ITT Industries Business definition

ITT Industries Business means the principal businesses and operations conducted by ITT Industries and its Subsidiaries on the Distribution Date, such businesses being the design, manufacture, sale, and servicing of the automotive products, defense products, electronic component products, fluid handling products and management services for military and space satellite launch facilities as specifically described in Exhibit A3 annexed hereto and, in addition, shall also mean the Closely Related Businesses described in Exhibit A3, provided that ITT Industries Business does not include the ITT Destinations Business or the ITT Hartford Business.
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ITT Industries Business means the businesses of (i) those business entities listed on Schedule 1.01(a) hereto, (ii) any other division, Subsidiary or investment of ITT managed or operated as of the date of this Agreement or any prior time by any such business entity unless such other division, Subsidiary or investment is listed on Schedule 1.01(b), Schedule 1.01(c) or Schedule 1.01(d) hereto and (iii) business entities acquired or established by or for ITT Industries or any of its Subsidiaries after the date of this Agreement.
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Examples of ITT Industries Business in a sentence

  • Neither ITT Hartford, nor any of the ITT Hartford Sublicensees shall use the ITT Name or ITT Marks for any product or service, or with or for any entity, in the ITT Destinations Business or the ITT Industries Business.

  • The principal basis for withholding such approval would be if the proposed company and/or trade name used in conjunction with the ITT Name would (i) be objectionable from a legal standpoint, or (ii) likely to create confusion, for example, if the proposed name is descriptive of a field of business of the ITT Destinations Business or the ITT Industries Business or too close to a name used by a business of ITT Industries or ITT Destinations.

  • During such five (5) year period, Licensor and its Subsidiaries shall have the right to revive its use and 7 8 license the use of the ITT Name and/or the ITT Marks on a paid-up, royalty-free, exclusive, worldwide basis (exclusive of the ITT Industries Design Mark) xx an exclusive basis for the ITT Destinations Business, and a nonexclusive basis for any businesses not included in the ITT Industries Business or the ITT Hartford Business.

  • The determination of whether or not legal action shall be taken in any case shall lie exclusively with and at the sole discretion of Licensor except that if such adverse use is in the same field of activity as the ITT Industries Business, ITT Enterprises may, by such notice, require that Licensor institute and reasonably pursue legal action.

  • For purposes of this Section 2.06, expansion of license rights shall mean a right to use the ITT Name and/or the ITT Marks: (i) within the scope of the ITT Industries Business and/or ITT Industries Expanded Business by an ITT Enterprises Sublicensee after it ceases to be a Subsidiary of ITT Industries; or (ii) outside or within the scope of the ITT Industries Business or ITT Industries Expanded Business by ITT Enterprises or the ITT Enterprises Sublicensees if a Change of Control of ITT Industries occurs.

  • However, in no event shall such license be interpreted to extent to include any of the fields of the 1995 ITT Industries Business or the 1995 ITT Hartford Business.

  • In the event ITT Enterprises and/or ITT Enterprises Sublicensees shall abandon their use of the ITT Name or one or more of the ITT Marks for all or a portion of the ITT Industries Business, then the scope of the exclusive rights granted in Sections 2.01, 2.02 and 2.05 with respect to such abandoned ITT Name or ITT Marks shall be reduced by an amount equal to the scope of the ITT Industries Business so abandoned.

  • If granted, the new field of activity shall be deemed to be within ITT Destinations Business or ITT Industries Business, as appropriate, and further subject to Sections 2.11 and 3.09 of this License Agreement.

  • In the event that Licensor is not so required, but decides to institute legal action and such confusingly similar or otherwise damaging use is primarily or exclusively within the field of activity of the ITT Industries Business, the costs of any such legal action shall be shared equally by ITT Enterprises and by Licensor.

  • Nothing in this Article III shall be construed to restrict the right of ITT World Directories to use or license (subject to Section 3.02) any retained Intellectual Property in any field of business, except in the fields of the 1995 ITT Hartford Business, the 1995 ITT Industries Business, and the 1995 ITT Destinations Business (exclusive of the Retained Business).

Related to ITT Industries 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.

  • 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 —

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

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

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

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services. (C) The term "Managerial Responsibilities" for purposes of this Unit Agreement shall mean managerial and supervisory responsibilities and duties that are substantially the same as that Grantee is performing for SunTrust or a SunTrust Affiliate on the date of this Unit Agreement. (D) The term "SunTrust Affiliate" for purposes of this Unit Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of §424(f) of the Code) of SunTrust except a corporation which has subsidiary corporation status under §424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate, conservatorship, guardianship or agency. (E) The term "Territory" for purposes of this Unit Agreement shall mean the states of Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, which are the states and Territories in which SunTrust has significant operations on the date of this Unit Agreement. (F) "Trade Secret" for purposes of Unit Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from it is disclosure or use, and (ii) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.

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

  • Business Systems means all Software, computer hardware (whether general or special purpose), electronic data processing, information, record keeping, communications, telecommunications, networks, interfaces, platforms, servers, peripherals, and computer systems, including any outsourced systems and processes, that are owned or used or held for use in the conduct of the Company 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;

  • 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;

  • 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.

  • Retained Businesses means all businesses now, previously or hereafter conducted by Parent, the Sellers or any of their Subsidiaries or Affiliates, other than the Business.

  • Micro Business means a company which either:

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Excluded Business has the meaning set forth in Section ‎9.1.1.

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • Veteran-owned business means a business that is at least 51% owned by a veteran or veterans who are U.S. citizens and who control and operate the business

  • Core Business means any material line of business conducted by the Borrower and its Subsidiaries as of the Closing Date and any business reasonably related or incidental thereto.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

  • 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.

  • 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.

  • Acquired Business means the entity or assets acquired by Borrower in an Acquisition, whether before or after the date of this Agreement.

  • 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;

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.