GESL definition
Examples of GESL in a sentence
GESL may not rely on the failure to satisfy any of the above conditions precedent as a basis for non-compliance by GESL with its obligations under this Agreement if the condition precedent would have been satisfied but for a default by GESL in complying with its obligations hereunder.
The authorized capital of GESL consists of 5,000,000 common shares.
GESL has no outstanding bonds, debentures, notes or other indebtedness the holders of which have the right to vote (or that are convertible or exercisable into securities having the right to vote) with GESL Shareholders or in respect of the election of directors of GESL.
Each of the parties recognizes and acknowledges that Taseko and the Taseko Subsidiaries would not have agreed to pursue the Arrangement, and GESL would not have agreed to recommend that shareholders vote in favour of the Arrangement, unless this Agreement was executed and, accordingly, acknowledges and agrees that a breach by a party of any obligation in this Agreement will cause the other parties to sustain injury for which they would not have an adequate remedy at law for money damages.
In particular, and without limiting the generality of the foregoing, GESL and Gibraltar 2002 No. 2 have complied with the provisions of all applicable securities legislation, except for non-compliance that could not reasonably be expected to result in a Material Adverse Change.
Neither GESL nor Gibraltar 2002 No. 2 is a party to any written or oral agreement providing for severance or termination payments to any director or officer as a result of the transactions contemplated by this Agreement or which may be affected by a change of control of GESL or Gibraltar 2002 No. 2.
Without limiting the generality of the foregoing, GESL shall ensure that the Circular provides GESL Shareholders with information in sufficient detail to permit them to form a reasoned judgment concerning the matters to be placed before them at the GESL Meeting.
Each of GESL and Gibraltar 2002 No. 2 is a corporation duly incorporated, organized, validly subsisting and in good standing under the laws of its jurisdiction of incorporation and has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted.
There are no other issued and outstanding shares in the capital of GESL.
GESL owns all of the issued and outstanding shares of Gibraltar 2002 No. 2.