Examples of Tronox Worldwide in a sentence
In 2005, New Kerr McGee and Old Kerr-McGee entered into a series of agreements that documented the terms of the separation, including several 2005 transactions.10 (JX66) In an Assignment, Assumption & Indemnity Agreement (“A, A & I Agreement”) and a related “Assignment Agreement,” New Kerr-McGee and its wholly-owned subsidiary, then known as Kerr-McGee Chemical Worldwide LLC (later to become Tronox Worldwide LLC), agreed on a formal split of their properties.
Kerr-McGee Chemical Worldwide later became Tronox Worldwide LLC, one of the plaintiffs, and retained all of the legacy liabilities of Old Kerr-McGee.
To effect the separation, Tronox Incorporated was formed as a new holding company to hold the limited liability company membership interests in Tronox Worldwide LLC.
Moreover, Defendants did not raise their “entity by entity” argument until late in the day, and also that the parties found it impossible to allocate many of the environmental liabilities between Tronox Worldwide (Old Kerr-McGee) and Tronox LLC (old Tronox Chemical).
Xxxx Title: Director A By: /s/ Xxxxxxx Xxxxxx Xxxxxx Name: Xxxxxxx Xxxxxx Xxxxxx Title: Director B Tronox Worldwide Pty Limited, acting for itself, on behalf of Tronox Global holdings Pty Ltd as limited partner of Tronox Holdings Europe C.V., and in its capacity as general partner of Tronox Holdings Europe C.V. By: /s/ Xxxxxx X.
Tronox Worldwide LLC (formerly Kerr-McGee Chemical Worldwide LLC) was Old Kerr McGee and the parent company of Tronox LLC, formerly known as Kerr-McGee Chemical LLC, successor to the Old-Kerr-McGee chemical business.
The debtors in these cases include: Tronox Luxembourg S.ar.l; Tronox Incorporated; Cimarron Corporation; Southwestern Refining Company, Inc.; Transworld Drilling Company; Triangle Refineries, Inc.; Triple S, Inc.; Triple S Environmental Management Corporation; Triple S Minerals Resources Corporation; Triple S Refining Corporation; Tronox LLC; Tronox Finance Corp.; Tronox Holdings, Inc.; Tronox Pigments (Savannah) Inc.; and Tronox Worldwide LLC.
Conversely, an allegedly illusory indemnity and 100 percent of New Kerr- McGee’s interest in Tronox Worldwide LLC were transferred into Tronox, and the Chemical Business was left with massive Legacy Obligations.
On the Effective Date, Tronox Worldwide LLC will transfer the BMI/Landwell Assets to the Nevada Trust or, at the direction of the Nevada Trust, to an entity in which the Nevada Trust has an interest, in either case on terms and conditions to be reasonably agreed upon by Settlors, the Nevada Trustee, the State of Nevada, and the United States.
Tronox Worldwide LLC is a wholly owned subsidiary of Tronox Incorporated.