Examples of Industrial Subsidiary in a sentence
Each of Tenneco and Acquiror shall use its reasonable best efforts so that, immediately prior to the Spinoffs, the Debt Realignment has been effected (with only such modifications as are not adverse, except to a de minimis extent, to Acquiror, the Energy Business, the Industrial Subsidiary or the Shipbuilding Subsidiary).
From and after the Effective Time, the Industrial Subsidiary shall be solely responsible for all aspects of service and administration of such policies (other than the payment of any premiums due), including the notification to insurers, and the management, negotiation and settlement, of any claims made under the D&O Policies and any Replacement D&O Policy.
The Distribution Agreement, in substantially the form attached hereto with such changes as do not adversely affect, other than to a de minimis extent, the Energy Business, shall have been duly executed and delivered by each of Tenneco, the Industrial Subsidiary and the Shipbuilding Subsidiary, and the transactions contemplated thereby, including the Spinoffs (and/or any S/I Transaction) and the Debt Realignment, shall have been consummated (with only such changes).
The Industrial Subsidiary, the Shipbuilding Subsidiary and their respective direct and indirect subsidiaries and Affiliates shall be deemed third party beneficiaries of this SECTION 2.6(G) and all other provisions of this Agreement necessary or appropriate for purposes of enforcing this SECTION 2.6(G).
The parties hereto agree that the D&O Policies and any Replacement D&O Policy shall be owned by the Industrial Subsidiary.
After the Effective Time, the provisions of this Agreement may be amended only by a written agreement executed and delivered by Acquiror, the Surviving Corporation and the Industrial Subsidiary.
This SECTION 10.4 (and all other provisions of this Agreement necessary or appropriate for purposes of enforcing this SECTION 10.4) shall be enforceable by the Industrial Subsidiary, which is hereby deemed a third party beneficiary hereof.
Industrial Subsidiary and Shipbuilding Subsidiary shall provide, or cause to be provided, to the Agent sufficient certificates representing Industrial Common Stock and Shipbuilding Common Stock, respectively, in such denominations as the Agent may request in order to effect the Distributions.
Any deferred gain created as a result of the transfer of any assets to Industrial Subsidiary as contemplated by the Corporate Transaction Steps as defined in the Distribution Agreement.