Teck Contributed Assets definition

Teck Contributed Assets means all assets (other than cash) and liabilities associated with the Elkview Mine and all other properties with potential coal reserves or resources owned by Teck or its affiliates in North America and associated surface rights other than (a) the Quintette coal leases and licences and overlying surface tenures (the balance of which will be conveyed after completion of the reclamation); (b) mobile equipment and related parts owned by QCP (the balance of the QCP Mobile Equipment and related parts will be conveyed to the Partnership after completion of reclamation); (c) any assets related to the Bullmoose mine (the balance of which will be conveyed, subject to receipt of joint venture consent, when shutdown by TBCI has been completed and the mine reclaimed); and (d) for greater certainty, mobile equipment used at Elkview leased from QCP and Teck’s and TBCI’s interest in QCP;
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Teck Contributed Assets means the Teck assets described in the Teck Contribution Term Sheet attached as Schedule 2.3(d), which, pursuant to the Amended Plan, will be contributed to the Partnership;
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Teck Contributed Assets means the businesses which Teck will contribute to the Fording Coal Partnership as described in the Teck Contribution Agreement term sheet attached as Schedule “A” to Schedule 2.3(a) of the Combination Agreement. These assets and liabilities are primarily represented by the Elkview Mine and all of Teck’s undeveloped Elk Valley coal properties but include, as well, any other North American coal properties owned by Teck such as its interest in the Bullmoose mine, which will be conveyed once the shutdown of that mine has been completed and the property reclaimed; the Quintette coal leases and licences and the balance of the QCP Mobile Equipment which will be conveyed to the Fording Coal Partnership once that operation has been reclaimed, and the fixed assets at the Quintette property;
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Examples of Teck Contributed Assets in a sentence

  • The Parties shall co-operate in good faith to file any relevant elections in order to minimize taxes payable under Part IX of the Excise Tax Act (Canada), the Quebec Sales Tax Act and any other provincial or territorial legislation imposing taxes on the sale or transfer of the Fording Contributed Assets, Teck Contributed Assets, Luscar Contributed Assets and Prairie Operations.

  • The addition of the cash flow and long life reserves represented by the Teck Contributed Assets should result in stronger cash flows over a longer period of time.

  • Other than as contemplated herein, neither Teck nor any of its Affiliates is a party to or bound or affected by any commitment, agreement or document containing any covenant expressly limiting its freedom to compete in any line of business other than such restrictive covenants which individually or in the aggregate, directly or indirectly, has not or could not reasonably be expected to have a Material Adverse Effect on the Teck Contributed Assets.

  • Teck agrees that, as at the Effective Time in accordance with the Amended Plan, it will contribute the Teck Contributed Assets to the Partnership in exchange for 18.1 million Class B Exchangeable Units in accordance with the terms set out in Schedule 2.3(b).

  • Teck’s Distribution Entitlement in the Partnership may be increased to 40% and New Fording’s Distribution Entitlement in the Partnership may be diluted to 60% in the event that Partnership Synergies are achieved and/or Elkview Distributable Cash is increased from the combination of the Teck Contributed Assets and the Fording Contributed Assets (including the Luscar Contributed Assets).

  • The Partnership will offer employment to all non-unionized employees of Teck located on mine site who are actively engaged in operations relating to the Teck Contributed Assets and to five non-mine site employees exclusively engaged in respect of such operations.

  • Approximately 37,586,909 Class A Units will be issued to Fording in consideration for the contribution of the Fording Contributed Assets, and approximately 22,725,690 Class B Exchangeable Units will be issued to Teck in consideration for the contribution of its Teck Contributed Assets and the $200 million cash invested in the Fording Coal Partnership.

  • Transfer of Assets to the Fording Coal Partnership The New Arrangement provides that the Fording Contributed Assets (including the Luscar Contributed Assets) and the Teck Contributed Assets will be contributed to the Fording Coal Partnership.

  • The Partnership will generally assume all of the liabilities associated with the Teck Contributed Assets except for certain reclamation liabilities relating to the former Bullmoose and Quintette mining operations.

  • The Teck Contributed Assets consist primarily of the Elkview Mine located in Elk Valley, British Columbia, which produces metallurgical coal.


More Definitions of Teck Contributed Assets

Teck Contributed Assets means all assets (other than cash) and liabilities associated with the Elkview Mine and all other properties with potential coal reserves or resources owned by Teck or its affiliates in North America and associated surface rights other than (a) the Quintette coal leases and licences and overlying surface tenures (the balance of which will be conveyed after completion of the reclamation); (b) mobile equipment and related parts owned by QCP (the balance of the QCP Mobile Equipment and related parts will be conveyed to the Partnership after completion of reclamation); (c) any assets related to the Bullmoose mine (the balance of which will be conveyed, subject to receipt of joint venture consent, when shutdown by TBCI has been completed and the mine reclaimed); and (d) for greater certainty, mobile equipment used at Elkview leased from QCP and Teck's and TBCI's interest in QCP;
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Teck Contributed Assets means the businesses which Teck will contribute to the Fording Coal Partnership. These assets and liabilities include the Elkview Mine, all of Teck’s undeveloped Elk Valley coal properties, as well as all other North American coal properties owned by Teck. The Contributed Assets also include the obligation of Teck to convey its interest in the Bullmoose mine, once the shutdown of that mine has been completed and the property reclaimed, and the fixed assets at Quintette; but for certainty do not include Teck’s or TBCI’s interest in QCP the Quintette coal leases and licences and the balance of the QCP Mobile Equipment will be conveyed to the Fording Coal Partnership once that operation has been reclaimed;
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Teck Contributed Assets means the Teck assets described in the Teck contribution term sheet attached as Schedule “A” to Schedule 2.3(a), which, pursuant to the Amended Plan will be contributed to the Partnership;
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Teck Contributed Assets means the assets that Teck contributed to the Partnership as part the Arrangement comprising substantially all of Teck’s North American metallurgical coal business, including the Elkview mine.
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Related to Teck Contributed Assets

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Transferred Assets has the meaning set forth in Section 2.1.

  • Contributed Interests has the meaning set forth in the recitals.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Contributed Property means each property or other asset, in such form as may be permitted by the Delaware Act, but excluding cash, contributed to the Partnership. Once the Carrying Value of a Contributed Property is adjusted pursuant to Section 5.5(d), such property shall no longer constitute a Contributed Property, but shall be deemed an Adjusted Property.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Contributed Capital at any time, the aggregate amount which shall theretofore have been received by the Borrower as a contribution to its capital or as consideration for the issuance of partnership interests in the Borrower; Contributed Capital shall in any event exclude the proceeds of any Specified Affiliate Debt and any Restricted Equity.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Contribution Share means, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan Parties other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 10.06 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Obligations.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned by any Pledgor or represented by any Partnership Interest.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Taxable value per membership pupil means each of the following divided by the district’s membership:

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Pre-Closing Straddle Period means the portion of a Straddle Period ending on the Closing Date.

  • Subject Assets is defined in Section 2.2(c).

  • Contributors has the meaning set forth in the initial paragraph hereof.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Seller Entities means, collectively, Seller and all Seller Subsidiaries.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Invested Assets means the sum of the market value of the securities held in the Portfolios, and shall not include cash or cash equivalents.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • JV means Joint Ventures