GMSL definition

GMSL has the meaning as set out in the preamble of this Agreement;
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GMSL means Global Marine Systems Limited, a company incorporated in England with registered number 01708481.
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GMSL means Gulf Midstream Services Limited, a corporation existing under the laws of the Province of Alberta.
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Examples of GMSL in a sentence

  • In order to finance the Cash Consideration, GMSL incurred a loan of $7.5 million from a subsidiary of Fugro pursuant to a Vendor Loan Agreement, dated as of November 30, 2017, by and between Fugro Financial Resources B.V. and GMSL (the "Vendor Loan Agreement").

  • Previous acquisition of Furrow On November 30, 2017, Global Marine Systems Limited ("GMSL"), an indirect subsidiary of the Company, consummated the transaction contemplated by a Business Purchase Agreement (the "BPA") and a Warranty and Indemnity Agreement, in each case by and among Fugro N.V., a public limited liability company incorporated in the Netherlands (“Fugro”), GMSL and Global Marine Holdings LLC (“GMHL”), an indirect subsidiary of the Company and an indirect parent company of GMSL.

  • Pursuant to the BPA, GMSL acquired the trenching and cable laying business ("Furrow") of Fugro (the “Furrow Acquisition”), consisting of, among other things, 19 employees, one vessel, two trenching systems and two work class remotely operated vehicles ("ROV") and working capital.

  • The majority of the GMSL business operations fall within the UK tonnage tax regime and is therefore not subject to income taxes.

  • If GMSL makes a payment to Fugro that is insufficient to discharge all matured obligations then due under this Agreement by GMSL to Fugro, that payment shall be applied (irrespective of any appropriation made by GMSL) towards the obligations of GMSL in such order as Fugro may determine.

  • The Parties agree that no limitations set out in this Agreement shall apply in respect of any breach of a Warranty or claim under Clause 4 (GMSL Indemnities) resulting from or attributable to intentional deceit (bedrog), wilful misconduct (opzet) or gross negligence (bewuste roekeloosheid) of a Party, any of its Affiliates or their respective directors and officers.

  • To reflect the acquisition of GMSL as if the transaction occurred on January 1, 2014.

  • As consideration for the Furrow Acquisition, GMSL paid $7.5 million (the "Cash Consideration") to Fugro for a Q1400 Trenching System (the "Trencher"), and (b) GMHL issued to a subsidiary of Fugro (the "Fugro Member") membership units representing a 23.6% equity interest in GMHL (excluding management incentive units), valued at $79.7 million based on the preliminary purchase price allocation.

  • GMSL shall repay the Loan (including all interest accrued thereon) in full no later than on the Maturity Date.

  • The Company shall conduct any future activity that would constitute a United States trade or business for tax purposes through GMSL or another Subsidiary of GMSL.


More Definitions of GMSL

GMSL the words ", Solex Production Ltd.".
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Related to GMSL

  • CSDCC means the China Securities Depository and Clearing Co., Ltd. “CSRC” means the China Securities Regulatory Commission.

  • MSL means an altitude expressed in feet measured from Mean Sea Level.

  • Group Companies means the Company and its Subsidiaries.

  • HK Company shall have the meaning ascribed to it in the preamble of this Agreement.

  • Target Company means each of the Company and its direct and indirect Subsidiaries.

  • EG means the Enforcement Guide;

  • SoftBank means Softbank Group Corp.

  • BTCo means Bankers Trust Company, in its individual capacity, and any successor corporation thereto by merger, consolidation or otherwise.

  • Target Companies means the Target and its Subsidiaries.

  • GMS means the automated system, or its successor system, employed by SCE real time operations to remotely monitor and dispatch the Generating Facility.

  • PRC Companies means, collectively, all entities listed in Appendix A hereof, and each, a “PRC Company”.

  • CTC means Canadian Tire Corporation, Limited together with its Subsidiaries (excluding the REIT and the REIT’s Subsidiaries), or, as the context requires, any of them.

  • WFOE has the meaning set forth in the Preamble.

  • SBS means the New York City Department of Small Business Services.

  • Parent Parties has the meaning set forth in ARTICLE V.

  • Seller Parent has the meaning set forth in the Preamble.

  • NBC means the National Bank of Cambodia, and any successor thereto;

  • AMC means Annual Maintenance Contract

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Founding Companies has the meaning set forth in the third recital of this Agreement.

  • MEC means a Member of the Executive Council of a province;