Parent Undertakings definition

Parent Undertakings means the Parent Undertaking (Collection Agent) and the Parent Undertaking (Originators).
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Parent Undertakings means the undertakings of the Parent made in a separate letter for the benefit of the Issuer as described in Clause 13 (Parent Undertakings).
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Parent Undertakings is as defined in Section 14.
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Examples of Parent Undertakings in a sentence

  • In addition to configuration checks, the champion agency should include up-to-date patch content, and the champion agency should continue to update the patch content before, during, and after baseline submission.

  • The Parent Undertaking's registered office is situated in Wrocław, Poland, in ul.

  • The solutions adopted are based on the Parent Undertaking's Organisational Rules, document workflow guidelines, accounting policy and the scope of responsibility and authorisation of finance and accounting personnel.

  • The Parent Undertaking's primary activity is:• PKD 64.20.Z Activities of financial holding companiesThe subsidiaries' primary activity is the carrying out of construction projects on the land belonging to these companies, for the purpose of the further rental and sale of residential and commercial property.LC Corp B.V., controlled by Mr Leszek Czarnecki, is the Parent Undertaking of LC Corp S.A. and the whole Group.

  • Draft Statement of Policy – Para 22For similar reasons outlined above in respect of paragraph 9(g), member firms believe that the use of the Power of Direction Over Qualifying Parent Undertakings is not likely to be the most efficient method of achieving a desired outcome in “stressed circumstances” where time is considered critical.

  • As part of the internal audit and risk management system, the process of drawing up the Parent Undertaking's financial statements is governed by a number of internal procedures aimed at ensuring effective supervision, as well as identification and elimination of potential risks.

  • An undertaking which is subsidiary to Parent Undertaking's other Subsidiary Undertaking, is also a Subsidiary Undertaking of the Company's Parent Undertaking.” 9.

  • The Membership Criteria set out in paragraphs 3.2.1(b) to 3.2.1(d) shall also apply to each of the Member’s Parent Undertakings and Guarantors.

  • It is inseparable until the subscription of Euro 100,000.00; it is separable for the remaining part of Euro 1.400,000.00.This means that the Capital Increase will be effective only upon reaching the minimum target of Euro 100,000.00 ("inseparable" amount).

  • When assessing impairment of loan notes receivable, management considers factors including current market and industry conditions, and historical experience and World Fuel Services Corporation, the Ultimate Parent Undertakings, pledges to provide adequate financial support for a period of at least 12 months following the date of the Independent Auditor’s Report for the Company’s year end, to ensure the balances are recovered by the Company.


More Definitions of Parent Undertakings

Parent Undertakings means two or more contracting authorities acting jointly that would, if they were a single undertaking, be a parent undertaking.
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Related to Parent Undertakings

  • parent undertaking means a parent undertaking as defined in point (15)(a) of Article 4(1) of Regulation (EU) No 575/2013;

  • L/C Undertaking has the meaning set forth in Section 2.12(a).

  • group undertaking means the Company or another undertaking in the group;

  • subsidiary undertaking means an undertaking controlled by a parent undertaking, including any subsidiary undertaking of an ultimate parent undertaking;

  • Undertakings as references to obligations under this Framework Agreement;

  • railway undertaking means any public or private undertaking licensed according to this Directive, the principal business of which is to provide services for the transport of goods and/or passengers by rail with a requirement that the undertaking ensure traction; this also includes undertakings which provide traction only;

  • collective investment undertaking or ‘CIU’ means a UCITS as defined in Article 1(2) of Directive 2009/65/EC of the European Parliament and of the Council (2) or an alternative investment fund (AIF) as defined in point (a) of Article 4(1) of Directive 2011/61/EU of the European Parliament and of the Council (3);‌

  • financial undertaking means any of the following entities:

  • public undertaking means any undertaking over which the public sector bodies may exercise directly or indirectly a dominant influence by virtue of their ownership of it, their financial participation therein, or the rules which govern it; for the purpose of this definition, a dominant influence on the part of the public sector bodies shall be presumed in any of the following cases in which those bodies, directly or indirectly:

  • Continuing Disclosure Undertaking means the Continuing Disclosure Undertaking of the Issuer, in substantially the form attached hereto as Exhibit 1, dated the Closing Date, for the purpose of providing continuing disclosure information under Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as may be amended from time to time.

