Contractual Undertaking definition

Contractual Undertaking means, relative to any Person, any provision of any debt or equity security issued by it or of any Instrument or undertaking to which it is a party or by which it or any of its property is bound or subject.
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Contractual Undertaking has the meaning ascribed thereto in Article 4.
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Examples of Contractual Undertaking in a sentence

  • In addition, Tenderers are required to complete and sign the Contractual Undertaking contained at Appendix 4 (CONTRACTUAL UNDERTAKING) in order to submit a Tender Response.

  • The Stock Options shall be subscribed by the Beneficiary as from the Issuance and until the expiry of a period of ninety (90) calendar days following the Issuance (included), subject to the adherence by the Beneficiary to the amended and restated shareholders’ agreement in relation to the Company dated March 31, 2020 as amended on November 10, 2020 by way of the execution of a Contractual Undertaking (if such Beneficiary has not executed such contractual undertaking yet).

  • The Stock Options granted to the Beneficiary are exercisable as follows: • [To be specified in individual award agreements] provided, that, upon the expiration of each of the above-mentioned vesting periods, the following conditions are satisfied on a cumulative basis (the “Conditions”): • the Presence Condition is satisfied; and • the Beneficiary has signed a Contractual Undertaking with the Company.

  • The Transferor’s Guarantee Liability in Gra- tuitous Transfers (In General and in Case of a Contractual Undertaking) In the cases where transfer of claim is gratuitous, the transferor has no guarantee liability and he is not re- sponsible for the existence of claim either.

  • The Parties agree that the granting after the date hereof of any Securities to any employee or manager of the Company shall be conditioned upon the prior execution by such employee or manager of a French translated version of the draft Contractual Undertaking attached as EXHIBIT C hereto.

  • The Chairman and Vice-Chairman of every Committee and Sub-Committee will be elected at the first meeting of the Committee or Sub-Committee after the Annual Council Meeting.

  • The Company shall have received (i) all Approvals, and (ii) any consent of third-parties required under any Contractual Undertaking of the Company or any Subsidiary have been obtained or given, in each case in connection with the Transaction.

  • Appurtenances and incidentals necessary on the Contract Documents and specified herein.

  • The transfer of Ordinary Shares resulting from the exercise of the Stock Options is possible as of their subscription, subject to the terms of the Contractual Undertaking.

  • No consent need be obtained from any Person (which is not required by ARTICLE III to be obtained on or prior to the Closing Date) in respect of any such Contractual Undertaking in connection with the Transaction which, if not obtained, would reasonably be expected, individually or in the aggregate, to have a Materially Adverse Effect.

Related to Contractual Undertaking

  • financial undertaking means any of the following entities:

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

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

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

  • 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:

  • Principal Underwriter shall have the meanings given them in the 1940 Act.

  • 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;

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

  • 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,:

  • Contractual Service means the rendering by a contractor of its time and effort rather than the furnishing of specific commodities. The term applies only to those services rendered by individuals and firms who are independent contractors. Contractual Services do not include auditing services, Maintenance Services, or Professional Services as defined in Section 287.055(2)(a) of the Florida Statutes, and these Rules. Contractual Services also do not include any contract for the furnishing of labor or materials for the construction, renovation, repair, modification, or demolition of any facility, building, portion of building, utility, park, parking lot, or structure or other improvement to real property entered into pursuant to Chapter 255 of the Florida Statutes, and Rules 3.5 or 3.6.

  • Contractual Services are defined as those specified services established within the OAG approved budget for which the Provider is to be paid upon completion at the set rate also established within the OAG approved budget, as authorized expenditures eligible for payment, or reimbursement pursuant to ARTICLE 9, AUTHORIZED EXPENDITURES, of this Agreement.

  • BREACH OF CONTRACTUAL OBLIGATION means amongst others also the following:

  • Undertaking means any natural or legal person, whether profit-making or not, or any official body whether having its own legal personality or not;

  • Extra Contractual Obligations shall be defined as those liabilities not covered under any other provision of this Contract and that arise from the handling of any claim on business covered hereunder, such liabilities arising because of, but not limited to, the following: failure by the Company to settle within the Policy limit, or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

  • affiliated person promoter" and "principal underwriter" as used in the preceding sentence shall have the meanings assigned to each such term in the Investment Company Act of 1940, as amended.

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

  • 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.

  • 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.

  • EU Standard Contractual Clauses means: (i) the standard contractual clauses adopted by the European Commission on 4th June 2021 or (ii) such other standard contractual clauses that are approved by the European Commission for Controller to Processor transfers of Personal Data to a third country which has not received an EU Adequacy Decision (and are subsequently incorporated into the DPA). GDPR means the EU General Data Protection Regulation being Regulation (EU) 2016/679.

  • Standard Contractual Clauses means the clauses attached hereto as Exhibit 1 pursuant to the European Commission’s decision (C(2010)593) of 5 February 2010 on Standard Contractual Clauses for the transfer of personal data to processors established in third countries which do not ensure an adequate level of data protection.

  • electricity undertaking means any person engaged in the generation,transmission, distribution or supply of electricity including any holder of a licence or authorisation or a person who has been granted a permit under Section 37 of the Principal Act and any person transferring electricity to or from Ireland across an interconnector or who has made an application for use of an interconnector which has not been refused;

  • Investment Company means an investment company as defined in the Investment Company Act.

  • 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;

  • Approved Manager’s Undertaking means, in relation to each Ship, a letter of undertaking executed by the Approved Manager in favour of the Security Trustee in the Agreed Form agreeing certain matters in relation to the Approved Manager serving as the manager of that Ship and subordinating the rights of the Approved Manager against such Ship and the relevant Borrower to the rights of the Security Trustee under the Finance Documents;

  • Contractual Obligations means, as to any Person, any provision of any security issued by such Person or of any agreement, undertaking, contract, indenture, mortgage, deed of trust or other instrument, document or agreement to which such Person is a party or by which it or any of its Property is bound.