Examples of UK Parent in a sentence
Such reporting must be made to the Supervised Person’s supervisor and to their Compliance Department, and, as appropriate, reporting may be made, pursuant to the UK Parent Fraud Policy and Anti-Bribery Policy, by using the Confidential Reporting Line.
Additionally, PPM’s UK Parent and certain affiliates for which PPM manages investments have compliance obligations applicable to PPM to record gifts from outside organizations.
It should be noted that, as part of the Permitted Reorganisation, Anglian Water Services UK Parent Co Limited delivered a solvency certificate to the Security Trustee, confirming its solvency and furthermore, as Anglian Water Services UK Parent Co Limited is a newly incorporated company, its only material liabilities are those under the Finance Documents.
Additionally, PPM's UK Parent and certain affiliates for which PPM manages investments have compliance obligations applicable to PPM to record gifts from outside organizations.
There is a risk that such security may be challenged by an insolvency official in the event of either Anglian Water Services Holdings Limited or Anglian Water Services UK Parent Co Limited entering insolvency proceedings.Pursuant to the Permitted Reorganisation, Anglian Water Services UK Parent Co Limited granted security over the shares of Anglian Water and Anglian Water Services Holdings Limited granted security over the shares of Anglian Water Services UK Parent Co Limited.
AWSOH was subsequently replaced as a guarantor by Anglian Water Services UK Parent Co Limited (“AWS UK Parent Co”), a UK registered company.
The creation of new security by Anglian Water Services Holdings Limited and Anglian Water Services UK Parent Co Limited following the implementation of the Permitted Reorganisation resulted in the “hardening periods” under the Insolvency Act 1986 to start afresh in relation to such new security.
Each of Anglian Water Services UK Parent Co Limited and Anglian Water Services Holdings Limited has granted share security as part of the AWS Financing over shares in its direct Subsidiary.
Such reporting must be made to the Covered Person’s supervisor and to his or her Compliance Department or, as appropriate, reporting may be made, pursuant to the UK Parent Fraud Policy and Anti-Bribery Policy, by using the Confidential Reporting Line available on JACK!.
If the secured creditors in respect of the AWS Financing elect to enforce their rights thereunder, then such security over the shares in Anglian Water Services UK Parent Co Limited and AWS may be enforced and such enforcement may result in a sale of AWS and, subsequently, the Guarantors’ no longer being indirect shareholders of AWS.