GVTC definition
Examples of GVTC in a sentence
All of such Governing Agreements constitute valid and binding obligations of GVTC and each of the other parties thereto, enforceable against GVTC and each such other party in accordance with their respective terms, except as may be limited by general principles of equity whether applied in a court of law or a court of equity and by bankruptcy, insolvency, and similar laws affecting creditors’ rights and remedies generally.
GVTC and the GVTC Shareholders will reasonably cooperate with such efforts and sign such documents as may reasonably be required to obtain such approval and file such notices.
Such decision, act, consent or instruction is final, binding and conclusive upon each GVTC Shareholder.
The combined tested capacity is 1,189.7 MW (2021 GVTC), with Unit No. 1 testing at 594.7 MW and Unit No. 2 testing at 595.0 MW.
At no time after Closing and prior to the date that the GVTC Shareholders receive the third Post Closing Date Payment, shall GVTC or any Successor Entity amend, modify or terminate the 401(k) Plan without the prior written Consent of the GVTC Shareholders Committee, except that changes and amendments may be made in the ordinary course of business to comply with ERISA and other applicable laws.
In calculating any additional Tax Adjustment, the highest federal and state tax rates to which each GVTC Shareholder is subject (determined as of the time for which such Tax Adjustment is to be computed) shall be used and any other items of income, deduction, gain, loss, or credits of each GVTC Shareholder shall be ignored.
There are no pending or threatened audits, examinations or investigations by any governmental body, commission or agency involving any GVTC Plan.
As of the date of this Agreement, the outstanding capital stock of GVTC consists of 117,800 shares of Class A Common Stock, $5.00 par value per share, no shares of Class B Common Stock, and no shares of preferred stock.
The membership of the GVTC Shareholders Committee shall initially be comprised of the GVTC Shareholders Committee Members.
Except as set forth in the notes to the GVTC Financial Statements, the GVTC Financial Statements have been prepared in accordance with GAAP applied on a consistent basis throughout the periods indicated, subject in the case of the unaudited financial statements to the absence of footnote disclosures and to normal year-end audit adjustments.