Examples of First Funding Agreement in a sentence
On April 26, 2006, in conjunction with the coal transaction, the Company entered into a line of credit facility (the “First Funding Agreement”) with Ivanhoe whereby Ivanhoe agreed to make available to the Company an unsecured line of credit of up to $10 million which was extended to a maximum of $15 million on June 6, 2007.Attached to the First Funding Agreement was a conversion option which became effective upon the completion of the coal transaction.
The acreage and associated units have been removed from the Phase 1A Map.[4] As of the date of the First Funding Agreement, April 19, 2005, 107 lots within Rio Del Oro Village 14 had building permits and the obligation for funding was satisfied for 27.8 acres.
Until August 29, 2008, Ivanhoe has the right to convert the outstanding amounts under the First Funding Agreement into common shares at a conversion price of C$2.35 per share.
At December 31, 2006, the balance of the amounts due under the First Funding Agreement was $5,835,501.
The accrued interest included in the liability component of the First Funding Agreement from May 29, 2007 to December 31, 2007 is $1,089,389, the total interest for the year ended December 31, 2007 was$1,358,742.
Vast Solar and AgCentral are parties to a Funding Agreement dated on or about 19 February 2016 (First Funding Agreement), pursuant to which Vast Solar issued Convertible Notes No 3 and a Funding Agreement on 23 November 2017 (Second Funding Agreement), pursuant to which Vast Solar issued Convertible Notes No 4.
The RCOC, as Requesting Party, shall enter into Contract #18-5238 with MDOT to obtain Federal funding for the Project (the “Contract”) (Exhibit B).
Xxxxxx funded by the Funders under the First Funding Agreement or a successor agreement, if any.
Clarke (verbal) • First Funding Agreement renewal meeting with the City is taking place on Monday, June 29th • Ontario Library Capacities Fund has granted $10,000 to WPL which is being put towards tech training for staff • Better Beginners, Better Futures program – funded by the Hallman Group is a new program in which WPL will explore partnership opportunities • WPL will be partnering with Region of Waterloo Public Health for a new initiative involving new babies born in the Region.
The outstanding amount under the First Funding Agreement is being accounted for in accordance with its substance and is presented in these consolidated financial statements in its component parts, measured at their respective fair values at the time the coal transaction (Note 4) was completed.