Examples of Atlatsa Group in a sentence
Anglo Platinum has decided to suspend servicing and repayment of all current and future debt incurred by the Atlatsa Group and owing to Anglo Platinum and its related entities until December 31, 2019 (“Debt Standstill Period”).
Financial Statements give a true and fair view of the financial condition and results of operations of the Atlatsa Group, the Borrower Group or the Holdco Group, as the case may be, during the relevant Financial Year.
The Accounting Reference Date of each member of the Atlatsa Group, the Borrower Group and the Holdco Group is 31 December in each year.
The Care and Maintenance Term Loan Facility was entered into on October 12, 2017 between Plateau (as borrower) and RPM (as lender) for $49.9 million (ZAR521 million) to enable the Atlatsa Group to fund its share of all costs associated with the care and maintenance process described in Phase 1 of the Letter Agreement.
RPM also provides debt funding to the Group and purchases all of the Group’s PGM concentrate.Atlatsa HoldingsAtlatsa Holdings is the Company’s controlling shareholder.Key managementAll directors directly involved in the Atlatsa Group and certain members of top management at Bokoni and Plateau.
The Care and Maintenance Term Loan Facility was entered into on October 12, 2017 between Plateau (as borrower) and RPM (as lender) for $56.7 million (ZAR521 million) to enable the Atlatsa Group to fund its share of all costs associated with the care and maintenance process described in Phase 1 of the Letter Agreement.
Initial Definition of Unique Disciplines as of December, 2018Unique defined as disciplines that are accredited, having specific course sequencing, capstone courses, specialized advisory boards, specialized instruction (which include higher costs for student/teacher ratio), they run a smaller course through a sequence, and they offer capstone regardless of number of students.
The Senior Agent may accept deposits from, lend money to and generally engage in any kind of banking or other business with any member of the Borrower Group or the Atlatsa Group.
However, in the event that the Composite Transaction conditions, as discussed in Section 2 – SIGNIFICANT EVENTS – 2017 Restructure Plan and Composite Transaction, are not met by December 31, 2019, or Anglo American Platinum decide not to fund the care and maintenance costs the Atlatsa Group may not have the ability to discharge its liabilities as and when they fall due during 2019 and beyond December 31, 2019.
Going Concern Conclusion The directors of the Atlatsa Group believe that with the Debt Standstill and Anglo Platinum’s undertaking (Phase 1) to fund all one-off and ongoing costs associated with placing Bokoni Mine on care and maintenance until December 31, 2019 and the Group’s approved overhead costs, the Group will be able to settle its liabilities as and when they fall due.