Defense Business definition

Defense Business has the meaning set forth in the Distribution Agreement.

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Defense Business shall have the meaning assigned to such term in the Separation Agreement.

Defense Business means (a) Seller's Missile Systems Division, Electronics Systems Division, Advanced Programs Division, and Advanced Technology and Components Division, together with the Finance, Engineering, Business Development, Supply Process, Human Resources, Quality Assurance, Product Production Process and SG Strategy support activities associated with said divisions, (b) Seller's Commercial Uncooled IR Business, (c) Seller's Smart Antenna Business, (d) the business of the Acquired Subsidiary, (e) the following laboratories of Seller's Corporate and Research Development Laboratories ("CRDL"): the Systems Components Laboratory, the Sensors and Infrared Laboratory and the portion of the Materials Science Laboratory that is engaged in work on gallium arsenide, together with the CRDL management and administration, marketing and contract, and quality, capital and computer activities that support said two laboratories, and (f) certain activities currently performed by corporate staff in support thereof (the cost of which activities has been fully reflected in the Acquired Business Financial Statements and the Acquired Business Interim Financial Statements).

Examples of Defense Business in a sentence

• To the extent not previously provided, Water and Defense shall (at their own cost and expense), to the extent that an ITT Combined or ITT Separate U.S. Income Tax Return includes items of that Party or its Affiliates, the Water Business (in the case of Water), or the Defense Business (in the case of Defense), prepare and provide or cause to be prepared and provided to ITT a Tax Package relating to such Tax Return.

• Each of the Enterprise AR Aging Reports has been prepared from the books and records of Storage AZ or Storage Malaysia, as applicable, reflects the accounts receivables and aging thereof used in the preparation of the unaudited consolidated balance sheet of the Sold Companies (excluding the Legacy Defense Business) as of the Balance Sheet Date included in the Enterprise Financial Statements.

• All of the other Intellectual Property owned by Seller or any of its Subsidiaries and used primarily, or held primarily for use, in connection with the Defense Business as conducted on the date hereof and on the Closing Date will be transferred to the Buyer at the Closing.

• Seller will not amend, waive or modify any provision of any confidentiality or standstill agreement entered into with any other party in connection with such party's interest in acquiring the Acquired Business or the Defense Business or any substantial portion of the Defense Business.

• There are no interferences or other contested inter partes proceedings, either pending or, to the knowledge of Seller, threatened, in any domestic or foreign copyright office, patent and trademark office or any other Governmental Entity relating to any pending application with respect to any material Intellectual Property used in connection with the Defense Business.

More Definitions of Defense Business

Defense Business means the FMC Defense Business or the Harsco Defense Business.

Defense Business means the businesses conducted through the Electronic Systems, Geospatial Systems, Information Systems and Mission Systems segments of ITT prior to the Effective Time (as defined in the Distribution Agreement), including, for the avoidance of doubt, the businesses of (i) the Defense Entities and the Defense Divisions and (ii) any other division, Subsidiary, line of business or investment of ITT or any of its Subsidiaries managed or operated prior to the Effective Time by any Defense Entity, unless such other division, Subsidiary, line of business or investment is an ITT Retained Entity, an ITT Retained Division, a Water Entity or a Water Division.

Defense Business. Recitals "Deferred Deposit Amount" 2.8(c) "Deferred Stock Consideration Amount" 2.2(b) "Deferred Stock Payment" 2.8

Defense Business has the meaning set forth in the Distribution Agreement. “Defense Common Stock” has the meaning set forth in the recitals to this Agreement. “Defense Director Plans” has the meaning set forth in Article IX of this Agreement. “Defense Employees” means persons who, immediately after the Distribution Date, are employed by Defense, including such persons identified on Schedule 1(a)(ii) and such persons absent from work at Defense by reason of layoff, leave of absence or disability. “Defense Indemnitees” has the meaning set forth in the Distribution Agreement. “Defense Plans” means such plans, programs and arrangements maintained for the benefit of Defense Employees prior to the Distribution Date. “Defense Stock Plan” has the meaning set forth in Article VII of this Agreement. “Distribution” has the meaning set forth in the recitals to this Agreement. “Distribution Agent” has the meaning set forth in the Distribution Agreement. “Distribution Agreement” has the meaning set forth in the recitals to this Agreement. “Distribution Date” has the meaning set forth in the Distribution Agreement. Table of Contents

Defense Business shall include the business of the Company and its Subsidiaries as conducted as of the date of the Recapitalization Agreement or as of Closing, or as conducted in the twelve (12) months prior to the date of the Recapitalization Agreement. For purposes hereof, the term “vehicle” shall include autonomous vehicles, vehicle subsystems, vehicle robotic systems and add on components.

Defense Business means (a) Seller's Missile Systems Division, Electronics Systems Division, Advanced Programs Division, and Advanced

Defense Business means the direct or indirect conceptualization, design, development, production, manufacture, integration, sourcing, advertising, marketing, sale and/or distribution (including through distributors, dealers or any other channel) of: (i) purpose-built military vehicles (including Mine Resistant Ambush Protected vehicles and Special Operations Tactical Vehicles) anywhere in the world to any customer; (ii) MilCOTS Trucks and Buses anywhere in the world to any customer; (iii) COTS Trucks and Buses anywhere in the world solely to Defense Customers; and/or (iv) parts and services (including commercial production parts, commercial aftermarket parts, military vehicle production parts, military vehicle aftermarket parts, engineering and field services, technical support, training, design changes (engineering change proposals) or any other support) with respect to the foregoing in this clause (iv) anywhere in the world solely (other than with respect to Defense Parts) to a Defense Customer (collectively, “Defense Products”), in each case, together with any ancillary actions and businesses (in the case of ancillary actions to clause (iii) and (iv), to the extent such ancillary actions and businesses are directed to Defense Customers). “Defense Business” shall include the business of the Company and its Subsidiaries as conducted as of the date of the Recapitalization Agreement or as of Closing, or as conducted in the twelve (12) months prior to the date of the Recapitalization Agreement. For purposes hereof, the term “vehicle” shall include autonomous vehicles, vehicle subsystems, vehicle robotic systems and add on components.