Common use of Banro Covenants Clause in Contracts

Banro Covenants. (a) During the Delivery Period, Banro shall not (i) declare or pay any dividend on the common shares in the capital of Banro, or (ii) make any payments to directors or management of Banro not in the ordinary course of business, and shall not, and will cause the Banro Group Entities to not, pursue any construction of projects other than the Twangiza Project and the projects known as the Namoya Project, the Kamituga Project and the Lugushwa Project and will not pursue any exploration activities other than in connection with such projects and with respect to properties held by Banro Congo Mining S.A.

Banro Covenants. (a) During the Delivery Period, Banro shall not (i) declare or pay any dividend on the common shares in the capital of Banro, or (ii) make any payments to directors or management of Banro not in the ordinary course of business, and shall not, and will cause the Banro Group Entities to not, pursue any construction of projects (other than the Twangiza Namoya Project and the projects known as the Namoya Twangiza Project, the Kamituga Project and the Lugushwa Project Project, including, for greater certainty the permitted hydro project) and will not pursue any exploration activities other than in connection with such projects and with respect to properties held by Banro Congo Mining S.A.

Banro Covenants. (a) During the Delivery Period, Banro shall not (i) declare or pay any dividend on the common shares in the capital of Banro, or (ii) make any payments to directors or management of Banro not in the ordinary course of business, and shall not, and will cause the Banro Group Entities to not, pursue any construction of projects (other than the Twangiza Namoya Project and the projects known as the Namoya Twangiza Project, the Kamituga Project and the Lugushwa Project Project, including, for greater certainty the permitted hydro projects) and will not pursue any exploration activities other than in connection with such projects and with respect to properties held by Banro Congo Mining S.A.