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 and its subsidiaries and/or affiliates) as the named insured, but excluding (i) any d...
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 Tenneco after giving effect to the stock dividend provided for in SECTION 2.02(A) hereof. "INDUSTRIAL COMMON STOCK" has the meaning ascribed to such term in the recitals to this Agreement. "INDUSTRIAL COMPANY" means New Tenneco Inc., a Delaware corporation. "INDUSTRIAL DISTRIBUTION" means the distribution on the Distribution Date as a dividend to holders of record of shares of Tenneco Common Stock as of the Distribution Record Date of all of the outstanding Industrial Common Shares owned by Tenneco on the basis provided in SECTION 3.02 hereof. "INDUSTRIAL GROUP" means Industrial Company, the Industrial Subsidiaries and the corporations, partnerships, joint ventures, investments and other entities that represent equity investments of any of Industrial Company or any of the Industrial Subsidiaries following the consummation of the Corporate Restructuring Transactions and the Distributions. "INDUSTRIAL INDEMNITEES" means: (i) Industrial Company and each Affiliate thereof after giving effect to the Corporate Restructuring Transactions and the Distributions; and 6
INDUSTRIAL BUSINESS means a business with a North American Industry Classification System code of 11 (Agriculture, Forestry, Fishing and Hunting), 21 (Mining), 22 (Utilities), 23 (Construction), 31-33 (Manufacturing), 42 (Wholesale Trade), or 48-49 (Transportation and Warehousing);
Examples of INDUSTRIAL BUSINESS in a sentence
Photographs or videos of CHILDREN and/or ADULTS AT RISK must be stored in a designated folder that is only accessible by the Young Lyric Team, Communications Team and Senior Management Team.
INDUSTRIAL BUSINESS means any business permitted and carried on in an MI zone.
Earth Removal Operation or Earth Filling Operation by special permit from the Planning Board (See Section 5.16) SECTION 3.32: RESIDENTIAL INDUSTRIAL BUSINESS ZONE (RIB) ZONE Dimensional requirements per Section 4.2 Table 1.
INDUSTRIAL BUSINESS: The Industrial segment serves a broad range of markets, such as automotive original equipment manufacturer (OEM) and automotive aftermarket (auto body shops and retail), electronics, appliance, paper and printing, packaging, food and beverage, and construction.
INDUSTRIAL BUSINESS 2007 2006 Net sales$ 1,244.9$ 1,160.0Percent growth7.3% Operating income, excluding restructuring activities74.375.7Operating income margin, excluding restructuring activities6.0%6.5% The 7.3% sales increase was driven by higher pricing to reflect the increased costs of pepper as well as certain commodities including cheese, soybean oil and flour.
More Definitions of INDUSTRIAL BUSINESS
INDUSTRIAL BUSINESS has the meaning ascribed to that term in the Distribution Agreement. "INDUSTRIAL GROUP" has the meaning ascribed to that term in the Distribution Agreement. "INSURANCE ADMINISTRATION" means, with respect to a D&O Policy, the accounting for premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of such D&O Policy, and the distribution of Insurance Proceeds. "INSURANCE PROCEEDS" means, with respect to an insured party, those monies, net of any applicable premium adjustment, deductible, retention or similar cost paid or held by or for the benefit of such 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. "IRS RULING LETTER" has the meaning set forth in SECTION 7.1(G) hereof. "JOINT PROXY STATEMENT" has the meaning set forth in SECTION 6.7 hereof. "LAW" means any constitutional provision, statute, law, ordinance, rule, regulation, permit, decree, injunction, judgment, order, decree, ruling, determination, finding or writ of any Governmental Authority. "LAZARD" means Lazard Freres & Co. LLC. "MAJOR SUBSIDIARIES" means the following subsidiaries of Tenneco after giving effect to the Spinoffs: JURISDICTION NAME OF ORGANIZATION ---- --------------- Tennessee Gas Pipeline Company Delaware Tenneco Energy Resources Corporation Delaware Tenneco Gas Australia, Inc. Delaware Tenneco Corporation Delaware Tenneco Ventures Corporation Delaware Midwestern Gas Transmission Company Delaware East Tennessee Natural Gas Company Tennessee
INDUSTRIAL BUSINESS means any enterprise other than an agricultural business or commercial business and may include, but is not limited to, industrial parks; public utilities; activities involving the development, production, collection, conversion, storage, conservation or transmission of coal, electricity, gas, oil, steam, water or sources of energy not covered by the foregoing; manufacturing, fabricating or processing activities; research and development activities; docks, wharves, airports; storage, shipping, receiving, warehouse and distribution facilities; and facilities directly related, incidental or subordinate to any of the foregoing.
INDUSTRIAL BUSINESS means any privilege taxable under section two-b or two-m, article thirteen of this chapter, and includes a manufacturing service taxable under section two-h of said article: Provided, That on and after July 1, 1987, the term "industrial business" shall mean the business of manufacturing, compounding or preparing tangible personal property for sale, profit or commercial use, the business of generating electric power, and the business of providing a manufacturing service, which were taxable, respectively, under sections two-b, two-m and two-h, article thirteen of this chapter, on January 1, 1985.
INDUSTRIAL BUSINESS means the conduct of an industrial business activity, where goods or products are produced, manufactured, dismantled, altered, re-packaged, repaired or stored at a scale of greater than that defined by retail business. The use includes the sale of goods, resulting from such operations, provided that sales space does not exceed 20% of the use area. Any space dedicated for administration or accounting work in connection with such operations does not exceed 20% of the use area. The term includes the following types: Type 1 Warehouse: The use of premises for the storage of goods, merchandise or materials in large stocks (whether or not such storage is required for an adjoining shop or other commercial premises), pending their distribution or wholesale. The use includes a warehouse or self- storage but does not include a retail business. … Retail business means the conduct of a business activity, where goods or services are displayed or offered for sale to the public. The term includes the following types: … Type 4 Showroom: Premises exceeding 250m² gross floor area for the display and sale of goods that are primarily of a bulky nature and of similar type including but not limited to boats, electrical goods, bulk stationery supplies, caravans, furniture, floor coverings, sporting equipment and apparel, motor vehicles, motor accessories and the like. The term includes any associated sale of spare parts for such goods. … Type 6 Hardware: Premises for the display for sale (including hire) of hardware and trade supplies including household fixtures, timber, tools, paint, wallpaper, plumbing supplies and the like, but the term does not include the sale of kitchen or dining wares, picnic ware, camping goods, garden products, furniture or other household products or home wares.”[57] Part 3 sets out the Desired Environmental Outcomes for the Shire. In 3.1.3 under “Commercial & Retail Uses” it is stated:
INDUSTRIAL BUSINESS means manufacturing, storage, service and repair activities which do not involve the use of heavy machinery, are carried out indoors, and are unlikely to give rise to adverse effects beyond the site, and are of a small scale.” Rule 4.5.2 b) ii) is amended to include the following:
INDUSTRIAL BUSINESS means any privilege taxable under
INDUSTRIAL BUSINESS means the business of the Industrial Companies, after giving effect to the occurrence of the Pre-Closing Restructuring Transactions, the other pre-Closing transactions contemplated by this Agreement and consummated on or prior to the Closing Date, and the Post-Closing Restructuring Transactions.