Examples of Supply Business in a sentence
Nothing in this Condition shall prevent the Licensee transferring its Supply Business to an assignee where the Commission has consented to such assignment provided that such transfer is effected as soon as practicable after such consent has been given.
The Licensee shall not, without the prior written consent of the Commission, transfer to another person (the "transferee") all or any part of the Supply Business carried out under this licence.
The remaining paragraphs of this Condition apply for the purpose of ensuring that the Licensee (and any affiliate or related undertaking of the Licensee) maintains accounting and reporting arrangements which enable separate accounts to be prepared for the Supply Business and showing the financial affairs of the Supply Business.
References in this Condition to costs or liabilities of, or reasonably attributable to, the Supply Business shall be construed as excluding taxation and capital liabilities which do not relate principally to the Supply Business and interest thereon; and references to any accounting statement shall be construed accordingly.
Where this Condition applies, the Licensee shall procure that the Supply Business does not give any direct or indirect cross-subsidy to, nor receive any direct or indirect cross-subsidy from, any other business of the Licensee or of an affiliate or related undertaking of the Licensee.