FDE Group definition

FDE Group means the [Supplier, Key Sub-contractors, [the Guarantor] and the [Monitored Suppliers]];
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FDE Group any Contract Change which the Parties agree to expedite in accordance with Paragraph 7 of Schedule 9. means the Supplier and any of it’s its key sub-contractors "FOIA" the Freedom of Information Act 2000 and any subordinate legislation made under this Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner or relevant government department in relation to such legislation.
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FDE Group has the meaning given in Schedule 10 (Financial Distress);
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Examples of FDE Group in a sentence

  • The Supplier warrants and represents to the Authority for the benefit of the Authority that as at the Effective Date: the long term credit ratings issued for each entity in the FDE Group by each of the Rating Agencies are as set out in Annex 2 of this Schedule; and the financial position or, as appropriate, the financial performance of each of the Supplier, Guarantor and Key Sub-contractors satisfies the Financial Target Thresholds.

  • The Supplier shall promptly notify (or shall procure that its auditors promptly notify) the Authority in writing if there is any downgrade in the credit rating issued by any Rating Agency for any entity in the FDE Group (and in any event within 5 Working Days of the occurrence of the downgrade).


More Definitions of FDE Group

FDE Group means the Supplier, Key Sub-contractors, [the Guarantor] and the Monitored Suppliers;
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FDE Group means, for the relevant Call‑off Contract, the Supplier, the Guarantor (if any) and Key Sub‑contractors (if any)
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FDE Group. “Financial Distress Event” means the [Supplier, Subcontractors, [the Guarantor] the credit rating of an FDE Group entity dropping below the applicable Financial Metric; an FDE Group entity issuing a profits warning to a stock exchange or making any other public announcement, in each case about a material deterioration in its financial position or prospects; there being a public investigation into improper financial accounting and reporting, suspected fraud or any other impropriety of an FDE Group entity; an FDE Group entity committing a material breach of covenant to its lenders; a Subcontractor notifying CCS or the Buyer that the Supplier has not satisfied any material sums properly due under a specified invoice and not subject to a genuine dispute; any of the following: commencement of any litigation against an FDE Group entity with respect to financial indebtedness greater than £5m or obligations under a service contract with a total contract value greater than £5m; non-payment by an FDE Group entity of any financial indebtedness; any financial indebtedness of an FDE Group entity becoming due as a result of an event of default; the cancellation or suspension of any financial indebtedness in respect of an FDE Group entity; or the external auditor of an FDE Group entity expressing a qualified opinion on, or including an emphasis of matter in, its opinion on the statutory accounts of that FDE entity; in each case which the Buyer reasonably believes (or would be likely to reasonably believe) could directly impact on the continued performance and delivery of the Services in accordance with the Call-Off Contract; and any two of the Financial Metrics for the Supplier not being met at the same time. “Parent Undertaking” has the meaning set out in section 1162 of the Companies Act 2006; “Public Sector Dependent Supplier” means a supplier where that supplier, or that supplier’s group has Annual Revenue of £50 million or more of which over 50% is generated from UK Public Sector Business; “Strategic Supplier” means those suppliers to government listed at xxxxx://xxx.xxx.xx/government/publications/strat egic-suppliers; “Subsidiary Undertaking” has the meaning set out in section 1162 of the Companies Act 2006; “Supplier Group” means the Supplier, its Dependent Parent Undertakings and all Subsidiary Undertakings and Associates of such Dependent Parent Undertakings; “UK Public Sector Business” means any goods, service or works provision to UK public sector bodies, incl...
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Related to FDE Group

  • Combined Group means a group of corporations or other entities that files a Combined Return.

  • DBS Group means any of DBS’s subsidiaries, DBS’s holding company and any subsidiaries of DBS’s holding company;

  • Parent Group has the meaning set forth in Section 8.03(c).

  • Affiliated Group means any affiliated group within the meaning of Section 1504(a) of the Code or any similar group defined under a similar provision of state, local or foreign law.

  • Seller’s Group means the Seller and any company which is, on or after the date of this Agreement, a subsidiary or holding company of the Seller or a subsidiary of a holding company of the Seller, and excludes, for the avoidance of doubt, any Group Company, and "Seller's Group Company" shall be construed accordingly.

  • SpinCo Group has the meaning set forth in the Separation Agreement.

  • Retained Group means the Seller, its subsidiaries and subsidiary undertakings from time to time, any holding company of the Seller and all other subsidiaries or subsidiary undertakings of any such holding company (except members of the Group);

  • Related Group For Loan Group 1, Group 1 and for Loan Group 2, Group 2.

  • Tax Group has the meaning set forth in Section 7.06(h)(iii).

  • Minority Group means any of the following racial or ethnic groups:

  • Promoter Group means such persons and entities constituting the promoter group as per Regulation 2(1)(pp) of the SEBI ICDR Regulations.

  • Participating Company Group means, at any point in time, all corporations collectively which are then Participating Companies.

  • Designated Group means - i) Black designated groups; ii) Black People; iii) Women; iv) people with disabilities or v) Small enterprise, as defined in Section 1 of National Small Enterprise Act, (102 of 1996)

  • Corporate Group means the Corporation and its Subsidiaries treated as a single consolidated entity.

  • Client Group means Client, any corporate body of which Client is a subsidiary (as defined by s. 1159 of the Companies Act 2006), any other subsidiary of such corporate body and any subsidiary of Client;

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • the Group means the Company and its subsidiary undertakings (if any); and