OSG Business definition
OSG Business means, at any time prior to the Effective Time, the operation of that certain U.S. Flag fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products operating either under the J▇▇▇▇ Act or internationally in the U.S. Maritime Security Program, as operated by any member of the OSG Group.
OSG Business shall have the meaning set forth in the Separation and Distribution Agreement.
Examples of OSG 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 INSW Business, (B) solely to the OSG Business or (C) to both.
Relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact relates to information supplied by the INSW Business or a member of the INSW Group, on the one hand, or the OSG Business or a member of the OSG Group, on the other hand.