GNCI definition
Examples of GNCI in a sentence
Promptly and in any event within ten days after any Loan Party or any of its ERISA Affiliates knows or has reason to know that any ERISA Event with respect to any Loan Party or any of its ERISA Affiliates has occurred, a statement of the chief financial officer of GNCI describing such ERISA Event and the action, if any, that such Loan Party or such ERISA Affiliate has taken and proposes to take with respect thereto.
All of the outstanding capital stock of GNCI has been validly issued, is fully paid and nonassessable.
Promptly upon receipt thereof, copies of all reports submitted to GNCI or any of its Subsidiaries by Deloitte & Touche or any other independent public accountants of GNCI or any such Subsidiary in connection with each annual, interim or special audit of its financial statement made by such accountants, including the comment letter submitted by such accountants to management of GNCI or any such Subsidiary in connection with their annual audit.
All of the outstanding capital stock of GNI has been validly issued, is fully paid and nonassessable and is owned (other than the PIK Preferred Stock), by GNCI, free and clear of all Liens.
During the Employment Period, the Executive will be nominated to serve as a member of the Board and as a member of the Board of Directors of GNCI (the “GNCI Board”).
To the extent the Executive is elected to the Board or GNCI Board, the Executive shall serve on each such board of directors without additional compensation in respect thereof.
Promptly after the receipt thereof, copies of all reports furnished to GNCI or any of its Subsidiaries (including, without limitation, environmental site assessment reports) prepared by environmental consulting firms in respect of any properties owned or leased by GNCI or any of its Subsidiaries.
Conduct all transactions permitted under the Loan Documents with any of its Affiliates on terms that are fair and reasonable and no less favorable to GNCI than it would obtain in a comparable arm's-length transaction with a Person not an Affiliate.
GNCI is not a party to any agreement or other instrument other than this Guaranty, the Tax Sharing Agreement, the Intercompany Subordination Agreement and the other Related Documents to which GNCI is a party, except as contemplated by the Loan Documents.
The Shares are included for trading on the Nasdaq National Market under the symbol "GNCI".