MCIL definition
Examples of MCIL in a sentence
The Founder undertakes to the Investor that he will not offer, pledge, charge, sell, contract to sell, grant or agree to grant any option, right or warrant to purchase or subscribe for, lend or otherwise transfer or dispose of, either directly or indirectly, any shares in MCIL prior to the Qualified IPO unless and until the Shares held by the Investor is less than one percent (1%) of the total number of outstanding Shares.
If the 2010 Net Income is lower than the RMB160,000,000, MCIL shall, and the Founder shall procure MCIL to transfer to the Investor free of charge a number of Shares such that the shareholding of the Investor will equal to (x) the shareholding of the Investor immediately after the Closing, multiplied by (y) a ratio, the numerator of which is equal to RMB160,000,000, and the denominator of which is the 2010 Net Income.
The MCIL has developed a set of operational procedures for the issuance of employment permits, which are set out in the Labour and Employment Relations Act 2013.
Pursuant to the Irrevocable Undertakings, if the Scheme is approved at the Court Meeting, each of the WMVL Shareholders, MCIL, SCGL and BRVL will vote in favor of the special resolution to be proposed at the General Meeting to approve and give effect to the Scheme, including the approval of the reduction of the issued share capital of the Company by cancelling and extinguishing the Scheme Shares and of the issue to the Offeror of the New Shares.
The GLA will repay this loan from the existing Business Rate Supplement (BRS) and Mayoral Community Infrastructure Levy (MCIL).
The Samoan Ministry of Commerce, Industry and Labour (MCIL) is responsible for issuing employment permits to non-citizens.
H.2. MCPR will host a ribbon-cutting launch event at each SBT, inviting local MCIL volunteers, GELF staff, MCPR staff and community leaders.
All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered in person, by telecopy with answer back, by express or overnight mail delivered by a nationally recognized air courier (delivery charges prepaid), or by registered or certified mail (postage prepaid, return receipt requested) to the respective parties as follows: if to Motorola Israel or MCIL: ▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇.
The consummation of the St. ▇▇▇▇▇▇▇▇ Equipment Disposition shall occur at the Closing; PROVIDED, HOWEVER, that following such sale, ▇▇▇▇ shall lease the Equipment to MCIL for a term of up to 3 years for an annual rental of $1.00.
Furthermore, the Company hereby confirms that it remains liable under the Indenture as "the Company" and in addition to becoming a Subsidiary Guarantor, MCIL hereby agrees that it is liable as a co-issuer for the payment of principal and interest on the Securities and agrees to be added to the definition of the "Company" for such purposes.