Principal Plant definition

Principal Plant means (a) any brewery, or any manufacturing, processing or packaging plant, now owned or hereafter acquired by the Parent Guarantor or any Subsidiary, but shall not include (i) any brewery or manufacturing, processing or packaging plant which the Parent Guarantor shall by Board Resolution have determined is not of material importance to the total business conducted by the Parent Guarantor and its Subsidiaries, (ii) any plant which the Parent Guarantor shall by Board Resolution have determined is used primarily for transportation, marketing or warehousing (any such determination to be effective as of the date specified in the applicable Board Resolution) or (iii) at the option of the Parent Guarantor, any plant that (A) does not constitute part of the brewing operations of the Parent Guarantor and its Subsidiaries and (B) has a net book value, as reflected on the balance sheet contained in the Parent Guarantor’s financial statements of not more than $100,000,000; and (b) any other facility owned by the Parent Guarantor or any of its Subsidiaries that the Parent Guarantor shall, by Board Resolution, designate as a Principal Plant.
Principal Plant means (a) any brewery, or any manufacturing, processing or packaging plant, now owned or hereafter acquired by the Parent Guarantor or any Subsidiary, but shall not include (i) any brewery or manufacturing, processing or packaging plant which the Parent Guarantor shall by board resolution have determined is not of material importance to the total business conducted by the Parent Guarantor and its Subsidiaries, (ii) any plant which the Parent Guarantor shall by board resolution have determined is used primarily for transportation, marketing or warehousing (any such determination to be effective as of the date specified in the applicable board resolution) or (iii) at the option of the Parent Guarantor, any plant that (A) does not constitute part of the brewing operations of the Parent Guarantor and its Subsidiaries and (B) has a net book value, as reflected on the balance sheet contained in the Parent Guarantor’s financial statements of not more than $100,000,000, and (b) any other facility owned by the Parent Guarantor or any of its Subsidiaries that the Parent Guarantor shall, by board resolution, designate as a Principal Plant. Following any determination, designation or election referred to herein that a brewery or plant shall not be included as a Principal Plant, the Parent Guarantor may, at its option, by board resolution, elect that such facility subsequently be included as a Principal Plant.
Principal Plant means (i) any brewery, or any manufacturing, processing or packaging plant, now owned or hereafter acquired by the Company or any Subsidiary and located within the United States (but not including any (a) brewery or plant of the Company or any Subsidiary which the Company has determined, by Board Resolution, is not of material importance to the total business conducted by the Company and its Subsidiaries or (b) any plant that the Company shall have determined, by Board Resolution, is used primarily for transportation, marketing or warehousing or (c) at the option of the Company, any plant that (A) does not constitute part of the brewing operations of the Company and its Subsidiaries and (B) has a net book value, as reflected on the balance sheet contained in the Company's financial statements most recently filed by the Company with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act, of not more than $100,000,000), and (ii) any other facility owned by the Company or any of its Subsidiaries that the Company shall, by Board Resolution, designate as a Principal Plant. Following any determination, designation or election referred to herein that a brewery or plant shall not be included as a Principal Plant, the Company may, at its option, by Board Resolutions, elect that such facility subsequently be included as a Principal Plant.

Examples of Principal Plant in a sentence

  • LABORATORY Principal Plant Maintenance Technicians, 910.3, shall be reclassified to Specialist Plant Maintenance Technicians, 910.4, after four years full-time service at 910.3.

  • The following personnel were involved in various stages of the project: Principal Plant Ecologist and Study Coordinator: Dr E.M. Mattiske Senior Botanist/Ecologist:Dr J.

  • Barfield, Principal Plant Operator from the Otisco Water Treatment Plant who presented a department overview of staff and their key responsibilities as well as an overview of the water filtration and treatment process.

  • Ms. Howe advised the Board on the status of pending district projects and responded to questions.▪ Three water samples for proposed Water Well No. 2 (Principal Plant Services, LLC) are in the lab for water analysis.

  • If materials are delivered to the school and the ELPAC Coordinator is not readily available, the Principal, Plant Manager, and SAA should follow proper procedures to maintain the materials’ security.


