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.

  • 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).

  • 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.

  • 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.

  • 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.

  • Except as otherwise provided in Schedule 2.1(d), with respect to intellectual property rights that are used or held for use in both the Packaging Business and the New Grace Business, title to such rights shall be owned by the New Grace Group and the Packco Group shall have an exclusive, worldwide, fully paid, perpetual, royalty- free license to use the intellectual property rights for the field of use described in the next sentence hereof.

  • Except as otherwise provided in Schedule 2.01(d), with respect to intellectual property rights that are used or held for use in both the Packaging Business and the New Grace Business, title to such rights shall be owned by the New Grace Group and the Packco Group shall have an exclusive, worldwide, fully paid, perpetual, royalty-free license to use the intellectual property rights for the field of use described in the next sentence hereof.

  • 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, cur- rent and future costs (and losses of tax or other economic ben- efits) of the respective Businesses.

  • Except as otherwise provided in Schedule 2.01(d), with respect to in- tellectual property rights that are used or held for use in both the Packaging Business and the New Grace Business, title to such rights shall be owned by the New Grace Group and the Packco Group shall have an exclusive, worldwide, fully paid, perpetual, royalty-free license to use the intellectual prop- erty rights for the field of use described in the next sentence hereof.

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 the subject of the Insurance Business Transfer Plan.

  • Excluded Business has the meaning set forth in Section 6.10.

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

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

  • 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.

  • 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 now, previously or hereafter conducted by Sellers or any of their Affiliates, other than the Businesses, and “Retained Business” specifically includes the Specified Retained Businesses.

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

  • 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 an eligible business that:

  • Micro Business means a company which either:

  • Related Business means any business that is related, ancillary or complementary to the businesses of the Company and the Restricted Subsidiaries on the Issue Date.

  • 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.