Examples of Xxxxxxx Assets in a sentence
Except as expressly set forth herein or in any other Ancillary Agreement, Xxxxx Xxxxxxx and each member of the Xxxxx Xxxxxxx Group shall bear the economic and legal risk that the Xxxxx Xxxxxxx Assets shall prove to be insufficient or that the title of any member of the Xxxxx Xxxxxxx Group to any Xxxxx Xxxxxxx Assets shall be other than good and marketable and free from encumbrances.
At the Lake Xxxxxxx Assets, in order to support the Petro 1 and Styrene plants, there is a line between them to allow the transfer of 600 psig superheated steam from one plant to the other for unit upsets and emergencies.
Purge Gas Processing At the Lake Xxxxxxx Assets the Poly 1/2 units send ethylene purge gas from their process to maintain the quality of the polyethylene product.
Except for Permitted Liens and except as set out in the Hood Agreement, Xxxxxxx has good and marketable title to the Xxxxxxx Assets free and clear of any actual, pending or, to the knowledge and belief of Xxxxxxx, threatened claims, Liens, charges, options, set-offs, encumbrances or security interests whatsoever, including, without limitation any action, proceeding or investigation affecting title to the Xxxxxxx Assets before any Governmental Entity.
The parties shall take such action as is necessary in their reasonable discretion, whether before or after the Distribution Date, to complete the transfer of the Energizer Assets to the Energizer Group and the Xxxxxxx Assets to the Xxxxxxx Group, as the case may be, and each party shall cooperate fully with the other in such regard.