GECIS definition

GECIS. ’ means GE Capital International Services, a private company with unlimited liability incorporated under the laws of India;
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GECIS refers to GECIS and each Affiliate of GECIS providing services under any MOA or PSA, as applicable;
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Examples of GECIS in a sentence

  • Carve-out costs will include one-time costs including, without limitation, legal entity set-up, transaction costs, capital investments, and the costs to replace assets and personnel required for the Genworth Group to continue the operations of its Insurance business on a stand-alone basis in substantially the same manner as immediately prior to the exercise of the Carve-Out Option, but which are not to be transferred from GECIS to Genworth at the time of the carve-out.

  • GECIS will cooperate with Genworth as it may reasonably request in obtaining all such approvals.

  • The exercise of such option shall, in each case, be subject to the receipt by Genworth and its Affiliates or its designee and GECIS and its Affiliates of all necessary approvals of governmental agencies.

  • GECIS will cooperate with Genworth and its designees as they may reasonably request in obtaining all such approvals.

  • The following shall be referred to as the “GECIS IP”: • Multi Collinearity Macro • Reconciliation Reporting Tool • Migration Toolkit Notwithstanding anything in this Agreement to the contrary, Genworth and its Affiliates shall not sublicense, assign, or otherwise provide the GECIS IP to any third party (including any acquiring entity, contractor, consultant, customer or supplier of Genworth or its Affiliates) without the prior written consent of GE, which shall not be unreasonably withheld.

  • GECIS agrees that the transactions contemplated by the Separation and the IPO shall not be deemed to constitute a “change of control” for purposes of Section 6.3 of the MOAs (which addresses the acquisition by a party other than GE of more than fifty percent of the voting control or assets of a party to an MOA), or any similar provision of the MOAs and PSAs, and irrevocably waives any rights it may have to terminate or modify the terms of any MOA or PSA as a result of such transactions.

  • If Genworth fails to do so, Genworth shall not be able to require GECIS to provide Services Transfer Assistance.

  • GECIS, in each case, includes GECIS’ Affiliates (excluding Genworth), agents, consultants, contractors or subcontractors.

  • Notwithstanding any other provision of this Exhibit A, GECIS shall be responsible for all transition costs incurred by Genworth relating to its exercise of the Carve-Out Option or its termination of the PSAs and transition of the services in-house or to a new provider.

  • With respect to any other breach by Genworth, GECIS will be entitled to invoke the applicable dispute resolution process and pursue all remedies permitted by that process, but shall not be entitled to terminate any MOA or PSA or voluntarily withhold any services except as authorized pursuant to such process.