IMTT definition
Examples of IMTT in a sentence
IMTT was previously providing management services to this terminal and no operational changes are expected.
Prior to the acquisition, IMTT consolidated the results of the Quebec terminal in its financial statements and adjusted for the portion that it did not own through noncontrolling interests.
IMTT acquired the remaining 33.3% interest in its Quebec terminal that it did not previously own.
Management believes that resolution of these matters will not result in any material adverse effect on the financial statements.Many of the entities comprising IMTT Combined are subject to compliance with federal and state environmental regulations, some of which require environmental remediation and ongoing monitoring activities.
Since the IMTT Acquisition in July 2014 and prior to the acquisition of the noncontrolling interest, MIC reported IMTT’s EBITDA excluding non-cash items and Free Cash Flow including the 33.3% portion of the Quebec terminal.
Combination/consolidationThe accompanying consolidated financial statements consist of the accounts of IHI, which have been consolidated with those of ITT and Affiliates as well as those of IMTT Combined after eliminating all intercompany account balances and transactions (“IHI Consolidated”).
If additional studies find that HFO emissions exceed previous calculations, the U.S. EPA could mandate controls on a nationwide basis, which is estimated to cost IMTT Combined as much as $75,000,000 to $100,000,000 in capital expenditures over some future period.
IMTT Combined’s contributions to both plans are based on the recommendations of its consulting actuary.IMTT HOLDINGS INC.
Except for a plan covering certain employees covered by a collective-bargaining agreement at the Lemont and Joliet, Illinois terminals, substantially all employees of IMTT Combined are eligible to participate in a defined benefit pension plan (the “Plan”).
For purposes of this Agreement, (a) “business day” means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities Act, provided that “subsidiary” with respect to the Company shall include IMTT and its consolidated subsidiaries.