SP Facility definition

SP Facility is defined in the Recitals, above.
Sample 1Sample 2Sample 3
SP Facility has the meaning set forth in Recital B.
Sample 1Sample 2

Examples of SP Facility in a sentence

  • At Closing, Schering-Plough and Buyer shall execute a notarial deed of sale (the “Deed of Sale”) substantially in the form attached hereto as Exhibit T, in order for Schering-Plough to sell, transfer, convey and deliver to Buyer, and in order for Buyer to purchase, accept, acquire and assume the full ownership (pleine propriété) of all of Schering-Plough’s right, title and interest in and to all of the real property and assets comprised in the SP Facility.

  • Buyer acknowledges that it has conducted a reasonable due diligence investigation, for a transaction of this nature, including without limitation, all examination of the materials provided by Seller and on site examination of the Acquired Assets and DF Manufacturing Business and SP Facility as desired by Buyer.

  • Prior to the Closing Date and with the prior consent of Seller (which consent shall not be unreasonably withheld, delayed, or conditioned), Buyer shall be authorized to conduct any environmental testing or study on the SP Facility site where the DF Manufacturing Business is operated so as to complete the Transaction.

  • At Closing, Buyer shall assume all environmental obligations and liabilities of Buyer and/or Schering-Plough, whether known or unknown, fixed, contingent or otherwise, related to the SP Facility or the DF Manufacturing Business and arising before, on or after the Closing Date.

  • The aggregate purchase price for the SP Facility shall be an amount equal EUR 762,000 to be paid by Buyer in accordance with the provisions of the Deed of Sale.

  • Buyer undertakes not to remove the retained samples and stability testing samples located at the SP Facility as long as the Stability Testing Services Agreement is in effect.

  • Buyer acknowledges that it has conducted to its satisfaction, its own independent investigation of the DF Manufacturing Business and the SP Facility and, in making the determination to proceed with the transactions contemplated by this Agreement, Buyer has relied on the results of its own independent investigation and the representations and warranties contained in this Agreement.

  • Within the context of the sale of the DF Manufacturing Business, Schering-Plough desires to sell, transfer and assign to Buyer, and Buyer desires to purchase from Schering-Plough all right, title and interest of Schering-Plough in and to (i) the real property and (ii) assets comprising the SP Facility.

  • Except as set forth in this Section 2.1, purchases of Newsprint in excess of Purchaser’s Annual Tonnage Commitment and/or changes in allotments for each SP Facility will be subject to the mutual agreement of Purchaser and SP.

  • Determine the then-current quarter average freight for all shipments excluding those with Purchase Contracts separately for each SP Facility.

Related to SP Facility

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Triage facility means a short-term facility or a portion

  • DIP Facilities means the DIP ABL Facility and the DIP Term Loan Facility.

  • Holding facility means a designated area for the retention of

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Existing Facility Agreement means Existing Facility Agreement A, Existing Facility Agreement B, Existing Facility Agreement C and Existing Facility Agreement D and, in the plural, means all of them;

  • Facility means the entire operation located on the property where the Equipment is located;

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Exit ABL Facility means the asset-based revolving credit facility provided for under the Exit ABL Credit Agreement.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Exit Facilities means, collectively, the Exit ABL Facility and the Exit Term Loan Facility.