Oxy Petrochemicals definition

Oxy Petrochemicals shall have the meaning set forth in Section 1.5(d).
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Oxy Petrochemicals shall have the meaning set forth in the third WHEREAS clause of this Agreement.
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Oxy Petrochemicals is defined in the first paragraph of this Agreement.
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Examples of Oxy Petrochemicals in a sentence

  • In the case of Occidental LP1, Occidental LP2 and Occidental GP, the Contribution Agreement shall mean the Agreement and Plan of Merger and Asset Contribution dated as of the date of this Agreement between the Partnership, Oxy Petrochemicals, Occidental LP1, Occidental LP2 and Occidental GP.

  • Certain of the Oxy Partners and the Partnership were among the parties to that certain Agreement and Plan of Merger and Asset Contribution, dated as of May 15, 1998, (the "Asset Contribution Agreement"), together with Oxy Petrochemicals Inc., a Delaware corporation ("OPI"), also an affiliate of Occidental Petroleum Corporation ("Occidental").

  • All shares of the capital stock of Oxy Petrochemicals which will be outstanding as of the Effective Time will be duly authorized, validly issued, fully paid and non-assessable, and will not be subject to or have been issued in violation of any preemptive rights.

  • Consequently, the Partnership shall reimburse such Contributor (or, in the case of Oxy Petrochemicals, Oxy CH Sub) for the Prepaid Expenses associated with its Contributed Business (other than the prepaid expenses for "turnaround" costs) within 10 days following the receipt of the Closing Date Balance Sheet.

  • As of the Effective Time, Oxy Petrochemicals will have no debts, liabilities or obligations whether accrued, absolute, contingent or otherwise and whether due or to become due, other than (a) the Assumed Liabilities and (b) the Excluded Liabilities assumed by Oxy CH Sub pursuant to Section 1.8.

  • 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.

  • Notwithstanding that pursuant to Section 1.2, title to the Assets of Oxy Petrochemicals shall be deemed transferred from Oxy Petrochemicals to the Partnership as of the Effective Time, as between the parties hereto, the benefits and burdens associated with ownership of such Assets shall be deemed to have been transferred effective as of the Asset Transfer Effective Time.

  • All shares of capital stock of Oxy Petrochemicals that are owned directly or indirectly by Oxy Petrochemicals shall be canceled and no stock or other consideration shall be delivered in exchange therefor.

  • Each Participant who is a "Partnership Employee" as defined in Section 2.8(a) of the Agreement and Plan of Merger and Asset Contribution among Occidental Petrochem Partner 1, Inc., Occidental Petrochem Partner 2, Inc., Oxy Petrochemicals Inc., PDG Chemical Inc.

  • It is understood that after the date hereof, the Parties will consider whether it is more efficient (and consistent with their respective business objectives) to structure some or all of the asset transfers contemplated by the Occidental Asset Contribution Agreement as statutory mergers or as a transfer of the stock of Oxy Petrochemicals (immediately after the manufacturing facilities owned thereby have been transferred to the Partnership).

Related to Oxy Petrochemicals

  • Chemicals means substances applied to forest lands or timber including pesticides, fertilizers, and other forest chemicals.

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Fuels – shall mean crude oil, petroleum products, biocomponents, biofuels and other fuels, including natural gas, industrial gases and fuel gases.----------------------------------------------------------

  • Polymer means a substance consisting of molecules characterised by the sequence of one or more types of monomer units. Such molecules must be distributed over a range of molecular weights wherein differences in the molecular weight are primarily attributable to differences in the number of monomer units. A polymer comprises the following:

  • Steel Products means products rolled, formed, shaped, drawn, extruded, forged, cast, fabricated or otherwise similarly processed, or processed by a combination of two or more or such operations, from steel made by the open heath, basic oxygen, electric furnace, Bessemer or other steel making process. The Purchasing Division Director may, in writing, authorize the use of foreign steel products if:

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Natural uranium means uranium with the naturally occurring distribution of uranium isotopes, which is approximately 0.711 weight percent uranium-235, and the remainder by weight essentially uranium-238.

  • Chemical agent shall mean any compound which, when suitably disseminated, produces incapacitating, damaging or lethal effects on people, animals, plants or material property.

  • Tobacco products means cigars, cigarettes, cheroots, stogies, periques, granulated, plug cut, crimp cut, ready rubbed, and other smoking tobacco, snuff, snuff flour, moist snuff, cavendish, ping and twist tobacco, fine-cut and other chewing tobaccos, shorts, refuse scraps, clippings, cuttings and sweepings of tobacco, and other kinds and forms of tobacco, prepared in such manner as to be suitable for chewing or smoking in a pipe or otherwise, or both for chewing and smoking.

  • CBM means Capacity Benefit Margin.

  • Energy means electricity, natural gas, steam, hot or chilled water, fuel oil, or other product for use in a building, or renewable on-site electricity generation, for purposes of providing heating, cooling, lighting, water heating, or for powering or fueling other end-uses in the building and related facilities, as reflected in Utility bills or other documentation of actual Energy use.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • DG means Distributed Generation.

  • Natural Gas or “Gas” means wet gas, dry gas, all other gaseous hydrocarbons, and all substances contained therein, including sulphur and helium, which are produced from oil or gas xxxxx, excluding those condensed or extracted liquid hydrocarbons that are liquid at normal temperature and pressure conditions, and including the residue Gas remaining after the condensation or extraction of liquid hydrocarbons from Gas such that any Gas sold under this Agreement shall be of the quality as indicated in Clause 7.

  • Plastics means synthetic materials chemically formed by the polymerization of organic (carbon-based) substances. Plastics are usually compounded with modifiers, extenders, and/or reinforcers and are capable of being molded, extruded, cast into various shapes and films or drawn into filaments.

  • Refining means removing or separating a desirable product from raw or contaminated materials by distillation or physical, mechanical, or chemical processes.