Consolidated Business Entity Sample Clauses

The Consolidated Business Entity clause defines how multiple related companies or subsidiaries are treated as a single entity for the purposes of a contract or agreement. In practice, this means that the financial statements, obligations, or liabilities of all included entities are combined and considered together, rather than separately. This approach is often used to simplify reporting requirements or to ensure that the collective resources and responsibilities of a group are recognized, thereby reducing ambiguity and ensuring that obligations are met by the group as a whole rather than just one member.
Consolidated Business Entity. The Borrower and its Subsidiaries are operated as a part of one consolidated business entity and are directly or indirectly dependent upon each other for and in connection with their respective business activities.
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Consolidated Business Entity. The Borrower and its Subsidiaries are ---------------------------- engaged in the business of developing and operating time-share resorts and other leisure activities. These operations require financing on a basis such that the credit supplied can be made available from time to time to the Borrower and various of its Subsidiaries, as required for the continued successful operation by the Borrower and its Subsidiaries as a whole. The Borrower and its Subsidiaries expect to derive benefit (and the board of directors of the Borrower and its Subsidiaries have determined that the Borrower and its Subsidiaries may reasonably be expected to derive benefit), directly or indirectly, from the credit extended by the Lenders hereunder, both in their separate capacities and as members of the group of companies, since the successful operation and condition of the Borrower and its Subsidiaries is dependent on the continued successful performance of the functions of the group as a whole.
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Consolidated Business Entity. The Borrower and its Subsidiaries are operated as part of one consolidated business entity and are directly dependent upon each other for and in connection with their respective business activities and their respective financial resources.
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Consolidated Business Entity. The Borrower and each Subsidiary is engaged in the business set forth in Section 4.1(d) hereof. These operations require financing on a basis such that the credit supplied can be made available from time to time to the Borrower and various of the Subsidiaries, as required for the continued successful operation of the Borrower and the Subsidiaries as a whole. The Borrower has requested Lenders to make credit available hereunder primarily for the purposes of financing the operations and acquisitions of the Borrower and the Subsidiaries. The Borrower and the Subsidiaries expect to derive benefit (and the boards of directors of the Borrower and the Subsidiaries have determined that its Subsidiaries may reasonably be expected to derive benefit), directly or indirectly, from the credit extended by Lenders hereunder, both in their separate capacities and as members of the group of companies, since the successful operation and condition of the Borrower and the Subsidiaries is dependent on the continued successful performance of the functions of the group as a whole.
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Consolidated Business Entity. The Parent and its Subsidiaries are operated as a part of one consolidated business entity and are directly dependent upon each other for and in connection with their respective business activities.
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Consolidated Business Entity. The Borrower and its Subsidiaries and Affiliates are engaged in the business of developing, financing and operating time-share resorts and other leisure activities (exclusive of gaming). These operations require financing on a basis such that the credit supplied can be made available from time to time to the Borrower and various of its Subsidiaries and Affiliates, as required for the continued successful operation by the Borrower and its Subsidiaries and Affiliates as a whole. The Borrower and its Subsidiaries and Affiliates expect to derive benefit (and the board of directors of the Borrower and its Subsidiaries and Affiliates have determined that the Borrower and its Subsidiaries and Affiliates may reasonably be expected to derive benefit), directly or indirectly, from the credit extended by the Lender hereunder, both in their separate capacities and as members of the group of companies, since the successful operation and condition of the Borrower and its Subsidiaries and Affiliates is dependent on the continued successful performance of the functions of the group as a whole.
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Consolidated Business Entity. The Borrower and its Restricted Subsidiaries are engaged in the business set forth in SECTION 4.1(d) hereof. These operations require financing on a basis such that the credit supplied can be made available from time to time to the Borrower and various of its Restricted Subsidiaries, as required for the continued successful operation of the Borrower and its Restricted Subsidiaries as a whole. The Borrower has requested the Lenders to make credit available hereunder primarily for the purpose of financing the operations of the Borrower and its
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Related to Consolidated Business Entity

  • Restricted Business For all purposes under this Agreement, “Restricted Business” shall mean the design, development, marketing or sales of software, or any other process, system, product, or service marketed, sold or under development by the Company at the time Executive’s Employment with the Company ends.

  • Disadvantaged Business Enterprises The sponsor shall not discriminate on the basis of race, color, national origin, or sex, in the award and performance of any DOT-assisted contract covered by 49 CFR Part 26, or in the award and performance of any concession activity contract covered by 49 CFR Part 23. In addition, the sponsor shall not discriminate on the basis of race, color, national origin or sex in the administration of its Disadvantaged Business Enterprise (DBE) and Airport Concessions Disadvantaged Business Enterprise (ACDBE) programs or the requirements of 49 CFR Parts 23 and 26. The sponsor shall take all necessary and reasonable steps under 49 CFR Parts 23 and 26 to ensure nondiscrimination in the award and administration of DOT-assisted contracts, and/or concession contracts. The sponsor’s DBE and ACDBE programs, as required by 49 CFR Parts 26 and 23, and as approved by DOT, are incorporated by reference in this agreement. Implementation of these programs is a legal obligation and failure to carry out its terms shall be treated as a violation of this agreement. Upon notification to the sponsor of its failure to carry out its approved program, the Department may impose sanctions as provided for under Parts 26 and 23 and may, in appropriate cases, refer the matter for enforcement under 18 U.S.C. § 1001 and/or the Program Fraud Civil Remedies Act of 1986 (31 U.S.C. §§ 3801-3809, 3812).

  • Disadvantaged Business Enterprise To the extent authorized by applicable federal laws, regulations, or requirements, the Recipient agrees to facilitate, and assures that each Third Party Participant will facilitate, participation by small business concerns owned and controlled by socially and economically disadvantaged individuals, also referred to as “Disadvantaged Business Enterprises” (DBEs), in the Underlying Agreement as follows:

  • Minority Business Enterprise The Recipient shall comply with the minority business requirements pursuant to Section 164.07(A) of the Revised Code and rule 164-1-32 of the Administrative Code when making direct purchases of equipment, materials or supplies.

  • Reporting Certified Business Enterprises Upon request, the Contractor will report to the Department its spend with business enterprises certified by the OSD. These reports must include the time period covered, the name and vendor identification information of each business enterprise utilized during the period, commodities and contractual services provided by the business enterprise, and the amount paid to the business enterprise on behalf of each agency purchasing under the Term Contract.