Examples of KEL Group in a sentence
Each Obligor that has entered into a Security Document that creates, or purports to create, a Security Interest over any shares shall (and the Original Borrower shall ensure that each other member of the KEL Group will) ensure that no company whose shares are subject to such Security Interest and which is incorporated in the United Kingdom keeps information in respect of its members on the central register kept by the Registrar at Companies House.
The Obligors shall use reasonable endeavours to achieve carbon neutrality in respect of scope 1 and 2 CO2 emissions/emissions intensity for operated activities or facilities for the KEL Group (excluding any members of the KEL Group which were not members of the KEL Group on 12 May 2021) by or prior to 2030.
As announced by the Company on 14 August 2019, the lower oil prices and lower sales have impacted its revenue for 1H2019 and the net loss for 1H2019 resulted in a capital deficiency position for the KEL Group, bringing the total debt recognised on the KEL Group’s balance sheet to approximately US$476.8 million as at 30 June 2019.
The Company and the KEL Group will restructure their liabilities under the Revolving Credit Facility through a Bilateral Arrangement.
No Borrower shall (and the Original Borrower shall ensure that no other member of the KEL Group will) directly or indirectly use the proceeds of the Facility for any purpose which would breach, or cause a Finance Party to breach, the Bribery Act 2010, the United States Foreign Corrupt Practices Act of 1977 or other similar legislation applicable to it or the Finance Parties.
In addition, the surety may claim a further amount of up to a maximum of HK$11 million in respect of executed performance bonds which are paid on behalf of the KEL Group between 28 June 2000 and the second anniversary of the KEL Group’s schemes of arrangement.
Under the Agreement, the KEL Group will admit to an amount of HK$56 million claimed by the surety in respect of the KEL Group’s performance bonds paid before 31 March 1999 and such an amount will be submitted by the surety to the scheme administrator of the KEL Group’s schemes of arrangement.
The Obligors shall use reasonable endeavours to achieve carbon neutrality in respect of scope 1 and 2 CO2 emissions/emissions intensity for operated activities or facilities for the KEL Group (excluding any members of the KEL Group which were not members of the KEL Group on the Effective Date) by or prior to 2030.
Each member of the KEL Group has conducted its businesses in compliance with applicable anti-corruption and anti-money laundering laws and regulations and has instituted and maintains and enforces policies and procedures designed to promote and achieve compliance with such laws and regulations.
Accordingly, the results of the KEL Group were consolidated into the Group’s results in the previous period up to 14 March 2000.NOTES TO FINANCIAL STATEMENTS (Continued)For the year ended 31 July 2001 2.