Define: Process unit

How is Process unit defined in a legal contract?

• Process unit means equipment assembled to create, as intermediate or final products, one or more organic chemicals. A process unit can operate independently if supplied with sufficient feed or raw materials and adequate storage facilities for the product. Seen in 68 SEC filings
• Process unit means the equipment assembled and connected to process raw materials and to make either a final or intermediate product used in the production of other products. Seen in 30 SEC filings
• Process unit means equipment assembled for the extraction of natural gas liquids from field gas, or other operations associated with processing natural gas products. Seen in 30 SEC filings
• Process unit means equipment assembled to manufacture either intermediate or final products. A process unit can operate independently if supplied with enough feed or raw materials and adequate storage facilities for the product. Seen in 16 SEC filings
• Process unit means any step in a manufacturing or process operation which results in the emission of pollutants to the atmosphere. Seen in 12 SEC filings
• Process unit means equipment and components assembled to make, as intermediate or final products, one or more chemicals. Seen in 11 SEC filings
• Process unit means the smallest set of process equipment. Seen in 10 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of process unit' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Process unit means an independent set of equipment assembled to extract or manufacture any final or intermediate product.

Relevant Contract Types

• Supply Contracts
• Manufacturing and Distribution Agreements
• Joint Venture Contracts
• Franchise Agreements

Relevant Circumstances

• Construction and operation of manufacturing facilities
• Production and distribution of chemical or organic products
• Collaboration between companies for product manufacturing
• Establishing a franchise in the product manufacturing industry

Relevant Sectors

• Chemical Industry
• Oil and Gas Industry
• Pharmaceutical Industry
• Manufacturing Industry

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Genie Definition 2

Process unit means the smallest grouping of process equipment.

Relevant Contract Types

• Asset Purchase Agreements
• Equipment Lease Agreements
• Maintenance Contracts

Relevant Circumstances

• Purchasing or leasing of manufacturing equipment
• Maintenance or repair agreements for process equipment
• Contracts for upgrading or replacing equipment in manufacturing facilities

Relevant Sectors

• Manufacturing Industry
• Heavy Equipment Industry
• Construction Industry
• Food Processing Industry

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