Single undertaking definition

Single undertaking here means that each member was expected to take on all obligations, that the codes approach of the Tokyo Round, in which each member could opt to sign some codes and not sign others, was not available. John Croome, who served in the GATT/WTO Secretariat throughout the Tokyo and Uruguay Rounds, has pointed out in correspondence that “single undertaking” initially referred to the members voting on all parts of the agreement as a whole, i.e., that the outcome of the tariff negotiations would not be put up for approval separately from the outcome of the subsidies negotiations. As the negotiations progressed, the meaning of “single undertaking” expanded to include the “no country can opt out of any part” meaning.
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Single undertaking means, for the purposes of this Regulation, all enterprises having at least one of the following relationships with each other:
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Single undertaking approach, which means “nothing is agreed until everything is agreed,” prevented progress
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Examples of Single undertaking in a sentence

  • There is a ceiling of€200,000 for all de minimis aid provided to any Single undertaking (as defined in the Regulation) over a 3-year period.

  • Single undertaking applicants should be required to provide comprehensive documentary evidence of freight delivery patterns when they submit their applications.

  • Single undertaking means that no part of the negotiations on agriculture can be agreed on separately i.e. “Nothing is agreed until everything is agreed”.

  • Single undertaking is a provision that requires countries to accept all the agreements reached during a round of multilateral trade negotiations as a single package, as opposed to on a case-by-case basis.

  • Single undertaking applicants should provide evidence of financial and technical capacity.

  • Single undertaking means that the WTO Agreement had to be signed in its totality (except for Agreements signed in Annex 4 known as plurilateral agreements).

  • No piece of kit from any department will be positioned outside the Unit Base area including sanitisation and refuse facilities.

  • Any Single undertaking that has not been previously awarded support under this scheme may be approved a maximum grant of €70,000.

  • See United States Government/laws Xxxxxxx, Xxxxxxx, 27, 37 Xxxxxxx, former U.S. Ambassador Xxxxxxx, 275 Xxxx, Xxxxx Xxxxx, 315 Simplified Stock Corporation, 341–343 Single undertaking approach, 18, 46, 73, 77, 133, 201 Singapore Market Liberalization, 322–323 U.S.-Singapore FTA, 112 See also Regional Comprehensive Economic Partnership (RCEP), Trans-Pacific Partnership (TPP) Singapore Issues [Doha Round], 32, 42 “Single-window” system.

  • Single undertaking" is an approach whereby every negotiating item is a part of a whole package that is indivisible.


More Definitions of Single undertaking

Single undertaking means for the purposes of the EU rules on competition an undertaking is any entity engaged in an economic activity, regardless of its legal status and the way in which it is financed. Enterprises falling under the EU commission definition of ‘linked enterprises’ in the definition of small or medium-sized enterprises (SMEs) in Commission Recommendation 2003/361/EC are considered as one single undertaking for purposes of this aid.
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Single undertaking concept, which essentially means that all the instruments that make up the complex body of WTO law are equally binding upon all members regardless of their stage of economic and social development,80 presented an optimal choice to commit most members to a set of common obligations and to conclude the WTO covered agreements at the time of the Uruguay Round negotiations. However world trade then looked very different from the emerging complex world trade today.81 Balancing the interests of 157 WTO members, across much more diverse issues, on the negotiation table has made it increasingly difficult to conclude negotiations that “bind all WTO Members equally”.82 Thus, many commentators are of the view that the probability of future success under the current single-undertaking system appears slight.83 On the other hand, although Regional Trade Agreements (RTAs) can enable deeper agreements to be reached between interested trading partners, they have the problem of gaps in the content as well as differences in coverage.84 Indeed, this “spaghetti bowl” has resulted in traders being subjected to multiple conflicting requirements all over the world.85 In addition, RTAs have potential difficulties in dealing with complex problems that require global compliance by means of multilateral solutions. In particular, regulatory issues under RTAs have been proven to be inefficient, if not impracticable, to implement.86
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Related to Single undertaking

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

  • Disclosure Undertaking means the Issuer’s master undertaking to provide ongoing disclosure relating to certain obligations contained in the SEC Rule in connection with the general obligation notes of the Issuer issued after February 27, 2019, as implemented by Ordinance Number 50-933 of the Issuer.

  • 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:

  • insurance undertaking means insurance undertaking as defined in point (1) of Article 13 of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (1);

  • related undertaking means any undertaking in which any person has a

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

  • reinsurance undertaking means reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;

  • Demerged Undertaking means the Premium Brands Business of the Demerged Company and includes related assets, liabilities, rights and powers, on a going concern basis, representing an undertaking in compliance with Sec. 2(19AA) of the Income Tax Act, as on the Appointed Date, which shall be transferred and vested with the Resulting Company upon Demerger by the Demerged Company in terms of this Scheme. Without prejudice and limitation to the generality of the above, the Demerged Undertaking means and includes,:

  • Continuing Disclosure Undertaking means the Continuing Disclosure Undertaking of the Issuer, in substantially the form attached hereto as Exhibit 1, dated the Closing Date, for the purpose of providing continuing disclosure information under Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as may be amended from time to time.

  • 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;

  • Performance Undertaking means that certain Performance Undertaking, dated as of the Closing Date, by Performance Provider in favor of Seller, substantially in the form of Exhibit XI, as the same may be amended, restated, supplemented or otherwise modified from time to time.

  • Standard Securitization Undertakings means all representations, warranties, covenants, indemnities, performance Guarantees and servicing obligations entered into by the Parent or any Subsidiary (other than a Receivables Subsidiary), which are customary in connection with any financing of accounts receivable.

  • Confidentiality Undertaking means a confidentiality undertaking substantially in a recommended form of the LMA or in any other form agreed between the Borrower and the Agent.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Undertaking Letter The letter in substantially the form set forth in Exhibit C of the Trust Agreement.

  • Affidavit and Undertaking means the affidavit and undertaking provided by the Bidder substantially in form and manner as annexed in Annexure I hereto;

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

  • Letter of Undertaking means the letter of undertaking from, amongst others, the Issuer and its Managing Directors to the Initial Purchaser, Investment Manager and the Trustee.

  • Compliance agreement means a written agreement required between the Plant Board and any person engaged in growing cotton, dealing in, or moving regulated articles wherein the latter agrees to comply with specified provisions to prevent dissemination of the Boll Weevil.

  • Facility Agreement means the Facility Agreement referred to in Recital (A).

  • Side Agreement means the Side Agreement for Transfer Agency Services between the Customer and Transfer Agent dated as of January 1, 2015.

  • Commercial Agreement means an agreement, other than an agency agreement, made between carriers and relating to the provision of their joint services for carriage of passengers by air;

  • Tri-Party Agreement shall have the meaning set forth in Section 6.4 hereof.

  • Main Agreement means the part of this Agreement that commences on the first page and ends with but includes Schedule A, excluding Section 3(d) (which incorporates this Schedule C into the Agreement).

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Facility Agreements means the agreements of that name between the Issuer and different