Relevant Enterprise definition

Relevant Enterprise means an entrepreneur sole trader partnership firm of business (whether incorporated or not) or other body (public or private) undertaking activities of a commercial character or conducted with a view to profit or providing goods and services in an environment for which there is a commercial market but (for the avoidance of doubt) excluding aid and assistance to children young people and adults in education unemployed persons apprentices persons on work placements and employees where the Relevant Aid provided does not directly assist their employer.

Relevant Enterprise means a person or organisation (other than the Grantee itself) that is an entrepreneur, sole trader, partnership, firm or business (whether incorporated or not) or other body (irrespective of its charitable, not for profit, or public/private status) undertaking activities of a commercial character or conducted with a view to profit or providing goods and services in an environment for which there is an actual or potential commercial market but (for the avoidance of doubt) excluding aid and assistance to children, young people and adults in education, unemployed persons, apprentices, persons on work placements and employees where the Relevant Aid provided does not directly assist their employer;

Relevant Enterprise means a person or organisation (other than the Grantee itself) that is an entrepreneur, sole trader, partnership, firm or business (whether incorporated or not) or other body (irrespective of its charitable, not for profit, or public/private status) undertaking activities of a commercial character or conducted with a view to profit or providing goods and services in an environment for which there is an actual or potential commercial market but (for the avoidance of doubt) excluding aid and assistance to children, young people and adults in education, unemployed persons, apprentices, persons on work placements and employees where the Relevant Aid provided does not directly assist their employer; "Responsible Procurement Policy" relation to this programme) that the previous RPP has now been withdrawn and the GLA are finalising a reviewed version which should be available by the time that grant agreements are issued in (Applicants should note means the GLA Group Responsible Procurement Policy (RPP) as amended from time to time, (a copy of the current version of which is available from

Examples of Relevant Enterprise in a sentence

• The foregoing notwithstanding, subject to Section 12 hereof, this Agreement shall continue in force after Indemnitee has ceased to serve as a director, officer, employee and/or agent, as the case may be, of the Company and its subsidiaries or of a Relevant Enterprise.

• Indemnitee agrees to serve as a director, officer, employee and/or agent of the Company and/or any of its subsidiaries, as the case may be, and may serve, at the request of the Company, as a director, officer, employee and/or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise (a "Relevant Enterprise").

• Relevant Enterprise: (1) the turnover test is met if the Relevant Enterprise’s annual UK turnover exceeds £1 m; or (2) the share of supply test will apply even if only the target has a 25% or more share of supply—there is no longer any need for both parties to supply the same category of goods or services, see Competition & Markets Authority (2018).

• The foregoing notwithstanding, this Agreement shall continue in force after Indemnitee has ceased to serve as a director, officer, employee and/or agent, as the case may be, of the Company and its subsidiaries or of a Relevant Enterprise.

• Indemnitee agrees to serve as a director, officer, employee and/or agent of the Company and/or any of its subsidiaries, as the case may be, and may serve as a director, officer, employee and/or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise at the request of the Company (a "Relevant Enterprise" and, together with the Company and the Company's subsidiaries, the "Company Entities").

• If the Authority directs it to do so the Recipient shall itself complete a De Minimis Disclosure Form in respect of any portion of the GLA Funding utilised by the Recipient that the Authority considers to be Relevant Aid to the Recipient as a Relevant Enterprise and shall fully cooperate with the Authority in utilising the Block Exemptions or any other applicable exemption or European Commission notification and approval procedure to comply with State Aid rules.

• PAH may (through the procedure involving the PAH INEDs as mentioned in the immediately preceding paragraph (i) above) elect to invite the Company to participate as a co-investor in a power project only if the interest available for investment or acquisition is of an enterprise value exceeding the Relevant Enterprise Value Threshold.

• The thresholds are: for the “turnover test” the Relevant Enterprise’s annual UK turnover is more than £1m and for the “share of supply test” the share of supply of purchase of the Relevant Enterprise that is being merged or acquired is at least 25% in a substantial part of the United Kingdom (whether or not this is increased by the merger).

• The Company's obligations to indemnify or advance expenses hereunder to Indemnitee who is or was serving a Relevant Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from such Relevant Enterprise.

• Unless otherwise notified by the Authority when utilising the GLA Funding to fund Relevant Aid to a Relevant Enterprise under the Project (whether directly by the Recipient itself or by funding the Relevant Enterprise in question to do so) the Recipient shall ensure that such aid is provided as “de minimis aid” in accordance with the De Minimis Aid Exemption.