Cool Pool definition

Cool Pool is a revenue and cost sharing arrangement between the Subsidiaries and the owners of the LNG Carriers GOLAR TUNDRA (being a subsidiary of Golar) and GOLAR CELSIUS (being a subsidiary of NFE), both of which are managed by Golar Management, the terms of which are set out in the Pool Agreement. "CoolPoolCo" means The Cool Pool Limited, a private limited company incorporated in the ▇▇▇▇▇▇▇▇ Islands which is wholly owned by Golar and whose particulars are set out in detail in Schedule 2 hereto. "Cool Pool Shares" means the 200 shares of no par value currently in issue in the CoolPoolCo. "Data Room" means an electronic data room containing all the Contracts and other documents relating to the Subsidiaries and CoolPoolCo disclosed to the Company as at COB, Oslo time, on 25 January 2022, the content of which will be made available to the Company on a memory stick at Completion. "Dispute" has the meaning attributed to the term in Clause 2.3.3. "Encumbrance" any mortgage, charge, pledge, lien, option, right to acquire, right of pre-emption, assignment, trust arrangement, hypothecation, security interest, title retention and any other security interest or arrangement of any kind, or any agreement to create any of the foregoing. "EPS" means EPS Ventures Ltd., having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, ▇▇▇▇▇▇▇▇ Islands. "Existing Bank Loan" means a senior loan provided to Golar LNG NB12 Corporation by a syndicate of banks and export credit agencies represented by Citibank Europe plc, UK branch as agent secured, inter alia, by a first priority mortgage over ▇▇▇▇▇ ▇▇▇▇▇, the details of which are set out in Schedule 3.
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Cool Pool means the vessel pooling arrangement of the same name managed by a company in which the Seller has a minority shareholding.
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Examples of Cool Pool in a sentence

  • The terms of the pool arrangements under the Cool Pool Agreement are approved as they exist at the date of this Agreement.

  • As for the Cool Pool Shares, title shall be transferred to the Company as part of the final Subsidiary Completion by Golar arranging for the cancellation of the current share certificate, the issue of a new certificate in the Company’s name which shall be delivered to the Company and the entering of the Company’s name in the relevant Subsidiary’s register of members as the registered owner of those Subsidiary Shares.

  • Approved Commercial Manager means Cool Company Management Ltd, Cool Company Management AS, The Cool Pool Limited or another commercial manager approved by the Majority Lenders, such approval not to be unreasonably withheld.

  • Each of GLNG and Cool Pool acknowledges and agrees that Parent may at any time after the date of this Agreement serve a notice on Cool Pool requesting the withdrawal of any of the Vessels from the LNG Pool.