INDUSTRIAL ASSETS definition

INDUSTRIAL ASSETS shall have the meaning set forth in the Distribution Agreement. "INDUSTRIAL BUSINESS" shall have the meaning set forth in the Distribution Agreement. "INDUSTRIAL COVERED PERSON" shall mean each member of the Industrial Group and any other Person, in each case to the extent any Policy addressed herein purports to provide insurance coverage in respect of any claims, suits, actions, proceedings, injuries, losses, liabilities, occurrences, damages or expenses incurred by such Person arising out of, in connection with or otherwise related to Industrial. "INDUSTRIAL EXCLUSIVE POLICIES" shall mean all current and past Policies which show Industrial Company, any other member of the Industrial Group or any of their respective predecessors (or such entity and its subsidiaries and/or affiliates) as the named insured and do not purport to relate to Energy or Shipbuilding or to cover any Energy Covered Person or Shipbuilding Covered Person, but excluding any Retained Policy. "INDUSTRIAL GROUP" shall have the meaning set forth in the Distribution Agreement. "INDUSTRIAL LIABILITIES" shall have the meaning set forth in the Distribution Agreement. "INSURANCE ADMINISTRATION" shall mean, with respect to any Policy, the accounting for premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of such Policy, and the distribution of Insurance Proceeds. "INSURANCE PROCEEDS" shall mean those monies, net of any applicable premium adjustment, deductible, retention or similar cost paid or held by or for the benefit of an insured party which are either (i) received by an insured from an insurance carrier, or (ii) paid by an insurance carrier on behalf of an insured. "LETTERS OF CREDIT" shall have the meaning set forth in Section 7.1 hereof. "MERGER" shall have the meaning set forth in the Distribution Agreement. "MERGER AGREEMENT" shall have the meaning set forth in the Distribution Agreement. "MERGER TIME" shall mean the time at which the Merger becomes effective. "OCCURRENCE-BASED" shall mean, with respect to any Policy, coverage provided by such Policy for acts, omissions, damages or injuries which occur or are alleged to have occurred during a period specified in such Policy. "OCCURRENCE-BASED POLICIES" shall mean those current and past Policies which are Occurrence-Based in nature, including but not limited to those policies identified on SCHEDULE B hereto, which show Tenneco or any of its predecessors (or such entity...
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INDUSTRIAL ASSETS means, collectively, all of the following rights and assets that are owned by Tenneco or any of its Subsidiaries as of the close of business on the Distribution Date: (i) the capital stock of the Industrial Subsidiaries; (ii) all of the assets included on the Industrial Business Pro Forma Balance Sheet that are owned by Tenneco or any of its Subsidiaries as of the close of business on the Distribution Date; (iii) all of the assets and rights expressly allocated to Industrial Company or any of the Industrial Subsidiaries under this Agreement or any of the Ancillary Agreements; and (iv) any other asset acquired by Tenneco or any of its Subsidiaries from the date of the Industrial Business Pro Forma Balance Sheet to the close of business on the Distribution Date that is owned by Tenneco or any of its Subsidiaries as of the close of business on the Distribution Date and that is of a type or nature that would have resulted in such asset being included as an asset on the Industrial Business Pro Forma Balance Sheet had it been acquired on or prior to the date of the Industrial Business Pro Forma Balance Sheet, determined on a basis consistent with the determination of the assets included on the Industrial Business Pro Forma Balance Sheet. "INDUSTRIAL BUSINESS" means the businesses that, after giving effect to the Corporate Restructuring Transactions, are conducted by: (i) the Industrial Company, the Industrial Subsidiaries or any of the other members of the Industrial Group; and (ii) any business entity acquired or established by or for Tenneco, Industrial Company or any of the Industrial Subsidiaries between the date of this Agreement and the close of business on the Distribution Date that is engaged in, or intends to engage in, any business that is of a type or nature that would have resulted in such business being included either as a Subsidiary or an asset of Industrial Company on the Industrial Business Pro Forma Balance Sheet had it been acquired or established on or prior to the date of the Industrial Business Pro Forma Balance Sheet, determined on a basis consistent with the determination of the Subsidiaries and assets included on the Industrial Business Pro Forma Balance Sheet. "INDUSTRIAL BUSINESS PRO FORMA BALANCE SHEET" means the Pro Forma Consolidated Balance Sheet for Industrial Company and the Industrial Subsidiaries as of June 30, 1996 attached hereto as EXHIBIT F. "INDUSTRIAL COMMON SHARES" means the shares of Industrial Common Stock owned by Ten...
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INDUSTRIAL ASSETS. All Purchased Assets that are directly or indirectly secured by industrial Mortgaged Properties.
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Examples of INDUSTRIAL ASSETS in a sentence

