Apparel Business definition

Apparel Business means Fruit of the Loom's basic apparel business described in the first recital to the APA, the assets of which described in sections 1.01(a) and 1.03(a) of the APA shall be acquired by the Purchaser and the liabilities of which described in section 1.03(f) of the APA shall be assumed by the Purchaser, in each case, from the Sellers as set forth in the APA.
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Apparel Business means the business, as conducted by the Company and its Subsidiaries, of designing, manufacturing, procuring, marketing, licensing, selling (including through retail and outlet stores, concessions and e-commerce sites) and distributing sportswear, suits, dresses, contemporary apparel and jeanswear products (but excluding the Company’s management information systems and general and administrative support services from accounting, audit, compliance, customs, legal, treasury, finance, tax, human resources, risk management, logistics, marketing, customer service/allocation or other administrative groups (the “Corporate Level Services”));
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Apparel Business collectively, (a) the businesses of the manufacture, wholesale sale and/or retail sale of clothing garments and other wearing apparel or allied or complementary products for men, women or children, including accessories, fragrances, eyewear, watches, home products, cosmetics and footwear, or of any component materials thereof, (b) the business of granting licenses of the trademarks, tradenames and other similar property to other Persons for the manufacture and/or sale of such products of any nature by such Persons and (c) activities related or ancillary to, or extensions of, the businesses and activities described clauses (a) and (b) above. "Applicable Documentary L/C Fee Rate": 0.200%; provided, that on and after the date that is 90 days after the Closing Date, the Applicable Documentary L/C Fee Rate will be determined pursuant to the Pricing Grid.
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Examples of Apparel Business in a sentence

  • Creditors of Fruit of the Loom will not receive or retain any interest in the Apparel Business after the closing of the sale to Purchaser.

  • The financial information concerning the Branded Apparel Business and the Borrower and its Subsidiaries contained in the Borrower’s Form 10 filed with the Securities and Exchange Commission in connection with the Spin-Off, including all amendments and modifications thereto, is consistent in all material respects with the information previously provided to the Lead Arrangers and the Lenders.

  • However, it became clear during the Marketing Process that the most serious bidders were interested, instead, in acquiring a controlling stake, if not all, of the assets or equity of Reorganized Fruit of the Loom and, thus, all of the Apparel Business.

  • Cash necessary to make the Distributions required under the Plan shall be provided from all excess Cash of Fruit of the Loom (if any), the Adjusted Apparel Business Sales Proceeds and any other available source.

  • Assets to be Sold as Part of Apparel Business.......................................

  • The sale of the Apparel Business pursuant to the Agreement will be implemented by a series of transactions to be effectuated under the Plan and the Scheme.

  • Any contracts or leases of Fruit of the Loom, which are not executory or which have already been assumed by order of the Bankruptcy Court, and which form a part of the Apparel Business, will also be assigned, to the extent necessary, to Purchaser, Newco, or one of the Transferred Subsidiaries.

  • Prior to the Separation Date, HBI shall purchase all of the motor vehicle pool vehicles, trucks, forklifts and computer, telephone and other equipment leased by HBI and its Subsidiaries through the PHH Agreements and used in the Branded Apparel Business and that are part of the HBI Assets.

  • However, since Fruit of the Loom is not being reorganized, but rather the Apparel Business is being sold to a wholly-owned subsidiary of Berkshire, no capital structure has been established and therefore no balance sheet can be estimated.

  • As described more fully below, the Berkshire Agreement also requires that Fruit of the Loom continue to operate the Apparel Business in accordance with past practices and consult with Berkshire regarding certain matters pending confirmation of the Plan and the closing under the Berkshire Agreement.


More Definitions of Apparel Business

Apparel Business shall have the meaning assigned to the term ---------------- "Apparel Fabrics Business" in the Master Separation Agreement.
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Apparel Business means the development, design, production, marketing, distribution and sale by Seller of women's and girl's apparel under the Trademarks.
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Related to Apparel Business

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Retail business means a business which sells its product directly to a consumer.

  • Local Business means a business serving as a contractor as defined in Business and Professions Code section 7026 or a business supplying construction-related materials that has its principal headquarters or permanently staffed regional office and that has held a business license within the zip codes listed above for Local Hire for a minimum of three months prior to the date the entity submits a bid, contract, or proposal for a Public Project. A Local Business contractor must also be properly registered with the Department of Industrial Relations in accordance with Labor Code section 1725.5. Local Business shall also mean any state or nationally certified minority-owned, women-owned, or disabled veteran business that has performed work for the District or other public agency within the zip codes listed above for Local Hire during the past four years. Certification for a disabled veteran business must be provided to the District. Local Business shall also mean a business that participates in an internship program that is currently approved or recognized by the District. The entity may also apply to obtain District approval of its internship program. The internship program must be approved by the District and must be completed by the end of the specific Public Project or by the next semester immediately after completion of the specific Public Project. Local Business shall also mean any entity that uses apprentices from a District approved apprenticeship program.

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • special business means all business transacted at a special meeting of shareholders and all business transacted at an annual meeting of shareholders, except consideration of the financial statements, auditor's report, election of directors and reappointment of the incumbent auditor;

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Company Business means the business of the Company as presently conducted.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Licensed Business means the activities connected with the conveyance of

  • Micro Business means a company which either:

  • Business has the meaning set forth in the Recitals.

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services. (C) The term "Managerial Responsibilities" for purposes of this Unit Agreement shall mean managerial and supervisory responsibilities and duties that are substantially the same as that Grantee is performing for SunTrust or a SunTrust Affiliate on the date of this Unit Agreement. (D) The term "SunTrust Affiliate" for purposes of this Unit Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of §424(f) of the Code) of SunTrust except a corporation which has subsidiary corporation status under §424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate, conservatorship, guardianship or agency. (E) The term "Territory" for purposes of this Unit Agreement shall mean the states of Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, which are the states and Territories in which SunTrust has significant operations on the date of this Unit Agreement. (F) "Trade Secret" for purposes of Unit Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from it is disclosure or use, and (ii) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.

  • Principal Business means the primary activity as determined by analyzing the amount of capi- tal, labor, time, attention, and floor space devoted to each business activity and by analyz- ing the sources of net income and gross income. The name, appearance, and advertising of the entity may also be taken into consideration if they are given less weight.

  • Auto business means the business or occupation of selling, repairing, servicing, storing or parking "autos".

  • Excluded Business has the meaning set forth in Section 6.10.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Relevant Business means any business or part thereof howsoever carried on involving the supply of Restricted Goods and/or Services;