Uncommercial Transaction definition

Uncommercial Transaction means the provision of a financial or other benefit on terms which:
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Examples of Uncommercial Transaction in a sentence

  • The Trustee is entitled to act hereunder and exercise all of the powers hereby conferred upon it providing the exercise will not result in an Uncommercial Transaction.

  • ASIC alleged that Mr Fiorentino failed properly to inform creditors of all relevant matters in connection with the suspected Uncommercial Transaction and the available remedies, in circumstances where he was seeking funding from creditors to investigate the Business Sale Agreement, and thereby acted in breach of various provisions including clause 13.4 of the Code, section 130.1b) of the Compiled APES 110 and ss 180 and 181 of the Act.

  • This includes transactions with statutory creditors, related parties and trade creditors.· We have also identified 15 director related transactions totalling $732,500 which could be considered potential voidable transactions.· We have identified a further Uncommercial Transaction in relation to the transfer of a property in Alexandria in November 2017.

  • Apart froma payment or application under clause 3.1, or a payment or application approved by the Commissioner, no part of the Trust Fund or the income may be paid or applied, directly or indirectly, to or for: ^_2 pTrust DeedLdlafPHILLIPS FOX by way of an Uncommercial Transaction.

  • Uncommercial Transaction has the meaning given to that term in clause 5.1.

  • Uncommercial Transaction means the provision of a financial or other benefit on terms which: (a) would not be reasonable in the circumstances if the benefit were provided on an arms length basis; or (b) are more favourable to the recipient than the terms referred to in (a), and which a reasonable person in the position of the Trustee would not have entered into having regard to all relevant circumstances.

Related to Uncommercial Transaction

  • Financial Transaction means purchase, redemption, exchange or any other transaction involving the movement of Shares initiated by an End-User.

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • Principal Transaction means any transaction between the Sponsor, the Manager or any of their respective Affiliates, on the one hand, and the Company or one of its Subsidiaries, on the other hand.

  • Manufactured-home transaction means a secured transaction:

  • Material Transaction means any material transaction in which the Company or any of its subsidiaries proposes to engage or is engaged, including a material purchase or sale of assets or securities, financing, merger, consolidation, tender offer or any other material transaction that would require disclosure pursuant to the Exchange Act, and with respect to which the board of directors of the Company reasonably has determined in good faith that compliance with this Agreement may reasonably be expected to either materially interfere with the Company’s or such subsidiary’s ability to consummate such transaction in a timely fashion or require the Company to disclose material, non-public information prior to such time as it would otherwise be required to be disclosed.

  • Local public procurement unit means any political subdivision or unit thereof which expends public funds for the procurement of supplies, services, or construction.

  • M&A Transaction means (i) the consolidation of the Company with, or a merger with or into, any third party, following which the Company’s stockholders immediately prior to such transaction, will own less than 50.1% of the surviving entity or the Company, as applicable, immediately following such transaction, or (ii) an acquisition or other transfer of all or substantially all of the Company’s securities or assets.

  • Real estate related financial transaction means any transaction involving:

  • Public procurement unit means either a local public procurement unit or a state public procurement unit.

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • FIRM PROCUREMENT means the agreement between the parties for mutually agreed terms and conditions with commitment of Quantity Ordered.

  • Coordinated External Transaction means a transaction to simultaneously purchase and sell energy on either side of a CTS Enabled Interface in accordance with the procedures of Operating Agreement, Schedule 1, section 1.13, and the parallel provisions of Tariff, Attachment K- Appendix.

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • Contactless Transaction means a Transaction that is authorised by you touching or holding your Card or linked device against or near a POS Terminal without the need to insert your Card.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Commercial Item means a commercial item as defined in FAR 2.101.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Borrower or any Subsidiary pursuant to which the Borrower or such Subsidiary may sell, convey, assign or otherwise transfer (or purport to sell, convey, assign or otherwise transfer) Securitization Assets (which may include a grant of security interest in such Securitization Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person.

  • Commercial vehicle means a motor vehicle, trailer, or semitrailer used or

  • capital transactions means any of the following: the sale of all or any part of the assets of the Company; the refinancing of mortgages or other liabilities of the Company; the receipt of insurance proceeds; and any other receipts or proceeds are attributable to capital. (Check One) ☐ - SINGLE-MEMBER: A “Capital Account” for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.

  • Illicit connection means any man-made conveyance connecting an illicit discharge directly to a municipal separate storm sewer.

  • Public Procurement means the acquisition by any means of goods, works or services by the government;

  • occasional transaction means a transaction that is not carried out as part of a business relationship as defined in Article 3(13) of Directive (EU) 2015/849.

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • commercial air transport means an aircraft operation involving the transport of passengers, cargo, or mail for remuneration or hire.

  • Pendency of the procurement process means the time period commencing with the public notice of the request for proposals and ending with the award of the contract or the cancellation of the request for proposals.

  • the Scottish Infected Blood Support Scheme means the scheme of that name administered by the Common Services Agency (constituted under section 10 of the National Health Service (Scotland) Act 1978(b));