Examples of Tennessee Facility in a sentence
Tennessee law shall apply to the interpretation of this Agreement for any matter arising from the sale of Product produced from Seller's Charleston, Tennessee Facility, without giving effect to its conflict of law provisions.
It is not usual for contract requirement employees to be moved from working under one contract to another during the course of the contract.
The Company maintains two defined benefit retirement plans (the “Plan(s)”), one for employees covered by the contracts with the United Steelworkers of America (“hourly employees”) and one for substantially all other employees (“salaried employees”), except those employees at the Tennessee Facility.
Except as set forth in Section 3.12 to the Seller Disclosure Schedule, the Company has good and valid fee title to the Tennessee Facility, free and clear of all liens, other than those that will be released at Closing, liens for taxes not yet due and payable, and exceptions to title or similar encumbrances incurred in the ordinary course of business that do not detract from the value or marketability of the Tennessee Facility or interfere with its use in the ordinary course of business.
As discussed in Note 4, the carrying value of the Tennessee Facility has been adjusted for an asset impairment loss.
The Facilities have continued to employ significant numbers of workers, the General Motors business has received significant benefits (including hundreds of millions of dollars in government support at the Maryland Facility and significant tax benefits at the Tennessee Facility) for their continued operation and expansion, and New GM has invested many millions of dollars into expanding the Maryland Facility to continue its push into “green” automobiles.
As discussed extensively above (see supra at ¶¶ 20-30), both the Maryland Facility and the Tennessee Facility are today essential elements of New GM’s business and operations.
On the Commencement Date, which is specified in theSale Order as the relevant date, there is no dispute that Old GM was operating both the Maryland Facility and the Tennessee Facility as integral parts of the General Motors business.
Based on such judgment and assumptions underlying the calculation, the Company has reduced the carrying value of the Tennessee Facility by $6.6 million in the third quarter of fiscal 2002.
The approach to crisis management is based on the situation when the company is affected by the crisis.