Licenced Business definition

Licenced Business means the business relating to supply of electricity as authorised under a Distribution licence.
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Licenced Business means the international banking business or the trust business, as the case may be, that the licensee is licensed to carry on;
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Licenced Business means the business of Distribution in the Area of Licence as authorized under the Transmission Licence;
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Examples of Licenced Business in a sentence

  • Thus, to the extent Yusen believed that the invoices it paid were invoices for fees earned by the Rodriguez firm instead of Clark Hill, this was not a false belief, and did not result in any damages.Yusen also claims that it falsely believed the firm would perform or had performed the specific legal services outlined in the engagement letter.

  • The Licensee shall, as soon as possible and no later than 180 days after this Licence has come into force or such other time as the Commission may allow, prepare and submit for information before the Commission, a Disaster Management Plan, to address emergencies that may arise in connection with and arising out of the conduct of the Licenced Business.

  • Wenzhou Zhongbo is a company holding the License which has been granted the permission to conduct the Licenced Business in the PRC and is expected to expand its scope of business into certain areas of the Licensed Business.

  • Income Tax, if any, on the Licenced Business of the Transmission Licensee shall be treated as expense and shall be recoverable from its beneficiaries.

  • However, tax on any income other than that through its Licenced Business shall not be a pass through, and it shall be payable by the Transmission Licensee itself.

  • Expected Revenue from the Licenced Business, Non-Tariff Income and income from Other Business and other matters considered appropriate by the Transmission Licensee.

  • Wenzhou Zhongbo is holding the License which has been granted by National Radio and Television Administration for the permission to conduct the Licenced Business in the PRC and is expected to expand its scope of business intocertain areas of the Licensed Business.

  • Question: 2.What is “Aggregate Revenue Requirement [ARR]” ?Answer:ARR means the requirement of the Transmission Licensee or Distribution Licensee for recovery, through tariffs, of allowable expenses and return on equity pertaining to its Licenced Business, in accordance with the GERC MYT Regulations, 2011.

  • Thus, applying only one apportionment ratio to all administrative costs will lead to over and/or under allocation of costs to DSL’s Licenced Business.

  • Maintain separate information and statement of accounts for the Licenced Business and any OtherBusiness carried on by the Transmission Licensee: Provided, further that, the Licensee shall submit separate accounts for its Licenced Business and overall accounts of the Company as a whole.


More Definitions of Licenced Business

Licenced Business means any business, person or body licenced in terms Chapter 4 and “licenced person” or “licence holder” has a corresponding meaning;
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Licenced Business means the business of the Licencee utilizing the electricity Generating Facilities;
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Licenced Business means the business of transmission of electrical power in the Area of licence as authorised under the transmission licence;
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Licenced Business means the functions and activities, which the Licensee is required to undertake in terms of the Licence granted by the Commission or as a deemed Licensee under the Act;
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Licenced Business means the functions and activities, which the Licensee is required to undertake in terms of the Licence granted or being a deemed Licensee under the Act;
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Related to Licenced Business

  • Licensed Business means the activities connected with the conveyance of

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Excluded Business has the meaning set forth in Section ‎9.1.1.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Restricted Business has the meaning set forth in Section 6.7(a).

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;

  • Acquired Business means the entity or assets acquired by the Borrower or a Subsidiary in an Acquisition, whether before or after the date hereof.

  • Authorized business means 1 of the following:

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.