GLNG definition

GLNG means Golar LNG Limited, a company incorporated under the laws of Bermuda with its registered office at 2nd Floor, S.▇. ▇▇▇▇▇▇▇ Building, 9 ▇▇▇-▇▇-▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Bermua.

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GLNG means Golar LNG Limited, a Bermuda exempted company.

GLNG means Golar LNG Limited a company incorporated in Bermuda with its registered office at 2nd Floor, S.▇. ▇▇▇▇▇▇▇ Building, 9 Par-la-Ville Road, Hamilton HM11, Bermuda. GLNG Shareholder Loan means the up to $25,000,000 revolving loan facility made or to be made available to the Borrower by GLNG. Group means the Borrower and its Subsidiaries for the time being (being the Subsidiaries who are, at any relevant time, the then current Subsidiaries of the Borrower) and, for the purposes of clause 19.2 (Financial statements) and clause 20 (Financial covenants), any other entity required to be treated as a subsidiary in its consolidated accounts in accordance with GAAP and/or any applicable law.

Examples of GLNG in a sentence

• If for any New Shipper GLNG fails to cause the Commercial Operations Date to occur by the Commercial Operations Long Stop Date, then (without prejudice to GLNG’s obligation to pay liquidated damages pursuant to paragraph 1.7) the New Shipper may by notice in writing to GLNG elect to treat the delay as a Default which is not capable of being cured by GLNG for the purposes of Section C6.1.1(c) of the New Shipper GTCs.

• C2.3 of the New Shipper GTCs, GLNG shall provide the New Shipper promptly with details of all and any delays which delay or might be expected to delay the Commercial Operations Date and for which GLNG has the right to defer the Scheduled Commercial Operations Date in accordance with paragraph 1.4.

• Until the Effective Time, the information provided will be subject to the terms of the confidentiality agreement dated as of November 5, 2020 by and between GLNG and NFE Atlantic Holdings LLC (as may in the future be amended from time to time, the “Confidentiality Agreement”).

• This Agreement, the LLC Agreement, the GLNG Purchase Agreement and the other documents and instruments referred to herein and therein, embody the entire agreement and understanding of the parties in respect of the subject matter contained herein.

• Where it is determined by GLNG (acting as a Reasonable and Prudent Operator) that the Capacity 2025 Project is [either] Fully Operational [or (where applicable) Partially Operational], it shall serve a Commercial Operations Notice on the New Shipper, and the Commercial Operations Notice shall confirm the Commercial Operations Date which, except with the agreement in writing of the New Shipper, shall not be sooner than the date 30 days after service of the Commercial Operations Notice.

• This Agreement represents the entire agreement of the parties and may not be amended except in writing and executed by both parties.

• GLNG is the owner and operator of the Isle of Grain LNG import terminal, and pursuant to its Open Season notice dated 1 November 2019 has sought binding bids from interested parties to acquire capacity at the terminal.

• Each of GLNG and Partners irrevocably appoint Golar Management Ltd at present of 13th Floor, One America Square, ▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇, to act as its agent to receive and accept on its behalf any process or other document relating to any proceedings in the English courts which are connected with this Agreement.

• In the event that GLNG fails to comply with the requirements of Section 1.4 or Section 1.6, GLNG shall promptly notify Parent of such breach as soon as GLNG has become aware thereof, having made all due and careful enquiry.

• GLNG agrees that on and from the Effective Time it will maintain all Guarantees required pursuant to, and in accordance with the terms of, the Covered Agreements to which they are in issue, (ii) comply with all covenants and terms to which GLNG is subject in the Guarantees, and the Covered Agreements in respect of which such Guarantees are issued, if any, and (iii) provide Parent with quarterly covenant compliance reports in respect of all applicable financial covenants, if any.

More Definitions of GLNG

GLNG means Golar LNG Limited, a company incorporated under the laws of Bermuda with its registered office at 2nd Floor, ▇.▇. ▇▇▇▇▇▇▇ Building, ▇ ▇▇▇-▇▇- ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Bermuda. 1.50. "Group" means the Guarantor and all Subsidiaries of the Guarantor from time to time. 1.51. "Guarantee" means the guarantee and indemnity of the Guarantor as referred to in Clause 10.1.1. 1.51A. "Guarantees" means the Guarantee and the Additional Guarantee. 1.52. "Guarantor" means Cool Company Ltd., an exempted company incorporated under the laws of Bermuda with its registered office at Canon's Court, ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, Pembroke HM12, Bermuda and/or (where the context permits) any other company or person who shall with the prior written approval of all the Banks at any time during the Facility Period give to the Banks or to the Agent or the Security Trustee on their behalf a guarantee and/or indemnity for the due repayment of all or part of the Indebtedness. 1.53. "Historic Term SOFR" means, in relation to a Vessel Loan or part thereof, the most recent applicable Term SOFR for a period equal in length to the Interest Period of that Vessel Loan and which is as of a day which is no more than five (5) US Government Securities Business Days before the Quotation Day. 1.54. "Indebtedness" means the Loan and all other sums of any nature including costs (together with all interest thereon) which from time to time may be or become due and payable by the Security Parties or any one of them to any of the Finance Parties pursuant to the Finance Documents, or, where the context permits, the amount thereof for the time being outstanding. 1.55. "Insurances" means, in relation to any Vessel, all policies and contracts of insurance (including all entries in protection and indemnity or war risks associations) which are from time to time taken out or entered into in respect of or in connection with that Vessel or her increased value or her Earnings and (where the context permits) all benefits thereof, including all claims of any nature and returns of premium. 1.56. "Interest Payment Date" means each date for the payment of interest in accordance with Clause 7. 1.57. "Interest Period" means each interest period (or, where the context permits, periods) selected by the Borrowers or otherwise agreed by the Agent pursuant to Clause 7. 1.58. "Interpolated Historic Term SOFR" means, in relation to a Vessel Loan or part thereof, the rate (rounded to the same number of decimal places as...

GLNG means National Grid Grain LNG Limited (company number 04463679), acting in its capacity as operator of the Terminal, and any successor or assignee;