No Group Company definition

No Group Company has received notice (whether formal or informal) from a lender of money, requiring repayment or intimating the enforcement of a security; and so far as the Vendor is aware there is nothing likely to give rise to a notice.

No Group Company has done any act or thing which could result in all or part of a government grant or any other similar payment or allowance made or due to be made to it (details of which are contained in the Disclosure Letter) become repayable or being forfeited by it nor will performance of this Agreement result in any such grant, payment or allowance becoming repayable or so forfeited.

No Group Company. (i) has given any written undertaking, commitment or assurance to any Governmental Entity; (ii) is subject to any order, regulation or decision made by any Governmental Entity against such Group Company or (iii) has received a written communication or request for information in relation to any aspect of their business from any Governmental Entity, in the case of clauses (i) through (iii) above, under anti-trust or similar legislation applicable to such Group Company in any jurisdiction.

Examples of No Group Company in a sentence

• No Group Company is obligated to make any investment in or capital contribution in or on behalf of any other Person.

• No Group Company has agreed to indemnify any Person for any infringement, violation or misappropriation of any Intellectual Property by such Person.

• No Group Company owns or Controls, or has ever owned or Controlled, directly or indirectly, any Equity Security, interest or share in any other Person or is or was a participant in any joint venture, partnership or similar arrangement.

• No Group Company is in violation of any of the provisions of its memorandum and articles of association or equivalent organizational documents in any material respect.

• No Group Company uses any real property in the conduct of its business except insofar as it has secured a Lease with respect thereto.

More Definitions of No Group Company

No Group Company has disposed of any asset in circumstances such that section 17 of the TCGA could apply (disposals and acquisitions treated as made at market value).

No Group Company has acquired benefits under any policy of assurance which would on disposal give rise to a chargeable gain under section 210 of the TCGA (disposals by a person other than the original beneficial owner).

No Group Company has issued any security within the meaning of section 254 the interest or other consideration given in respect of which falls to be taxed under section 209.

No Group Company has issued any share capital to which the provisions of section 249 of the Taxes Act (stock dividends treated as income) could apply nor does it own any such share capital (shares carrying the right to bonus share capital).

No Group Company has since the Accounts Date made or agreed to make any distributions within the meaning of section 209 ICTA 1988 (meaning of "distribution").

No Group Company has since the Accounts Date taken any action which has had, or will have, the result of altering, prejudicing or in any way disturbing any arrangement or agreement which it has with any Taxation authorities.

No Group Company has since the Accounts Date made or provided and is not under any legally binding obligation to make any payment of an income or revenue nature in excess of (Pounds)20,000 which will be prevented from being deductible for Tax purposes, whether as a deduction in computing the profits of a trade or as an expense of management or as a charge on income.