TECHNIP Sample Clauses

TECHNIP. Technip is a world leader in project management, engineering and construction for the energy industry. From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 30,000 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges. Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction. Technip shares are listed on the NYSE Euronext Paris exchange and the USA over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPK).

TECHNIP. (Organized under the laws of the French Republic)

TECHNIP. In 1996, Coflexip SA and Cofexip Stena Offshore Limited (now known as Technip S.A. and Technip Offshore Limited) (“Technip”), commenced legal proceedings in the UK High Court against three subsidiaries of ▇▇▇▇ for infringement of a certain patent held by Technip on flexible flowline laying technology. The claim related to ▇▇▇▇’▇ use of the fexible lay system on the Seaway Falcon. The claim was heard by the UK High Court in 1998 and on January 27, 1999 the disputed patent was held valid in favor of Technip. Following this judgment, Technip claimed damages relating to lost profit for five projects, plus legal costs and interest. However, the damages claim was stayed pending the appeal by both parties against the January 1999 decision. The Court of Appeal dismissed the defendant’s appeal and maintained the validity of the patent. ▇▇▇▇ applied for leave to appeal the Court of Appeal decision to the House of Lords, which was denied. As a result, the equipment part as well as the process part of the patent were held valid. During 2001, Technip submitted an amended claim for damages claiming the lost profits on a total of 15 projects. In addition there was a claim for alleged price depreciation on certain other projects. The total claim was for UK pounds 63 million (approximately $118 million), plus interest, legal fees and a royalty for each time that the flexible lay system tower on the Seaway Falcon was brought into UK waters. ▇▇▇▇ estimated that the total claim would be approximately UK pound 88 million (approximately $165 million). In the alternative, Technip claimed a reasonable royalty for each act of infringement, interest and legal costs. Technip did not quantify the claim. During 2003, the UK High Court held that the same patent, the subject of the proceedings against ▇▇▇▇, was invalid in a separate and unrelated litigation between a company of the Halliburton Group and Technip. That decision has been appealed by Technip. In light of the decision in the Halliburton case, ▇▇▇▇ applied to the UK High Court to stay the damages inquiry in the Stolt Offshore case, pending the resolution of the Halliburton case. The UK High Court denied the request. ▇▇▇▇ appealed this decision to the UK Court of Appeal and the UK Court of Appeal, subsequent to a hearing in January 2004, decided that ▇▇▇▇ could not benefit from the patent being revoked in the Halliburton case. However, the UK Court of Appeal did not decide on whether or not to stay the damages inquiry, nor on ...

TECHNIP. Isis and Coflexip are all companies with shares listed and traded on the Premier Marche of Euronext Paris. Coflexip is a corporation with share capital of 29,897,214.4 euros (as of December 31, 2000) and registered office at ▇▇, ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ - ▇▇▇▇▇ ▇▇▇▇▇, entered under number 775729072 of the Corporate and Commercial Registry of Paris. IFP holds approximately 52.8% of the share capital and 53.2% of the voting rights of Isis. Isis holds approximately 17.3% of the share capital and voting rights of Coflexip (as of December 31, 2000), and around 11.3% of the share capital and 17.9% of the voting rights of Technip (as of May 31, 2001). On April 19, 2000, Technip acquired 5,518,195 shares of Coflexip, currently representing approximately 29.7% of the share capital and 29.8% of the voting rights of Coflexip.

TECHNIP. By: Name: Title: M▇▇▇▇▇ GUARANTY TRUST COMPANY OF NEW YORK By: Name: Title: Vice President ________ No. of ADSs: Number ___________________ Each ADS represents One-Fourth of one Share CUSIP:

TECHNIP. La Defense 6 1▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ 92973 Paris La Défense Cedex France Attention: P▇▇▇▇▇▇ ▇▇▇▇▇▇ Fax: (+▇▇) ▇ ▇▇ ▇▇ ▇▇ ▇▇