CRC Business definition

CRC Business means (a) the exploration for and development and production of crude oil and condensate, NGL and natural gas in the State of California and in state waters offshore California, including all California operations of OPC’s Oil and Gas Segment, operated mainly through OXY Long Beach and California Resources Elk Hills, California Production, and the California operations of OXY USA, and the gathering and processing of such crude oil, condensate, NGL and natural gas, (b) the ownership interest in and operation of three gas-fired combined cycle power plants at Elk Hills Field in California and THUMS in California, (c) the marketing and trading of crude oil and condensate, NGL, natural gas, water, steam and electricity produced in the operations set forth in clause (a) and (b) of this definition, and (d) the abandonment, monitoring and remediation of oil and gas properties and operations utilized therein. For the avoidance of doubt, the “CRC Business” shall not include (i) the existing third-party crude oil and gas marketing business of OPC and its subsidiaries’ non-California midstream and marketing segment, which participates in various U.S. markets, including California, and (ii) the office building located at 00000 Xxxxxxxx Xxxxxxxxx, Xxx Xxxxxxx, XX 00000, which is owned by Oxy Westwood Corporation, a California corporation that is a subsidiary of Sub 1.
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CRC Business has the meaning set forth in the Separation Agreement.
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CRC Business means (a) the exploration for and development and production of crude oil and condensate, NGL and natural gas in the State of California and in state and federal waters offshore California, including all California operations of OPC’s Oil and Gas Segment including those operated through California Resources Long Beach and CREH, CRPC, and the California operations of OXY USA, and the gathering and processing of such crude oil, condensate, NGL and natural gas, (b) the ownership interest in and/or operation of three natural gas-fired cogeneration power plants at Elk Hills Field in California and THUMS in California, (c) the marketing and trading of crude oil and condensate, NGL, natural gas, water, steam and electricity produced in the operations set forth in clause (a) and (b) of this definition, and (d) the abandonment, monitoring and remediation of oil and gas properties and operations utilized therein. For the avoidance of doubt, the “CRC Business” shall not include (i) the existing Third-Party natural gas marketing business of OPC and its Subsidiaries’ non-California midstream and marketing segment, which participates in various U.S. markets, including California, and (ii) the office building located at 10889 Wilshire Boulevard, Los Angeles, CA 90024, which is owned by Oxy Westwood Corporation, a California corporation that is a subsidiary of OXY USA.
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Examples of CRC Business in a sentence

  • Based upon the anticipated formation of NEP00L and the consummation of the settlernent agreement involving various factions within the New England bulk power mar 6et, the Department did not recommend a hearing in Millstone 3.

  • Chartered clubs are required to have a CRC Club/Organization Account, maintained by CRC Business Services Office.

  • The board of directors of OPC has determined that it is in the best interests of OPC and its stockholders to create a new publicly traded company that shall operate the CRC Business.

  • All funds raised must be deposited into a CRC Club Account with the CRC Business Services Office.

  • The CRC Business Manager will provide oversight of the in-country fiscal and administrative team, and the CRC grants specialist will coordinate with the in-country team on managing cash flow and advances.

  • Membership of the Committee is: Xx Xxxxxx Alla, Chairman, Australian Water Services Pty Ltd Prof Xxx Xxxxx, RMIT Dr Xxxx Chiffings, Australian Water Technologies Pty Ltd Dr Xxxx Xxxxxx, Orica Australia Pty Ltd Xx Xxxxx Xxxxx, United Water International Pty Ltd Xxxx Xxx Xxxxxxx, CRC Director Xx Xxxx Xxxxxxxxx, CRC Deputy Director Xx Xxxxxx Xxxxxxx, CRC Business Manager CENTRE MA XXXXX ENT Figure 1 shows the management structure of the Centre.

  • A further three projects require working up in conjunction with the CRCs for Freshwater Ecology and/or Coastal Zone; approvals for these projects will be sought from the Board in May.It has been decided that each CRC core project will be funded for three years initially, although most envisage a longer period to meet the targets set in the CRC Business Plan.

  • Sellers shall use their best efforts to continue to carry on the CRC Business, the LPPC Business and the CRCWA Business in the ordinary course and substantially in accordance with past practice and will not take any action inconsistent therewith or with the consummation of the closing of this Agreement.

  • This transition will increase the already heavy workload of the CRC Business Manager, who will assume this responsibility through the end of the Program.

  • On February 14, 2014, the board of directors of OPC (the “OPC Board”) approved the spin-off of the CRC Business as a separate publicly traded company.


More Definitions of CRC Business

CRC Business means (a) the exploration for and development and production of crude oil and condensate, NGL and natural gas in the State of California and in state waters offshore California, including all California operations of OPC’s Oil and Gas Segment, operated mainly through OXY Long Beach and Occidental of Elk Hills, Vintage Production, and the California operations of OXY USA, and the gathering and processing of such crude oil, condensate, NGL and natural gas, (b) the ownership interest in and operation of three gas-fired combined cycle power plants at Elk Hills Field in California and THUMS in California, (c) the marketing and trading of crude oil and condensate, NGL, natural gas, water, steam and electricity produced in the operations set forth in clause (a) and (b) of this definition, and (d) the abandonment, monitoring and remediation of oil and gas properties and operations utilized therein. For the avoidance of doubt, the “CRC Business” shall not include the existing third-party crude oil and gas marketing business of OPC and its subsidiaries’ non-California midstream and marketing segment, which participates in various U.S. markets, including California.
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Related to CRC Business

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

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

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

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

  • 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.

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

  • 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.

  • 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;

  • Subject Business means the policy or policies that are

  • 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.

  • 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.

  • Micro Business means a company which either:

  • 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).

  • Licensed Business means the activities connected with the conveyance of

  • 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.

  • 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 –

  • Minority Business means a business:

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

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

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Separate Business means each of the activities of the Licensee connected

  • 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;

  • 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;

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Group Business Entity means;

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