OBLIGATIONS OF THE FRAMEWORK AGREEMENT Sample Clauses

OBLIGATIONS OF THE FRAMEWORK AGREEMENT. CUSTOMER
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OBLIGATIONS OF THE FRAMEWORK AGREEMENT. Li3 Energy and the Buyer commit themselves to the following: a) To finance at their exclusive expenses, through the Legal Mining Companies referred to in the Second Clause of the instrument herein, all the necessary expenses to develop all the exploration and studied programs that are required to determine the measured and probable mining reserves, aimed at developing a technical economical feasibility project and a bank report prepared in such a way that if complies with the international criteria generally accepted and used for this kind of projects. The study of the reserves shall be carried out according to the Norm “National Instrument 43-101” of Canada and shall comply with the protocol of exploration agreed upon among the Parties. In all, such financing obligation will be up to the total amount of five million dollars of the United States of America ($5,000,000.00). Li Energy commits itself to, for the purpose of the financing of the expenses stated in the letter herein, to pay in the coffers of the Legal Mining Companies the amount aforementioned, within a maximum period of 180 days, all this according to the provisions in the article 195 of the Mining Code of the Republic of Chile.- b) Likewise, Li3 Energy commits itself to make available for the Project, the necessary amount to pay the expenses of the administration of the companies involved in the Project, and the ones that arise from this date and during the entire process implemented for the Project. -
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Related to OBLIGATIONS OF THE FRAMEWORK AGREEMENT

  • OBLIGATIONS OF THE BUYER a. The Buyer has furnished to the Company in Exhibit B hereto such information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it as required to effect the registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request. The Company shall notify the Buyer in writing of any other information the Company reasonably requires from the Buyer in connection with any Registration Statement hereunder. The Buyer will as promptly as practicable notify the Company of any material change in the information set forth in Exhibit B, other than changes in its ownership of the Common Stock.

  • Conditions of the Obligations of the Underwriter The obligations of the Underwriter hereunder shall be subject to the accuracy of the representations and warranties on the part of the Company set forth in Section 2 hereof, in each case as of the date hereof and as of each Closing Date as though then made, to the timely performance by each of the Company of its covenants and other obligations hereunder on and as of such dates, and to each of the following additional conditions:

  • Conditions of the Obligations of the Underwriters The obligations of the several Underwriters to purchase and pay for the Firm Securities on the First Closing Date and the Optional Securities to be purchased on each Optional Closing Date will be subject to the accuracy of the representations and warranties of the Company herein (as though made on such Closing Date), to the accuracy of the statements of Company officers made pursuant to the provisions hereof, to the performance by the Company of its obligations hereunder and to the following additional conditions precedent:

  • Conditions of the Obligations of the Purchasers The obligations of the several Purchasers to purchase and pay for the Purchased Notes will be subject to the accuracy of the representations and warranties on the part of the Company herein, to the accuracy of the statements of Company officers made pursuant to the provisions hereof, to the performance by the Company of its obligations hereunder and to the following additional conditions precedent:

  • Conditions to the Obligations of the Seller The obligation of the Seller to consummate the transactions contemplated by this Agreement is subject to the satisfaction on or prior to the Closing Date of each of the following conditions, unless waived in writing by the Seller:

  • Conditions to the Obligations of the Buyer Each and every obligation of the Buyer under this Agreement shall be subject to the satisfaction by the Seller and the Company, on or before the Closing Date, of each of the following conditions unless waived in writing by the Buyer:

  • Obligations of the Adviser (a) The Adviser shall provide (or cause the Fund’s Custodian (as defined in Section 5 hereof, the Fund’s accountant and the Fund’s distributor) to provide) timely information to the Sub-Adviser regarding such matters as the composition of the Sub-Advised Assets, cash requirements and cash available for investment in the Sub-Advised Assets, and all other information as may be reasonably necessary for the Sub-Adviser to perform its responsibilities hereunder.

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