Transferred Undertaking 2 definition

Transferred Undertaking 2 or "O & M Business" means the Operation & Maintenance Services of Terminals which would comprise of 10 contracts of the Transferor Company, as identified by the management of IOT in Schedule 2, on a going concern basis and shall include (without limitation):
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Transferred Undertaking 2 means the Integrated Clubs and Convention Centres Business Undertaking of the Transferor Company which is being transferred to the Transferee Company 2 as laid out in Part B of Schedule I of the Scheme other than the club being transferred to Transferred Undertaking 3.
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Transferred Undertaking 2 means the Business of Unit II of the factory operated out of the Paonta Sahib Plant of the Seller located at Khasara Nos 8/1, 220/9, 221/9,222/9, 223/9, 224/9, 8/2 of Village Nihalgarh, Xxxxxx Xxxxxx Xxxxx, Xxxxxxxx Xxxxxxx 000000; and Business Transfer Agreement
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Examples of Transferred Undertaking 2 in a sentence

  • The Consideration has been determined taking into account the book value of all the assets and liabilities of the Transferred Undertaking 2 estimated as on 31 March 2017.

  • All the profits or income accruing or arising to the Transferor Company and all costs, charges, expenditure, taxes or losses arising or incurred by the Transferor Company pertaining to the Transferred Undertaking 2 shall, for all purposes, be treated and be deemed to be and accrue as the profits, income, costs, charges, expenditure, taxes or losses of the Transferee Company 2, as the case may be.

  • 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 2 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 2.

  • Any taxes deducted on such income accruing or arising to the Transferor Company pertaining to the Transferred Undertaking 2 from the Appointed Date till the Effective Date shall be on account of the Transferee Company 2 and the Transferor Company and Transferee Company 2 shall be entitled to file declaration / forms / returns to give effect to such transfer of credit of such taxes deducted in the name of / to the benefit of Transferee Company.iii.

  • Accordingly, subject to the terms and conditions of Section II of this Scheme, in consideration of the transfer of the Transferred Undertaking 2 by the Transferor Company to the Transferee Company 2 upon the terms of Section II of this Scheme, the Transferee Company 2 shall discharge a consideration of Rs. 6,93,04,409/- (Rupees Six Crores Ninety Three Lakhs Four Thousand Four Hundred and Nine only) (“Consideration”).

  • 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 2 will also be transferred to the Transferee Company 2 as part of Section II of this Scheme.

  • The Transfer and vesting of the Transferred Undertaking 2 and the continuance of the proceedings mentioned in Clauses 3 and 5 shall not in any manner effect the transaction or proceedings already concluded by or against the Transferor Company pertaining to the Transferred Undertaking 2:- (i) On or before the Appointed Date; and that the Transferee Company 2 accepts on behalf of itself all acts, deeds, bonds, agreements and other instruments of whatever nature done and executed by the Transferor Company.

  • 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 2, the same shall be instituted and/or defended by the Transferor Company for and on behalf of the Transferee Company 2.

  • The Transferor Company shall carry on and be deemed to have carried on all its business and activities of the Transferred Undertaking 2 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 2.

  • The Board of Directors of the Transferee Company 2 and Transferor Company have recommended lump sum value of Rs. 6,93,04,409/- (Rupees Six Crores Ninety Three Lakhs Four Thousand Four Hundred and Nine only) towards consideration payable on transfer of the Transferred Undertaking 2 from IOT to IOTI taking into consideration the book value of O&M Business.

Related to Transferred Undertaking 2

  • 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.

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

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

  • 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.

  • 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.

  • 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.

  • 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:

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

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

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

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

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

  • 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.

  • 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;

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

  • 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.

  • Noncompetition Agreements as defined in Section 2.8(a)(iv). "Occupational Safety and Health Law"--any law or regulation designed to provide safe and healthy working conditions and to reduce occupational safety and health hazards, and any program, whether governmental or private (including those promulgated or sponsored by industry associations and insurance companies), designed to provide safe and healthful working conditions.

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

  • Shareholder Agreements has the meaning set forth in the recitals to this Agreement.

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

  • Fair-share agreement means an agreement between the public employer and the recog-