Coltec definition
Examples of Coltec in a sentence
If Coltec Industries does not make interest payments on the Convertible Junior Subordinated Debentures held by the Issuer, the Issuer will not be able to pay Distributions on the Trust Securities and will not have funds legally available therefor.
Neither ▇▇▇▇▇▇▇▇ nor any ▇▇▇▇▇▇▇▇ Indemnitee shall be liable to EnPro, Coltec, any other member of the EnPro Group or any of their respective Affiliates, directors, shareholders, officers, employees, agents, consultants, customers, end users (including any Persons who came into contact with any product associated with the EnPro Business), representatives, successors, transferees or assignees for any reason whatsoever on account of any EnPro Indemnifiable Liabilities.
In the absence of any such agreement, such allocation of liability or entitlement to indemnification, and such allocation of costs, shall be subject to ultimate resolution between ▇▇▇▇▇▇▇▇, on the one hand, and EnPro and Coltec, on the other hand, pursuant to Article 7.
Notwithstanding the foregoing, ▇▇▇▇▇▇▇▇ shall remain liable to EnPro and Coltec for any breach by ▇▇▇▇▇▇▇▇ or any member of the ▇▇▇▇▇▇▇▇ Group of any of its or their obligations under this Agreement.
Each of ▇▇▇▇▇▇▇▇, EnPro and Coltec agree to enter into and execute such additional documents as may be reasonably necessary, advisable or appropriate to effect the transactions contemplated by this Agreement, any Transfer Document or any Ancillary Agreement; provided, however, that such additional documents shall not diminish any of the rights granted or increase any of the Liabilities of either Group, as set forth in this Agreement, any Transfer Document or any Ancillary Agreement.
The Board of Directors of Coltec (as hereinafter defined) has determined that it is appropriate and in the best interests of Coltec and its sole shareholder to distribute all of the common stock of GPEC (as hereinafter defined) to Goodrich (the "AEROSPACE DISTRIBUTION").
Notwithstanding any provision in this Agreement to the contrary, this Agreement may be terminated and the Distribution and the Aerospace Distribution amended, modified or abandoned at any time prior to the Record Date, without penalty or liability, by and in the sole and absolute discretion of ▇▇▇▇▇▇▇▇ by written notice to EnPro and Coltec and without the approval of EnPro or Coltec.
Coltec/Stemco Subordinated Guaranty — the Guaranty Agreement, dated March 11, 2005, pursuant to which Coltec guaranties the obligations under the Stemco Subordinated Note.
Subject to the other provisions of this Agreement and subject to and conditioned upon the consummation of the Distribution, EnPro, Coltec, and Coltec -------------- * The terms Term Income Deferrable Equity Securities and TIDES are registered service marks of Credit Suisse First Boston Corporation.
Incur any Exempted Debt if the incurrence thereof would cause Coltec to violate the terms of Section 4.2(b) of the Senior Notes Indenture; or enter into any amendment or modification of (i) any of the terms of Section 4.2(b) of the Senior Notes Indenture, except to the extent that such amendment or modification would increase the amount of Exempted Debt that is permitted to be incurred thereunder, or (ii) the definition of “Exempted Debt” set forth in the Senior Notes Indenture.