O2C Undertaking definition
O2C Undertaking means the O2C Business together with its assets (including capital work in progress) and liabilities, reserves / retained earnings, all real property and interests, all legal and contractual rights and working capital (including all inventories), whether tangible or intangible, in-scope employees, in each case, on an as is where is basis, as such assets and liabilities shall exist on the Appointed Date. Provided however, with respect to borrowings, suppliers credit, export advances and liabilities in the books of RIL with regard to the O2C Undertaking, the Parties will agree on such borrowings, suppliers credit, export advances and liabilities which would form part of the O2C Undertaking (“Identified Borrowings”).