Oxy CH definition
Examples of Oxy CH in a sentence
For purposes of this Section 3 only, the term "Parent" means and includes OPC, Oxy CH, OCC, Lyondell and Millennium.
Upon such execution, OCHC shall become the "Occidental Parent" for purposes of Section 1, and Oxy CH and OCC shall thereupon be released from all obligations under Section 1.
Any such policy of insurance obtained to comply with this paragraph shall provide that Town shall receive thirty (30) days written notice prior to the policy’s cancellation, non-renewal or modification to any provisions of such policy affecting the insurance coverage requirements under the Agreement.
Lyondell, OCHC, OCC and Oxy CH entered into an Occidental Partner Sub Purchase Agreement dated July 8, 2002 (the "Oxy Partner Sub Purchase Agreement"), providing for, among other things, the purchase by Lyondell (i) from OCC of all of the outstanding common stock of Occidental LP1 and (ii) from Oxy CH of all of the outstanding common stock of Occidental GP and Occidental LP2.
Except for the agreement regarding the OCC Indemnity set forth in Section 6.8, effective upon Closing, Occidental, OCHC, OCC and Oxy CH hereby unconditionally and irrevocably release and forever discharge, to the full extent permitted by applicable law, on behalf of themselves and each of their Affiliates, Oxy LP1, Oxy LP2 and Oxy GP and their successors and assigns, from any and all rights of setoff or contribution for any liability of Occidental, OCHC, OCC or Oxy CH.
Such aggregate purchase price shall be allocated between OCC and Oxy CH as set forth on Schedule 2.2.
The aggregate purchase price payable to OCC and Oxy CH by the Purchaser for the Partner Sub Stock shall be $440,010,000.
Lyondell Petrochemical Company, with respect to Lyondell GP and Lyondell LP; Millennium Chemicals Inc., with respect to Millennium GP and Millennium LP; Occidental Chemical Corporation and Oxy CH Corporation, with respect to Occidental GP, Occidental LP1 and Occidental LP2; and any successor or additional guarantor party to an agreement substantially in the form of the Amended and Restated Parent Agreement and entered into in accordance with Section 10.
Oxy Petrochemicals is a direct wholly owned subsidiary of Oxy CH Sub, Oxy CH Sub is a direct wholly owned subsidiary of Oxy CH Corporation, a California corporation ("Oxy CH") and Oxy CH is a wholly owned indirect subsidiary of Occidental Petroleum Corporation, a Delaware corporation ("Occidental").
The aggregate of all of the common stock, par value $300.00, of Oxy Petrochemicals (the "Oxy Petrochemicals Common Stock") shall be converted into the right to receive (i) Oxy CH Sub's limited partnership interest in the Partnership as set forth in the Amended and Restated Agreement of Limited Partnership of the Partnership and (ii) a promissory note of the Partnership in the form of Exhibit K.