Unconditional Consent definition
Unconditional Consent means a consent, approval or direction (as applicable) granted by ▇▇▇▇ to NGG in writing pursuant to the ▇▇▇▇ Licence, which: (i) has the effect of permitting arrangements, activities or anything else that would otherwise be prohibited or restricted by the ▇▇▇▇ Licence or would otherwise cause a breach of the ▇▇▇▇ Licence; (ii) where the revocation or expiration of the consent approval or direction (as applicable) would have a direct or indirect adverse legal or financial effect on the Investor or its Affiliates (including under any shareholder arrangements), or would mean that the identity and business activities of the Investor or its Affiliates would cause a breach of the ▇▇▇▇ Licence, such consent approval or direction (as applicable) is not revocable by ▇▇▇▇ or subject to time limits; and (iii) is not subject to any remedies, requirements or conditions. “UNC” means the uniform network code prepared by NGG together with other gas transporters in accordance with Standard Special Condition A11 of the ▇▇▇▇ Licence; “VAT” means: (i) within the UK, any value added tax imposed by the VAT ▇▇▇ ▇▇▇▇, (ii) within the European Union, such Taxation as may be levied in accordance with (but subject to derogations from) the Directive 2006/112/EC, and (iii) outside the UK or the European Union, any similar Taxation levied by reference to added value or sales; “VAT Claim” means a claim against the Seller for breach of or under Clause 7.3.2; “Vendor Model” means the financial model produced for the purposes of the NGGH Transfer and contained in the Data Room (document 27.1.2.3); “Voting Power of Attorney” means the power of attorney in the Agreed Form to be executed by the Seller in favour of ▇▇▇▇ MidCo to enable ▇▇▇▇ MidCo (pending registration of the
Examples of Unconditional Consent in a sentence
The Written Unconditional Consent shall be effective upon delivery to Parent.