PIB Unit definition
PIB Unit means the polybutene unit owned by BP Amoco Chemical Company at its facility in Texas City, Texas including the real estate relating thereto;
PIB Unit means the polybutene unit owned by BP Amoco Chemical Company at its facility in Texas City, Texas including the real estate relating thereto; “Pipelines” means the pipelines owned and/or operated by the Innovene Group Businesses at the Completion Date including those listed in Part 2 of Annex A to Schedule 6 and any associated infrastructure but excluding the US JV Pipeline Assets; “Pipelines and Jetties Contamination” means the presence of Hazardous Materials in the Environment as a result of the operation of the Pipelines and/or the Jetties by the Innovene Group Business at any time prior to the Completion Date; “Post-Completion Date Product Liability Claim” means any Claim other than in relation to exposure to Hazardous Materials in, on or under soil, groundwater or surface water and other than from an employee or former employee of the BP Group or Innovene Group in respect of exposure while in the employment of either the BP Group or the Innovene Group arising from the exposure of any person to Hazardous Materials manufactured at any time after the Completion Date by the Innovene Group Businesses; “Pre-Completion Date Product Liability Claim” means any Claim other than in relation to exposure to Hazardous Materials in, on or under soil, groundwater or surface water and other than from an employee or former employee of the BP Group