Examples of TGP Group in a sentence
It is envisaged that in the normal course of their business, transactions between companies in the TGP Group and the Related Party are likely to occur from time to time and it may be impracticable to seek shareholders’ approval on a case by case basis before entering into such related party transactions.
Generally, the Recurrent Transactions provide the TGP Group with an effective network of support to its operational needs which brings about operational benefits in terms of overall effectiveness and efficiency.
The Recurrent Transactions of which were entered into or to be entered into by the TGP Group are in the ordinary course of business.
The Proposal, if approved, will not have any financial effects on the issued and paid-up share capital and major shareholders’ shareholdings of TGP and is not expected to have a material effect on the earnings or the net tangible assets of TGP Group.
The Borrower may not make any loans or advances or issue any guarantees to any person or make any investments other than under or pursuant to the Bareboat Charter or in the ordinary course of business (provided always that, in the case of third parties, the Lenders have given their prior written consent) or to other members of the TGP Group on a subordinated and unsecured basis.
No litigation, arbitration or administrative proceeding of or before any court, arbitral body or agency against any member of the TGP Group has been started or, to its knowledge, threatened, which have or, if adversely determined, are reasonably likely to have a Material Adverse Effect or which is not covered by adequate insurance.
Any amount borrowed hereunder, and the performance of the obligations of the Security Parties under the Finance Documents, will be for the account of members of the TGP Group and will not involve any breach by any of them of any law or regulatory measure relating to “money laundering” as defined in Article 1 of the Directive (2005/60/EEC) of the Council of the European Communities or article 305 bis of the Swiss Penal Code.
The Proposed Renewal of Shareholders’ Mandate will apply to the following Recurrent Transactions entered into by the TGP Group with the following Related Parties :- B.
At the 18th AGM held on 30th July 2012, the Company had obtained a Shareholders’ Mandate to enable the TGP Group to enter into Recurrent Transactions with Related Parties in the ordinary course of business based on commercial terms which are not more favourable to the Related Parties than those generally available to the public which are necessary for TGP’s day-to-day operations.
At the 22nd AGM held on 24th June 2016, the Company had obtained a Shareholders’ Mandate to enable the TGP Group to enter into Recurrent Transactions with Related Parties in the ordinary course of business based on commercial terms which are not more favourable to the Related Parties than those generally available to the public which are necessary for TGP’s day-to-day operations.