Electronics Assets definition

Electronics Assets means:
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Electronics Assets has the meaning set forth in the Separation and Distribution Agreement.
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Electronics Assets means: (i) the ownership interests in those Business Entities that are included in the definition of Electronics Group including those Business Entities set forth on Schedule 1.1(64) in the definition of Electronics Group; (ii) all Electronics Contracts, any rights or claims arising thereunder, and any other rights or claims or contingent rights or claims primarily relating to or arising from any Electronics Asset or the Electronics Business; (iii) any and all Assets reflected on the Electronics Balance Sheet or the accounting records supporting such balance sheet and any Assets acquired by or for Electronics or any member of the Electronics Group subsequent to the date of such balance sheet which, had they been so acquired on or before such date and owned as of such date, would have been reflected on such balance sheet if prepared on a consistent basis, subject to any dispositions of any of such Assets subsequent to the date of such balance sheet; (iv) subject to Article XI, any rights of any member of the Electronics Group under any Policies, including any rights thereunder arising after the Electronics Distribution Date in respect of any Policies that are occurrence policies; (v) any and all Assets owned or held immediately prior to the Relevant Time by Tyco or any of its Subsidiaries (including, prior to their applicable Distribution Date, Healthcare or any of its respective Subsidiaries) primarily relating to or used in the Electronics Business. The intention of this clause (v) is only to rectify any inadvertent omission of Transfer of any Asset that, had the Parties given specific consideration to such Asset as of the date hereof, would have otherwise been classified as an Electronics Asset. No Asset shall be deemed an Electronics Asset solely as a result of this clause (v) unless a claim with respect thereto is made by Electronics within the applicable time period(s) established by Section 2.6(d); (vi) the Assets set forth on Schedule 1.1(49)(vi) and any and all Assets that are expressly contemplated by this Agreement or any Ancillary Agreement as Assets which have been or are to be Transferred to Electronics or any other member of the Electronics Group; (vii) any and all furnishings and office equipment located at a physical site of which the ownership or leasehold interest is being Transferred to Electronics; provided, that personal computers shall be Transferred to the Party who, following the Relevant Time, employs the applicable employee who, p...
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Examples of Electronics Assets in a sentence

  • From the date of this Agreement until the Distribution, except as otherwise provided in this Section 2.11, ▇▇▇▇▇▇▇ International will be entitled to use, retain or otherwise dispose of all cash generated by the ▇▇▇▇▇▇▇ Electronics Business and the ▇▇▇▇▇▇▇ Electronics Assets in accordance with the ordinary course operation of ▇▇▇▇▇▇▇ International’s cash management systems.

  • By this Agreement and except as otherwise provided in the Contribution Documents (including certain corporate assets), API does not intend to transfer, assign, and convey to APW and have APW assume, as the case may be, the assets and liabilities of API business, products, assets other than the Electronics Business, Electronics Business Products or Electronics Assets.

  • The parties acknowledge and agree ------------------------------- that certain assets and obligations, liabilities, and expenses relating to, arising out of or associated with the Electronics Business, the Electronics Business Products and the Electronics Assets as of the Effective Date are the subject of separate agreements between the parties.

  • The parties agree that by this Agreement, API and APW, except as specifically provided in the Contribution Documents, seek to transfer, assign, and convey to APW, and/or have APW assume, as the case may be, the assets and liabilities of the Electronics Business, Electronics Business Products and the Electronics Assets.


More Definitions of Electronics Assets

Electronics Assets and “Electronics Liabilities” shall have the meaning assigned to each of them as set forth in the Separation and Distribution Agreement.
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