GTSD definition

GTSD and together with Duratek, Scientific, SEG, Hittman, Instrument, Technical and Analytical, the "Assignors") and FIRST UNION NATIONAL BANK (f/k/a First Union National Bank of Maryland), a national banking association, as Collateral Agent (the "Collateral Agent") for the ratable benefit of itself, the Administrative Agent and the Lenders that are party to the Credit Agreement referred to below. The Assignors, as borrowers (in such capacity, the "Borrowers"), the Lenders and the Agents are parties to an Amended and Restated Credit Agreement dated as of February 1, 1999 (as the same may be amended, supplemented or modified from time to time and including any agreement extending the maturity of, refinancing or otherwise restructuring all or any portion of the obligations of the Borrowers under such agreement or any successor agreement, the "Credit Agreement"). This Agreement amends and restates the (a) Security Agreement dated as of April 18, 1997 among Duratek, Technical, Instrument, Analytical and the Collateral Agent and (b) Security Agreement dated as of April 18, 1997 among Scientific, SEG, Hittman and the Collateral Agent. To induce the Lenders and the Agents to enter into the Credit Agreement, and as a condition precedent to the Lenders' and Agents' obligations thereunder, the Assignors have agreed to grant a continuing security interest in and to the Collateral to secure the Obligations. Accordingly, the parties hereto agree as follows:
View Source
GTSD means the present General Terms of Sales and Delivery of Hirose Electric Europe B.V., Amsterdam, The Netherlands, in the actual wording and/or as amended from time to time;
View Source

Examples of GTSD in a sentence

  • If, after BNFL uses such best efforts for a reasonable time, the Lender will not agree to give a Non-Disturbance Agreement, GTSD shall be permitted to enter into the Loan arrangement only if BNFL first consents in writing to the Loan (the "Consent"); provided, however, that the Consent shall be required only for the portions of the Loan which are required in order to protect continuing access to the GTSD Technology as such GTSD Technology relates to any Project.

  • Thereafter, such Project Fee will be distributed eighty percent (80%) to GTSD and twenty percent (20%) to BNFL.

  • In the event that BNFL is required under Section 19.3 to make any indemnification to GTSD, and BNFL cannot or does not make such required payment when required, for whatever reason, GTSD or the Project Organization, as applicable, shall be entitled to offset any such unpaid amounts against any payment otherwise due to BNFL under this Agreement or under the Convertible Debenture.

  • Within thirty (30) calendar days of when the budget for the expenditure of the research and development funds and the authorization to expend such funds has been established by the Steering Committee, BNFL shall provide such funds to GTSD for the research and development efforts.

  • In connection with the teaming arrangement contemplated by this Agreement and contemporaneous with the execution of this Agreement, BNFL shall loan to GTSD $10.0 million.

  • In the event that GTSD shall be required to provide a license or sublicense pursuant to this Section 12.2, such license or sublicense shall be provided on terms which enable GTSD to receive the same economic benefit it would have received had it been able to participate in the Project and GTSD will not be entitled to receive any additional consideration above such amount for the granting of the license or sublicense hereunder.

  • All of the terms and conditions with respect to the loan by BNFL to GTSD are included in the Convertible Debenture.

  • Any party other than GTSD that is to administer and manage the research and development efforts relating to the GTSD Technology will be required to execute an appropriate confidentiality agreement, prior to its commencement of research and development efforts, containing restrictions on the disclosure and use by such party of such technology.

  • The visitation rights provided in this Section 16.1 shall be subject to the sole discretion of GTSD's Board of Directors who may suspend such rights for a portion of a meeting, for an entire meeting, for any action taken by written consent of the Board of Directors of GTSD or terminate such rights altogether.

  • To the extent that the Steering Committee identifies and decides that GTSD and BNFL shall jointly pursue a Project, the Steering Committee shall acknowledge in writing the pursuit of such Project in accordance with the terms of this Agreement and a copy of such written acknowledgment shall be provided to both GTSD and BNFL.

Related to GTSD

  • NPS means nominal pipe size.

  • BG means Bank Guarantee

  • Raptor means all birds of the orders Falconiformes and Strigiformes, commonly called falcons,

  • BLS means basic life support;

  • APC means the Ambulatory Payment Classification system under 42 CFR 419.31 used by Medicare for grouping clinically and resource-similar procedures and services.