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Existing Undertakings definition

Existing Undertakings means the undertakings provided in the spin-off agreement between LSD and the Company, a deed of undertaking provided by LSD and the non-compete agreement among LSG, Dr. Lam Kin Ngok, Peter, Dr. Lam Kin Ming, the late Mr. Lim Por Yen and the Company, all dated 12 November 1997, details of which have been disclosed in the listing document of the Company dated 18 November 1997; and
Existing Undertakings means the undertakings provided in the spin-off agreement between LSD and LFH, a deed of undertaking provided by LSD and the non- compete agreement among LSG, Dr. Lam Kin Ngok, Peter, Dr. Lam Kin Ming, the late Mr. Lim Por Yen and LFH, all dated 12 November 1997, details of which have been disclosed in the listing document of LFH dated 18 November 1997; and
Existing Undertakings means the undertakings given by the BT Vendor to the Secretary of State for Trade and Industry signed on 23 July, 1996, in the agreed form;

Examples of Existing Undertakings in a sentence

  • Environmental mattersThe Company’s exploration activities are subject to various federal and international laws and regulations governing the protection of the environment.

  • The Existing Undertakings will continue to protect the Lai Fung Group while, in conjunction with the Deed of Conditional Waiver, aim to watchfully and in moderation allow the Lai Fung Group to strengthen its market competitiveness and future growth prospects.

  • The Proposed Amendments On 8 March 2019, the Company executed the 2019 Supplemental Deed in favour of LSD, LSG and the Lim Family in relation to certain amendments to the Existing Undertakings to expand the scope and application of the Listed Securities Exemption.

  • Facilitate business development As advised by the Management, the Company was compelled to abandon several potential business opportunities due to its strict compliance with the requirements under the Existing Undertakings and the Deed of Conditional Waiver.

  • Further details on the Existing Undertakings were set out in the listing document of the Company dated 18 November 1997.

  • Used for calculating contributions for Existing Undertakings eg Governance, R&D, Education and Office Project.

  • Under the Deed of Conditional Waiver, if for whatever reason Lai Fung does not take up or participate at all in an opportunity restricted under the Existing Undertakings, the Group and the LSD Group, being bound by the Existing Undertakings, will be prohibited from pursuing the same, which will not help shore up the image of the Lai Sun Group standing by or stepping in for Lai Fung, but will promote an image of Lai Fung being isolated from the Lai Sun Group.

  • Under the Deed of Conditional Waiver, if for whatever reason the Company does not take up or participate at all in an opportunity restricted under the Existing Undertakings, the LSG Group and the LSD Group, being bound by the Existing Undertakings, will be prohibited from pursuing the same, which will not help shore up the image of the Lai Sun Group standing by or stepping in for the Company, but will promote an image of the Company being isolated from the Lai Sun Group.

  • The City's share as on 30 June 2019: SMRC Existing Undertakings Proportional Equity Share:11.19% (b) Regional Resource Recovery Centre (RRRC) Project RRRC Project Participants shall make an annual contribution towards the acquisition of any asset of a capital nature required by the Project, plus pay gate fees for each tonne of waste they deliver to the facility to cover the operating costs.

  • In addition to the above two projects, the support activities of SMRC such as Administrative activities, Education and Marketing and Research and Development, are referred to as Existing Undertakings.

Related to Existing Undertakings

  • Undertakings as references to obligations under this Framework Agreement;

  • Special Purpose Financing Undertakings means 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 Company or any of its Restricted Subsidiaries that the Company 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 or (ii) Hedging Obligations, or other obligations relating to Interest Rate Agreements, Currency Agreements or Commodities Agreements entered into by the Company or any Restricted Subsidiary, in respect of any Special Purpose Financing or Financing Disposition, 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 Company or a Restricted Subsidiary that is not a Special Purpose Subsidiary.

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

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

  • Standard Securitization Undertakings means representations, warranties, covenants and indemnities entered into by the Borrower or any Subsidiary of the Borrower that are customary in a Securitization Financing.

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

  • 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.

  • Existing uses means those uses actually attained in state waters on or after July 1, 1971, whether

  • admission arrangements means the arrangements for a particular school or schools which govern the procedures and the decision making for the purposes of admitting pupils to the school.

  • Disclosure Undertaking means the Continuing Disclosure Undertaking, dated as of the Dated Date, relating to certain obligations contained in the SEC Rule.

  • 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;

  • 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;

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

  • Manager’s Undertakings means the undertakings, provided by the Manager respecting the Vessel, including, inter alia, a statement satisfactory to the Facility Agent that any lien in favor of the Manager respecting the Vessel is subject and subordinate to the Vessel Mortgage in substantially the form attached to the Assignment of Management Agreements or otherwise reasonably satisfactory to the Facility Agent.

  • Existing use means a use actually attained in a surface water of the state on or after November 28, 1975, whether or not it is a designated use.

  • 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;

  • Letter of Undertaking means the letter of undertaking from, amongst others, the Issuer and its Managing Directors to the Initial Purchaser, Investment Manager and the Trustee.

  • Original Obligations means the “Obligations” as defined in the Original Credit Agreement.

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

  • Additional Agreements means all agreements, instruments, documents and opinions other than this Loan Agreement, whether with or from Customer or any other party, which are contemplated hereby or otherwise reasonably required by MLBFS in connection herewith, or which evidence the creation, guaranty or collateralization of any of the Obligations or the granting or perfection of liens or security interests upon the Collateral or any other collateral for the Obligations.

  • Confidentiality Undertaking means a confidentiality undertaking substantially in a recommended form of the LMA or in any other form agreed between the Borrower and the Agent.

  • Existing source or existing discharger (in the NPDES program) means any source which is not a new source or new discharger.

  • Existing Contract means an unexpired Contract entered into by the Council and a Provider for works, services and/or goods.

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

  • Facility Letter means, in relation to any Facilities, such facility letters from Citibank to me or any agreement, document or instrument or arrangement from time to time made between Citibank and me relating to such Facilities, whether they are expressed to be subject to the Terms or otherwise.

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;