C Chem definition
Examples of C Chem in a sentence
Chevron owns, or holds valid leasehold interests in, the personal property owned or used by it, in each case, free and clear of all Liens, except for such Liens that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect on C Chem.
C Chem does not have any liabilities required by GAAP to be set forth on a consolidated balance sheet of C Chem (other than as set forth on the notes thereto, if any), except (i) as set forth on the C Chem December 31 Balance Sheet, (ii) for liabilities incurred in the ordinary course of business since December 31, 1999 and (iii) for liabilities that would not reasonably be expected to have a Material Adverse Effect on C Chem.
Except as set forth on Schedule 5.14(a) of the Chevron Disclosure Schedule, none of the Chevron Plans is sponsored or maintained by C Chem or any C Chem Subsidiary.
The C Chem Subsidiaries and/or the Company and/or its wholly owned subsidiaries, on the one hand, and Chevron and its Affiliates, on the other hand, shall enter into the lease and sublease agreements set forth in Schedule 6.11(c) of the Chevron Disclosure Schedule as of the Closing Date, in the forms attached to Schedule 6.11(c) of the Chevron Disclosure Schedule, such forms being agreed to as of the date hereof.
Further, the Company shall indemnify and hold harmless Chevron and its Affiliates from any retroactive premiums imposed by any insurer under programs or policies maintained by Chevron prior to the Closing as a result of any claims made after the Closing Date with respect to the properties and assets of C Chem, regardless of the date of loss.
All of the outstanding shares of capital stock or outstanding limited liability company interests of each C Chem Subsidiary are validly issued, fully paid and nonassessable, and, except as set forth on Schedule 5.2 of the Chevron Disclosure Schedule, such shares or interests are owned by Chevron or a wholly-owned Subsidiary of Chevron free and clear of any material Lien with respect thereto.
No claim has been made by any labor organization that the operations of C Chem to be contributed to the Company under this Agreement would be subject to any agreement with such labor organization or to a duty to bargain with such labor organization regarding the terms and conditions of employment for any group of employees involved in such operations.
There is no labor strike, slowdown, stoppage or lockout actually pending, or, to the knowledge of Chevron, threatened, against or affecting C Chem.
The C Chem Subsidiaries and/or the Company and/or its wholly owned subsidiaries, on the one hand, and Chevron and its Affiliates, on the other hand, shall enter into agreements relating to operating and supply commitments (including pricing) between, the C Chem Subsidiaries and/or the Company and/or its wholly owned subsidiaries, on the one hand, and Chevron and its Affiliates, on the other hand.
C Chem is, and has been continuously since December 31, 1999, insured with Chevron-affiliated insurance companies or with third-party insurers in such amounts and against such risks and losses as are customary in all material respects for companies conducting the businesses as conducted by C Chem during such time period.