Transferred Unit definition

Transferred Unit means an industrial unit whose ownership or management has been transferred in pursuance of the provisions of the State Financial Corporations Act. 1951 or SIDBI Act, 1989 or transferred with the approval of OSFC or IPICOL or SIDBI.
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Transferred Unit means an industrial unit whose ownership / management has been transferred in pursuance of provision of the State Financial Corporations Act, 1951 or transferred with approval of OSFC / IPICOL.
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Transferred Unit means an industrial unit whose ownership or management has been transferred in pursuance of the provisions of the State Financial
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Examples of Transferred Unit in a sentence

  • Any transferee of all or a portion of a Unit (whether or not admitted as a Substituted Member) shall take subject to and assume, by operation of Law or express agreement, all of the obligations of the transferor Member under this Agreement with respect to such Transferred Unit.

  • Notwithstanding the foregoing, any transferee of any Transferred Unit shall be subject to any and all ownership limitations contained in the Charter that may limit or restrict such transferee’s ability to exercise its Exchange Rights.

  • Such allocation shall be made without regard to the date, amount or receipt of any distributions that may have been made with respect to the Transferred Unit.

  • If any Unit is Transferred during any accounting period in compliance with the provisions of this Article 9, Profits, Losses, each item thereof, and all other items attributable to the Transferred Unit for such period will be divided and allocated between the transferor and the transferee by taking into account their varying interests during the period in accordance with Code Section 706(d), using any conventions permitted by law and selected by the Company in its reasonable discretion.

  • Notwithstanding the foregoing, in the event that a Participant shall suffer an Involuntary Termination or Constructive Termination from the Transferred Unit within the time period after completion of the Divestiture specified in the applicable Schedule, such Participant shall be entitled to receive the benefits specified in Sections 3.1 and 3.3 hereof (subject to the terms and conditions of this Plan, including Sections 3.8 and 3.10 hereof).

  • Upon a Transfer of all or part of a Member’s Units in accordance with Article 9, the transferee shall succeed to the Capital Account of the transferor Member to the extent that is attributable to the Transferred Unit.

  • Case No. 6207-E involves events after Zink was forced to leave LJHS, beginning with an allegation that she was “prevented” from retrieving her personal belongings from her former LJHS classroom by Asfazadour.The Retrieval of Zink’s Personal Items from LJHS CBA Article 12.9, “Rights of Transferred Unit Members,” provides at section 12.9.2, “Preparation for Moving,” that “Release time should be provided for unit member(s) being transferred.

  • Further, the Scheme involves transfer of assets and liabilities from the holding company to its wholly-owned subsidiary and is intended to restructure the Transferred Unit within the group and does not involve any change in beneficial ownership.

  • At the closing (a) the Seller will deliver to Purchaser certificates representing the Transferred Units, if applicable, duly endorsed (or accompanied by duly executed Transferred Unit transfer forms), for transfer to Purchaser, and (b) Purchaser will deliver to Seller the amount set forth on Seller’s signature page hereto (the “Purchase Price”).

  • Transferred Unit means an industrial unit whose ownership / management has been transferred in pursuance of provisions of the State Financial Corporation Act, 1951 or transferred with the approval of Financial Institutions / Banks.


More Definitions of Transferred Unit

Transferred Unit means all the businesses, activities, properties and liabilities, of whatsoever nature and kind pertaining to the Injectables Unit, on a going concern basis, together with all their assets and liabilities and shall mean and include (without limitation):
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Transferred Unit means an industrial unit, seized under the State Financial Corporation Act, 1951 or SARFAESI Act 2002 or liquidated under the order of National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) and thereafter sold to a new enterprise on sale of assets basis. Such transferred unit shall be treated as a new industrial unit.
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Related to Transferred Unit

  • Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Membership Unit means an outstanding common membership unit of the LLC.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Class D Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class D Unit as provided in this Agreement.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Transferred Interests has the meaning set forth in the Recitals.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • LLC Unit means a common limited liability interest in the Company.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Distributed Right has the meaning set forth in the definition of “Adjustment Factor.”

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.