Electrical Business definition

Electrical Business has the meaning set forth in the Separation Agreement.
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Electrical Business means: (a) the business and operations of the Electrical Segment and (b) the nVent Discontinued Operations, excluding, in the case of each of clauses (a) and (b), the businesses and operations primarily related to the Pentair Assets.
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Electrical Business shall have the meaning assigned to that term in the definition of 'Electrical Sale'."
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Examples of Electrical Business in a sentence

  • In fulfillment of its obligation to deliver to nVent Finance, or the applicable nVent Designees, Information comprised within the nVent Assets (“nVent Information”) and to enable nVent Finance to carry on the Electrical Business in the manner carried on immediately prior to the Distribution Date, Pentair shall be responsible for separating nVent Information from Pentair Information in accordance with the System Separation Approaches outlined in Part 1 of Schedule 2.14.

  • The Parties shall use the procedures set forth in Article VIII to resolve any disputes as to whether any information relates solely to the Pentair Business, solely to the Electrical Business, or to both the Pentair Business and the Electrical Business.

  • The amount of Foreign Income Taxes attributable to the Electrical Business for any Tax Period shall not be less than zero.

  • The Board of Directors of ParentCo has determined that it is in the best interests of ParentCo and its shareholders that the Electrical Business (as defined below) be operated by a newly incorporated publicly traded company and the subsidiaries of such newly incorporated company.

  • To the Seller’s Knowledge, since January 1, 2011, no Person has interfered with, infringed upon, misappropriated, or otherwise violated any material Electrical Business Intellectual Property rights in any material respect.

  • Section 3.20 of the Disclosure Schedule lists the twenty (20) largest customers of the Electrical Business (measured by sales) for the years ended August 31, 2012 and August 31, 2013 (each, a “Material Customer”).

  • Each of the Seller and any of its applicable Subsidiaries (which shall include, for all purposes of this Agreement, the Selling Companies and the Acquired Companies) are duly qualified to own or lease the properties used in the conduct of the Electrical Business and to carry on the Electrical Business as now conducted in each jurisdiction in which the Electrical Business is currently conducted, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect.

  • All Taxes owed by and due with respect to the Electrical Business (whether or not shown on any Tax Return) have been paid except to the extent such Taxes are in dispute.

  • The Buyer agrees that it shall, from and after the Closing Date, preserve (in no worse a condition and fashion as they were at the time of Closing) all books and records of the Electrical Business and the Acquired Companies for the period and otherwise subject to the terms of this Section 6.9.

  • To the Seller’s Knowledge, no notice has been received by the Seller or any Subsidiary thereof alleging the failure to hold any material Permit in respect of the Electrical Business.


More Definitions of Electrical Business

Electrical Business means the design, manufacture, distribution and sale of, or service with respect to, electrical products and electrical related products to the retail, wholesale, original equipment manufacturer, business to business and direct to consumer channels under the brands Actown-Electrocoil, Calterm, ADI, Amveco, Acme Electric, Del City, Gardner Bender, Marinco Power Products, Marinco, BEP, Ancor, NICRO, AFi, Guest, Sperry, Mastervolt and Turner Electric, in each case, as conducted by the Seller and its Subsidiaries generally prior to the date hereof.
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Electrical Business means the design, manufacture, distribution and sale of, or service with respect to, electrical products and electrical related products to the retail, wholesale, original equipment manufacturer, business to business and direct to consumer channels under the brands Actown-Electrocoil, Calterm, ADI, Amveco, Acme Electric, Del City, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Marinco Power Products, Marinco, BEP, Ancor, NICRO, AFi, Guest, Sperry, Mastervolt and ▇▇▇▇▇▇ Electric, in each case, as conducted by the Seller and its Subsidiaries generally prior to the date hereof.
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Related to Electrical Business

  • 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.

  • Special Business means all business transacted at a special Members’ meeting and all business transacted at an annual Members’ meeting except for the following:

  • 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.

  • Generation Business means the licensed business of the Licensee

  • Supply Business means the licensed business of the Licensee and any