Major Undertaking definition

Major Undertaking means an undertaking under:

Major Undertaking means any T&M Services consisting of repairs or expenditures at the Project anticipated to result in T&M Costs in excess of [Five Thousand Dollars ($5,000)].

Major Undertaking means each of the Acquisition Undertakings (other than those set forth in paragraphs (h), (i) and (j) of Schedule VI) and each covenant set forth in Sections 6.05(a), 6.21, 7.01 through 7.09, 7.13, 7.16 and 7.23 (except to the extent that any failure to comply with Section 7.23 is the result of any actions taken or omitted to be taken by the Custodian or the Agents). .

Examples of Major Undertaking in a sentence

• For the avoidance of doubt, no undertakings other than those which are set out in Part II (Major Undertakings) of Schedule 5 (Major Representations, Undertakings and Events of Default) shall constitute a Major Undertaking.

• A significantdivestment could rise to the level of breaching a customary Major Undertaking on Fundamental Changes or Dispositions of Property and as such become a Major Event of Default.

• The Borrower does not comply with any Major Undertaking and, if capable of remedy, the same is not remedied within 20 Business Days of the earlier of it (i) becoming aware of a failure to comply and (ii) receiving written notice from the Agent notifying it of non-compliance.

• An Obligor does not comply with any Undertaking (or, in the context of a Major Default, any Major Undertaking) (unless the failure to comply is capable of remedy and is remedied within 30 days of an Obligor becoming aware of the failure to comply).

More Definitions of Major Undertaking

Major Undertaking means with respect to the Borrower or a Material Subsidiary of the Borrower (which, for the avoidance of doubt, shall not include the Target or any of its subsidiaries) any of the undertakings contemplated by Sections 5.6, 6.1, 6.2, 6.3, 6.4, 6.5 and 6.7.

Major Undertaking means an undertaking set out in Part II of Schedule 6 (other than, during the Certain Funds Period, paragraph 7(vii) to (x) (Conduct of Scheme and/or Offer)).

Major Undertaking means an undertaking under clause 23.5 (Special Purpose Vehicle), and a negative undertaking under clause 18.27 (Sanctions), 22.9 (Financial Indebtedness), 22.10 (Loans or credit), 22.11 (Negative pledge), 22.12 (Disposals), 22.13 (Mergers/Acquisitions), 22.14 (Change of business) or 23.7 (Offtake Agreements); and

Major Undertaking means an undertaking set out in Part 2 (Major Undertakings) of Schedule 4 (Major Representations, Major Undertakings and Major Events of Default).

Major Undertaking means, with respect to an Acquisition Obligor only (and ignoring (i) any member of the Target Group, (ii) any procuring obligation on the part of any Acquisition Obligor in respect of a person that is not an Acquisition Obligor, and (iii) any reference or application to any member of the Group that is not an Acquisition Obligor) and insofar as it relates to a Certain Funds Finance Documents only, an undertaking under any of Clause 24.4 (Sanctions) (other than in respect of payments to be made by the Company under the Acquisition Documents), Clause 24.7 (Merger) to Clause 24.11 (Holding Companies) (inclusive), Clause 24.13 (Pari passu ranking) to Clause 24.15 (Disposals) (inclusive), Clause 24.17 (Loans or credit) to Clause 24.22 (Share capital) (inclusive), Clause 24.34 (Acquisition Undertakings) and Clause 24.36 (Share Transfer Agreements).

Major Undertaking means each covenant set forth in Section 2.5(a), Section 5.5 and Section 5.6 of this Agreement (other than those set forth in Sections 5.6(g), 5.6(h), 5.6(i), 5.6(j) and 5.6(k)).

Major Undertaking means an undertaking under any of Clause 26.3 (Negative pledge) to Clause 26.6 (Change of business) inclusive, Clause 26.10 (Guarantees), Clause 26.11 (Loans out), Clause 26.14 (Ownership of Borrowers (other than the Company)) and paragraphs (a), (b), (c), (f), or (h) of Clause 26.15 (Acquisition-related undertakings). Table of Contents