Gundle definition
Examples of Gundle in a sentence
As of the end of the fiscal quarter ending September 30, 2002, for Gundle and its consolidated subsidiaries on a consolidated basis, the ratio of (i) Funded Debt as of such date to (ii) 4/3 times EBITDA for the nine (9) months ending on such date, shall not be greater than 4.0 to 1.0. The Leverage Ratio as of the end of any fiscal quarter of Gundle ending on or after December 31, 2002 shall not be greater than 3.0 to 1.
The provisions of Paragraph 5 of the Agreement will continue in effect, except that if your employment is terminated without cause (subparagraph (f)), prior to expiration of the term, you shall have the option exercisable by notice to Gundle within 30 days following such termination to be paid your base salary in a lump sum for one year, in which event you shall not have the obligation to seek other employment in mitigation of damages.
Your annual base salary will be $275,000, payable in accordance with the practices of Gundle.
In the Stock Purchase, Gundle shall acquire 100% ownership interest of Serrot.
The terms set out hereunder constitute the entire agreement between the Customer and the entity within the Gundle group of companies from whom the Customer shall purchase goods (hereinafter called Gundle Plastics) and that no variation of these terms shall be binding unless reduced to writing and signed by the Customer and the duly representative of Gundle Plastics.
The EBITDA of Gundle and its consolidated subsidiaries for the fiscal quarter period ending March 31, 2002 shall not be less than $1,500,000 less than the amount thereof shown in the projections furnished to Lender by Gundle on January 10, 2002.
Such balance sheet and statements fairly present the financial condition of Gundle and its consolidated subsidiaries as of such date and the results of the operations of Gundle and its consolidated subsidiaries for the period ended on such date, all in accordance with Generally Accepted Accounting Principles.
You will be employed as the President and Chief Executive Officer of Gundle, which will be the surviving corporation in the merger.
Gundle is a corporation duly formed and validly existing under the Laws of the State of Delaware.
Borrower and Guarantors have delivered to Lender the balance sheet of Gundle and its consolidated subsidiaries, and the related statements of income and retained earnings for the fiscal year ended December 31, 2001.