GRCL definition
Examples of GRCL in a sentence
To the extent additional or different members of GRCL or of GOCL are permitted, Pledgor shall cause as a condition to permitting such entity to become a member that the new member consent to (i) the terms of this Agreement; (ii) the Pledge and assignment of the Pledged Collateral; and (ii) the rights granted hereunder for the Agent to become the/a member of GRCL or of GOCL at its election.
Initial transaction statements executed by each of GRCL and GOCL and addressed to the Agent.
Each reference to GRCL in the GR Security Agreement shall be deemed to refer to Great River, and all Collateral (as defined in the GR Security Agreement) of Great River shall be subject to the lien of and terms and provisions of the GR Security Agreement.
In connection with the Original Credit Agreement, Parent, Cruise America, Great River Cruise Line, Inc., a Delaware corporation ("GRCL"), and Great Ocean Cruise Line, Inc., a Delaware corporation ("GOCL"), among other parties, entered into a Guaranty dated as of August 3, 1993 (as amended from time to time, the "GUARANTY") and a Contribution Agreement dated as of August 3, 1993 (as amended from time to time, the "CONTRIBUTION AGREEMENT").
Instructions to register pledge executed by DQII and addressed to each of GRCL and GOCL.
The undersigned hereby acknowledges receipt of a copy of the foregoing Agreement and consents to the pledge by The Delta Queen Steamboat Co. of its membership interests in GRCL and GOCL to the Agent.
This Master Assumption and the Assumptions of Preferred Ship Mortgage by GRCL and GOCL, respectively, represent the final agreement of each of the DQ Entities and the Agent with respect to the matters contained herein and may not be contradicted by evidence of prior or contemporaneous agreements, or prior or subsequent oral agreements, among any of the DQ Entities and the Agent or any Lender.
Instructions to register pledge executed by Borrower and addressed to each of GRCL and GOCL.