Examples of Oxy CH Sub in a sentence
It is expressly understood that, immediately prior to the Effective Time, any and all obligations and liabilities of Oxy Petrochemicals included in the Excluded Liabilities pursuant to Section 2.6 shall be assumed by Oxy CH Sub pursuant to an assumption agreement in the form attached as Exhibit J ("Oxy CH Sub Assumption Agreement").
Except to the extent heretofore obtained, no other corporate action or action by stockholders is necessary for the authorization, execution, delivery and performance by a Contributor and Oxy CH Sub of this Agreement and the other Related Agreements and the consummation by any such Person of the transactions contemplated hereby or thereby.
Oxy CH Sub is the beneficial owner of all of the issued and outstanding shares of Oxy Petrochemicals Common Stock, in each case, free and clear of any Encumbrances or limitations on the voting or transfer thereof.
For a period of ten years after the date of this Agreement, the Partnership will not dispose of, alter or destroy any such books, records and other data without giving 90 days' prior notice to such Asset Contributor or Oxy CH Sub to permit it, at its expense, to examine, duplicate or repossess such records, files, documents and correspondence.
Each Asset Contributor and Oxy CH Sub shall promptly deliver to the Partnership any mail or other communication received by it on and after the Closing Date pertaining to the Contributed Business or the Assets and any cash, checks or other instruments of payment to which the Partnership is entitled.
Each Contributor and Oxy CH Sub has all requisite power and authority to enter into this Agreement and the Assignment and Assumption Agreements and to perform its obligations hereunder and thereunder.
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").
Each Contributor and Oxy CH Sub shall be responsible for any liability of the Partnership pursuant to Texas Tax Code Section 111.020 (including interest, penalties and attorneys' fees in connection therewith) with respect to any amounts owed or owing by such Person under Title 2, Texas Tax Code.
This Agreement and the other Related Agreements have been duly executed and delivered by each Contributor and Oxy CH Sub and constitute legal, valid and binding obligations of such Person, enforceable in accordance with their terms, except as the same may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws relating to or affecting creditors' rights generally and by general equity principles.
Each Asset Contributor or Oxy CH Sub authorizes and empowers the Partnership on and after the Closing Date to receive and open all mail received by the Partnership relating to the Contributed Business or the Assets and to deal with the contents of such communications in any proper manner.