  • Standard Securitization Undertakings means representations, warranties, covenants and indemnities entered into by the Borrower or a Subsidiary thereof that are reasonably customary in non-recourse securitization transactions.

  • Undertaking Letter The letter in substantially the form set forth in Exhibit C of the Trust Agreement.

  • Confidentiality Undertaking means a confidentiality undertaking in substantially the appropriate form recommended by the LMA from time to time or in any other form agreed between the Borrowers and the Facility Agent.

  • group of undertakings means a controlling undertaking and its controlled undertakings;

  • Disclosure Undertaking means the Issuer’s master undertaking to provide ongoing disclosure relating to certain obligations contained in the SEC Rule in connection with the general obligation notes of the Issuer issued after February 27, 2019, as implemented by Ordinance Number 50-933 of the Issuer.

  • Demerged Undertaking means the Premium Brands Business of the Demerged Company and includes related assets, liabilities, rights and powers, on a going concern basis, representing an undertaking in compliance with Sec. 2(19AA) of the Income Tax Act, as on the Appointed Date, which shall be transferred and vested with the Resulting Company upon Demerger by the Demerged Company in terms of this Scheme. Without prejudice and limitation to the generality of the above, the Demerged Undertaking means and includes,:

  • Specified Merger Agreement Representations means such of the representations and warranties made with respect to the Company and its Subsidiaries by the Company in the Merger Agreement to the extent a breach of such representations and warranties is material to the interests of the Lenders.

  • Fundamental Representations and Warranties means the representations and warranties contained in Sections 3.1, 3.2, 3.6, 4.1 and 4.3.

  • Acquisition Agreement Representations means the representations and warranties with respect to the Companies made by the Seller in the Acquisition Agreement to the extent a breach of such representations and warranties is material to the interests of the Lenders, but only to the extent that the Borrower or its Affiliates have the right to terminate its or their obligations under the Acquisition Agreement (or decline to consummate the Rockwood Acquisition) as a result of a breach of such representations in the Acquisition Agreement.

  • Manager’s Undertakings means any or all of them;

  • Special Purpose Financing Undertakings representations, warranties, covenants, indemnities, guarantees of performance and (subject to clause (y) of the proviso below) other agreements and undertakings entered into or provided by the Borrower or any of its Restricted Subsidiaries that the Borrower determines in good faith (which determination shall be conclusive) are customary or otherwise necessary or advisable in connection with a Special Purpose Financing or a Financing Disposition; provided that (x) it is understood that Special Purpose Financing Undertakings may consist of or include (i) reimbursement and other obligations in respect of notes, letters of credit, surety bonds and similar instruments provided for credit enhancement purposes, (ii) Hedging Obligations or other obligations relating to Interest Rate Agreements, Currency Agreements or Commodities Agreements entered into by the Borrower or any Restricted Subsidiary, in respect of any Special Purpose Financing or Financing Disposition, or (iii) any Guarantee in respect of customary recourse obligations (as determined in good faith by the Borrower, which determination shall be conclusive) in connection with any Special Purpose Financing or Financing Disposition, including in respect of Liabilities in the event of any involuntary case commenced with the collusion of any Special Purpose Subsidiary or any Affiliate thereof, or any voluntary case commenced by any Special Purpose Subsidiary, under any applicable bankruptcy law, and (y) subject to the preceding clause (x), any such other agreements and undertakings shall not include any Guarantee of Indebtedness of a Special Purpose Subsidiary by the Borrower or a Restricted Subsidiary that is not a Special Purpose Subsidiary.

  • statutory undertaker means a person who is or is deemed to be a statutory undertaker for the purposes of any provision of Part 11 of the Town and Country Planning Act 1990.

  • Qualified Independent Underwriter means a “qualified independent underwriter” within the meaning of FINRA Rule 5121.

  • ancillary services undertaking means an undertaking the principal activity of which consists in owning or managing property, managing data-processing services, or any other similar activity which is ancillary to the principal activity of one or more credit institutions;

  • Additional Agreement has the meaning assigned to such term in Article 8.

  • Excluded Representations has the meaning set forth in Section 7.3(a).