Nonwovens Business definition

Nonwovens Business means the nonwovens fabrics businesses heretofore or currently engaged in by DTA, Dominion or its Subsidiaries (or their predecessors) as reported in the nonwovens fabrics segment (or its predecessor segment) in Dominion's most recent financial statements (but excluding any former or discontinued operations), including as conducted through:
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Nonwovens Business shall have the meaning set forth in the Separation Agreement.
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Nonwovens Business means the nonwoven textile group businesses of Dominion Textile conducted primarily through the Dominion Industrial Fabrics Company division ("DIFCO") of Dominion Textile, two indirect, wholly-owned subsidiaries of Dominion Textile (being Poly-Bond Inc., a Delaware corporation, and Nordlys S.A., a company organized under the laws of the Republic of France) and the Dominion Nonwoven (South America) Argentinean joint venture.
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Examples of Nonwovens Business in a sentence

  • Promptly following the execution of this Agreement, PGI and GL shall enter into good faith negotiations to enter into an agreement or agreements to provide for the separate operation of the Apparel Fabric Business and the Nonwovens Business by GL and PGI, respectively, following the Target Acquisition.

  • For the avoidance of doubt, any references in the Acquisition Agreement to any proportional split of Assets or Liabilities that was to be made 60% to the Apparel Fabrics Business and 40% to the Nonwovens Business is hereby agreed to be 57.4% to the Apparel Fabrics Business and 42.6% to the Nonwovens Business as a result of the DIFCO Adjustment.

  • The exact structure of the transaction pursuant to which GL will acquire the Apparel Fabric Business and PGI will acquire the Nonwovens Business will be determined by the Parties in good faith to accomplish the objectives contained in this Agreement and minimize overall tax liabilities.

  • The purchase price allocation percentage of 60.0% for the Apparel Fabric Business and 40.0% for the Nonwovens Business contained in clauses (a) and (c) of this Section 3 shall be subject to possible further adjustment in accordance with Annex A attached hereto related to the earnings before interest, depreciation and amortization of DIFCO.

  • The terms of the agreements relating to the purchase of the Apparel Fabric Business and Nonwovens Business, as applicable, shall contain customary terms and conditions for acquisitions of public companies.

  • PGI and its Subsidiaries have cash available, and/or have obtained binding commitments from one or more financial institutions, in amounts sufficient to pay on the Closing Date the purchase price for the Nonwovens Business as provided in Article 2.

  • The Nonwovens Business operating committee (the "Nonwovens Committee", and together with the Apparel Committee the "Operating Committees") shall manage the day-to-day affairs of the Nonwovens Business (the Nonwovens Business and the Apparel Fabric Business are each referred to sometimes herein as a "Business" and, collectively, as the "Businesses").

  • Following the consummation of the Target Acquisition, the Parties shall determine the actual earnings before interest, depreciation and amortization for the one-year period ending June 30, 1997 ("EBITDA") for DIFCO ("DIFCO EBITDA"), and for the Apparel Fabric Business and the Nonwovens Business ("Total EBITDA").

  • Except as set forth in Schedule 3.19, the Seller has not granted any waiver of any statute of limitations with respect to, or any extension of a period for the assessment of, any Tax in respect of the Nonwovens Business.

  • Except as and to the extent shown in Schedule 3.19, the Seller has or will have timely filed all returns of income Taxes and all material returns of other Taxes required to be filed by it with respect to the Nonwovens Business and the Nonwovens Assets on or prior to the Effective Time, and has timely and fully paid or provided for all Taxes shown to be due on such returns, except such as are being contested in good faith by appropriate proceedings.


More Definitions of Nonwovens Business

Nonwovens Business means the unincorporated division of the Seller and the Nonwovens Subsidiaries comprising the nonwovens materials business (including its cogeneration facility) which focuses on the proprietary formulation, manufacture and marketing of long-fiber, wet-formed, and hydroentangled products, primarily for use in the food packaging, medical, and hygiene markets.
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Nonwovens Business means the nonwoven textile group businesses of Target, conducted primarily through the Dominion Industrial Fabrics Company division of Target, two direct, wholly-owned subsidiaries of Target (being Poly-Bond Inc., a Delaware corporation and Nordlys S.A., a company organized under the laws of the Republic of France) and the Dominion Nonwoven (South America) Argentinean joint venture.
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Nonwovens Business shall have the meaning assigned to such term in ------------------ the Master Separation Agreement.
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Related to Nonwovens 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.

  • Retained Businesses means all businesses, operations and activities directly or indirectly conducted or formerly conducted by the Seller Group other than the Business (including all businesses, operations and activities related to any dealerships sold or disposed of prior to the date hereof).

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

  • 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;

  • Excluded Businesses has the meaning set forth in Schedule 1.

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

  • 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.

  • Micro Business means a company which either:

  • 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;

  • Licensed Business means the activities connected with the conveyance of

  • 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.

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

  • Businesses means, at any time, a collective reference to the businesses operated by the Borrower and its Subsidiaries at such time.

  • Oil and Gas Business means the business of exploiting, exploring for, developing, acquiring, operating, producing, processing, gathering, marketing, storing, selling, hedging, treating, swapping, refining and transporting hydrocarbons and other related energy businesses.

  • 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.

  • 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.

  • 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;

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

  • Subject Business means the policy or policies that are

  • Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Telecommunications Business means the business of (i) transmitting, or providing services relating to the transmission of, voice, video or data through owned or leased transmission facilities, (ii) creating, developing or marketing communications related network equipment, software and other devices for use in a Telecommunications Business or (iii) evaluating, participating or pursuing any other activity or opportunity that is primarily related to those identified in (i) or (ii) above; provided that the determination of what constitutes a Telecommunications Business shall be made in good faith by the Board of Directors of the Guarantor.

  • 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 –

  • the two businesses means the FNZ business and the GBST business;

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

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