ION Transmissions Sample Clauses

ION Transmissions. The ION Transmissions business unit is responsible for manufacturing and developing transmissions. It is in the process of both updating and diversifying its product range. ION Transmissions’ operations are stable and operating smoothly. Since the Administrators’ appointment, production has continued without interruption, notwithstanding the very large number of suppliers involved. Production volumes have been slightly ahead of schedule, thanks to the efforts of its employees. Aggressive profit improvement reviews at this site were not necessary prior to a sale because it was already running well and a redundancy programme was effected in November 2004 so as to re-align factory resources with current demand. ION Transmissions’ volumes fell significantly in 2004 as a consequence of the following: ▪ loss of volume to customers in North Asia, which is mainly attributed to reduced vehicle model sales in Korea; and ▪ a decline in the volume of 4 speed transmissions sold to Ford as this transmission model approaches the end of its life (2008). The Administrators continue to support the completion of the new 6 speed transmission that ION Transmissions has developed. The research and development facility continues to operate normally, and discussions with prospective Asian buyers of this product are continuing. Since the Administrators’ appointment, Ford confirmed that it will not be a customer for ION Transmissions’ 6 speed transmission. We have confirmed that Ford advised the ION Administration Group to this effect in September 2004, which is further discussed in section 10 of this report. The Administrators are investigating this matter to ascertain whether it should have been disclosed to shareholders and/or financiers at that time. At the time of the Administrators’ appointment, ION Transmissions had commenced building a production line for rear axle differentials however this project will not be completed as a result of Xxxxxx’x decision not to proceed. Holden has since advised that the supply arrangement will be taken over by ZF Australia Pacific Pty Ltd. The ION Transmissions business unit continues to trade cashflow positively due to a positive EBITDA contribution and the moratorium on pre-appointment debts afforded under the Act by the Administrators’ appointment. Sales achieved by the ION Transmissions business unit during the reported period are consistent with the Administrators’ expectations, despite reductions in Ford volumes. The Administrators ant...
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Related to ION Transmissions

  • Information Transmission The Provider, on behalf of itself and its respective Subsidiaries, shall use commercially reasonable efforts to provide or make available, or cause to be provided or made available, to the Recipient, in accordance with Section 6.1 of the Separation and Distribution Agreement, any Information received or computed by the Provider for the benefit of the Recipient concerning the relevant Service during the Service Period; provided, however, that, except as otherwise agreed to in writing by the Parties (a) the Provider shall not have any obligation to provide, or cause to be provided, Information in any non-standard format, (b) the Provider and its Subsidiaries shall be reimbursed for their reasonable costs in accordance with Section 6.3 of the Separation and Distribution Agreement for creating, gathering, copying, transporting and otherwise providing such Information, and (c) the Provider shall use commercially reasonable efforts to maintain any such Information in accordance with Section 6.4 of the Separation and Distribution Agreement.

  • Loop Transmission Types 3.1 Subject to the conditions set forth in Section 1 of this Attachment, Verizon shall allow CBB to access Loops unbundled from local switching and local transport, in accordance with this Section 3 and the rates and charges provided in the Pricing Attachment. Verizon shall allow CBB access to Loops in accordance with, but only to extent required by, Applicable Law. The available Loop types are as set forth below:

  • Data Transmission The procedures for transmitting load obligation data to PJM for DS Supplier’s DS Load shall be as set forth by PJM.

  • Facsimile Transmission When sent by fax to the last fax number of the recipient known to the party giving notice, notice is effective upon receipt, provided that: a) a duplicate copy of the notice is promptly given by first class mail or certified mail or by overnight delivery, or b) the receiving party delivers a written confirmation of receipt. Any notice given by fax shall be deemed received on the next business day if received after 5:00

  • Errors in Transmission By using the Services you accept the risk that an item may be intercepted or misdirected during transmission. The Bank bears no liability to you or others for any such intercepted or misdirected items or information disclosed through such errors.

  • Transmission The Custodian and the Fund shall comply with SWIFT’s authentication procedures. The Custodian will act on FT Instructions received via SWIFT provided the instruction is authenticated by the SWIFT system. § Written Instructions. Instructions may be transmitted in an original writing that bears the manual signature of an Authorized Person(s).

  • Connecting Transmission Owner Obligations Connecting Transmission Owner shall maintain its transmission facilities and Attachment Facilities in a safe and reliable manner and in accordance with this Agreement.

  • Transmission encryption All data transmissions of County PHI or PI outside the secure internal network must be encrypted using a FIPS 140-2 certified algorithm which is 128bit or higher, such as AES. Encryption can be end to end at the network level, or the data files containing PHI can be encrypted. This requirement pertains to any type of PHI or PI in motion such as website access, file transfer, and E-Mail.

  • Transmission of business Where a business is transmitted from one employer to another, as set out in clause 4.4 - Redundancy, the period of continuous service that the employee had with the transmittor or any prior transmittor is deemed to be service with the transmittee and taken into account when calculating notice of termination. However, an employee shall not be entitled to notice of termination or payment in lieu of notice for any period of continuous service in respect of which notice has already been given or paid for.

  • Connecting Transmission Owner’s Attachment Facilities Connecting Transmission Owner shall design, procure, construct, install, own and/or control the Connecting Transmission Owner’s Attachment Facilities described in Appendix A hereto, at the sole expense of the Developer.

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