Business Unit Sample Clauses
The 'Business Unit' clause defines the specific division, department, or segment within an organization that is relevant to the agreement or contract. It typically clarifies which part of a company is responsible for fulfilling obligations, receiving benefits, or being subject to certain terms. For example, it may specify that only the software division of a corporation is involved in a licensing agreement, rather than the entire company. This clause ensures clarity by precisely identifying the organizational scope of the contract, thereby preventing misunderstandings about which entity is accountable or entitled under the agreement.
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Business Unit. The obligations of TRPL under this Agreement are obligations of the Business Unit and MAXYGEN acknowledges that nothing in this Agreement binds any other Business Unit of TRPL in so far as the obligations of TRPL relate to the conduct of the Project.
Business Unit. 2.1. Seller hereby sells to Buyer, and Buyer hereby acquires from Seller, the Business Unit, which is transferred with all rights, title and interests therein, so that Buyer is entitled as from the date hereof to use and enjoy it as it deems proper.
2.2. In view of the foregoing, as of the date hereof the Business Unit is fully transferred to Buyer according to the applicable legal procedures under articles 1142 et seq. of the Civil Code, and Buyer succeeds Seller in all rights and obligations relating to the Business Unit as expressly provided for in this Agreement, subject to Section 9.1.(iii) of this Agreement, and Buyer automatically sub-rogates Seller to all agreements relating to the Business Unit to which Seller is a party (as identified in Exhibit 7.9 of this Agreement), according to article 1148 of the Civil Code.
2.3. KSR’s income verified up to the date hereof belongs to Seller. The Parties agree that Seller shall be liable for all obligations due and payable to the date hereof (inclusive). Buyer shall be liable for any amounts due and payable after such date and which are not deemed to be Contingency.
2.4. Seller shall remain liable for any and all principal and accessory tax obligations resulting from the Business Unit for any taxable period ended before the date hereof.
Business Unit. (a) For purposes of this Option Agreement, "Business Unit" means any Subsidiary or group of Subsidiaries that owns or operates a landfill and/or waste disposal business within a 75 mile radius of a landfill owned or operated by one of those Subsidiaries. The parties acknowledge and agree that the term "Business Unit" may include businesses that have not yet been acquired by the Company, and the character and composition of those Business Units and their assets and liabilities, cannot at the date of this Option Agreement be predicted. If the Company has more than one Subsidiary operating a landfill or waste disposal business within a 75 mile radius of a landfill owned or operated by one of those Subsidiaries, then all of those Subsidiaries will be considered part of a single Business Unit and may not be purchased separately under this Option Agreement.
Business Unit. The Road Space Management (RSM) is responsible for maintaining and operating the circa. 6,000 traffic signal installations in London. Of these 3,000 are linked to the Directorate Urban Traffic Control (UTC) system, the majority of which run dynamic UTC SCOOT control, whilst the remainder operate UTC Fixed Time. The other circa. 3,000 operate under local control i.e. CLF, VA or MOVA control. The vast majority of London’s signals have pedestrian facilities.
Business Unit. 33 Cause .................................................................. 39 CERCLA ................................................................. 1 Closing ................................................................ 8
Business Unit. This is the five-digit VISION General Ledger Business Unit associated with the Granting Agency.
Business Unit. Location
Business Unit. A separate credit will be made for each standard violated (▇▇▇▇▇ and/or SAIDI) such that a customer on a feeder violating both standards would be credited $40. These credits will be prorated if the guarantee for this standard exceeds the total guarantee expressed above. The sum of these credits will not exceed the maximum amount of the service reliability guarantee for each of the Business Units.
Business Unit. For purposes of this Agreement, “Business Unit” shall mean a subsidiary or a business division or business segment of the Company in which the Executive is primarily employed. For the avoidance of doubt, a Change in Control pursuant to Section 10(e)(vi) shall not apply to Executive if his/her employment is not primarily with and for the Business Unit that is sold.
Business Unit. “Business Unit” means a subsidiary or a business division or business segment of the Company.