JV Undertaking definition

JV Undertaking means the letter provided to the Employer as part of the Tender setting out the legal undertaking between the two or more persons constituting the Contractor as a JV. This letter shall be signed by all the persons who are members of the JV, shall be addressed to the Employer and shall include:
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Examples of JV Undertaking in a sentence

  • As of the Closing Date, and in the case of the Charge Agreement only, subject to receipt of the Required Consent, each of this Agreement, the Charge Agreement and the JV Undertaking and License are, and when executed and delivered, will be, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws and principles of equity.

Related to JV Undertaking

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

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

  • 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;

  • parent undertaking means a parent undertaking as defined in point (15)(a) of Article 4(1) of Regulation (EU) No 575/2013;

  • financial undertaking means any of the following entities: