Safety Components definition

Safety Components means a component, provided that it is not interchangeable equipment, which the manufacturer or his authorised representative established in the Community places on the market to fulfil a safety function when in use and the failure or malfunctioning of which endangers the safety or health of exposed persons.

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Safety Components means, collectively, Safety Components International, Inc., Safety Components Fabric Technologies, Inc., Automotive Safety Components International, Inc., ASCI Holdings Germany (DE), Inc., ASCI Holdings UK (DE) Inc., ASCI Holdings Mexico (DE), Inc., and ASCI Holdings Czech (DE), Inc., each of which are Delaware corporations and are Debtors and Debtors-in-Possession in the Reorganization Cases.

Safety Components as defined in the preamble hereto.

Examples of Safety Components in a sentence

Any such notice shall be deemed given when so delivered personally or sent by facsimile transmission (provided that a confirmation copy is sent by overnight courier), one day after deposit with an overnight courier, or if mailed, five (5) days after the date of deposit in the United States mails, as follows: To the Company: Safety Components International, Inc.
Any such notice shall be deemed given when so delivered personally or sent by facsimile transmission (provided that a confirmation copy is sent by overnight courier) or one day after deposit with an overnight courier, as follows: To the Company: Safety Components International, Inc.
Except as otherwise expressly provided herein, all notices and other communications provided for hereunder will be in writing (including telegraphic, telex, facsimile transmission or cable communication) and mailed, telegraphed, telexed, transmitted, cabled or delivered, (a) if to any Obligor to such Obligor at Safety Components International, Inc., Corporate Center, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, Greenville, South Carolina 29605, attention: ▇▇▇▇▇ ▇.
A set of counterparts executed by all the parties hereto shall be lodged with the Safety Components and the Administrative Agent.
Purchaser shall have obtained the consent of KeyBank National Association ("KeyBank") under the Credit Agreement, dated as of May 21, 1997, among Purchaser, Phoenix Airbag GmbH and Automotive Safety Components International Limited, as borrowers, KeyBank, as administrative agent, and the lending institutions named therein.
On the Effective Date, Safety Components Fabric Technologies, Inc.
Notwithstanding the foregoing, it is acknowledged and agreed that neither Automotive Safety Components International, S.A. de C.V. nor Automotive Safety Components International s.r.o (during any time it is an Obligor) has entered into, and neither of them will enter into, any mortgages, pledges, assignments or other grants of Liens or security interests in favor of the Administrative Agent or the Lenders.
In the event the New World Public Safety Components are transferred to our data center and we provide hosting services directly to you, the terms of the SLA will also apply.
On April 7, 2000 (the "Petition Date"), Safety Components and its direct and indirect subsidiaries listed on Schedule 2 hereto (collectively, the "Debtors") filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code, 11 U.S.C. ▇▇.▇▇.
Fax No.: (▇▇▇) ▇▇▇-▇▇▇▇ If to the Purchaser, to: Safety Components International, Inc.

More Definitions of Safety Components

Safety Components means a component:

Safety Components means Safety Components International, Inc., a Delaware corporation.

Safety Components as defined in the preamble hereto. "Security Documents": the documents listed on Schedule 4 hereto pursuant to which the Obligors granted certain Liens and security interests to the Administrative Agent for the ratable benefit of the Lenders to secure the Prepetition Obligations. "Senior Exit Facility Borrowers": as defined in Recital E. "Senior Exit Facility Credit Agreement": as defined in Recital E. "Senior Exit Facility Documents": as defined in Recital E. "Senior Exit Facility Guarantors": as defined in Recital E. "Senior Exit Facility": as defined in Recital E. "Senior Lender": as defined in Recital E. 5 <PAGE> "Subordinated DIP Credit Agreement": as defined in Recital C. "Subordinated DIP Facility Closing Date": as defined in Recital C. "Subordinated DIP Facility Documents": collectively, the Subordinated DIP Credit Agreement and the notes evidencing Subordinated DIP Term Loans. "Subordinated DIP Interest and Fees": as defined in Recital C. "Subordinated DIP Obligations": as defined in Recital C. "Subordinated DIP Term Loans": as defined in Recital C. "Subordinated Exit Facility Documents": collectively, this Agreement and the Term Loan Notes. "Term Loan Notes": as defined in Section 2.4. "Term Loans": as defined in Section 2.1. "Uniform Commercial Code": the Uniform Commercial Code as in effect from time to time in the State of New York or in any other state the laws of which are required by Section 9-103 thereof to be applied in connection with the issue of perfection of security interests. 6 <PAGE> Schedule 4 Security Documents 1.