Licensed Business definition

Licensed Business means the functions and activities, which the Licensee is required to undertake in terms of the License granted by the Commission or as a deemed Licensee under the Act;

Licensed Business means the activities connected with the conveyance of

Licensed Business means the activities connected with the supply of gas

Examples of Licensed Business in a sentence

• When the Commission decides to revoke permits to operate the Licensed Business, it shall serve a notice of revocation upon the Licensee and fix a date on which the revocation shall take effect.

• References in this clause 7 to costs or liabilities of, or reasonably attributable to, Licensed Business or Other Business shall be construed as excluding taxation, and capital liabilities, which do not relate principally to such Business, and interest thereon.

• The Licensee shall seek approval of the Commission before advancing loans, or issuing any guarantee for any obligation of any person except when made or issued for the purposes of the Licensed Business.

• This Condition shall not apply in respect of any function of the Authority under Articles 14(1)(a) and 27 of the Order or under Article 7 of the Energy Order but the Licensee shall, if requested by the Authority, give reasoned comments on the accuracy (so far as it relates to its Licensed Business), of any information or advice which the Authority proposes to publish pursuant to Article 7 of the Energy Order.

• The Licensee may utilize the assets as a means of facilitating funding or financing the Licensed Business in the ordinary course of business, subject to the conditions.

More Definitions of Licensed Business

Licensed Business means the activities connected with the conveyance of gas pursuant to the Licence;

Licensed Business means the business conducted in terms of a licence;

Licensed Business means the business of Distribution and Supply of electricity as authorised under the Distribution Licence;

Licensed Business means the functions and activities, which the licensee is required to undertake in terms of the licence granted or being a deemed licensee under the Act;

Licensed Business means any person licensed under the laws of the relevant Canadian jurisdiction to sell IVICs, other than an Insurer or a Licensed Individual.

Licensed Business means the business of Transmission of electricity as authorised under the licence;

Licensed Business means the business of Distribution and Retail Supply of electricity in the Area of Supply as authorised under this Licence;