Grace Business definition

Grace Business has the meaning set forth in the Separation and Distribution Agreement.
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Grace Business means activities associated directly or indirectly with the business (including such activities as engineering, technical and support services, research and development, manufacture (including tolling), purchase, sale, marketing, distribution, use, lease, or licensing, associated with any property, product, process, service, or equipment) relating to the Grace Technologies Field as conducted by Grace-Conn and its Affiliates during the one year period prior to the Effective Date.
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Grace Business means the development, manufacture and sale of (a) fluid catalytic cracking catalysts and additives, hydroprocessing catalysts, polyolefin catalysts (including polypropylene process technology) and catalyst supports, other chemical catalysts, and related products and services and (b) silica-based and silica-alumina-based materials, including but not limited to silica gels, precipitated silicas, and colloidal silicas, used in coatings, print media, consumer, industrial, and pharmaceutical, life science and related applications, and related products and services conducted at any time prior to the Effective Time by either Party or any member of its Group .
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Examples of Grace Business in a sentence

  • The Parties shall use the procedures set forth in Article VII to resolve any disputes as to whether any information relates (A) solely to the Grace Business, the Grace Sold and Discontinued Businesses or the Legacy Sold and Discontinued Businesses that constitute Grace Assets, (B) solely to the GCP Business, the GCP Sold and Discontinued Businesses or the Legacy Sold and Discontinued Businesses that constitute GCP Assets or (C) to both.

  • Unless otherwise specifically provided in this Agreement or the Distribution Agreement, the New Grace Group shall pay all Taxes and shall be entitled to receive and retain all refunds of Taxes with respect to periods beginning after the Distribution Date which are attributable to the New Grace Business.

  • Grace may extend this license to an Affiliate (provided that such Affiliate(s) do not conduct business within the GCP Business) to the extent necessary for the Affiliate to conduct the Grace Business (but any such extension shall terminate in the event such person ceases to be an Affiliate of Grace).

  • GCP may extend this license to an Affiliate (provided that such Affiliate(s) do not conduct business within the Grace Business) to the extent necessary for the Affiliate to conduct the GCP Business (but any such extension shall terminate in the event such person ceases to be an Affiliate of GCP).

  • Neither Grace nor its sub-licensee shall extend the sub-license to a customer or an Affiliate with respect to conducting activities outside the Grace Business or with respect to conducting activities competing with GCP in the GCP Business.

  • Neither GCP nor its sub-licensee shall extend the sub-license to (i) a customer or an Affiliate with respect to conducting activities outside the GCP Business or with respect to conducting activities competing with Grace in the Grace Business.

  • Following such expiration, each Party will be deemed to have a paid-up, irrevocable, fully transferrable non-exclusive license to use the Background Information of the other Party solely within its respective GCP Business or Grace Business.

  • Assets, the New Grace Business, or the Liabilities of the New Grace Group, including, in each case, all active agreements, active litigation files and government filings.

  • For avoidance of doubt, any sub-license granted by Grace hereunder is limited to sub-licensee’s activities within the Grace Business.

  • Such separation shall be effected in a manner that does not unreasonably disrupt either the Packaging Business or the New Grace Business and minimizes, to the extent practicable, current and future costs (and losses of tax or other economic benefits) of the respective Businesses.