CIT Business definition

CIT Business means solely Seller's business of designing, engineering, performing research and development related to, manufacturing and selling of highly efficient automated machinery for freezing ice, food, food by-products, non-foods, freeze-thawed residual products, thermal energy storage, making recreational snow, and other applications not yet defined which incorporate the Intellectual Property and is commonly referred to as "Channel Ice" or "Channel Ice Technologies", but excluding the Intellectual Property of PowerCold.
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CIT Business has the meaning set forth in Section 6.09(a) of this Agreement.
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CIT Business means all businesses, operations and activities (whether or not such businesses, operations or activities are or have been terminated, divested or discontinued) conducted at any time prior to the Effective Time by either Party or any member of its Group, other than the C2 Business.
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Examples of CIT Business in a sentence

  • The amended and restated financing agreement between TII, TEI, CIT Business Credit Canada Inc.

  • Each Lender (and each Secured Affiliate by and through its affiliated Lender) and each Issuing Bank hereby designates JPMorgan Chase Bank as Administrative Agent, CIT Business Credit Canada Inc.

  • Pursuant to, and in accordance with, the terms and provisions of that certain Amended and Restated Financing Agreement (“Agreement”), between CIT Business Credit Canada Inc.

  • Notwithstanding the provisions of Section 32 of the An Act Respecting the Special Powers of Legal Persons (Quebec), CIT Business Credit Canada Inc.

  • The Seller represents that the financial statements which are to be included in the Circular will be prepared in accordance with IFRS and that they will present in all material respects the consolidated financial position and results of operations and cashflows of the CIT Business as of their respective dates and for the periods indicated.

  • For a period of three months following the Separation Date, CIT shall be entitled, on a royalty free, transition basis, to use the name "Tyco ▇▇▇▇▇▇▇" in the CIT Business in the manner and under the conditions in which such name is used in the CIT Business as of the Separation Date.

  • At, or within a reasonable period following, the Closing, all of the Books and Records related to the Purchased Entity and each Indirect Purchased Entity and each Other Facility Seller (as it relates to the Other Facilities), as applicable, or the CIT Business conducted will be in the possession or control or available to the Partnership and MHI Inc.

  • There is no pending or, to the Seller’s Knowledge, threatened investigation of the Purchased Entity or any Indirect Purchased Entity or any Other Facility Sellers (as it relates to the Other Facilities) and/or in respect of the Facilities or the CIT Business by any Governmental or quasi-Governmental Authority.

  • Except as disclosed in the Reports, the assets used in connection with the CIT Business are in good operating condition and repair having regard to their use and age and suitable for the uses to which they are being put.

  • The Lenders and the Issuing Banks hereby: (i) irrevocably constitute, to the extent necessary, CIT Business Credit Canada Inc.


More Definitions of CIT Business

CIT Business means the Information Technology support function currently operated by Mey Eden Limited in Israel;
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