Golar Energy definition
Examples of Golar Energy in a sentence
Golar Energy has been duly incorporated and is validly existing in good standing under the laws of Bermuda and has all requisite corporate capacity to operate its assets and conduct its business.
Golar Energy hereby declares that the appointment hereby made and the powers hereby granted are coupled with an interest and are and shall be irrevocable and perpetual and shall not be terminated by any act of Golar Energy or its successors or assigns or by operation of law.
Golar Energy hereby acknowledges that, upon receipt of the Purchase Price all amounts payable to Golar Energy by 2234 LLC will be extinguished.
The Parties desire by their execution of this Agreement to evidence their understanding, as more fully set forth in Article V, with respect to (a) Golar LNG’s right of first offer relating to Five-Year Vessels (as defined herein) or Non-Five-Year Vessels (as defined herein) owned by the MLP and (b) the MLP’s right of first offer relating to Five-Year Vessels that Golar LNG or Golar Energy might own.
Immediately after the Time of Closing, the following distributions will be completed: (i) first, Golar Energy shall, subject to Applicable Law and receipt of the Chartering Ltd Intra-Group Loan Repayment, pay a dividend to Golar in an amount equal to the 2226 Ltd Purchase Price; and (ii) second, Golar Energy shall, subject to Applicable Law and receipt of the 2226 Corp Purchase Price, pay a dividend to Golar in the amount equal to the 2226 Corp Purchase Price.
Neither Golar, Golar Energy, Chartering Ltd nor any of the Subsidiaries will take any action to change the U.S. federal income tax classification of any of the Subsidiaries.
The MLP shall, not later than the 10th calendar day following receipt of such notice, notify Golar LNG or Golar Energy, as applicable, if it or any other Partnership Group Member wishes to acquire any Five-Year Vessel forming part of that business or package of assets in cooperation and simultaneously with the Golar Entity acquiring the Non-Five-Year Vessels forming part of that business or package of assets.
Such investment banking firm, ship broker or other expert advisor will determine the fair market value of the ▇▇▇▇▇▇▇ Interests and/or the other terms on which the Partnership Group Member and Golar Energy are unable to agree within 30 calendar days of its engagement and furnish the Partnership Group Member and Golar Energy its determination.
Negotiation of Rights of Golar LNG, Golar Energy, Limited Partners, Assignees and Third Parties 20 THIS OMNIBUS AGREEMENT is entered into on, and effective as of, the Closing Date (as defined herein), among Golar LNG Limited, a limited company organized under the laws of Bermuda (“Golar LNG”), Golar LNG Energy Limited, a limited company organized under the laws of Bermuda (“Golar Energy”).
The Parties desire by their execution of this Agreement to evidence their understanding, as more fully set forth in Section 6.2(b)(ii), Section 7.2(c)(ii) and Article VIII, with respect to certain indemnification obligations of Golar LNG and Golar Energy.