Separate Business definition

Separate Business means each of the activities of the Licensee connected

Separate Business means each of the activities of the Licensee connected with:(a) the conveyance of gas by means of a transmission pipe-line pursuant to a licence granted in accordance with Article 8(l)(a) of the Order;

Separate Business means any business or businesses of the Licensee, whether carried out directly or by an affiliate or related undertaking of the Licensee, other than the Transmission System Operation Business;

Examples of Separate Business in a sentence

• References in this Condition to costs or liabilities of, or reasonably attributable to, any Separate Business shall be construed as excluding taxation, capital liabilities which do not relate principally to a particular Separate Business, and interest thereon; and references to any accounting statement shall be construed accordingly.

• The Licensee shall keep proper books of account and records in such a form that the revenues and costs, assets and liabilities of, or reasonably attributable to, each Separate Business are separately identifiable in the books of the Licensee from those of any other business.

• The Authority may, from time to time, direct that the definition of “Separate Business” is, for the purposes of this Condition 1.2, modified so that the activities of the Licensee connected with the supply of has to such class, or classes, of consumer as may be designated in the direction shall each be treated as a Separate Business.

• The Licensee shall set out, in notes to the published accounts (referred to in Condition 1.2.8(c), any transaction relating to any Separate Business that was undertaken with an associated undertaking and that has a value of over £500,000.

• The Licensee shall keep proper books of account and records in such a form that the revenues and costs, assets and liabilities of, or reasonably attributable to, each Separate Business are separately identifiable in the books of the Licensee from those of any other business .

More Definitions of Separate Business

Separate Business means each of the Distribution, Supply, Second Tier Supply and Generation Businesses taken separately from one another and from any other business of the Licensee, but so that where all or any part of such business is carried on by an affiliate or related undertaking of the Licensee such part of the business as is carried on by that affiliate or related undertaking shall be consolidated with any other such business of the Licensee (and of any other affiliate or related undertaking) so as to form a single Separate Business.

Separate Business means each and any of

Separate Business means each or any of:(a) any supply business of (i) the licensee or (ii) an affiliate or related undertaking of the licensee;(b) any distribution business of (i) the licensee or (ii) an affiliate or related undertaking of the licensee;(c) any generation business of (i) the licensee or (ii) an affiliate or related undertaking of the licensee;(d) any interconnector business of (i) the licensee or (ii) anaffiliate or related undertaking of the licensee;”

Separate Business means each of:

Separate Business means each of the Distribution Business and the

Separate Business means each or any of:

Separate Business means each of:- the Generation Business;- the Transmission System Owner’s Business;- the Distribution Business;- the Supply Business;- the Independent Supply Business;- the Group Business; each taken separately from each other and from any other business of the Licensee or any affiliate or related undertaking of the Licensee, but so that where all or anypart of such business is carried on by an affiliate or related undertaking of the Licensee, such part of the business as is carried on by that affiliate or related undertaking shall be consolidated with any such other business of the Licensee (and of any other affiliate or related undertaking of the Licensee) so as to form a single Separate Business;