Group Business Entity definition

Group Business Entity means;
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Group Business Entity means a Business Entity, which directly or indirectly holds not less than 26% of voting securities in the Bidder; or A Business Entity in which the Bidder directly or indirectly holds not less than 26% of voting securities.
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Group Business Entity means a Business Entity, which directly or indirectly or through common control holds not less than 26% of voting securities in the Bidder; or A Business Entity in which the Bidder directly or indirectly or through common control holds not less than 26% of voting securities.
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Examples of Group Business Entity in a sentence

  • The Parties hereby undertake to participate in the Bidding Process only through this Consortium and not individually and/ or through any other consortium constituted for this Project, either directly or indirectly or through any of their Group Business Entity.

  • For the purpose of ascertaining qualification towards meeting Financial Capacity, the Bidder participating as a Single Bidder or as a Consortium can meet the Financial Capacity on its own or may claim the experience of its Parent, Ultimate Parent, Affiliate or Group Business Entity.

  • We hereby declare that in case any of our Group Business Entity (ies) not mentioned herein above participates in the Bidding Process, our Bid and the Bid of our Group Business Entity (ies) will be rejected and the Bid Security shall be forfeited.

  • For the purpose of ascertaining qualification towards meeting Financial Capacity criteria of the Bidder participating as a Consortium cannot claim the experience of its Parent, Ultimate Parent, Affiliate, Group Business Entity (ies) or any other Group Entity (ies) and the members of the Consortium shall meet the Financial Capacity on their own.

  • For the purpose of ascertaining qualification towards meeting Financial Capacity, criteria of the Bidder participating as a Single Bidder can meet the Financial Capacity on its own or may claim the experience of its Group Business Entity.

  • We further certify that in regard to matters relating to security and integrity of the country, we have not been charge-sheeted by any agency of the Government or convicted by a Court of Law for any offence committed by us or by any of our Group Business Entity.

  • In case the Bidder claims the net worth of Group Business Entity, it shall submit a certificate from the “Chartered Accountant or Statutory Auditor” for claiming financial capability of Group Business Entity in the format set out as Annex- IV.

  • The Financial Capacity would be summation of the net worth of the Bidder and the net worth of the Group Business Entity.

  • The Project (name of the project company) has generated (units of energy in kWh) and the (name of the Bidder/ Group Business Entity/ Consortium member) has operated the plant foryears from Commercial Operation Date.

  • The Parties hereby submitted their Bids only through this Consortium/ JV and not individually and/ or through any other consortium constituted for this Project, either directly or indirectly or through any of their Group Business Entity.

Related to Group Business Entity

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Minority-owned business means a business concern which is at least 51% owned by one or more minority persons, or in the case of a corporation, at least 51% of the stock in which is owned by one or more minority persons; and the management and daily business operations of which are controlled by one or more of the minority individuals who own it.