Cyclone Subsea Business definition

Cyclone Subsea Business means the business of Cyclone and its subsidiaries in providing equipment, technology, methods and services for subsea oil and gas development and production, including the following equipment, activities and services: (i) subsea trees; (ii) subsea manifolds; (iii) subsea jumpers and connectors; (iv) subsea power and connectors; (v) subsea control systems; (vi) subsea surveillance; (vii) subsea flow assurance consulting; (viii) subsea well intervention and pressure control systems; (ix) subsea pumps; (x) subsea processing; (xi) subsea wellheads; (xii) equipment design and manufacture for subsea oil and gas development and production; (xiii) data management services as necessary or desirable to perform the foregoing; and (xiv) research and development programs for any of the foregoing, as such business lines have been operated in accordance with Cyclone’s past practice prior to the Closing Date, and as otherwise reflected in the Cyclone Financial Information. For the avoidance of doubt, the Cyclone Subsea Business does not include (1) Cyclone’s Valves & Measurement business segment or its Flow Control or Drilling Systems businesses or any products or technologies of such segment or businesses, including chokes and actuators or (2) the Non-Transferred Cyclone Assets.
Sample 1

Examples of Cyclone Subsea Business in a sentence

  • Section 5.13 of the Cyclone Disclosure Letter sets forth a correct and complete list as of the date hereof of all agreements with labor organizations, works councils, unions or associations applicable to the Cyclone Subsea Business Employees.

  • There are no Claims pending or, to the knowledge of Cyclone, threatened against Cyclone or any of its Affiliates before any Governmental Authority (i) seeking to prevent or delay the Closing or (ii) relating to the Cyclone Subsea Business, except in each case for such Claims as have not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the Cyclone Subsea Business.

  • So [Calo] goes out and he finds a new source, a guy named Marteen.Now, [Calo] doesn’t really change his business ways and eventually finds himself deep in debt with Marteen as well.

  • Section 5.9 of the Cyclone Disclosure Letter also identifies all Cyclone Owned Real Property, Cyclone Leased Real Property and Cyclone Other Real Property Rights that also are used as of the date hereof by other businesses of Cyclone or its Affiliates and describes the nature of such use by such other businesses of Cyclone or its Affiliates, and such use does not interfere with the Cyclone Subsea Business.

  • Section 5.9(c) of the Cyclone Disclosure Letter sets forth a correct and complete list as of the date hereof of all material owned or leased real property of Cyclone that is not being included in the Cyclone Transferred Assets but which is used by the Cyclone Subsea Business (each, a “Cyclone Joint Facility”).

  • Neither Cyclone nor any Cyclone Entity nor any director, manager, officer, employee, agent or other person associated with or acting on behalf of any of the foregoing, directly or indirectly, has made, offered or agreed to offer a Prohibited Payment in connection with the Cyclone Subsea Business that would cause any such entity to be in violation of the FCPA, the UK Bribery Act or any Applicable Law related to anti-corruption.

  • The parties will cooperate with one another, and will exchange such data and analyses as shall reasonably be necessary, in the development by each party of a plan describing, in reasonable detail, the reorganization steps it plans to undertake in anticipation of the Closing including the steps implementing the transfers of the Cyclone Subsea Business and the Storm Subsea Business to the Venture Entities (each, a “Pre-Closing Reorganization Plan”).

  • There are no discrimination complaints, employment-related complaints or any other kind of labor-related disputes against Cyclone or any Cyclone Entity in connection with the Cyclone Subsea Business pending before or, to the knowledge of Cyclone, threatened before any Governmental Authority, and, to the knowledge of Cyclone, no dispute respecting minimum wage or overtime Claims exists.

  • All utility easements, rights of access and other easements and similar rights serving the Cyclone Owned Real Property are legally enforceable to permit the operation of the Cyclone Subsea Business in substantially the manner in which the Cyclone Subsea Business is currently operated.

  • Neither Cyclone nor any of its Affiliates has received any notice from any Governmental Authority that the operations of the Cyclone Subsea Business are being conducted in violation of any Applicable Law or are the subject of any investigation or review pending or threatened by any Governmental Authority relating to any alleged violation.

Related to Cyclone Subsea Business

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Company Business means the business of the Company and its Subsidiaries as presently conducted.

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

  • 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.

  • Micro Business means a company which either:

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

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

  • Retained Businesses means all businesses now, previously or hereafter conducted by Parent, the Sellers or any of their Subsidiaries or Affiliates, other than the Business.

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

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

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

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

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

  • Certified business means a business verified as a minority- or women-owned business enterprise pursuant to Section 314 of the Executive Law.

  • 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.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • 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;

  • SBE Certified Business (or “SBEs”) means a business that meets the criteria set forth in Section 1.07.050 of this chapter and has been certified as meeting that criteria by the Community and Economic Development Department-SBE Program Coordinator.

  • Qualified business means an eligible business that:

  • 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;

  • Air Transportation Business means the carriage by aircraft of persons or property as a common carrier for compensation or hire, or carriage of cargo or mail by aircraft, in air commerce, as defined in 49 U.S.C. § 40102, as amended.

  • Material of Environmental Concern means and includes pollutants, contaminants, hazardous wastes, and toxic, radioactive, caustic or otherwise hazardous substances, including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having any constituent elements displaying any of the foregoing characteristics.

  • Licensed Business means the activities connected with the conveyance of

  • 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 —

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Qualified business facility means any building, complex of