Example sentences of "a group company " in BNC.
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| 1 | Up to now someone , such as a group company secretary or a separate nominee company , has had to hold a share or shares in the subsidiary , normally under a declaration of trust , plus a transfer form held by the holding company , with the transferee section left blank . |
| 2 | An increasingly popular solution is to use a branch ( perhaps located in the Isle of Man ) of a group company located in , say , the Netherlands . |
| 3 | The following should be disclosed for transactions or arrangements ( mainly loans , quasi-loans , guarantees and credit transactions ) between a group company and a director ( or connected person ) which fall within s. 330 : |
| 4 | Example 4:7 Side by side rent sharing SCHEDULE ( 1 ) In this schedule : ( a ) " rental income " means the aggregate of : ( i ) any yearly or other periodical sums payable under an occupational lease including sums payable by virtue of any enactment ; ( ii ) any sums payable by way of interest under an occupational lease ; ( iii ) any sums payable by way of damages or compensation for any breach of a tenant 's obligation under an occupational lease ; ( iv ) any sum payable by a guarantor of a tenant 's obligation under an occupational lease pursuant to his guarantee ; ( v ) any premium paid or other capital payment made by a tenant under an occupational lease in connection with the grant assignment variation or surrender of an occupational lease ; ( vi ) any sum payable under a policy of insurance in respect of loss of rent or other income ( b ) " permitted deductions " means the aggregate of : ( i ) expenses reasonably incurred by the tenant in order to comply with its obligations as landlord under an occupational lease ; ( ii ) legal costs incurred by the tenant in enforcing obligations under occupational leases except to the extent that the tenant recovers those costs from a party to an occupational lease ; ( iii ) the amount of any compensation or damages which the tenant is liable by statute or ordered to pay to any party to an occupational lease whether for non-renewal of a tenancy breach of covenant breach of obligation compensation for improvements or otherwise ; ( iv ) the cost of management and rent collection not exceeding … per cent of rental income ( c ) " notional rental income " means the rack rental value of any lettable unit which is either unlet or vacant or occupied by the tenant or by a group company the value to be determined as at the date on which the unit in question ceased to be let or occupied or as the case may be become occupied by the tenant or a group company and redetermined every year ( d ) " lettable unit " means a part of the property which is designed constructed or adapted for letting to an occupying retail trader ( e ) " occupational lease " means a lease under which physical possession of a lettable unit was granted by the tenant ( f ) " rack rental value " of any lettable unit at any time means the rent at which that unit might reasonably be expected to be let in the open market for a term of not less than ten years with an upwards only rent review on every fifth anniversary of the beginning of the term and on such other terms as would be expected to be negotiated in the open market ( including such financial inducements and concessions as are usual in the market at that time ) ( g ) " group company " means a company which would be treated as a member of the same group of companies as the tenant for the purposes of the Landlord and Tenant Act 1954 ( h ) " divisible income " means the difference between : ( i ) rental income plus notional rental income ; and ( ii ) permitted deductions but divisible income shall never be less than nil ( i ) " the first slice " means such part of divisible income as does not exceed £ ( j ) " the second slice " means such part of divisible income as exceeds £ but does not exceed £ ( k ) " the top slice " means such part of divisible income as exceeds £ ( 2 ) The rent payable by the tenant is the aggregate of : ( a ) … per cent of the first slice ; ( b ) … per cent of the second slice ; and ( c ) … per cent of the top slice to be paid by equal quarterly payments on the usual quarter days |
| 5 | Example 4:7 Side by side rent sharing SCHEDULE ( 1 ) In this schedule : ( a ) " rental income " means the aggregate of : ( i ) any yearly or other periodical sums payable under an occupational lease including sums payable by virtue of any enactment ; ( ii ) any sums payable by way of interest under an occupational lease ; ( iii ) any sums payable by way of damages or compensation for any breach of a tenant 's obligation under an occupational lease ; ( iv ) any sum payable by a guarantor of a tenant 's obligation under an occupational lease pursuant to his guarantee ; ( v ) any premium paid or other capital payment made by a tenant under an occupational lease in connection with the grant assignment variation or surrender of an occupational lease ; ( vi ) any sum payable under a policy of insurance in respect of loss of rent or other income ( b ) " permitted deductions " means the aggregate of : ( i ) expenses reasonably incurred by the tenant