TIFSA definition
Examples of TIFSA in a sentence
Each of the Parties acknowledges and agrees that TIFSA shall be primarily liable for and shall satisfy all obligations of Tyco under this Agreement, without right of contribution, reimbursement, or compensation from Tyco International.
Each of the Parties acknowledges and agrees that TIFSA shall be primarily liable for and shall satisfy all obligations of Tyco under this Agreement and all obligations of Tyco International to ADT NA under the Flow Control Agreement, without right of contribution, reimbursement, or compensation from Tyco International.
Any Tyco Retained Liability required to be Assumed by Tyco pursuant to clause (i) above or any other Liability required to be Assumed by Tyco under this Agreement or any Ancillary Agreement that is not Assumed by a member of the Tyco Group (including, for these purposes, the Flow Control Group) other than Tyco International or TIFSA shall be Assumed by TIFSA and not by Tyco International.
To the extent ADT LLC purchases any Tyco International ADT Asset pursuant to Section 2.2(d) after the ADT Separation Date, TIFSA shall indemnity for and pay to ADT NA in accordance with Section 8.6 an amount equal to the purchase price of such Tyco International ADT Asset.
Tyco International, TIFSA and ADT NA intend to further define rights and obligations with respect to handling and allocating non-income taxes with respect to specified legal entities and in furtherance thereof are hereby entering into this Agreement.
Any interest and other income resulting from such investments shall be paid to TIFSA or Merger Sub on the earlier of (A) one (1) year after the Effective Time or (B) the full payment of the Exchange Fund.
JCI PLC, JCI and TIFSA intend to commence one or more offers to exchange (a) at least a majority in aggregate principal amount of JCI’s outstanding, unsecured, unsubordinated registered notes and (b) at least a majority in aggregate principal amount of TIFSA’s outstanding, unsecured, unsubordinated registered notes, in each case, for unsecured, unsubordinated notes of the Parent (which notes shall not have the benefits of any Guarantee by a Subsidiary of the Parent).
The cash portion of the Exchange Fund shall be invested by the Exchange Agent as reasonably directed by mutual agreement of TIFSA or Merger Sub, on the one hand, and the Company, on the other hand; provided, however, that any investment of such cash shall in all events be limited to direct short-term obligations of, or short-term obligations fully guaranteed as to principal and interest by, the U.S. government, in commercial paper rated P-1 or A-1 or better by ▇▇▇▇▇’▇ Investors Service, Inc.
Prior to the Effective Time, TIFSA or Merger Sub shall designate a bank or trust company reasonably acceptable to the Company to act as the exchange agent in connection with the Merger (the “Exchange Agent”).
As of the date hereof, each Debt Commitment Letter is (x) a valid and binding obligation of TIFSA and, to the knowledge of Parent, of each of the other parties thereto and (y) in full force and effect.