Transferred Unit definition

Transferred Unit means an industrial unit whose ownership or management has been transferred in pursuance of the provisions of the State Financial Corporations Act. 1951 or SIDBI Act, 1989 or transferred with the approval of OSFC or IPICOL or SIDBI.
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Transferred Unit means an industrial unit whose ownership / management has been transferred in pursuance of provision of the State Financial Corporation Act, 1951 or transferred with the approval of OSFC / IPICOL.
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Transferred Unit means an industrial unit whose ownership or management has been transferred in pursuance of the provisions of the State Financial
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Examples of Transferred Unit in a sentence

  • Any transferee of all or a portion of a Unit (whether or not admitted as a Substituted Member) shall take subject to and assume, by operation of Law or express agreement, all of the obligations of the transferor Member under this Agreement with respect to such Transferred Unit.

  • Such allocation shall be made without regard to the date, amount or receipt of any distributions that may have been made with respect to the Transferred Unit.

  • If any Unit is Transferred during any accounting period in compliance with the provisions of this Article 9, Profits, Losses, each item thereof, and all other items attributable to the Transferred Unit for such period will be divided and allocated between the transferor and the transferee by taking into account their varying interests during the period in accordance with Code Section 706(d), using any conventions permitted by law and selected by the Company in its reasonable discretion.

  • Notwithstanding the foregoing, in the event that a Participant shall suffer an Involuntary Termination or Constructive Termination from the Transferred Unit within the time period after completion of the Divestiture specified in the applicable Schedule, such Participant shall be entitled to receive the benefits specified in Sections 3.1 and 3.3 hereof (subject to the terms and conditions of this Plan, including Sections 3.8 and 3.10 hereof).

  • Case No. 6207-E involves events after Zink was forced to leave LJHS, beginning with an allegation that she was “prevented” from retrieving her personal belongings from her former LJHS classroom by Asfazadour.The Retrieval of Zink’s Personal Items from LJHS CBA Article 12.9, “Rights of Transferred Unit Members,” provides at section 12.9.2, “Preparation for Moving,” that “Release time should be provided for unit member(s) being transferred.

  • Upon a Transfer of all or part of a Member’s Units in accordance with Article 9, the transferee shall succeed to the Capital Account of the transferor Member to the extent that is attributable to the Transferred Unit.

  • In the event such trusts and / or funds are not set up by the Transferee Company, the Transferor Company shall continue to maintain such trusts and/ or funds and continue to make contributions for the benefit of the employees of the Transferred Unit till such time as may be mutually decided by the Transferor Company and the Transferee Company.

  • This assumes that Assignor and Assignee have satisfied or waived all of the conditions to Transfer of the Transferred Unit 2 Ownership Interest in accordance with Article XIII of the Ownership Agreement.

  • The Scheme is intended to strengthen and provide focused growth to the Injectable Unit by transferring it to a wholly owned subsidiary and does not involve any movement of assets and liabilities to any company outside the group.5.1 Subject to the terms and conditions of this Scheme, the consideration for the transfer of the Transferred Unit shall not be more than Rs. 390 crores (Rupees Three Hundred and Ninety Crores).

  • Transferred Unit means an industrial unit whose ownership / management has been transferred in pursuance of provisions of the State Financial Corporation Act, 1951 or transferred with the approval of Financial Institutions / Banks.


More Definitions of Transferred Unit

Transferred Unit means an industrial unit, seized under the State Financial Corporation Act, 1951 or SARFAESI Act 2002 or liquidated under the order of National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) and thereafter sold to a new enterprise on sale of assets basis. Such transferred unit shall be treated as a new industrial unit.
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Transferred Unit means all the businesses, activities, properties and liabilities, of whatsoever nature and kind pertaining to the Injectables Unit, on a going concern basis, together with all their assets and liabilities and shall mean and include (without limitation):
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Related to Transferred Unit

  • Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Class D Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class D Unit as provided in this Agreement.

  • Transferred Interests has the meaning set forth in the Recitals.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

  • Preferred Unit means a fractional share of the Partnership Interests that the General Partner has authorized pursuant to Sections 4.01, 4.03 or 4.04 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the OP Units.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • LLC Unit means a common limited liability interest in the Company.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Distributed Right has the meaning set forth in the definition of “Adjustment Factor.”

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Contribution Share means, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan Parties other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 10.06 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Obligations.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.