Examples of Binding Letter Agreement in a sentence
The Investor and the Company hereby confirm the termination of that certain Facility Loan Agreement, dated August 2, 2004, by and between the Investor and the Company, in accordance with the provisions of Section 1 of the Binding Letter Agreement.
Sudbury project On July 26, 2023, the Company entered into a Binding Letter Agreement (the “Sudbury Agreement”) whereby the Company will have the right to earn a 100% interest in the Sudbury project.
On July 25, 2016, plaintiffs sent MPS a default notice alleging that MPS had breached the Original Agreement and its amendments, the Patent License, and the Binding Letter Agreement by, among other things, not making timely royalty payments, not paying the $300 parking meter fees, and not permitting third-party audits.
All prior written agreements executed by MTP-South Tower and Aetna, as same may be supplemented and modified by this Agreement, shall remain in effect; provided, however, that this Agreement replaces that term sheet captioned "Binding Letter Agreement" executed by Aetna and MTP-South Tower on December 29, 1995.
Notwithstanding any provision to the contrary contained herein, the Stock Option shall not be exercisable unless and until the occurrence of the closing of the transactions contemplated by that certain Binding Letter Agreement, dated the date hereof, among Minorplanet Systems USA, Inc., Minorplanet Systems PLC, and Minorplanet Limited.
Similarly, the conspicuous absence ofIPG from the provisions of the Binding Letter Agreement at issue, while remaining bound to all other provisions, shows that the parties, upon entering into the Binding Letter of Agreement, did not intend for IPG to be bound by that provision.
Upon execution of this Binding Letter Agreement, Xxxxx and GeoLectric will move expeditiously towards closing the transaction via a Definitive Purchase and Sale agreement.
Sudbury projectOn July 26, 2023, the Company entered into a Binding Letter Agreement (the “Sudbury Agreement”) whereby the Company will have the right to earn a 100% interest in the Sudbury project.
On March 15, 2022, the Company announced it has signed a Binding Letter Agreement (the “LOI”) to sell 100% of its interests, rights and title to its East-West Property, Quebec to O3 Mining Inc.
On September 18, 2003, the Company entered into a Binding Letter Agreement (“Agreement”) with a director of one of its subsidiaries to acquire his 1/3 interest in and to the Mogul Generating Facility (“Mogul”) located in Tehachapi, California.