IC Transfer definition

IC Transfer means the transfer of the IC Business (pursuant to the German Drop Down or otherwise) for aggregate consideration paid in cash or by the assumption of Debt existing on the date of the transfer (and not incurred in contemplation thereof) in an amount not less than $110,000,000 (or the equivalent thereof in an Alternative Currency) or, in the case of a transfer of any part of the IC Business, the pro rata portion of such sum based on the value of the part so transferred, as reasonably determined by the Company, such consideration to be received on or before the effective date of such transfer and otherwise on reasonable or customary terms for sales of comparable property or assets, as determined by Company in its reasonable discretion.
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Examples of IC Transfer in a sentence

  • In case at any time after the IC Transfer Date any further action is necessary or desirable to carry out the purposes of this Agreement, each party to this Agreement will take or cause its appropriate officers and directors to take all such necessary or desirable actions.

  • Such responsibility shall include any costs relating to the giving of notices to employees and environmental issues, all to the extent they relate to the IC Business after the IC Transfer Date.

Related to IC Transfer

  • Public transit means a location, including, but not limited to, a bus stop or train station, where the public may access buses, trains, subways, and other forms of transportation that charge set fares, run on fixed routes, and are available to the public.

  • Freddie Mac Transfer As defined in Section 13 hereof.

  • Strategic Transaction means a transaction or relationship in which the Company issues shares of Common Stock to an entity which is, itself or through its subsidiaries, an operating company in a business related to the business of the Company and in which the Company receives material benefits in addition to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose of raising capital.

  • electronic transaction means a paperless transfer of funds to or from a trust or fiduciary account. Electronic transactions do not include transfers initiated by voice or automated teller or cash dispensing machines.

  • Permitted Transfer has the meaning set forth in Section 10.02.