in order to comply with its obligations as landlord under an occupational lease ; ( ii ) legal costs incurred by the tenant in enforcing obligations under occupational leases except to the extent that the tenant recovers those costs from a party to an occupational lease ; ( iii ) the amount of any compensation or damages which the tenant is liable by statute or ordered to pay to any party to an occupational lease whether for non-renewal of a tenancy breach of covenant breach of obligation compensation for improvements or otherwise ; ( iv ) the cost of management and rent collection not exceeding … per cent of rental income ( c ) " notional rental income " means the rack rental value of any lettable unit which is either unlet or vacant or occupied by the tenant or by a group company the value to be determined as at the date on which the unit in question ceased to be let or occupied or as the case may be become occupied by the tenant or a group company and redetermined every year ( d ) " lettable unit " means a part of the property which is designed constructed or adapted for letting to an occupying retail trader ( e ) " occupational lease " means a lease under which physical possession of a lettable unit was granted by the tenant ( f ) " rack rental value " of any lettable unit at any time means the rent at which that unit might reasonably be expected to be let in the open market for a term of not less than ten years with an upwards only rent review on every fifth anniversary of the beginning of the term and on such other terms as would be expected to be negotiated in the open market ( including such financial inducements and concessions as are usual in the market at that time ) ( g ) " group company " means a company which would be treated as a member of the same group of companies as the tenant for the purposes of the Landlord and Tenant Act 1954 ( h ) " divisible income " means the difference between : ( i ) rental income plus notional rental income ; and ( ii ) permitted deductions but divisible income shall never be less than nil ( i ) " the first slice " means such part of divisible income as does not exceed £ ( j ) " the second slice " means such part of divisible income as exceeds £ but does not exceed £ ( k ) " the top slice " means such part of divisible income as exceeds £ ( 2 ) The rent payable by the tenant is the aggregate of : ( a ) … per cent of the first slice ; ( b ) … per cent of the second slice ; and ( c ) … per cent of the top slice to be paid by equal quarterly payments on the usual quarter days |
| 6 | Any assets in respect of which significant allowable losses will arise on disposal to Newco should , before the sale to Newco , be transferred on an intra-group basis within the vendor 's capital gains tax group to a group company with chargeable gains against which to set the losses . |
| 7 | If the sale of Target will generate an allowable loss there may need to be an intra-group transfer of beneficial ownership of Target before the management buy-out , so that the loss can be utilised by a group company which will , in the same accounting period , realise gains from the the disposal of other assets . |
| 8 | 2.2 " Accountant " means any person or firm appointed by the Landlord ( including an employee of the Landlord or a Group Company ) to perform any of the functions of the Accountant under this Lease |
| 9 | 2.3 " Adjoining Property " means any neighbouring or adjoining land or premises ( excluding the remainder of the Centre ) in which the Landlord or a Group Company has a freehold or leasehold interest or in which during the Term the Landlord or a Group Company shall have acquired a freehold or leasehold interest There is no objection to this provided that the existence of any adjoining property does not have an adverse effect on the tenant 's contribution towards service charges or other costs referred to in the lease and the tenant should therefore be vigilant in this regard when amending the lease . |
| 10 | 2.3 " Adjoining Property " means any neighbouring or adjoining land or premises ( excluding the remainder of the Centre ) in which the Landlord or a Group Company has a freehold or leasehold interest or in which during the Term the Landlord or a Group Company shall have acquired a freehold or leasehold interest There is no objection to this provided that the existence of any adjoining property does not have an adverse effect on the tenant 's contribution towards service charges or other costs referred to in the lease and the tenant should therefore be vigilant in this regard when amending the lease . |
| 11 | 2.17 " surveyor " means any person or firm appointed by or acting for the Landlord ( including an employee of the Landlord or a Group Company and including also the person or firm appointed by the Landlord to collect the rents ) to perform any of the functions of the Surveyor under this Lease |
| 12 | 3.5 The expression " the Centre " where the context so admits includes any additional and adjoining land and buildings in which during the Term the Landlord or a Group Company shall have acquired the freehold or leasehold interest and which shall have been so constructed or acquired to form [ an integral ] part of the Centre |