Transferred Undertaking 1 definition

Transferred Undertaking 1 or "EPC Business" means the EPC business of the Transferor Company, as identified by the management of IOT, on a going concern basis and shall include (without limitation):
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Transferred Undertaking 1 means the Hotels Business Undertaking of the Transferor Company which are operational or under construction as on the Appointed Date and which is being transferred to the Transferee Company 1, as laid out in Part A of Schedule I of the Scheme.
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Transferred Undertaking 1 means the Business of Unit I of the factory operated out of the Paonta Sahib Plant of the Seller located at Khasara Nos 200/5, 201/5, 202/5, 203/5, 204/5, 205/5, 206/5, 207/5, 209/5, 212/5, 213/5, 216/6, 231/120/7, 233/120/7 of Xxxxxxx Xxxxxxxxx, Xxxxxx Xxxxxx Xxxxx, Xxxxxxxx Xxxxxxx 000000;
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Examples of Transferred Undertaking 1 in a sentence

  • The Consideration has been determined taking into account the book value of all the assets and liabilities of the Transferred Undertaking 1 estimated as on 31 March 2017.

  • All tax related proceedings (excluding income tax and general corporate function) pending with any statutory or judicial authority and at any level / stage pertaining to the Transferred Undertaking 1 will also be transferred to the Transferee Company 1 as part of Section I of this Scheme.

  • Upon the coming into effect of Section I this Scheme, the Transferee Company 1 shall be entitled to carry on the business of the Transferred Undertaking 1 of the Transferor Company and shall be entitled, to apply to the Central Government and all other agencies, departments and authorities concerned as are necessary under any law for such consents, approvals and sanctions to carry on the business of the Transferred Undertaking 1 of the Transferor Company.

  • All staff, workmen and employees of the Transferor Company who are in service on the Effective Date and attributable to the Transferred Undertaking 1, shall become the staff, workmen and employees of the Transferee Company 1 on such date without any break or interruption in their service and on the terms and conditions not less favorable than those subsisting with reference to the Transferor Company as on the Effective Date.

  • Upon the Scheme becoming effective, the Transferee Company 1 shall account for the Scheme as under:.12.ii.1. The Transferee Company 1 shall account for the transfer and vesting of the Transferred Undertaking 1 in its books of accounts as per the “Pooling of Interest Method” prescribed under the Indian Accounting Standard 103- “Business Combination” notified under Section 133 of the Act read with relevant rules issued thereunder and other applicable accounting standards prescribed under the Act.

  • Upon Section I of this scheme becoming effective and upon vesting of the Transferred Undertaking 1 of Transferor Company in Transferee Company in terms of Section I of this Scheme, Transferee Company 1 shall pay a lump sum cash consideration of Rs.9,17,26,341/- (Rupees Nine Crores Seventeen Lakhs Twenty Six Thousand Three Hundred and Forty One only) Rs.to Transferor Company subject to change in the net assets position as on the cut-off date.

  • Without prejudice to the generality of the above, all benefits, credits, refunds, exemptions, incentives or concessions under Tax Laws as may be applicable to which the Transferred Undertaking 1 of Transferor Company is entitled to in terms of the applicable Tax Laws of the Union and State Governments in India, shall be available to and vest in the Transferee Company 1.

  • The Transferor Company shall carry on and be deemed to have carried on all its business and activities of the Transferred Undertaking 1 and shall be deemed to have held and possessed of and shall continue to hold and stand possessed of all the assets, properties and liabilities for and on account of and in trust for the Transferee Company 1.

  • After the Appointed Date and before the Effective Date, if any Proceedings are taken by or against the Transferor Company pertaining to the Transferred Undertaking 1, the same shall be instituted and/or defended by the Transferor Company for and on behalf of the Transferee Company 1.

  • The high level of iron is creating health risk, thalassemia, hemochromatosis, chronic liver disease (Conway, 2013).The accuracy of determination for traces of iron ions is very important for analytical chemists (Ebrahimi, 2019).

Related to Transferred Undertaking 1

  • related undertaking means any undertaking in which any person has a

  • 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,:

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

  • 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.

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with the Agreement, executed and delivered by Borrower, each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

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

  • Original Holder shall have the meaning given in the Recitals.

  • Specified Purchase Agreement Representations means the representations and warranties made by the Seller or the Company in the Purchase Agreement as are material to the interests of the Lenders, but only to the extent that the Borrower (or the Borrower’s Affiliates) has the right (taking into account any applicable cure provisions) to terminate the Borrower’s (or such Affiliates’) obligations under the Purchase Agreement, or to decline to consummate the Acquisition (in each case, in accordance with the terms thereof), as a result of a breach of such representations and warranties.

  • 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.

  • Company Security Agreement means the Company Security Agreement executed and delivered by Company on the Closing Date, substantially in the form of Exhibit XIV annexed hereto, as such Company Security Agreement may thereafter be amended, supplemented or otherwise modified from time to time.

  • 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.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

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

  • DTC Representation Letter means the Blanket Letter of Representation from the Issuer and the Paying Agent to DTC which provides for a book-entry system, or any agreement between the Issuer and Paying Agent and a successor securities depository duly appointed.

  • Affidavit and Undertaking means the affidavit and undertaking provided by the Bidder substantially in form and manner as annexed in Annexure I hereto;

  • Seller's Agreement An agreement for the origination and sale of Mortgage Loans generally in the form of the Seller Contract referred to or contained in the Program Guide, or in such other form as has been approved by the Master Servicer and the Company, each containing representations and warranties in respect of one or more Mortgage Loans consistent in all material respects with those set forth in the Program Guide.

  • Investment Representation Letter As defined in Section 5.02(b).

  • Shareholders Agreement shall have the meaning set forth in the Recitals.

  • Existing Security Agreement shall have the meaning set forth in the recitals.

  • Shareholder Agreement has the meaning set forth in the Recitals.

  • Original LLC Agreement has the meaning set forth in the recitals to this Agreement.

  • insurance undertaking means insurance undertaking as defined in point (1) of Article 13 of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (1);

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • representation agreement means the written agreement between a money transfer service provider and a representative of the money transfer service provider that states the terms on which the representative offers the money transfer service within Australia;

  • vertically integrated undertaking means an electricity undertaking or a group of electricity undertakings where the same person or the same persons are entitled, directly or indirectly, to exercise control, and where the undertaking or group of undertakings perform at least one of the functions of transmission or distribution, and at least one of the functions of generation or supply of electricity;