More Definitions of Principal Plant

Principal Plant means (a) any brewery or --------------- manufacturing, processing or packaging plant owned by the Company or any of its Subsidiaries on the date hereof or hereafter constructed or acquired by the Company or any of its Subsidiaries and located within the United States (but shall not include (i) any brewery or plant which the Board of Directors has determined is not of material importance to the total business conducted by the Company and its Subsidiaries, (ii) any plant which the Company shall have determined is used primarily for transportation, marketing or warehousing or (iii) at the option of the Company, any plant that (A) does not constitute a part of the brewing operations of the Company and its Subsidiaries and (B) has a net book value, as reflected on the then most recent balance sheet delivered by the Company to the Banks under Section 5.01(a), of not more than $100,000,000, provided that any such -------- determination, designation or election pursuant to clauses (i) through (iii) of this definition shall be evidenced by a certificate of an Executive Officer delivered to the Administrative Agent) and (b) any other facility owned by the Company or any of its Subsidiaries which the Company shall designate as a Principal Plant. Following any determination, designation or election referred to herein that a brewery or plant shall not be included as a Principal Plant, the Company may, at its option (to be evidenced by a certificate of an Executive Officer delivered to the Administrative Agent), elect that such facility subsequently be included as a Principal Plant.
Principal Plant means (a) any brewery, or any manufacturing, processing or packaging plant, now owned or hereafter ac Subsidiary, but shall not include (i) any brewery or manufacturing, processing or packaging plant which the Parent Guarantor shall by boa material importance to the total business conducted by the Parent Guarantor and its Subsidiaries, (ii) any plant which the Parent Gua determined is used primarily for transportation, marketing or warehousing (any such determination to be effective as of the date specified
Principal Plant means (a) any brewery, or any manufacturing, processing or packaging plant, now owned or hereafter acquired by the Parent Guarantor or any Subsidiary, but shall not include (i) any brewery or
Principal Plant means (a) any brewery, or any manufacturing, processing or packaging plant, now owned or hereafter acquired by the Parent Guarantor or any Subsidiary, but shall not include (i) any brewery or manufacturing, processing or packaging plant which the Parent Guarantor shall by board resolution have determined is not of material importance to the total business conducted by the Parent Guarantor and its
Principal Plant means (i) any brewery, or any manufacturing, processing or packaging plant, now owned or hereafter acquired by the Company or any Subsidiary and located within the United States (but not including any (a) brewery or plant of the Company or any Subsidiary which the Company has determined, by Board Resolution, is not of material importance to the total business conducted by the Company and its Subsidiaries or (b) any plant that the Company shall have determined, by Board Resolution, is used primarily for transportation, marketing or warehousing or (c) at the option of the Company, any plant that (A) does not constitute part of the brewing operations of the Company and its Subsidiaries and (B) has a net book value, as reflected on the balance sheet contained in the Company’s financial statements most recently filed by the Company with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act, of not more than $100,000,000), and (ii) any other facility owned by the Company or any of its Subsidiaries that the Company shall, by Board Resolution, designate as a Principal Plant. Following any determination, designation or election referred to herein that a brewery or plant shall not be included as a Principal Plant, the Company may, at its option, by Board Resolution, elect that such facility subsequently be included as a Principal Plant.
Principal Plant means any [description of facilities] now owned or hereafter acquired by the Company or any Domestic Subsidiary, but shall not include any such facility which the Company shall by Board Resolution have determined is not a Principal Plant; provided that, at the time of any such determination, all such facilities which have been so determined not to be Principal Plants, taken together, are not of material importance to the total business conducted by the Company and its Subsidiaries. Any such determination shall be effective upon the date specified in the applicable Board Resolution. Such designation of a facility as a Principal Plant or as excluded from the definition of Principal Plan may be made at varying times, subject only to the limitation set forth in the first sentence of this definition.
Principal Plant means any production facility now owned or hereafter acquired by the Company or any Domestic Subsidiary, but shall not include any such facility which the Company shall by Board Resolution have determined is not a Principal Plant; provided that, at the time of any such determination, all such facilities which have been so determined not to be Principal Plants, taken together, are not of material importance to the total business conducted by the Company and its Subsidiaries. Any such determination shall be effective upon the date specified in the applicable Board Resolution. Such designation of a facility as a Principal Plant or as excluded from the definition of Principal Plan may be made at varying times, subject only to the limitation set forth in the first sentence of this definition.