MEC Group definition

MEC Group has the meaning given by section 995 1 of the ITAA 1997.

MEC Group has the meaning set forth in Section 4.13(f).

MEC Group means Multiple Entry Consolidated Group as defined in the IncomeTax Assessment Xxx 0000. Merger has the meaning given in the Merger Implementation Deed.

Examples of MEC Group in a sentence

• You shall keep confidential at all times during and after your employment, all information (including proprietary or confidential information) about the business and affairs of, or belonging to, the Corporation or any member of the MEC Group or their respective customers or suppliers, including information which, though technically not trade secrets, the dissemination or knowledge whereof might prove prejudicial to any of them.

• That all designs, devices, improvements, inventions and ideas made or conceived by you resulting from your access to the business of the MEC Group shall be the exclusive property of the MEC Group and you and your estate agree to take all necessary steps to ensure that such property rights are protected.

• This agreement may be assigned by the Corporation in its sole discretion to any other member of the MEC Group without your prior consent.

• You shall keep confidential at any time during or after your employment, any information (including proprietary or confidential information) about the business and affairs of, or belonging to, the Corporation or any member of the MEC Group or their respective customers or suppliers, including information which, though technically not trade secrets, the dissemination or knowledge whereof might prove prejudicial to any of them.

• This agreement may be assigned by the Corporation in its sole discretion to any other member of the MEC Group or any MEC affiliate without your prior consent.

• During the term of your employment with the Corporation and for a period of twelve (12) months after the termination of your employment, you shall not, directly or indirectly, in any capacity compete with the business of the Corporation or of any member of the MEC Group in respect of which you have had access to proprietary or confidential information.

• During the term of your employment with the Corporation and for a period of six (6) months after the termination of your employment, you shall not, directly or indirectly, in any capacity compete with the business of the Corporation or of any member of the MEC Group in respect of which you have had access to proprietary or confidential information.

• Man Group plc shall provide or procure the provision of all such information and assistance which may reasonably be required by MF Global to prepare, submit and agree all Tax computations or Tax returns (and any related documents) in each case relating to the Tax affairs of the Australian MEC Group in respect of any accounting or other taxable period beginning and ending before the Effective Date.

• Upon execution by you, this agreement i) will continue to apply to your employment in a similar or other capacity with the Corporation or any member of the MEC Group and ii) replaces any prior written or oral employment contract or other agreement concerning remuneration between you and the Corporation, or any member of the MEC Group, including specifically the consulting agreement between yourself and M.I. Developments Inc.

• Such "affiliated group" of corporations is referred to herein as the "MEC Group." The MEC Group without the Companies and Subsidiary is sometimes referred to herein as the "MEC Selling Group." Except as disclosed in Schedule 3.21, none of the Companies or Subsidiary have been a member of any affiliated group other than the MEC Group.

More Definitions of MEC Group

MEC Group has the meaning given in section 995-1 of the 1997 Tax Act.

MEC Group shall have the meaning given to it in the Tax Xxx 0000.

MEC Group as defined in the applicable Australian Tax Act. “Australian TFA” means a tax funding agreement between the members of an Australian Tax Consolidated Group which includes (a) reasonably appropriate arrangements for the funding of tax payments by the “head company” (as defined in the applicable Australian Tax Act) having regard to the position of each member of the applicable Australian Tax Consolidated Group; and (b) an undertaking from each member of the Australian Tax Consolidated Group to compensate each other member adequately for loss of tax attributes (including tax losses and tax offsets) as a result of being a member of the Australian Tax Consolidated Group. “Australian TSA” means an agreement between the members of an Australian Tax Consolidated Group which takes effect as a tax sharing agreement under section 721-25 of the applicable Australian Tax Act and complies with the applicable Australian Tax Act and any applicable law, official directive, request, guideline or policy (whether or not having the force of law) issued in connection with the applicable Australian Tax Act. “Authorized Person” means any one of the individuals identified on Schedule A-2 to the Agreement, as such schedule is updated from time to time by written notice from Borrowers to Agent. “Available Currency” means (a) in the case of a U.S. Borrower, Dollars and (b) in the case of an Australian Borrower, Australian Dollars. “Available Increase Amount” means, as of any date of determination, an amount equal to the result of (a) $100,000,000 minus (b) the aggregate principal amount of Increases to the U.S. Revolver Commitments or U.S. Floorplan Commitments previously made pursuant to Section 2.14 of the Agreement. “Average Adjusted Excess Availability” means, with respect to any period, the sum of the aggregate amount of Adjusted Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period. “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.