FMC Lithium Assets definition

FMC Lithium Assets means certain assets, liabilities and operations of FMC Corporation and certain of its subsidiaries that are used for the manufacturing of lithium for use in lithium products, which are used primarily in energy storage, specialty polymers and chemical synthesis, (iii) “Lithium Spinco Contribution” shall mean the direct or indirect transfer (in one or more transactions) by FMC Corporation of (a) 100% of the equity interest it holds in Lithium Opco, (b) the equity interest it holds in FMC Chemicals Limited (UK), (c) the equity interest it holds in FMC Switzerland IV GmbH, and (d) the equity interest it holds in Lithium Singapore Private Limited, in each case, to Livent Corporation (“Livent”) in exchange for certain equity interest in Livent and cash, if any, (iv) “Lithium IPO” shall mean the initial underwritten public offering of common equity interests in Livent pursuant to an effective registration statement filed with the United States Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended from time to time and (v) “Livent Revolving Credit Facility” shall mean (a) the $400,000,000 senior secured revolving credit facility, dated as of the date hereof (as amended, restated, amended and restated, supplemented or otherwise modified from time to time), among Livent, certain of Livent’s subsidiaries from time to time party thereto, Citibank, N.A., as administrative agent, each lender from time to time party thereto and the other parties party thereto, (b) all liens, pledges, guarantees and other obligations provided or incurred in connection therewith and (c) any borrowing or other extensions of credit thereunder, including letters of credit. (b) Article VI of the Term Loan Agreement is hereby amended to add the following new Section 6.05: “SECTION 6.05.
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FMC Lithium Assets means the assets and operations of FMC and certain of its Subsidiaries that are described as the “Lithium Assets” in the relevant Separation Agreements. “FMC Lithium Liabilities” shall mean the liabilities of FMC and certain of its Subsidiaries that are described as the “Lithium Liabilities” in the relevant Separation Agreements. “FMC Lithium Assets Contribution” has the meaning specified in the recitals to this Agreement. “Foreign Currency Equivalent” means, with respect to any amount in Dollars, the amount of an Alternate Currency that could be purchased with such amount of Dollars using the 20 -
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FMC Lithium Assets means the assets and operations of FMC and certain of its Subsidiaries that are described as the “Lithium Assets” in the relevant Separation Agreements.
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Examples of FMC Lithium Assets in a sentence

  • Effective as of the Amendment Effective Date (as defined below): (a) Section 1.01 of the Term Loan Agreement is hereby amended to add the following new defined term in its correct alphabetical order: “Permitted Separation Transactions” means the FMC Lithium Assets Contribution, the Lithium Spinco Contribution, the Lithium IPO and the Livent Revolving Credit Facility and any ancillary or related transactions contemplated thereby.

  • Effective as of the Amendment Effective Date (as defined below): (a) Section 1.01 of the Credit Agreement is hereby amended to add the following new defined term in its correct alphabetical order: “Permitted Separation Transactions” means the FMC Lithium Assets Contribution, the Lithium Spinco Contribution, the Lithium IPO and the Livent Revolving Credit Facility and any ancillary or related transactions contemplated thereby.

Related to FMC Lithium Assets

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Program Assets means any assets, goods or property (real, tangible or intangible) purchased or financed in whole or in part (directly or indirectly) by MCC Funding.

  • CONSTRUCTION EQUIPMENT means all appliances and equipment of whatsoever nature for the use in or for the execution, completion operation or maintenance of the work unless intended to form part of permanent work.

  • Transportation equipment means 1 or more of the following:

  • Production Facilities (7 9) means "production equipment" and specially designed software therefor integrated into installations for "development" or for one or more phases of "production".

  • Production equipment (1 7 9) means tooling, templates, jigs, mandrels, moulds, dies, fixtures, alignment mechanisms, test equipment, other machinery and components therefor, limited to those specially designed or modified for "development" or for one or more phases of "production".

  • Cannabis plant means any plant of the genus Cannabis;

  • New equipment means equipment for which, by the cut-off date, neither of the following events has occurred:

  • CO2 means carbon dioxide.

  • Company Equipment means all equipment supplied by the Company to the Contractor, to use in the performance of the Work and which is specified in the Contract as “Company Equipment”.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • Repair means to restore to proper operating condition a tank, pipe, spill prevention equipment, overfill prevention equipment, corrosion protection equipment, release detection equipment or other UST system component that has caused a release of product from the UST system or has failed to function properly.

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • Production facility means a facility in California at which gasoline or CARBOB is produced. Upon request of a producer, the executive officer may designate, as part of the producer's production facility, a physically separate bulk storage facility which (A) is owned or leased by the producer, and (B) is operated by or at the direction of the producer, and (C) is not used to store or distribute gasoline or CARBOB that is not supplied from the production facility.

  • Interconnection equipment means a group of components or an integrated system owned and operated by the interconnection customer that connects an electric generator with a local electric power system, as that term is defined in Section 3.1.6.2 of IEEE Standard 1547, or with the electric distribution system. Interconnection equipment is all interface equipment including switchgear, protective devices, inverters or other interface devices. Interconnection equipment may be installed as part of an integrated equipment package that includes a generator or other electric source.