Newark Facility definition

Newark Facility has the meaning set forth in the Background section of this Agreement.
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Newark Facility means those premises at 0-00 X. Xxxxxx Street, Newark, New Jersey, leased by Federal AutoCat and used in the Business.
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Examples of Newark Facility in a sentence

  • Within 90 days after the last day of the Term, Purchaser shall remove, at its expense, and shall be solely responsible for removing, the Newark Assets from the Newark Facility (the “Transfer Date”).

  • If the Newark Assets shall not be removed on or prior to Transfer Date, Purchaser shall reimburse Supplier for all costs and expenses incurred by Supplier on account of maintaining and storing the Newark Assets at the Newark Facility as a result of such non-removal until Purchaser removes the Newark Assets.

  • The Newark Assets shall remain at the Newark Facility and Supplier shall, subject to the terms and conditions set forth in this Article V, lease the Newark Assets from Purchaser for the Term (the “Lease”).

  • Supplier shall maintain adequate insurance with respect to the Newark Assets insuring against such risks customarily insured against in accordance with Supplier’s practice until their removal from the Newark Facility by Purchaser in accordance with Section 5.1 or until 90 days after the Term, whichever is earlier.

  • Supplier shall furnish the facilities and personnel for loading Plastic Components at the Newark Facility.

  • After such notification, Purchaser may, at its option, direct Supplier to resequence utilization of the Newark Assets to satisfy the Release Request; provided, however, that Supplier shall be under no obligation to resequence utilization of the Newark Assets if such resequencing would adversely effect Supplier’s other operations at the Newark Facility.

  • The measurement of OTIF shipments shall conform to historic practices of the Newark Facility.

  • The Company leases the Newark Facility from the Landlord and the Pennsylvania Facility from the Pennsylvania Landlord, and operates the Business at the Facilities.

  • Principal Months After Percentage Effective Date 4% each month Thirteen to Twenty-fourth inclusive 5% Twenty-fifth to Twenty-ninth inclusive 27% Maturity This note shall be secured in part by a first priority security interest in all assets of the Newark Facility and the Boston Facility, exclusive of accounts receivable, and shall have a maximum guarantee of $700,000 from KTI, Inc.

Related to Newark Facility

  • Bank Facility means any credit agreement, including the Existing Credit Agreement, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Borrower as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Public facility means 1 or more of the following:

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • State facility means a center or a hospital operated by the department.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Electric Facility means a Generator or an electric transmission facility.

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Energy facility means an energy plant or transmission

  • Infrastructure facility means a building; structure; or networks of buildings, structures, pipes, controls, and equipment, or portion thereof, that provide transportation, utilities, public education, or public safety services. Included are government office buildings; public schools; courthouses; jails; prisons; water treatment plants, distribution systems, and pumping stations; wastewater treatment plants, collection systems, and pumping stations; solid waste disposal plants, incinerators, landfills, and related facilities; public roads and streets; highways; public parking facilities; public transportation systems, terminals, and rolling stock; rail, air, and water port structures, terminals, and equipment.

  • Existing Facility Agreement means the senior secured credit facility dated 26 October 2000 made between, inter alia, UPC Broadband, UPC Financing and Toronto Dominion (Texas) LLC as facility agent and the banks and financial institutions listed therein, as amended from time to time.

  • Residential facility means a home or facility that is licensed by the department of developmental disabilities under section 5123.19 of the Revised Code and in which a child with a developmental disability resides.