Adient Business definition

Adient Business has the meaning set forth in the Separation and Distribution Agreement.
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Adient Business means (a) the business, operations and activities conducted at any time prior to the Effective Time by Xxxxxxx Controls, Adient or their current or former Affiliates relating to the designing, manufacturing, researching and developing, marketing and selling, either directly or indirectly, of interior products and systems for passenger cars and light trucks, including complete seating systems, frames, mechanisms, foam, head restraints, armrests, trim covers and fabrics, interior systems, door systems, floor consoles, instrument panels, cockpits, overhead systems and overhead consoles and (b) any terminated, divested or discontinued businesses, operations and activities that, at the time of termination, divestiture or discontinuation, primarily related to the business, operations or activities described in clause (a) as then conducted, (i) including those set forth on Schedule 1.1(b)(i) (ii) other than those set forth on Schedule 1.1(b)(ii).
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Adient Business means (a) the business, operations and activities conducted at any time prior to the Effective Time by RemainCo, Parent or their current or former Affiliates relating to the designing, manufacturing, researching and developing, marketing and selling, either directly or indirectly, of interior products and systems for passenger cars and light trucks, including complete seating systems, frames, mechanisms, foam, head restraints, armrests, trim covers and fabrics,
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Examples of Adient Business in a sentence

  • Effective as of the Effective Time, Adient shall assume responsibility for plan administration of the employee benefit plans sponsored or maintained by certain joint ventures primarily related to the Adient Business as set forth in Schedule 6.09 hereto.

  • Effective as of the Effective Time, Adient shall assume responsibility for plan administration of the retirement plans sponsored or maintained by certain joint ventures primarily related to the Adient Business as set forth in Schedule 5.10 hereto.

  • Adient shall be responsible for any and all Taxes due with respect to, attributable to or required to be reported on any Combined Return that are allocable to Post-Distribution Periods (including any increase in such Taxes as a result of a Final Determination) to the extent such Taxes are attributable to the Adient Business.

  • The Parties shall use the procedures set forth in Article VII to resolve any disputes as to whether any information relates solely to the Xxxxxxx Controls Business, solely to the Adient Business, or to both the Xxxxxxx Controls Business and the Adient Business.

  • The compliance statements also provide reference to the relevant legislative citation.

  • Due to the significance of the transaction, the unaudited pro forma combined statement of financial position as of June 30, 2016 and the unaudited pro forma combined statements of income for the year ended September 30, 2015 and for the nine months ended June 30, 2016 have been adjusted to reflect the spin-off of the Adient Business, which will be treated as a discontinued operation at the time of the spin-off.

  • Significant nonconformance(s) relative to Adient expectations shall result in a supplier not being considered for Adient Business.

  • The separation will be effected by means of a declaration in specie of the automotive seating and interiors business to the Johnson Controls International plc shareholders, which the board declared on September 8, 2016, by way of the transfer of the Adient Business to Adient (as defined below) and the issuance of ordinary shares of Adient to holders of Johnson Controls International plc’s ordinary shares on a pro rata basis (the “distribution”).

  • The unaudited pro forma financial information related to the approved spin-off of the Adient Business has been prepared in accordance with the discontinued operations guidance in ASC 205, “Financial Statement Presentation” (“ASC 205”) and therefore does not reflect what Johnson Controls’ or Adient’s results of operations would have been on a stand-alone basis and are not necessarily indicative of Johnson Controls’ or Adient’s future results of operations.

  • As such, the unaudited pro forma combined financial statements of income do not allocate any general corporate overhead expenses of Johnson Controls to the Adient Business.


More Definitions of Adient Business

Adient Business means (a) the business, operations and activities conducted at any time prior to the Effective Time by RemainCo, Parent or their current or former Affiliates relating to the designing, manufacturing, researching and developing, marketing and selling, either directly or indirectly, of interior products and systems for passenger cars and light trucks, including complete seating systems, frames, mechanisms, foam, head restraints, armrests, trim covers and fabrics, interior systems, door systems, floor consoles, instrument panels, cockpits, overhead systems
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Adient Business has the meaning set forth in the Separation and Distribution Agreement. “Adient Capital Stock” means all classes or series of capital stock of Adient, in- cluding (i) the Adient Shares, (ii) all options, warrants and other rights to acquire such capital stock, and (iii) all instruments properly treated as stock in Adient for Federal Income Tax pur- poses. “Adient Carryback Item” means any net operating loss, net capital loss, excess tax credit or other similar Tax item of any member of the Adient Group which may or must be car- ried from any Post-Distribution Period to any Pre-Distribution Period under the Code or other applicable Tax Law. “Adient Group” means Adient and its Affiliates, as determined immediately after the Distribution. “Adient Group Employees” has the meaning set forth in the Employee Matters Agreement. “Adient Group Relief” means, without duplication, (i) any Relief of any member of the Adient Group as of immediately after the Distribution and (ii) any Relief generated by, or attributable or arising to, any member of the Adient Group in a Post-Distribution Period. “Adient Return” has the meaning set forth in Section 3.02.
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Related to Adient Business

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Company Business means the business of the Company as presently conducted.

  • Subject Business means the policy or policies that are

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Micro Business means a company which either:

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Relevant Business means any business or part thereof howsoever carried on involving the supply of Restricted Goods and/or Services;

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • Trust business means the business of acting as trustee, executor or administrator;

  • Licensed Business means the activities connected with the conveyance of

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.

  • Minority Business means a business:

  • Group Business Entity means;

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Retained Businesses means all businesses, operations and activities directly or indirectly conducted or formerly conducted by the Seller Group other than the Business (including all businesses, operations and activities related to any dealerships sold or disposed of prior to the date hereof).

  • Excluded Businesses has the meaning set forth in Schedule 1.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;