Glencore AG definition

Glencore AG means Glencore International AG, a Swiss corporation;
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Glencore AG means Glencore International AG, a Swiss corporation; “Glencore Guarantors” means Glencore AG and Glencore PLC;
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Examples of Glencore AG in a sentence

  • Volcan Compañía Minera S.A.A. (hereinafter “the Company”) is a subsidiary of Glencore AG, which is a subsidiary of Glencore Plc., a company domiciled in Switzerland, hereinafter the Parent, owner of 63% of common class A voting shares and an economic interest of 23%, excluding treasury shares.

  • The Company has a majority shareholder relationship with Glencore AG, a wholly owned subsidiary of Glencore plc (together “Glencore”), as a result of Glencore’s ownership of 71.6% of the Company’s issued shares.

  • On August 26, 2019, the Company completed a US$5 million loan arrangement with Glencore AG (“Glencore”) to fund the advancement of the First Cobalt Refinery.

  • In the IPPA 2005, the parties acknowledged that the GS were issued by Glencore AG to GI pursuant to Art 657 of the Swiss Code of Obligations and were issued solely for the purposes of implementing the profit participation plans and to serve as PPU to calculate the amount of deferred compensation77.

  • Glencore AG, a wholly owned subsidiary of Glencore plc (together “Glencore”), has a majority shareholder relationship with the Company as a result of Glencore’s ownership of 71% of the Company’s issued shares.

  • On 31 October 2008, the Company entered into a financing with Glencore AG (“Glencore”) for an aggregate of US$50 million floating rate secured debentures due on 30 September 30 2011 (the "Debentures") to be issued by PolyMet US, and guaranteed by the Company.

  • Effective April 7, 2021, the Company completed a loan amendment agreement (the “Second Amending Agreement”) with Glencore AG to repay the existing loan by issuing common shares of the Company.

  • That provision reflected, and was in accordance with, Art 657 of the Swiss Code of Obligations and the Articles of both GI and Glencore AG, which provided that a GS granted no more than a claim to a cumulative portion of the balance sheet profit, and that the claim was granted not upon the issue or allocation of the GS to the employee but upon restitution of the GS at the time the employment ceased.

  • Glencore International plc (now renamed Glencore plc) was added as a guarantor under the Programme, and Glencore AG was removed as a guarantor under the Programme, in each case with effect from 8 November 2011.

  • The Amended and Restated Fuel Supply Agreement dated as of even date herewith between EPOS (as buyer thereunder) and Glencore AG (as seller thereunder), pursuant to which Glencore AG supplies to EPOS the Fuel purchased and sold pursuant to this Agreement.

Related to Glencore AG

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  • PLC means Programmable Logic Controller;

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  • HKEx means Hong Kong Exchanges and Clearing Limited;

  • Asia means Afghanistan, Australia, Bangladesh, Bhutan, Brunei, Cambodia, China, Hong Kong, India, Indonesia, Japan, Kazakhstan, Kyrgyzstan, Laos, Macau, Malaysia, Maldives, Mongolia, Myanmar, Nepal, New Zealand, North Korea, Pakistan, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan, and Vietnam.

  • Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million;

  • ASA means the Auction Settlement Amount (or Cash Settlement Amount, as the case may be) determined under the Credit Default Swap Transaction;

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