Examples of Split Date in a sentence
The agreements further provide that, every 6 years after the Split Date, the Operating Fee is to be revalued and reset to the then-current “Fair Market Rental Value,” defined as the rent that would be negotiated at arm’s length between parties under no compulsion to lease.
Pursuant to Decision No. 89, acquisition of control of Conrail was effected by CSX and NS on August 22, 1998 (the Control Date), and the division of the assets of Conrail by and between CSX and NS was effected on June 1, 1999 (the Split Date).
On the Split Date, CRC’s rail operating properties were divided into two categories: Allocated Assets (which were allocated either to NYC for operation by CSX or to PRR for operation by NS) and Retained Assets (which were retained by CRC for operation for the benefit of both CSX and NS).
As of the Plan Split Date, TimkenSteel or a member of the TimkenSteel Group is solely responsible for taking all necessary, reasonable, and appropriate actions to maintain and administer the Mexico Spinoff Pension Plan so that it complies with applicable local law.
Petitioners will have until July 17, 2003, to clarify whether the proposed debt restructuring applies to Conrail’s preexisting debt obligations (i.e., the obligations that existed on the Split Date and that continue to exist today) or to Conrail’s current debt obligations (i.e., the obligations that existed on the Split Date and that continue to exist today, and, in addition, any post-Split Date obligations incurred by Conrail).