NPD Requirements definition

NPD Requirements means all of the following requirements: not to make a distribution of profit or surplus, or any transfer of assets to one or more shareholders whether by means of any payment or transfer of assets, directly or indirectly, in cash or in any kind, whether by way of dividend, bonus or release of obligation or in any other way otherwise than: for full consideration; or to the Authority pursuant to Clause 36 (Payment of Surpluses and Compliance with NPD Requirements) or Article [12 or 13] of the Articles of Association); or [Project Co’s Share of a Project Co Change]; or [Project Co’s Share of a Refinancing Gain]; not to amend or delete, or add new provisions to the Articles of Association, which have the effect of amending or frustrating the NPD Mandatory Provisions; to comply with the NPD Mandatory Provisions; and not to frustrate the appointment of the Public Interest Director to Project Co’s board of directors in accordance with the Articles of Association;
Sample 1
NPD Requirements means all of the following requirements:
Sample 1

Examples of NPD Requirements in a sentence

  • If the Authority wishes to terminate this Agreement under this Clause 45 (Breach of the NPD Requirements), it must first give Project Co notice stating: that the Authority is terminating this Agreement under this Clause 45 (Breach of the NPD Requirements); and that this Agreement will terminate on the date falling 30 Business Days after the date of receipt of the notice.

  • Breach by Project Co 45.1 II Project Co breaches Clause 36 (Payment of Surpluses and Compliance with NPD Requirements) then the Authority may terminate this Agreement, at any time within 18 months of becoming aware of such breach, in accordance with Clause 45.2 below.

  • Compensation on Termination for Corrupt Gifts and Fraud and Breach of Refinancing or Breach of the NPD Requirements 203 48.

  • Following termination for Authority Default, Force Majeure, Corrupt Gifts and Fraud, Breach of Refinancing or Breach of Refinancing or Breach of NPD Requirements.

  • If this Agreement is terminated pursuant to Clause 40.1.3(b), Clause 44.3 or Clause 45 (Breach of the NPD Requirements) then the Authority shall pay compensation to Project Co in accordance with Section 4 (Corrupt Gifts and Fraud or Breach of Refinancing or Breach of NPD Requirements) of Schedule Part 17 (Compensation on Termination).

  • If this Agreement is terminated pursuant to Clause 40.1.3.1(b), Clause 44.3 or Clause 45 (Breach of the NPD Requirements) then the Authority shall pay compensation to Project Co in accordance with Section 4 (Corrupt Gifts and Fraud or Breach of Refinancing or Breach of NPD Requirements) of Schedule Part 17 (Compensation on Termination).

  • If Project Co breaches Clause 36 (Payment of Surpluses and Compliance with NPD Requirements) then the Authority may terminate this Agreement, at any time within 18 months of becoming aware of such breach, in accordance with Clause 45.2 below.

  • The compensation payable under Part 1 of this Schedule 11 (Termination on Scottish Ministers Default or Voluntary Termination by the Scottish Ministers), Part 2 of this Schedule 11 (Termination for Force Majeure), Part 3 of this Schedule 11 (Termination for Corrupt Gifts and Fraud, Breach of Refinancing or Breach of NPD Requirements) shall be the sole remedy of the Company against the Scottish Ministers in respect of termination of the Agreement.

  • On termination of this Agreement in accordance with this Clause 35.2A, the Authority shall pay to the Contractor compensation in accordance with the provisions of Clause 47 (Compensation on Termination for Corrupt Gifts, Fraud and Breach of Refinancing or Breach of the NPD Requirements).

Related to NPD Requirements

  • OHS Requirements means all Laws applicable to the Supply and related to occupational health or safety, and all of the City Policies that relate to occupational health or safety, and includes without limitation the WCA;

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • Program Requirements means that Partner has to fulfill certain program requirements as described in detail in the applicable SAP PartnerEdge Model and the PartnerEdge Program Guide.

  • Reporting Requirements As defined in Section 11.12.

  • Pretreatment requirements means any substantive or procedural requirement related to pretreatment, other than a pretreatment standard, imposed on an industrial user.

  • Listing Requirements means the Main Market Listing Requirements of Bursa Securities.

  • Design requirements means the written description of the infrastructure facility to be procured pursuant to this article, including:

  • Requirements means and include schedules, details, description, statement of technical data, performance characteristics, standards (Indian as well as International) as applicable and specified in the Contract.

  • Service Requirements means the specification that the Flexibility Services must be capable of meeting, as defined in Schedule 1;

  • Storage Injection Requirements means all volumes required by the Seller for injection into underground storage, including cushion gas, and for liquification, including fuel used for injection and in liquification plants, or for such other storage projects that may be developed expressly for the protection of supply to high priority users.

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Project Requirements means the statement included in the Request for Proposal detailing the technical and other requirements of Canada which are to be met by the successful Bidder, and which are to be addressed in the Bid;

  • Relevant Requirements means all applicable Law relating to bribery, corruption and fraud, including the Bribery Act 2010 and any guidance issued by the Secretary of State for Justice pursuant to section 9 of the Bribery Act 2010;

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Authority Requirements means the operational requirements, functions and characteristics of the Framework set out in Schedule 1 (Statement of Requirements)

  • Technical Requirements means the Technical Requirements in Section VII of the tendering documents.

  • Certification Requirements means those requirements specified or referenced in this Agreement that you must meet in order to use and maintain the Certification Designation and use the Logo in accordance with the terms of this Agreement.

  • Listings Requirements means the listings requirements of the JSE from time to time;

  • JSE Listings Requirements means the Listings Requirements of the JSE applicable from time to time;

  • Mandatory City Requirements means those City laws set forth in the San Francisco Municipal Code, including the duly authorized rules, regulations, and guidelines implementing such laws that impose specific duties and obligations upon Contractor.

  • Operational requirements means the need to ensure that the Agency is to be operated as effectively, efficiently and economically as possible.

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Minimum Participation Requirements means a set of minimum training, risk management, communication and capital or collateral requirements required for Participants in the PJM Markets, as set forth herein and in the Form of Annual Certification set forth as Tariff, Attachment Q, Appendix 1. Participants transacting in FTRs in certain circumstances will be required to demonstrate additional risk management procedures and controls as further set forth in the Annual Certification found in Tariff, Attachment Q, Appendix 1.

  • Qualification Requirements means the qualification requirements as set forth in Section-2, Clause 2.1 of this RFP;

  • Safety Requirements means Prudent Electrical Practices, CPUC General Order No. 167, Contractor Safety Program Requirements, and all applicable requirements of Law, PG&E, the Utility Distribution Company, the Transmission Provider, Governmental Approvals, the CAISO, CARB, NERC and WECC.