Power Business Undertaking definition

Power Business Undertaking means MALCO’s undertaking, business, activities and operations pertaining to generation/dealing in power and related business, and comprising of all the assets (moveable, incorporeal and immoveable) and liabilities which relate thereto, or are necessary thereof and including specifically the following:
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Examples of Power Business Undertaking in a sentence

  • The other intellectual property rights presently held by MALCO, that relate to or benefit at present Residual MALCO and the Power Business Undertaking, shall be deemed to constitute separate intellectual property rights and the necessary substitution/endorsement shall be made and duly recorded in the name of MALCO and VAL, respectively, by the relevant authorities pursuant to the sanction of this Scheme by the Court.

  • All Power IP including registrations, goodwill, licenses, trademarks, service marks, copyrights, domain names, applications for copyrights, trade names and trade marks, appertaining to the Power Business Undertaking, if any, shall stand vested in VAL without any further act, instrument or deed (unless filed only for statistical record with any appropriate authority or Registrar), upon the vesting orders of the Courts sanctioning the Scheme and this Chapter 3 of the Scheme becoming effective.

  • Chapter 3 of this Scheme provides for the specific provisions governing the hive-off of the Power Business Undertaking into VAL.

  • Chapter 4 of this Scheme provides for the specific provisions governing the amalgamation of MALCO (post the hive-off of its Power Business Undertaking into VAL, as proposed in Chapter 3) into and with SGL.

  • Upon this Chapter 3 becoming effective and with effect from the Appointed Date, any contract of MALCO relating to or benefiting at present Residual MALCO and the Power Business Undertaking, shall be deemed to constitute separate contracts, thereby relating to and/or benefiting MALCO and VAL, respectively.

  • Accordingly, the Assets and Liabilities of ther said Power Business Undertaking as at 1st April, 2010 stands vested in the Company and the transactions post 1st April, 2010 have been incorporated in the accounts of the Company.

  • Any investments forming part of the Power Business Undertaking shall be recorded in the name of VAL by operation of law as transmission in VAL as a successor in interest and any document of title pertaining to the assets of the Power Business Undertaking shall also be deemed to have been mutated and recorded as titles of VAL to the same extent and manner as originally held by MALCO and enabling the ownership, right, title and interest therein as if VAL was originally MALCO.

  • Pursuant to the scheme of Amalgamation u/s 391 to 394 of the Companies Act, 1956, sanctioned by The Honorable High Court of Bombay on 29th October 2010, the Power Business Undertaking of Weizmann Limited was demerged into the Resultant Company - Karma Wind Power Limited w.e.f 1st April, 2010.

  • Scheme involves vesting of the Power Business Undertaking of MALCO into VAL and the Appointed Date for the same is April 01, 2012.

  • So far as the liabilities of Residual VAL is concerned, it has been submitted that in terms of the Composite Scheme, it was proposed that Aluminium Business Undertaking of VAL would be demerged and transferred into the Petitioner and Residual VAL would operate the Power Business Undertaking and on the effectiveness of the Concurrent Scheme and the merger of the SilL into the Petitioner becoming effective, VAL would become a wholly owned subsidiary of the Petitioner.

Related to Power Business Undertaking

  • railway undertaking means any public or private undertaking licensed according to this Directive, the principal business of which is to provide services for the transport of goods and/or passengers by rail with a requirement that the undertaking ensure traction; this also includes undertakings which provide traction only;

  • Approved Manager’s Undertaking means, in relation to each Ship, a letter of undertaking executed by the Approved Manager in favour of the Security Trustee in the Agreed Form agreeing certain matters in relation to the Approved Manager serving as the manager of that Ship and subordinating the rights of the Approved Manager against such Ship and the relevant Borrower to the rights of the Security Trustee under the Finance Documents;

  • L/C Undertaking has the meaning set forth in Section 2.12(a).

  • Manager’s Undertaking means, in relation to each Ship, a letter of undertaking executed or to be executed by the Approved Manager in favour of the Security Trustee in such form as the Lenders may approve or require agreeing certain matters in relation to the management of that Ship and subordinating the rights of the Approved Manager against the Ship and the Owner thereof to the rights of the Creditor Parties under the Finance Documents and, in the plural, means all of them;

  • group undertaking means the Company or another undertaking in the group;

  • subsidiary undertaking means an undertaking controlled by a parent undertaking, including any subsidiary undertaking of an ultimate parent undertaking;

  • Other Business(es means any business activity we or our Affiliates engage in, other than the licensing of the Hotel.

  • Manager’s Undertakings means the undertakings, provided by the Manager respecting the Vessel, including, inter alia, a statement satisfactory to the Facility Agent that any lien in favor of the Manager respecting the Vessel is subject and subordinate to the Vessel Mortgage in substantially the form attached to the Assignment of Management Agreements or otherwise reasonably satisfactory to the Facility Agent.

  • financial undertaking means any of the following entities:

  • ancillary services undertaking means an undertaking the principal activity of which consists in owning or managing property, managing data-processing services, or any other similar activity which is ancillary to the principal activity of one or more credit institutions;

  • Former Business means any corporation, partnership, entity, division, business unit, business or set of business operations that has been sold, conveyed, assigned, transferred or otherwise disposed of or divested (other than solely in connection with the Restructuring), in whole or in part, or the operations, activities or production of which has been discontinued, abandoned, liquidated, completed or otherwise terminated, in whole or in part, in each case, by either Group prior to the Distribution Time.

  • Veteran-owned Small Business Enterprise (VSBE) means A business that is verified by the Center for Verification and Evaluation (CVE) of the United States Department of Veterans Affairs as a veteran-owned small business. See Code of Maryland Regulations (COMAR) 21.11.13.

  • Primary sector business means an individual, corporation, limited liability company,

  • Enterprise means the Company and any other corporation, constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger to which the Company (or any of its wholly owned subsidiaries) is a party, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, trustee, general partner, managing member, fiduciary, employee or agent.

  • Other Business means business of the Licensee other than the Licensed Business;

  • Black woman-owned enterprise means an enterprise with at least 25, 1% representation of black women within the black equity and management portion.

  • Interscholastic Activities means athletic or non-athletic/academic activities where students compete on a school vs. school basis.

  • Proprietary or Sub-advised Mutual Fund means any open-end Mutual Fund for which MSIM acts as investment adviser or sub-adviser.

  • Foreign nonprofit corporation means an entity:

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million;

  • parent undertaking means a parent undertaking as defined in point (15)(a) of Article 4(1) of Regulation (EU) No 575/2013;

  • Business Unit means the assets constituting the business or a division or operating unit thereof of any Person.

  • Not-for-Profit Organization means a nonprofit corporation as defined in ORS 307.130.

  • public undertaking means any undertaking over which the public sector bodies may exercise directly or indirectly a dominant influence by virtue of their ownership of it, their financial participation therein, or the rules which govern it; for the purpose of this definition, a dominant influence on the part of the public sector bodies shall be presumed in any of the following cases in which those bodies, directly or indirectly:

  • Disabled Business Enterprise means a business owned by a person with a disability that is a continuing, independent, for-profit business that performs a commercially useful function, and is at least fifty-one (51%) owned and controlled by one (1) or more persons with a disability, or, in the case of any publicly-owned business, at least fifty one percent (51%) of the stock of which is owned and controlled by one(1) or more persons with a disability and whose management and daily business operations are under the control of one (1) or more persons with a disability.