Pioneer Status definition
Pioneer Status means that the Borrower shall continue (i) to be certified as a pioneer enterprise by the Ministry of Trade, (ii) to be entitled to the benefits of the Economic Expansion Incentives (Relief from Income Tax) Act (CAP. 86) of the Republic of Singapore and (iii) to comply with the conditions set forth in Certificate No. 1228 dated June 3, 1998 issued by the Ministry of Trade in order to maintain such certification and entitlement.
Pioneer Status means the status conferred by the Board of Investments of the Republic of the Philippines (or any governmental authority which succeeds to the functions thereof), evidenced by a Certificate of Registration in relation to the development, construction, operation and maintenance of the Cogeneration Power Production Facility confirming that SPCC is a registered pioneer enterprise under the Omnibus Investments Code of 1987;
Examples of Pioneer Status in a sentence
The Borrower ceases at any time to maintain its Pioneer Status and fails to reacquire Pioneer Status within 30 days thereafter.
MSC Status and Pioneer Status respectively, and so far as the Warrantors are aware (having consulted with legal counsel licensed in Malaysia and familiar with the requirements of the MDeC and the Government of Malaysia regarding the establishment and maintenance of MSC Status and Pioneer Status), there is no reason (including as a result of the acquisition of the Sale Shares by the Buyer and compliance by the Company and Alaric International Sdn.