No Group Company definition

No Group Company has received notice (whether formal or informal) from a lender of money, requiring repayment or intimating the enforcement of a security; and so far as the Vendor is aware there is nothing likely to give rise to a notice.

No Group Company has since the Accounts Date taken any action which has had, or will have, the result of altering, prejudicing or in any way disturbing any arrangement or agreement which it has with any Taxation authorities.

No Group Company has given or undertaken to give any security or guarantee for any liability of any person.

Examples of No Group Company in a sentence

• No Group Company is obligated to make any investment in or capital contribution in or on behalf of any other Person.

• No Group Company has agreed to indemnify any Person for any infringement, violation or misappropriation of any Intellectual Property by such Person.

• No Group Company owns or Controls, or has ever owned or Controlled, directly or indirectly, any Equity Security, interest or share in any other Person or is or was a participant in any joint venture, partnership or similar arrangement.

• No Group Company is in violation of any of the provisions of its memorandum and articles of association or equivalent organizational documents in any material respect.

• No Group Company is or has been a member or promoter of, or contributor to, any industry standards bodies, patent pooling organizations or similar organizations that could require or obligate a Group Company to grant or offer to any Person any license or right to any material Company Owned IP.

More Definitions of No Group Company

No Group Company has nor ever has had any training scheme, arrangement or proposal in respect of which a levy is currently or may in the future become payable by such Group Company under applicable law or regulation (including the Industrial Training Act 1982).

No Group Company has filed (or have had filed against it) or is aware of any petition for its winding-up, reconstruction, reorganization, bankruptcy or comparable proceedings.

No Group Company. (i) has given any written undertaking, commitment or assurance to any Governmental Entity; (ii) is subject to any order, regulation or decision made by any Governmental Entity against such Group Company or (iii) has received a written communication or request for information in relation to any aspect of their business from any Governmental Entity, in the case of clauses (i) through (iii) above, under anti-trust or similar legislation applicable to such Group Company in any jurisdiction.

No Group Company has done any act or thing which could result in all or part of a government grant or any other similar payment or allowance made or due to be made to it (details of which are contained in the Disclosure Letter) become repayable or being forfeited by it nor will performance of this Agreement result in any such grant, payment or allowance becoming repayable or so forfeited.

No Group Company has any continuing liability in respect of any leasehold property other than the Property.

No Group Company has acquired in the past six years an asset in circumstances that it will be deemed under applicable Taxation legislation to dispose of that asset and re-acquire it by virtue of or in consequence of this Agreement or its performance.

No Group Company has disposed of any asset in circumstances such that section 17 of the TCGA could apply (disposals and acquisitions treated as made at market value).