VCS Business definition

VCS Business shall have the meaning set forth in the Distribution Agreement.
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VCS Business means: (i) the business and operations of the Vehicle Control Systems segment of ASD as described in the Form 10; (ii) any other business, operations, or assets where such business was conducted exclusively through the use of the VCS Assets prior to the Effective Time, and (iii) the businesses and operations of Business Entities acquired or established by or for any member of the WABCO Group after the Effective Time.
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Examples of VCS Business in a sentence

  • To the extent that any employment and service-related Liabilities exist with respect to former ASD Employees whose last employment with an ASD Group member was primarily connected to the VCS Business and which are not otherwise specifically dealt with herein, the parties shall cooperate to effect the transfer to, and assumption of, such Liabilities by WABCO.

  • ASD will effect the restructuring transactions described in the Distribution Agreement for the purpose of aggregating the VCS Business in the WABCO Group prior to the Distribution (collectively, the “Reorganization”).

  • The provisions of this Service Agreement are intended to bind the Parties to each other and are not intended and do not create rights in any other person, including any employee of the VCS Business or ASD, and no Person is intended to be or is a third party beneficiary of any of the provisions of this Services Agreement.

  • WABCO (on behalf of itself and all other members of the WABCO Group) hereby confirms and agrees to comply with any and all covenants and agreements in the Tax Materials applicable to WABCO or any member of the WABCO Group or the VCS Business.

  • WABCO acknowledges and agrees on its own behalf, and on behalf of each member of the WABCO Group, that ASD has provided to WABCO prior to the Effective Time all information necessary for WABCO or the appropriate member of the WABCO Group to obtain such insurance policies and insurance programs necessary to cover any and all risk of loss related to the VCS Business.

  • The parties hereto agree that neither ASD nor any member of the ASD Group will have any obligation to renew any letters of credit issued on behalf of or in favor of any member of the WABCO Group or the VCS Business after the expiration of any such letter of credit.

  • He drew attention to item 2.4 where Audit NZ recommended that Council formally considers the risk management framework that the VCS Business Unit operates under.

  • Notes to the Unaudited Condensed Consolidated Interim Financial Information (Continued)For six months ended 30 June 2013 (All amounts in RMB thousands unless otherwise stated) 20 Convertible bonds (continued)The fair value of the 2016 Convertible Bonds was determined by an independent qualified valuer based on the Binomial valuation model.

  • The year-over-year increase was primarily driven by the non-deductible loss of $257 million on the mark-to-market valuation of our window forward contracts associated with the expected cash outflows of the Euro-denominated purchase price of the VCS Business and a tax charge of $33 million related to our intention to no longer permanently reinvest historical earnings from certain jurisdictions.

  • Mallinson reported that the VCS Business has finished the winter aerial contracts and that is why both revenue and expenditure exceeded budget.

Related to VCS Business

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Company Business means the business of the Company as presently conducted.

  • Subject Business means the policy or policies that are

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

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

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Retained Businesses means all businesses, operations and activities directly or indirectly conducted or formerly conducted by the Seller Group other than the Business (including all businesses, operations and activities related to any dealerships sold or disposed of prior to the date hereof).

  • Licensed Business means the activities connected with the conveyance of

  • Micro Business means a company which either:

  • Excluded Businesses has the meaning set forth in Schedule 1.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services.

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • Oil and Gas Business means the business of exploiting, exploring for, developing, acquiring, operating, producing, processing, gathering, marketing, storing, selling, hedging, treating, swapping, refining and transporting hydrocarbons and other related energy businesses.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.

  • the two businesses means the FNZ business and the GBST business;

  • Trust business means the business of acting as trustee, executor or administrator;