IRNJ definition
Examples of IRNJ in a sentence
Pursuant to Section 803(b) of the Indenture, the Successor Guarantor hereby succeeds to, and is substituted for, and may exercise every right and power of, IRNJ as Guarantor under the Indenture, the Securities and the Guarantee with the same effect as if the Successor Guarantor had been named as “Guarantor” in the Indenture, the Securities and the Guarantee.
Dresser-Rand Group Plans which are sponsored or maintained by IRNJ or members of the Dresser-Rand Group that are domiciled in the United States of America shall hereinafter be referred to as "U.S. Dresser-Rand Group Plans" and Dresser-Rand Group Plans which are not U.S. Dresser-Rand Group Plans shall hereinafter be referred to as "Non-U.S. Dresser-Rand Group Plans".
In accordance with Section 801(b) of the Indenture, the Successor Guarantor hereby expressly assumes under Indenture, (1) the Guarantee of IRNJ under the Indenture and (2) the due and punctual performance and observance of all of the covenants and conditions of the Indenture to be performed by IRNJ under the Indenture.
The Agreement dated 22nd day of December 199, between, IR of New Jersey ("IRNJ") a New Jersey corporation and IR Operating Corporation a Delaware corporation ("IR").
Torrington may commingle such amounts collected by it with its own funds, pending remittance to IRNJ, to the extent necessary to avoid undue administrative expense, but shall not otherwise exercise any dominion or control over such amounts, hold itself out to any third party as their owner, or hold the amounts under claim of right.
Instead, consistent with IRNJ's interest as principal to the Continued Dumping Offset payments under this Section 5.17, Torrington shall apply for, collect, and remit all such amounts solely as custodian and collection agent for and on behalf of IRNJ and not as a principal, partner or joint venturer.
All amounts payable to IRNJ pursuant to this Section 5.17 shall be paid in cash within five days of receipt of the Continued Dumping Offset by Torrington, PROVIDED that IRNJ shall have furnished its account information not less than two Business Days prior to any such payment by Torrington.
Torrington (or its successor) shall make payments in cash to IRNJ, in amounts equal to (i) 100% of all amounts received by Torrington in respect of the Continued Dumping Offset applicable to the Business in 2002, (ii) 80% of all amounts received by Torrington in respect of the Continued Dumping Offset applicable to the Business in 2003 and (iii) 80% of all amounts received by Torrington in respect of the Continued Dumping Offset applicable to the Business in 2004 (the "CDO Payment Rights").
Consistent with Torrington's status as IRNJ's custodian and collection agent, IRNJ and Torrington shall report all such amounts collected by Torrington and remitted to IRNJ for tax and financial reporting purposes as having been received directly by IRNJ from the United States (unless otherwise required under Law).
In accordance with Section 801(b) of the Indenture, the Successor Guarantor hereby expressly assumes (1) the Guarantee of IRNJ under the Indenture and (2) the due and punctual performance and observance of all of the covenants and conditions of the Indenture to be performed by IRNJ.