GMT Clause Samples
The GMT clause defines the time standard used for interpreting dates and times within the agreement, specifically referencing Greenwich Mean Time. In practice, this clause ensures that all deadlines, timeframes, and time-sensitive obligations are calculated based on GMT, regardless of the local time zones of the parties involved. By establishing a single, universal time reference, the clause eliminates confusion and potential disputes over time zone differences, thereby ensuring clarity and consistency in the execution of contractual obligations.
GMT. Notwithstanding the foregoing provisions of this definition or anything in this Agreement or any other Loan Document to the contrary, (a) with respect to leases of real property entered into by any Loan Party, such Loan Party shall not be required to take any action with respect to creation or perfection of security interests with respect to such leases (including requirements to deliver landlord lien waivers, estoppels and collateral access letters), (b) Liens required to be granted from time to time pursuant to the Collateral and Guarantee Requirement shall be subject to exceptions and limitations set forth in the Collateral Documents and, to the extent appropriate in the applicable jurisdiction, as agreed between the Collateral Agent and the Borrower, (c) the Collateral and Guarantee Requirement shall not apply to any of the following assets: (i) any fee-owned real property that is not a Material Real Property and any leasehold interests in real property, (ii) any governmental licenses or state or local franchises, charters or authorizations, to the extent a security interest in any such licenses, franchise, charter or authorization would be prohibited or restricted thereby (including any legally effective prohibition or restriction) after giving effect to the applicable anti-assignment clauses of the Uniform Commercial Code and other applicable Laws, other than the proceeds and receivables thereof the assignment of which is expressly deemed effective under the Uniform Commercial Code and other applicable Laws notwithstanding such prohibition, (iii) motor vehicles and other assets and personal property subject to certificates of title to the extent a Lien thereon cannot be perfected by the filing of a UCC financing statement or equivalent under applicable law, (iv) assets and personal property for which a pledge thereof or a security interest therein is prohibited by applicable Laws (including any legally effective requirement to obtain the consent of any Governmental Authority) after giving effect to the applicable anti-assignment clauses of the Uniform Commercial Code and other applicable Laws, other than the proceeds and receivables thereof the assignment of which is expressly deemed effective under the Uniform Commercial Code and other applicable Laws notwithstanding such prohibition, (v) Excluded Equity Interests, (vi) assets and personal property to the extent a security interest in such assets would result in material adverse tax consequences as ...
GMT. At the commencement of the Auction, each of PSC and HCL will submit to the Agent in writing an initial bid for the Company Shares in the form attached hereto as Exhibit B (the "Form of Bid"), and otherwise in accordance with the terms set forth in the Agent Agreement. Each bid so submitted shall specify the purchase price which the bidding party is willing to pay (or cause to be paid) for all of the Company Shares of the other bidding party and its Group pursuant to this Agreement (it being understood and agreed that if HCL is the Buyer the transactions contemplated herein will be effected in the form set forth in Article II, rather than a direct purchase by the Buyer Group of the Company Shares owned by the Seller Group). All bids in the Auction will be submitted only using the Form of Bid, will be firm bids expressed in cash in U.S. Dollars, and will not be subject to any condition or contingency of any kind or nature whatsoever, it being the agreement of PSC and HCL that any bid containing any contingency or condition shall be invalid. Submission of a bid to the Agent in the Auction must be pursuant to a properly completed and signed Form of Bid that is submitted to the Agent within the time
GMT. The vessel will enter into a new Time Charter with the Previous Time Charterers during the 4 Q of 2015.
GMT. In first instance the Suppliers support staff will try and resolve the matter by phone, email and/or remote access, which must be made available should it be required. For the duration of the contract term
GMT. If the Borrower and the Administrative Agent agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that ▇▇▇▇▇▇ was a Defaulting Lender; and provided further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that ▇▇▇▇▇▇’s having been a Defaulting Lender.
GMT. The TTD attribute of a U_PDU accompanies it during its trip within the subnetwork. It should be noted that the TTD is an absolute time while the TTL is a time interval relative to the instant of the U_PDU submission. The argument Delivery Mode is a complex argument and has a number of attributes. This argument can be given the value of “Default” which means that the delivery mode associated with the U_PDU will be the delivery mode specified by the client during “binding” (Service Type argument of S_BIND_REQUEST). The other values of the Delivery Mode can be used to override the default delivery mode for this U_PDU. A detailed discussion of this argument is provided at the end of this section. The final argument, U_PDU, is the actual Data Unit submitted by the client to the HF Subnetwork. S_UNIDATA_REQUEST_CONFIRM