GMSL definition
Examples of GMSL in a sentence
GMSL shall repay the Loan (including all interest accrued thereon) in full no later than on the Maturity Date.
As long as an Event of Default is continuing, Fugro may, by notice to GMSL, declare that all or part of the Loan, together with accrued interest and all other amounts outstanding under this Agreement, be immediately due and payable, whereupon they shall become immediately due and payable.
If GMSL makes a payment to Fugro that is insufficient to discharge all matured obligations then due under this Agreement by GMSL to Fugro, that payment shall be applied (irrespective of any appropriation made by GMSL) towards the obligations of GMSL in such order as Fugro may determine.
The Resident/Fellow understands that UMMC prohibits sexual or other harassment toward co-workers, subordinates, supervisors, students, patients or any other individual and the Resident/Fellow shall not engage in such behavior and shall comply with UMMC’s Sexual and Other Harassment Policy (Policy # GMS-L).
GMSL may not assign, transfer or encumber any of its rights or obligations under or in connection with this Agreement.
GMSL shall pay interest on the Loan in arrears on the last Business Day of each calendar quarter and, if applicable, on the Maturity Date.
Illustrative example I: if it turns out that there is only a breach of one GMSL Business Warranty and the Loss suffered by the Global Group as a result of the matter giving rise to the claim in respect thereof amounts to USD 100,000,000, then GMSL is liable towards Fugro in respect of such Losses up to an amount of USD 74,152,542.
Any matter Disclosed shall not limit GMSL’s liability under Clause 4 (GMSL Indemnities).
The Parties agree that no limitations set out in this Agreement shall apply in respect of any breach of a Warranty or claim under Clause 4 (GMSL Indemnities) resulting from or attributable to intentional deceit (bedrog), wilful misconduct (opzet) or gross negligence (bewuste roekeloosheid) of a Party, any of its Affiliates or their respective directors and officers.
GMSL shall indemnify and hold harmless Fugro, in accordance with Clauses 4.4 and 7 (Settlement of Claims), from any and all Losses that Fugro suffers or incurs as a result of or in connection with any Leakage that occurred in the period as from the Accounts Date up to and including the Completion Date.