Memorandum of Undertaking definition

Memorandum of Undertaking. “MoU” means the formal agreement or any other document between the liquidator and the successful bidder which shall be executed within 4 days from the payment of 25% of the bid amount by the successful bidder and shall contain the detailed terms of arrangement and processes to be followed till the closing date in order to execute the transactions for transfer of the corporate debtor as a going concern or assets of the Corporate Debtor, as the case may be.
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Examples of Memorandum of Undertaking in a sentence

  • The first set of Memorandum of Undertaking (MoU) was signed by four Central Public Sector Enterprises for the year 1987-88.

  • The Company has entered into a Memorandum of Undertaking (MOU) with a prospective buyer and the process of due diligence is ongoing.

  • This means that Employment Business can provide 75% subsidised tutoring sessions in line with NTP’s Memorandum of Undertaking (MoU).

  • Memorandum of Undertaking (MOU) has now been signed by the Chairman, Vice Chairman and Clerk.

  • Being a Government Company, the Performance Evaluation of the company is carried by the Administrative Ministry i.e. Ministry of Petroleum and Natural Gas (MOP&NG) through the process of Memorandum of Undertaking in each financial year.

  • However, no such exercise was done and Department had also not signed any Memorandum of Undertaking or Memorandum of Understanding (MoU) with these disbursing banks/post offices to ensure compliance.Reply from Social Justice and Empowerment Department was awaited (December 2021).During exit conference, the department stated that ₹ 228 crore have been recovered from banks.

  • NBCC have signed a Memorandum of Undertaking (MOU) for development of East Delhi Hub.

  • The company signed a Memorandum of Undertaking with PDB to enter into a Share Purchase Agreement for the purchase of 100% of PEPI and Duta subject to PCC approval.

  • Each of the AVEZ sites had a Memorandum of Undertaking (MoU) agreed with the landowners that set out each site’s investment strategy, including priorities for investment of retained business rates.

  • Being a Government Company, the Performance Evaluation of the company is carried by the Administrative Ministry i.e. Ministry of Petroleum and Natural Gas (MOP&NG) through the processof Memorandum of Undertaking in each financial year.

Related to Memorandum of Undertaking

  • Memorandum of Understanding means the memorandum of understanding between the Funder and the Ministry in effect from time to time in accordance with the Management Board of Cabinet “Agencies and Appointments Directive”. Ministry means, as the context requires, the Minister or the Ministry of Health or such other ministry as may be designated in accordance with Applicable Law as the ministry responsible in relation to the relevant matter or the Minister of that ministry, as the context requires.

  • 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.

  • Memorandum of Agreement means the agreement executed by and between FFA and the Institution in which these Conditions have been incorporated by reference;

  • Memorandum of Association means the memorandum of association of the Company, as amended or substituted from time to time;

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Memorandum of Lease means a memorandum of this Lease, in recordable form, setting forth the following provisions of this Lease: (a) all information any Law requires;

  • Conciliation agreement means a written agreement setting forth the resolution of the issues in conciliation.

  • Letter of Understanding means the written agreement signed by the School District and the Architectural Designer that describes, attaches, incorporates, or explains the Scope or Scope of Work, the Task Order, the Project Schedule or Work Schedule, the basis of the applicable Fee method, and other requirements for individual Projects assigned by the School District.

  • Training Agreement means an agreement registered under the provisions of the Industrial and Commercial Training Act 1985.

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

  • Implementation Agreement means the Implementation Agreement dated ……… by and between the GOB, PGCB and the Company in connection with the Project, and also includes any amendment of it made from time to time;

  • Charter Agreement means an agreement made in accordance with Section 53G-5-303 that authorizes the operation of a charter school.

  • PILOT Agreement means the Agreement for Payments in Lieu of Ad Valorem Taxes entered into by and among the Board, the Company, the City and the County.

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

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

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Sponsor Letter Agreement has the meaning set forth in the recitals to this Agreement.

  • Side Agreement means the Side Agreement for Transfer Agency Services between the Customer and Transfer Agent dated as of January 1, 2015.

  • Planning Agreement means an agreement, undertaking or obligation pursuant to the provisions of section 106 Town and Country Planning Act 1990 or section 111 of the Local Government Act 1972, section 33 of the Local Government (Miscellaneous Provisions) Act 1982 or an infrastructure agreement pursuant to section 38 or section 278 of the Highways Act 1980 or the section 104 of the Water Industry Act 1991;

  • 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;

  • Framework Agreement means the Clauses of this Framework Agreement together with the Framework Schedules and annexes to it;

  • Interlocal Agreement means an agreement entered into under this act.

  • Enterprise Agreement means an agreement certified under the Workplace Relations Act 1996 (Cth) or approved under the Industrial Relations Act 1996 (NSW).

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

  • Mediation agreement means a written agreement between the parties to a mediation meeting.

  • Implementation Letter means the letter of even date herewith, from the Borrower to the Bank, containing the performance indicators for Project monitoring and evaluation;