Grace Business definition

Grace Business has the meaning set forth in the Separation and Distribution Agreement.
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Grace Business means activities associated directly or indirectly with the business (including such activities as engineering, technical and support services, research and development, manufacture (including tolling), purchase, sale, marketing, distribution, use, lease, or licensing, associated with any property, product, process, service, or equipment) relating to the Grace Technologies Field as conducted by Grace and its Affiliates prior to the Effective Date.
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Grace Business means the development, manufacture and sale of (a) fluid catalytic cracking catalysts and additives, hydroprocessing catalysts, polyolefin catalysts (including polypropylene process technology) and catalyst supports, other chemical catalysts, and related products and services and (b) silica-based and silica-alumina-based materials, including but not limited to silica gels, precipitated silicas, and colloidal silicas, used in coatings, print media, consumer, industrial, and pharmaceutical, life science and related applications, and related products and services conducted at any time prior to the Effective Time by either Party or any member of its Group .
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Examples of Grace Business in a sentence

  • Unless otherwise specifically provided in this Agreement or the Distribution Agreement, the New Grace Group shall pay all Taxes and shall be entitled to receive and retain all refunds of Taxes with respect to periods beginning after the Distribution Date which are attributable to the New Grace Business.

  • The Parties shall use the procedures set forth in Article VII to resolve any disputes as to whether any information relates (A) solely to the Grace Business, the Grace Sold and Discontinued Businesses or the Legacy Sold and Discontinued Businesses that constitute Grace Assets, (B) solely to the GCP Business, the GCP Sold and Discontinued Businesses or the Legacy Sold and Discontinued Businesses that constitute GCP Assets or (C) to both.

  • Assets, the New Grace Business, or the Liabilities of the New Grace Group, including, in each case, all active agreements, active litigation files and government filings.

  • Following such expiration, each Party will be deemed to have a paid-up, irrevocable, fully transferrable non-exclusive license to use the Background Information of the other Party solely within its respective GCP Business or Grace Business.

  • Neither GCP nor its sub-licensee shall extend the sub-license to (i) a customer or an Affiliate with respect to conducting activities outside the GCP Business or with respect to conducting activities competing with Grace in the Grace Business.

  • GCP may extend this license to an Affiliate (provided that such Affiliate(s) do not conduct business within the Grace Business) to the extent necessary for the Affiliate to conduct the GCP Business (but any such extension shall terminate in the event such person ceases to be an Affiliate of GCP).

  • In connection with the foregoing, Grace shall prepare audited annual and unaudited interim financial statements prepared in accordance with US GAAP and in compliance with Regulation S-K under the Securities Act for the Packaging Business (including Grace after giving effect to the Distribution) and for the New Grace Business, and such financial statements shall be included in the Registration Statements and the Joint Proxy Statement as may be appropriate.

  • Such separation shall be effected in a manner that does not unreasonably disrupt either the Packaging Business or the New Grace Business and minimizes, to the extent practicable, current and future costs (and losses of tax or other economic benefits) of the respective Businesses.

  • Neither Grace nor its sub-licensee shall extend the sub-license to a customer or an Affiliate with respect to conducting activities outside the Grace Business or with respect to conducting activities competing with GCP in the GCP Business.

  • For avoidance of doubt, any sub-license granted by Grace hereunder is limited to sub-licensee’s activities within the Grace Business.

Related to Grace 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

  • 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.

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

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

  • 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.

  • 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;

  • 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 –

  • 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.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

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

  • 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;

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

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.

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

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • 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).

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

  • Active business operations means all business operations that are not inactive business operations.

  • Licensed Business means the activities connected with the conveyance of

  • 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;

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Micro Business means a company which either:

  • Qualified business facility means any building, complex of

  • Related Business means any business in which the Company or any of the Restricted Subsidiaries was engaged on the Issue Date and any business related, ancillary or complementary to such business.

  • 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.