Acquisition Funding for Xxxxxxx Sample Clauses

Acquisition Funding for Xxxxxxx. A. If required by Xxxxxxx, GBG will provide Xxxxxxx with sufficient loan funding (the “Loan Funding”) in order for Xxxxxxx to acquire the Initial Shares and the Joint Venture Interest. Such funding will be secured by Xxxxxxx’x assets, including a first ranking pledge and cession in security of its interests in Southgold and the Joint Venture and its future revenue streams from these assets. Repayments by Xxxxxxx will be allocated first to accrued interest and thereafter to the repayment of capital. The interest rate payable in respect of the Loan Funding will be the best commercial terms that would be available to Xxxxxxx if it were to borrow funds from a recognized South African lending institution in the circumstances prevailing at the time. B. GBG will (or, in its sole discretion, GBG will procure that Southgold will) pay Trantor ZAR200,000 for its assistance in relation to, and for completion of the mineral title conversion process in respect of, the Burstone Project, including a determination of any BEE credits (whether for Southgold or any third party) which may apply by virtue of the BEE Transactions or any related transactions. Such payment shall be made in accordance with the following schedule: a) ZAR75,000 on signature of this Agreement by Xxxxxxx; and b) ZAR125,000 on Closing. X. Xxxxxxx will approach local funding institutions, including, but not limited to New Africa Mining Fund and the Industrial Development Corporation, to raise capital to repay (a “Refinancing”) the Loan Funding. GBG will consider providing credit support to these institutions in respect of the Refinancing, but is not bound to provide such credit support. Failing such Refinancing, the Loan Funding will be repaid by Xxxxxxx out of the revenues, if any, receivable by it from time to time from Southgold and/or the Joint Venture. D. In the event that all the Loan Funding is repaid pursuant to a Refinancing, GBG shall, as an early repayment bonus, adjust the amortization schedule for such Loan Funding to reduce the aggregate principal amount thereof by an amount equal to the lesser of 10% of the original principal amount and R2,000,000. X. Xxxxxxx will apply any funding received by it as a result of any other transaction undertaken by it subsequent to, or during the course of, the BEE Transactions to repay any outstanding portion of the principal and interest of any funding provided by GBG.

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Related to Acquisition Funding for Xxxxxxx

Payment Terms and Funding Out Clause This is a requirement of the TIPS Contract and is non-negotiable. 2
Abortion Funding Limitation Contractor understands, acknowledges, and agrees that, pursuant to Article IX of the General Appropriations Act (the Act), to the extent allowed by federal and state law, money appropriated by the Texas Legislature may not be distributed to any individual or entity that, during the period for which funds are appropriated under the Act: 1. performs an abortion procedure that is not reimbursable under the state’s Medicaid program; 2. is commonly owned, managed, or controlled by an entity that performs an abortion procedure that is not reimbursable under the state’s Medicaid program; or 3. is a franchise or affiliate of an entity that performs an abortion procedure that is not reimbursable under the state’s Medicaid program. The provision does not apply to a hospital licensed under Chapter 241, Health and Safety Code, or an office exempt under Section 245.004(2), Health and Safety Code. Contractor represents and warrants that it is not ineligible, nor will it be ineligible during the term of this Contract, to receive appropriated funding pursuant to Article IX.
Xxxxxxxx Tobacco Co [Xxxxx Progeny] Circuit Court, Levy County, (Bronson, FL) $8 million in compensatory damages; 90% of fault assigned to RJR Tobacco, which reduced the award to $7.2 million; $72 million in punitive damages. See “— Xxxxx and Xxxxx Progeny Cases” below.
Payment Terms and Funding Out Clause 1 Payment Terms:
Sxxxxxxx-Xxxxx Act There is and has been no failure on the part of the Company or any of the Company’s directors or officers, in their capacities as such, to comply with any provision of the Sxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated in connection therewith (the “Sxxxxxxx-Xxxxx Act”), including Section 402 related to loans and Sections 302 and 906 related to certifications.
Xxxxxxxx-Xxxxx Act There is and has been no failure on the part of the Company or any of the Company’s directors or officers, in their capacities as such, to comply with any provision of the Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated in connection therewith (the “Xxxxxxxx-Xxxxx Act”), including Section 402 related to loans and Sections 302 and 906 related to certifications.
XXXXX-XXXXX AND RELATED ACT PROVISIONS This section is applicable to all Federal-aid construction projects exceeding $2,000 and to all related subcontracts and lower-tier subcontracts (regardless of subcontract size). The requirements apply to all projects located within the right-of- way of a roadway that is functionally classified as Federal-aid highway. This excludes roadways functionally classified as local roads or rural minor collectors, which are exempt. Contracting agencies may elect to apply these requirements to other projects. The following provisions are from the U.S. Department of Labor regulations in 29 CFR 5.5 “Contract provisions and related matters” with minor revisions to conform to the FHWA- 1273 format and FHWA program requirements.
Sxxxxxxx-Xxxxx Compliance As soon as it is legally required to do so, the Company shall take all actions necessary to obtain and thereafter maintain material compliance with each applicable provision of the Sxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder and related or similar rules and regulations promulgated by any other governmental or self-regulatory entity or agency with jurisdiction over the Company.
Distributions; Xxxxxx Xxx Guaranty On or before each Determination Date (or as soon thereafter as is reasonably practicable), Xxxxxx Mae shall calculate the Lower Tier Distribution Amount for the current calendar month. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Certificate Account the portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of the related Lower Tier Regular Classes in the respective amounts and in the applicable manner determined pursuant to Section 2.02. In the event that the amount on deposit in the Certificate Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount distributable thereon, Xxxxxx Mae shall provide from its own funds the amount of any such insufficiency. In addition, in the event that (i) the applicable portion of the Lower Tier Distribution Amount shall be insufficient to pay all interest due and payable on the related Lower Tier Regular Classes on such Distribution Date or (ii) such Distribution Date is a Final Distribution Date for any Class and the distribution on such Distribution Date of the applicable portion of the Lower Tier Distribution Amount will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) withdraw from the Certificate Account, such amount as shall be necessary to remedy such insufficiency and (b) to the extent that funds in the Certificate Account shall be insufficient therefor, apply its own funds towards remedying the same.
Xxxxxxxx-Xxxxx Compliance As soon as it is legally required to do so, the Company shall take all actions necessary to obtain and thereafter maintain material compliance with each applicable provision of the Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder and related or similar rules and regulations promulgated by any other governmental or self-regulatory entity or agency with jurisdiction over the Company.