National Company definition
Examples of National Company in a sentence
Notwithstanding anything stated in this Agreement, the Lender is authorized to take all actions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇ (“SARFAESI Act”), and/or under debt recovery tribunals and/or under National Company Law Tribunal or at any other forum permitted by the Indian judiciary system from time to time.
This right is in addition to any right of pre-emption granted to the National Company under the Joint Operating Agreement.
The National Company shall then have the right to purchase the assigning Party’s interest under this Contract and proposed to be assigned, transferred or otherwise disposed of on the same terms and conditions as those offered to a bona-fide assignee.
From that point on, the National Company shall be responsible for all its costs in respect of the area covered by the approved Development and Production Plan.
In addition, Corporation may at its option enter into an agreement with a Multi-national company or National Company with at least a half billion in annual revenues to Private Label the products covered by this agreement for sale in any Territory as an exclusion to this agreement provided the products are promoted and sold under a different name and trademark.
Pursuant to the order dated 15th December, 2017 (“Order”) of the Hon’ble National Company Law Tribunal, Kolkata bench (“NCLT”), CORPORATE DEBTOR is placed into liquidation process under the Insolvency and Bankruptcy Code, 2016 (“IBC”).
For this purpose, and in accordance with the provisions of Articles 86 and 87 of the Hydrocarbons Law, if the State so requests, the Parties comprising the Contractor (other than the National Company) shall sell to the State at the Delivery Point a portion of its Net Crude Oil and/or Net Natural Gas for internal consumption in the country.
For the avoidance of doubt, the National Company's Participation Interest in respect of the remainder of the Contract Area shall continue to be carried and paid for by the Parties comprising the Contractor (other than the National Company) in proportion to their respective Participation Interests (not including the National Company's) until such time as the National Company elects to convert its carried interest into a full working interest.
For this purpose, and in accordance with the provisions of Articles 86 and 87 of the Hydrocarbons Law, if the State so requests, the Parties constituting the Contractor (other than the National Company) will sell a portion of their Net Crude Oil and/or Net Natural Gas to the State at the Delivery Point for internal consumption in the country.
For the purposes of this Article 3 any expenditure of the Parties comprising the Contractor (other than the National Company) under Article 8.2 shall not be treated as an expenditure for the purpose of satisfying the minimum expenditure obligations set out herein.