Letter sets forth a true and complete list of all material contracts between any Group Company, on the one hand, and any Seller’s Group Undertaking, on the other hand.

• Except for ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co., whose fees will be paid by the Sellers, there is no investment banker, broker, finder or other intermediary that has been retained by or is authorized to act on behalf of any Seller’s Group Undertaking that is entitled to any fee or commission from any Group Company in connection with any of the Transactions.

• Parent shall procure that any Intra-Group Debt that is owed as at the Completion Date by any Group Company to any Seller’s Group Undertaking (other than any Group Company), or by any Seller’s Group Undertaking (other than any Group Company) to any Group Company, is paid to the Seller’s Group Undertaking or Group Company, as applicable, to which such Intra-Group Debt is owed.

More Definitions of Group Undertaking

Group Undertaking shall have the meaning given to it by s.1161 of the Companies Act 2006;

Group Undertaking. , in relation to an insurer, means a juristic person in which the insurer alone, or with its subsidiaries or holding company, directly holds 20% or more of the shares, if the juristic person is a company, or 20% or more of any other ownership interest, if the juristic person is not a company;

Group Undertaking means the Company or any of its subsidiary undertakings from time to time.

Group Undertaking means the Offeror and any subsidiary or subsidiary undertaking of the Offeror;

Group Undertaking means in relation to an undertaking, any other undertaking:

Group Undertaking will have the meaning given to it in section 1161(5) Companies Act 2006, save that for the purposes of this Agreement an undertaking will be treated as a member of another undertaking if any of the shares in that other undertaking are registered in the name of another person (or its nominee) as security (or in connection with the taking of security) from the first undertaking or any of that first undertaking’s subsidiary undertakings and “undertaking” will (unless the context requires otherwise) have the meaning given in Section 1161(1) Companies Act 2006 and for the avoidance of doubt will include a limited liability partnership;

Group Undertaking means an undertaking that is included in the same group for the purposes of preparing consolidated accounts, in accordance with Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 84/349/EEC or in accordance with recognised international accounting rules;