  • Strategy In order to meet its objectives, the REIT has implemented the following key strategic elements: FOCUS ON HIGH QUALITY, LOW RISK INDUSTRIAL ASSETS - High-quality commercial real estate.

  • HARVESTING EFFICIENCY GAINS FROM INDUSTRIAL ASSETS Industrial companies tend to operate with long or very long product cycles, so change is often incre- mental and slow to show up in corporate financial returns.

  • INDUSTRIAL ASSETS OF THE CONVERSION CGU The Conversion CGU includes the industrial assets of Malvési and Philippe Coste.

  • November 2014 MIRVAC ACQUIRES PORTFOLIO OF INDUSTRIAL ASSETS Mirvac Group ("Mirvac") [ASX: MGR] is pleased to announce it has entered into an agreement to acquire a portfolio of five industrial assets from Altis Real Estate Equity Partnership Fund No. 1 (“Altis”), for a total consideration of $224.1 million, increasing the value of the Group’s industrial portfolio to $629.7 million1.

  • The Precimeaure Controls Pvt Ltd., have a goal that is ‘TO BECAME A MARKET LEADER OF OIL TREMPRETURE INDICATER (OTI) AND WINDING TREMPRETURE INDICATER’’ products The company have already vision that is (WE PROTECT AND ENHANCE THE LIFE AND QUALITY OF INDUSTRIAL ASSETS) according to that vision the company adapt some techniques and producer.

  • MONITORING AND PRESERVATION OF INDUSTRIAL ASSETS In recent years, the awareness of industrial site managers has been significantly enhanced, in terms of the assessment and management of their civil engineering structures.

  • In re: NORTHWEST TERRITORIAL MINT, LLC,Debtor.Case No. 16-11767-CMA ORDER APPROVING THE SALE OF CERTAIN OF THE DEBTOR’S ASSETS FREE AND CLEAR OF ALL LIENS CLAIMS, INTERESTS, AND ENCUMBRANCES TO INDUSTRIAL ASSETS CORP.

Related to INDUSTRIAL ASSETS

  • General Assets shall have the meaning given it in Section 3.6(a) hereof;

  • General Intangibles is all “general intangibles” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation, all Intellectual Property, claims, income and other tax refunds, security and other deposits, payment intangibles, contract rights, options to purchase or sell real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and business interruption insurance), payments of insurance and rights to payment of any kind.

  • Fixtures means those leasehold improvements, additions, alterations and installations constituting all or a part of Bank Premises and which were acquired, added, built, installed or purchased at the expense of the Failed Bank, regardless of the holder of legal title thereto as of Bank Closing.

  • Property means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

  • Customer Property means the property, other than real property and IPR, including any equipment issued or made available to the Supplier by the Customer in connection with this Call Off Contract;

  • Industrial means lands, buildings or structures used or designed or intended for use for manufacturing, processing, fabricating or assembly of raw goods, warehousing or bulk storage of goods, and includes office uses and the sale of commodities to the general public where such uses are accessory to an industrial use, but does not include the sale of commodities to the general public through a warehouse club;

  • Other Properties shall have the meaning set forth in Section 9.1.