TTOL definition

TTOL means Teekay Tanker Operations Ltd.
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Examples of TTOL in a sentence

  • The Company owns, directly or indirectly, 100% of the equity interests in each of the Company Subsidiaries, 50% of the equity interests in High-Q and 50% of the equity interests in TTOL; such equity interests are duly authorized and validly issued in accordance with the organizational documents of each Subsidiary, High-Q and TTOL and are fully paid and nonassessable; and the Company owns such equity interests free and clear of all Liens except for Liens under the Credit Agreements.

  • The Company owns of record 100% of the limited liability company interests or shares, as applicable, in each of the Subsidiaries (other than TTOL).

  • Such stock has been duly authorized and validly issued in accordance with the organizational documents of TTOL, are fully paid and nonassessable.

  • Teekay Tankers Holdings Limited owns of record 50% of the stock of TTOL.

  • Other than the Subsidiaries, High-Q, TIL and TTOL, the Company does not own, directly or indirectly, any equity or long-term debt securities of any corporation, partnership, limited liability company, joint venture, association or other entity.

  • Except as described in the Disclosure Package and the Final Prospectus, there are no outstanding options or warrants to purchase (i) any shares of Class A Common Stock or other interests in the Company or (ii) any equity interests in any Subsidiary, High-Q or TTOL.

  • Except as described in the Prospectus (exclusive of any supplement thereto), there are no outstanding options or warrants to purchase (i) any shares of Class A Common Stock or other interests in the Company or (ii) any equity interests in any Subsidiary, High-Q or TTOL.

  • The Court of Appeal identified the High Court’s approach to TTOL (correctly in my view) as central to the High Court’s reasoning and finding of liability.

  • The Court of Appeal considered, again correctly in my view, that this fairly encapsulated the approach of the High Court:- “Thus: ESB must never exceed TTOL, and if, inadvertently, it does so, it must immediately take steps to reduce water levels to TTOL.

  • Other than the Subsidiaries, High-Q, TTOL and TIL, the Company does not own, directly or indirectly, any equity or long-term debt securities of any corporation, partnership, limited liability company, joint venture, association or other entity.