Safety Assets definition

Safety Assets collectively, the following rights and Assets of the Company and its subsidiaries: (a) the assets included on the consolidated balance sheet of the Safety Busi- ness as of June 30, 1996 and any assets acquired by the Company exclusively relating to the Safety Business from July 1, 1996 to the Distribution Date (other than, in each case, assets sold or otherwise disposed of on or prior to the Distribution Date); (b) the real property owned or leased listed on Schedule 1.01(d)(2); (c) any recoveries under the litigation listed on Schedule 1.01(b); (d) other than with respect to the "▇▇▇▇▇▇" and "▇▇▇▇▇▇ International" names and related trademarks and trade names (but subject to Section 6.04 hereof), the patents, trademarks, trade names, copyrights (including applications for any of the foregoing), and invention records of the Company relating primarily to the Safety Business, including without limitation the patents, trademarks and copyrights listed on Schedule 1.01(g)(2); (e) the Company's books and records to the extent set forth in Section 7.01(b); (f) all of the outstanding capital stock or other interests of the Company in the Retained Subsidiaries and in the partnerships, joint ventures and in- vestments listed on Schedule 1.01(a); (g) ▇▇▇▇▇ checking and cash accounts with respect to the Safety Business not main- tained, in the ordinary course of business, on the central com- pany cash management system; (h) cash generated from the opera- tions of the Safety Business from July 1, 1996 through the Dis- tribution Date in excess of the sum of (x) cash used by the Safety Business, (y) the Safety Supplemental Distribution and (z) $15 million of expenses incurred by the Company in connec- tion with the transactions contemplated by the Combination Agreement; (i) the Safety Policies and the rights under the Company Policies to the extent set forth in Article VIII of this Agreement; (j) the rights and Assets of Safety under the Ancillary Agreements; and (k) any other rights and Assets of the Company and its subsidiaries exclusively relating to the Safety Business, provided that the Safety Assets shall not in- clude (1) cash and cash equivalents, except as set forth in clause (g) or (h) above, and (2) assets associated with the Corporate Operations.
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Safety Assets collectively, the following rights and Assets of the Company and its subsidiaries: (a) the assets included on the consolidated balance sheet of the Safety Business as of June 30, 1996 and any assets acquired by the Company exclusively relating to the Safety Business from July 1, 1996 to the Distribution Date (other than, in each case, assets sold or otherwise disposed of on or prior to the Distribution Date); (b) the real property owned or leased listed on Schedule 1.01(d)(2); (c) any recoveries under the litigation listed on Schedule 1.01(b); (d) other than with respect to the "▇▇▇▇▇▇" and "▇▇▇▇▇▇ International" names and related trademarks and trade names (but subject to Section 6.04 hereof), the patents, trademarks, trade names, copyrights (including applications for any of the foregoing), and invention records of the Company relating primarily to the Safety Business, including without limitation the patents, trademarks and copyrights listed on Schedule 1.01(g)(2); (e) the Company's books and records to the extent set forth in Section 7.01(b); (f) all of the outstanding capital stock or other interests of the Company in the Retained Subsidiaries and in the partnerships, joint ventures and investments listed on Schedule 1.01(a); (g) ▇▇▇▇▇ checking and cash accounts with respect to the Safety Business not maintained, in the ordinary course of business, on the central company cash management system; (h) cash generated from the operations of the Safety Business from July 1, 1996 through the Distribution Date in excess of the sum of (x) cash used by the Safety Business, (y) the Safety Supplemental Distribution and
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Examples of Safety Assets in a sentence

  • Without limiting the generality of the definition of Safety Assets set forth in Section 1.01, the Safety Assets shall include (i) any and all rights of an insured party under each of the Company Policies, specifically including rights of indemnity and the right to be defended by or at the expense of the insurer, other than the rights under the Company Policies included in New ▇▇▇▇▇▇ Assets pursuant to Section 8.01(a); and (ii) the Safety Policies.

  • Prior to the Distribution, Safety GmbH shall purchase or assume, and the Company shall cause ▇▇▇▇▇▇ International GmbH ("▇▇▇▇▇▇ GmbH"), a limited liability corporation under the laws of Germany, to sell or assign, the Safety Assets and Safety Liabilities owned or held by ▇▇▇▇▇▇ GmbH for the fair market value thereof, which amount shall be determined by mutual agreement of the Company and New ▇▇▇▇▇▇.

  • The Safety Assets as of the Distribution Date shall include all Assets then owned or held by the Company and its subsidiaries which are exclusively used in the operation of the Safety Business as such business is conducted as of such date, including cash and cash equivalents as provided in clauses (g) and (h) of the definition of Safety Assets.

  • The Safety Assets as of the Dis- tribution Date shall include all Assets then owned or held by the Company and its subsidiaries which are exclusively used in the operation of the Safety Business as such business is con- ducted as of such date, including cash and cash equivalents as provided in clauses (g) and (h) of the definition of Safety Assets.

  • Prior to the Dis- tribution, Safety GmbH shall purchase or assume, and the Com- pany shall cause ▇▇▇▇▇▇ International GmbH ("▇▇▇▇▇▇ GmbH"), a limited liability corporation under the laws of Germany, to sell or assign, the Safety Assets and Safety Liabilities owned or held by ▇▇▇▇▇▇ GmbH for the fair market value thereof, which amount shall be determined by mutual agreement of the Company and New ▇▇▇▇▇▇.

Related to Safety Assets

  • Transportation project or "project" means any or the

  • Plant means the machinery and apparatus intended to form or forming part of the Works.

  • Safety zone means the area officially set apart within a roadway for the exclusive use of

  • Historic property means any prehistoric or historic site, district, building, object or other real or personal property of historical, architectural or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government and culture of Florida.

  • Safety Management System means a systematic approach to managing safety, including the necessary organisational structures, accountabilities, policies and procedures;