Financial undertakings definition

Financial undertakings means:
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Financial undertakings means the undertakings set out in clause 11.36;
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Financial undertakings. Comprising those set out in paragraph 1 of SCHEDULE 3 (Financial Undertakings). Financial definitions and the basis of testing are also set out in SCHEDULE 3 (Financial Undertakings).
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Examples of Financial undertakings in a sentence

  • Any requirement in Clause 14.4 (Financial undertakings) is not satisfied at any time.

  • Financial undertakings must not finance projects and enterprises that violate fundamental requirements relating to human and labour rights, harm the environment or violate indigenous rights.

  • MCI is a financial institution, and operates pursuant to Act No. 161/2002 on Financial undertakings; cf.

  • Financial undertakings shall establish rules on handling of information on individual clients.

  • Financial undertakings shall make available information on the complaint and redress procedures of their clients if disputes arise between a client and a financial undertaking, including on referral to the Complaints Committee on Transactions with Financial Undertakings.

  • The Issuer may raise other debt financing (leverage) as well as to provide Security over the assets included in the Credit Portfolio as collateral, in each case subject to the provisions of Clauses 15 (General Undertakings) and 16 (Financial undertakings).

  • Financial undertakings have four days to update their website after ownership of holdings changes.

  • Financial undertakings are responsible for ensuring that securities provided under financial collateral arrangements for securities lending facilities with the Central Bank are free of liens and encumbrances.Subordinated instruments may not be provided as collateral.With the exception of covered bonds, an issuer may not use its own bonds or bills as collateral for its own facilities with the Central Bank.

  • Financial undertakings shall, however, state whether the information in question has been disclosed and give justifiable reasons for non-disclosure.Financial undertakings shall adopt a formal policy concerning the disclosure of information and for assessment of the appropriateness and frequency of their disclosures.

  • Financial undertakings acting as intermediaries for foreign exchange transactions and/or cross- border movement of capital related to gifts or grants according to Article 13(k), Paragraph 1 of Act no.


More Definitions of Financial undertakings

Financial undertakings means the financial undertakings under clause 5.
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Financial undertakings. : means the entities that professionally perform one or more of the activities specified in Annex 1 of the LISF;
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Related to Financial undertakings

  • 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).

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

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

  • 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.

  • 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;

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Undertakings as references to obligations under this Framework Agreement;

  • Financial Agreement means an agreement that meets the

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

  • 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.

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

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

  • Financial aid means loans and/or grants to needy students

  • 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;

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

  • 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.

  • Relevant Provisions means, in respect of the Determination Agent, the provisions of the Determination Agency Agreement, the Trust Deed, and the Conditions.

  • Manager’s Undertaking means, in relation to a Ship, the letter of undertaking from its Approved Technical Manager and the letter of undertaking from its Approved Commercial Manager subordinating the rights of such Approved Technical Manager and such Approved Commercial Manager respectively against that Ship and the relevant Borrower to the rights of the Finance Parties in agreed form.

  • Standard Receivables Undertakings means representations, warranties, covenants and indemnities entered into by the Company or any Subsidiary of the Company which are customary in a Qualified Receivables Transaction, including, without limitation, those relating to the servicing of the assets of a Receivables Entity, it being understood that any Receivables Repurchase Obligation shall be deemed to be a Standard Receivables Undertaking.

  • Financial Assistance Agreement means the Financial Assistance Agreement by and between the State of Wisconsin by the Department of Natural Resources and the Department of Administration and the Municipality pursuant to which the Bonds are to be issued and sold to the State, substantially in the form attached hereto and incorporated herein by this reference;

  • Master Standby Agreement means the Master Agreement for Standby Letters of Credit dated as of the Closing Date between Borrower, as Applicant, and GE Capital, as Issuer.

  • Financial assurance means a commitment of funds or resources by an operator to a regulatory authority that satisfies the requirements in s. 14 and is sufficient to pay for reclamation activities required by this chapter.

  • 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.

  • 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;