CCBU definition
Examples of CCBU in a sentence
A Service Standards Committee ("Committee") shall be established with equal local representation from NSR and CSXT including General Manager Coal Operations and General Manager CCBU or other representatives for CSXT and the Superintendent of the Pittsburgh Division and the AVP Transportation, or other representatives, for NSR.
There are no material Actions pending or, to the Knowledge of the CCBU Parties, threatened against any of the CCBU Parties relating to the CCBU Transferred Assets or the CCBU Business or that seek to, or would reasonably be expected to, materially impair or delay the ability of a CCBU Party to consummate the transactions contemplated by, or to perform its obligations under, this Agreement and the Companion Agreements.
TCCC, CCR and CCBCU shall have executed and delivered, or caused to be executed and delivered, the CCBU CBA Amendment and a copy thereof shall have been provided to CCBCC.
The CCBCC Parties may obtain updates of the Title Commitments and Surveys with respect to the CCBU Owned Real Property and the CCBU Critical Leased Property and may deliver written notice of any additional CCBU Title Defects disclosed by such updates and arising after the date of the applicable Title Commitment.
The Missing CCBU Equipment Notice will also include a calculation (the “CCBU Threshold Calculation”) of whether the total CCBU Weighted Average Value of all Missing CCBU Equipment included in the Missing CCBU Equipment Notice exceeds five percent (5%) (the “CCBU Subject Equipment Threshold”) of the total CCBU Weighted Average Value of (x) all Key CCBU Subject Equipment listed on the Closing Key CCBU Subject Equipment Schedule plus (y) any CCBU Substitute Subject Equipment.
A CCBCC Party or an Affiliate of the CCBCC Parties has a valid leasehold, usufruct or similar interest in the CCBCC Leased Real Property, free and clear of all Liens except for Permitted Liens or Liens created by or through the CCBU Parties or any of their Affiliates.
The CCBU Parties agree that they shall preserve and keep, or cause to be preserved and kept, all original books and records in respect of the CCBU Business relating to periods ending prior to the Closing Date in the possession of the CCBU Parties or their Affiliates for the longer of (a) any requirement under any applicable Law or (b) a period of six (6) years from the Closing Date.
The CCBCC Parties do not, and will not by assumption of the CCBU Assumed Liabilities or the acceptance of this Assignment and Assumption, assume any CCBU Excluded Assets or CCBU Excluded Liabilities, and the parties hereto agree that all such CCBU Excluded Assets and CCBU Excluded Liabilities will remain the sole responsibility of CCBU or its Affiliates, as applicable, as set forth in the Exchange Agreement.
Notwithstanding anything to the contrary in this Agreement, CCBCC will have the right to direct the CCBU Parties to transfer and assign the CCBU Transferred Assets or any portion thereof to any Affiliate of CCBCC at the Closing, and CCBU will have the right to direct the CCBCC Parties to transfer and assign the CCBCC Transferred Assets or any portion thereof to any Affiliate of CCBU at the Closing.
During the past three (3) years, there have been no Actions instituted or, to the Knowledge of the CCBU Parties, threatened in writing against any of the CCBU Parties alleging or asserting any material violation of Environmental Law or any liability to investigate or remediate Hazardous Substances associated with the CCBU Business or the CCBU Transferred Assets.