Undertaking definition

Undertaking means any natural or legal person, whether profit-making or not, or any official body whether having its own personality or not;
Undertaking means: (i) a body corporate or partnership; or (ii) an unincorporated association carrying on a trade or business, with or without a view to a profit.
Undertaking means an undertaking in which the investment of the company exceeds twenty per cent. of its net worth as per the audited balance sheet of the preceding financial year or an undertaking which generates twenty per cent. of the total income of the company during the previous financial year;

Examples of Undertaking in a sentence

  • The Undertaking Agreement has been signed by both THENSA and the UIF in February 2023.

  • Eventually, in November 2022, THENSA received a draft Undertaking Agreement (Amendment), which extends the Agreement by 18 months.


More Definitions of Undertaking

Undertaking has the meaning set forth in Section 5.5.
Undertaking means a project, activity, or program funded in whole or in part under the direct or indirect jurisdiction of a Federal agency, including —
Undertaking means a corporate body, partnership, limited partnership, cooperative or an incorporated association carrying on a trade or business with or without a view to profit in which the Company has direct or indirect financial, commercial or contractual majority interest.
Undertaking means any entity engaged in economic activity;
Undertaking means this undertaking as amended from time to time in accordance with section 2.3;
Undertaking means any natural or legal person which carries out an activity referred to in this Regulation;
Undertaking means any entity engaged in an economic activity, regardless of the legal status of the entity and the way in which it is financed;