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.
The Company and the KEL Group will restructure their liabilities under the Revolving Credit Facility through a Bilateral Arrangement.
Accordingly, the results of the KEL Group were consolidated into the Group’s results up to 14 March 2000.
These Excluded Creditors will not be compromised under the Scheme or any other restructuring process as they have ongoing relationships with the KEL Group and are crucial to business continuity and the continued operations of the various assets of the KEL Group.
Prior to 30 September 2021, the Original Borrower and one or more Lenders selected by the Original Borrower (the “ESG Negotiators”) shall negotiate in good faith to agree the sustainability-linked key performance indicators (each a “KPI”) for the KEL Group which apply to an adjustment to the Margin after 30 September 2021 and associated amendments, consents or waivers to this Agreement or the other Finance Documents on the basis of the following parameters: cxli.
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.
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.
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.
Pursuant to a restructuring and settlement agreement dated 31 October 2000 (the “Agreement”), the Group agreed with a surety to settle liabilities under indemnities given by the Group, including the KEL Group, for performance bonds executed by the surety on their behalf.