LICENCE UNDERTAKING definition

LICENCE UNDERTAKING means any undertaking or assurance given in connection with the Offer by any one or more of the Company, the Target or any Affiliate of any of them to the Director General or the Secretary of State concerning the management and/or ownership of and/or other matters concerning the Target once it has become a Subsidiary of the Company. "Loan" means a Facility A Loan, a Facility B Loan or a Facility C Loan. "Loan Note" means any loan note offered or issued by the Company to shareholders of the Target in connection with the Offer.
Sample 1Sample 2
LICENCE UNDERTAKING them to the Director General, the Director General of Gas Supply or the Secretary of State concerning the management and/or ownership of and/or other matters concerning the Licensee once the Target has become a Subsidiary of the Primary Borrower;
Sample 1Sample 2
LICENCE UNDERTAKING means any and each undertaking or assurance by any one or more of the Parent, the Primary Borrower, Finco 2, Bidco, the Target or The Energy Group Limited (xxxxany number 3613919) or any Affiliate of any of them to the Director General, the Director General of Gas Supply or the Secretary of State concerning the management and/or ownership of and/or other matters concerning any Licensee;
Sample 1

More Definitions of LICENCE UNDERTAKING

LICENCE UNDERTAKING means any and each written undertaking or assurance given in connection with the Offer by any one or more of Services, PA or TEG or any Affiliate of any of them to the Director General or the Director General of Gas Supply or the Secretary of State concerning the management and/or ownership of and/or other matters concerning TEG or any other member of the TEG Group once it has become a Subsidiary of Services.
Sample 1
LICENCE UNDERTAKING means any and each undertaking or assurance given in connection with the Offer by any one or more of CSW, the Company, Bidco or the Target or any Affiliate of any of them to the Director General or the Secretary of State concerning the management and/or ownership of and/or other matters concerning the Target once it has become a Subsidiary of the Company.
Sample 1
LICENCE UNDERTAKING means any and each undertaking or assurance given to the Director General or the Secretary of State concerning the management and/or ownership of and/or other matters concerning the REC Group;
Sample 1
LICENCE UNDERTAKING means any undertaking or assurance given in connection with the Acquisition by any one or more of the Company, London Electricity or any Affiliate of any of them to the Director General or the Secretary of State concerning the management and/or ownership of and/or other matters concerning London Electricity. "Loan" means a Facility A Loan or a Facility C Loan. "London Electricity Group" means at any time London Electricity and its Subsidiaries at that time. "Majority Banks" means, at any time, Banks:- (a) whose participations in all Loans then outstanding aggregate more than 662/3 per cent. of all Loans then outstanding; or (b) if there are no Loans then outstanding, whose Commitments then aggregate more than 662/3 per cent. of the Total Commitments; or (c) if there are no Loans then outstanding and the Total Commitments have been reduced to zero, whose Commitments aggregated more than 662/3 per cent. of the Total Commitments immediately before the reduction. "Margin" means: (a) in respect of a Facility A Loan, 1.00 per cent per annum or, as the case may be, subject to Clause 9.1(b) (Interest rate) and with effect from each applicable Margin Adjustment Date, at any time when the Capitalisation Ratio is: (i) greater than 70 per cent., 1.00 per cent. per annum; (ii) equal to or less than 70 per cent., but greater than 65 per cent., 0.75 per cent. per annum; (iii) equal to or less than 65 per cent., but greater than 60 per cent., 0.60 per cent. per annum; (iv) equal to or less than 60 per cent., but greater than 55 per cent., 0.45 per cent. per annum; and (v) equal to or less than 55 per cent., 0.30 per cent. per annum; or (b) in respect of a Facility C Loan, 0.25 per cent. per annum. "Margin Adjustment Date" means, in respect of a Facility A Loan, the first day of the first Interest Period for that Facility A Loan commencing after each determination of the Capitalisation Ratio following delivery by the Company of a certificate under Clause 17.2(b)(i) or (ii) (Financial information). "Material Subsidiary" means: (a) London Electricity; (b) any member of the Group (other than the Company and any Project Finance Subsidiary): (i) which is the Licenceholder; or (ii) whose pre-tax operating profits represent at least ten per cent. of the consolidated pre-tax operating profits of the Group; or (iii) the book value of whose gross assets represents at least ten per cent. of the consolidated gross assets of the Group, and for this purpose: (A) in the case of a company...
Sample 1
LICENCE UNDERTAKING means any and each undertaking or assurance by any one or more of the Parent, the Primary Borrower, Xxxxx 2, Bidco, the Target or The Energy Group Limited (company number 3613919) or any Affiliate of any of them to the Director General, the Director General of Gas Supply or the Secretary of State concerning the management and/or ownership of and/or other matters concerning any Licensee;
Sample 1

Related to LICENCE UNDERTAKING

  • insurance undertaking means insurance undertaking as defined in point (1) of Article 13 of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (1);

  • reinsurance undertaking means reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;

  • Performance Undertaking means that certain Performance Undertaking, dated as of May 10, 2002, by Performance Provider in favor of Seller, substantially in the form of Exhibit XI, as the same may be amended, restated, supplemented or otherwise modified from time to time.

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

  • L/C Undertaking has the meaning set forth in Section 2.12(a).

  • Licence Agreement means an agreement (whether or not in writing) between the owner of student accommodation and a student giving a licence to the student;

  • 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.

  • Group Undertaking means the Company or another undertaking in the group;

  • Letter of Undertaking means the letter of undertaking from, amongst others, the Issuer and its Managing Directors to the Initial Purchaser, Investment Manager and the Trustee.

  • Confidentiality Undertaking means a confidentiality undertaking substantially in a recommended form of the LMA or in any other form agreed between the Borrower and the Agent.

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

  • Undertaking Letter The letter in substantially the form set forth in Exhibit C of the Trust Agreement.

  • Deed of Assignment means the deed of assignment of the Shareholder Loan in the agreed form set out in Schedule 6 (Deed of Assignment) to be entered into between the Seller and the Buyer upon Completion.

  • Programme Agreement means the programme agreement entered into on or about the date hereof between, inter alios, the Guarantor, the Sellers, the Issuer, the Representative of the Covered Bondholders and the Dealers.

  • 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.

  • Commercial Agreement means an agreement, other than an agency agreement, made between carriers and relating to the provision of their joint services for carriage of passengers by air;

  • Affidavit and Undertaking means the affidavit and undertaking provided by the Bidder substantially in form and manner as annexed in Annexure I hereto;

  • 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;

  • Main Agreement means the part of this Agreement that commences on the first page and ends with but includes Schedule A, excluding Section 3(d) (which incorporates this Schedule C into the Agreement).

  • 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.

  • the Licence means the Instrument of Appointment by the Secretary of State for the Environment of Severn Trent Water Limited as a Water and Sewerage Undertaker under the Water Act 1989;

  • Tripartite Agreement shall have the meaning ascribed to such term in Recital VI of this Agreement;

  • Charterparty Assignment means, in relation to a Ship, the deed of assignment of any Charterparty in favour of the Security Trustee, in such form as the Lenders may approve or require;

  • network licence means the network licence, as the same is amended from time to time, granted to Network Rail Infrastructure Limited by the Secretary of State in exercise of his powers under section 8 of the Railways Act l993;

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

  • licence means a licence granted under this Act;