GIGS Lease definition

GIGS Lease means that certain Lease, dated as of June 30, 2015, by and between Grand Isle Corridor LP and Energy XXI GIGS Services, LLC, as amended, restated, replaced, supplemented or otherwise modified from time to time.
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Examples of GIGS Lease in a sentence

  • All Liabilities of the Cox Entities and their respective Affiliates, on the one hand, and Parent or any of its Affiliates, on the other hand, to the extent related to the GIGS Assets or the GIGS Lease and attributable to the period prior to the Closing, will fully and forever release and discharge pursuant to the terms of the GIGS Release, other than the Environmental Indemnity (as defined in the GIGS Release).

  • Upon the Effective Time, and without the need for further notice or action by any Party, the obligations of Guarantor (as defined in the Tenant Guaranty) shall be deemed to be restricted to the obligation of Guarantor to guaranty the performance of Tenant’s (as defined in the GIGS Lease) obligations in respect of the Environmental Indemnity only.