We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Nevada Assets definition

Nevada Assets means (a) Tronox’s interest in Basic Management, Inc., (b) Tronox’s interest in the Landwell Company, LP and (c) that certain 140 acre parcel of land wholly-owned by Tronox and contiguous to the Henderson Facility. For the avoidance of doubt, the Nevada Assets do not include the Henderson Facility, which facility (but not the real property on which it is located) is included in the Retained Assets and which Reorganized Tronox will continue to own and operate after the Effective Date.
Nevada Assets means (a) Tronox’s interest in Basic Management, Inc., (b) Tronox’s interest
Nevada Assets means (a) Tronox’s interest in Basic Management, Inc., (b) Tronox’s interest in the Landwell Company, LP and (c) that certain 140 acre parcel of land wholly-owned by Tronox and contiguous to Tronox’s Henderson, Nevada facility. For the avoidance of doubt, the Nevada Assets do not include the Henderson, Nevada facility, which facility (but not the real property on which it is located) is included in the Retained Assets and which Reorganized Tronox will continue to own and operate after the Effective Date. • The Environmental Insurance Assets.4 In connection with the First Amended Plan, Tronox, the United States and the applicable Government Environmental Entities will enter into the Environmental Claims Settlement Agreement regarding the Environmental Claims. The Environmental Claims Settlement Agreement will govern the operation of the Environmental Response Trusts and the role of the United States and the relevant Government Environmental Entities in approving funding of environmental activities, including response or remedial actions, corrective action, closure, post-closure care and restoration for the duration of the Environmental Response Trusts. Tronox and Reorganized Tronox shall have no responsibility or involvement with respect to the Environmental Response Trusts once they are established and funded in accordance with the First Amended Plan; provided, that, to the extent an orderly and complete transfer of files and information related to sites transferred to the Environmental Response Trusts has not yet been completed, Tronox and Reorganized Tronox, as applicable, agree to use commercially reasonable efforts to complete such transfer. The Environmental Claims Settlement Agreement shall be submitted for public notice and comment as required under federal environmental law and, where applicable, state environmental law of the state in which the applicable property is located. The Environmental Claims Settlement Agreement shall (a) contain covenants not to xxx or assert (or, for certain states, to the extent allowable under applicable state and federal law, releases of) any Environmental Claims against Tronox, Reorganized Tronox and any successors in interest (including any Claims and actions pursuant to sections 106 and 107 of CERCLA), (b) provide that Tronox, Reorganized Tronox and any successors in interest shall have protection from contribution actions or Claims with respect to the Owned Sites and the Other Sites (including pursuant to section...

Examples of Nevada Assets in a sentence

  • Divesture of Nevada Assets THIRD AMENDMENT TO SENIOR SECURED BRIDGE NOTE (this “Amendment”), dated as of February 16, 2024, between IANTHUS NEW JERSEY, LLC, a New Jersey limited liability company (the “Borrower”), iAnthus Capital Holdings, Inc.

  • A part timer, under Maltese Employment Law, is an employee who works less hours of work weekly when compared to a full time or a whole time employee.

  • Subject to applicable Law, from the date hereof to the earlier of the Effective Date or the date on which this Agreement is terminated in accordance with its terms, each of Vista U.S. and the Pescios will provide each other and Newco with reasonable access to their respective properties, books, contracts and records (as such properties, books, contracts and records relate either to the Vista Nevada Assets or the Xxxxxx Nevada Assets).

  • The Pescios will be entitled to all payments whenever made with respect to amounts due and payable to them before the Effective Time in respect of the Xxxxxx Nevada Assets.

  • Geo Point Nevada and the Geo Point Nevada Subsidiaries shall bear the economic and legal risk that any conveyance of Geo Point Nevada Assets contemplated hereby shall be insufficient to convey anything more than all of Geo Point Utah’s right, title and interest to the applicable Geo Point Nevada Assets.

  • The Environmental Response Trusts will be funded on the Effective Date with (a) a portion (which may be all) of the Funded Environmental Amount as set forth in the Environmental Claims Settlement Agreement; (b) the right to 88% of the Proceeds of the Anadarko Litigation; (c) the Environmental Trust Assets; (d) the Nevada Assets; and (e) the Environmental Insurance Assets.

  • Vista U.S. or its subsidiaries together will, as of the Effective Date, hold (legally or beneficially) all material Environmental Permits required in connection with the Vista Nevada Assets, and all such permits shall be transferred to Newco.

  • The Pescios have fully disclosed to Newco and Vista all environmental reports, site assessments, audits, studies, evaluations, tests and records in the possession or control of such parties with respect to the Xxxxxx Nevada Assets and fully disclosed to Newco and Vista all material facts and circumstances known to such parties relating to the environmental condition of the Xxxxxx Nevada Assets.

  • The Pescios will, as of the Effective Date, hold (legally or beneficially) all material Environmental Permits required to be held by them, if any, in connection with the Xxxxxx Nevada Assets, and any such permits shall be transferred to Newco.

  • Each of the Pescios hereby represents that: (i) he or she has been furnished by Vista during the course of this transaction with all information regarding the Vista Nevada Assets and Newco which it had requested; (ii) all documents that have been reasonably requested by the Pescios have been made available for their or their counsel’s inspection and review; and (iii) any other information reasonably requested by the Pescios or their counsel has been provided.


More Definitions of Nevada Assets

Nevada Assets means (a) Tronox’s interest in Basic Management, Inc., (b) Tronox’s interest in the Landwell Company, LP and (c) the Nevada Property. For the avoidance of doubt, the Nevada Assets do not include the Henderson Business, which is included in the Retained Assets and which Reorganized Tronox will continue to own and operate after the Effective Date.
Nevada Assets means (a) the Debtors’ interest in Basic Management, Inc., (b) the Debtors’ interest in the Landwell Company, LP and (c) that certain 140 acre parcel of land wholly-owned by the Debtors and contiguous to the Debtors’ Henderson, Nevada facility. For the avoidance of doubt, the Nevada Assets do not include the Xxxxxxxxx, Nevada facility, which facility (but not the real property on which it is located) is included in the Retained Assets and which the Tronox Parties will continue to own and operate after the Effective Date.

Related to Nevada Assets