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

  • 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 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.

  • Since October 31, 2008 the Company and Glencore AG (“Glencore”) have entered into a series of financing agreements and a marketing agreement whereby Glencore committed to purchase all of the Company’s production of concentrates, metal, or intermediate products on market terms at the time of delivery, for at least the first five years of production.

  • On October 31, 2008, the Company entered into a financing with Glencore AG (“Glencore”) for an aggregate of US$50 million floating rate secured debentures due on September 30, 2011 (the "Debentures") to be issued by the Company's wholly-owned Minnesota subsidiary, Poly Met Mining, Inc.

  • Under the rules of the NYSE American, the Company is considered a "controlled company" because Glencore AG holds more than 50% of the voting power of the Company.

  • No amendment, modification, termination or waiver of any provision of this Guaranty, and no consent to any departure by the Guarantor therefrom, shall in any event be effective without the written concurrence of the Majority Investors and, in the case of any such amendment or modification, the Guarantor.

  • As at April 30, 2016, the Company had cash of $1.879 million and a working capital deficiency of $88.939 million primarily due to the $37.442 million secured convertible debt and $44.789 million secured non-convertible debt due March 31, 2017 to Glencore AG, a wholly owned subsidiary of Glencore plc (together “Glencore”) being classified as a current liability.

  • For the year ended 31 January 2009, it also includes the fair value of the convertible debt obtained from Glencore AG, net of associated costs.This financial information has been reported in accordance with Canadian GAAP and denominated in United States dollars, the Company’s reporting currency.

  • Sales contracts between PGM and Glencore AG for the sale of copper concentrates.

  • While in the past the Company has been successful in closing financing agreements with Glencore AG (“Glencore”) and other parties, there can be no assurance it will be able to do so again in the future.On November 12, 2010, PolyMet entered into a definitive agreement with Glencore to sell in a private placement 15.0 million common shares at $2.00 per share for gross proceeds of $30.0 million, before deducting estimated offering expenses.

Related to Glencore AG

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  • LHSIA means the Local Health System Integration Act, 2006, and the regulations made under it, as it and they may be amended from time to time;

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  • limited company means a company limited by shares or by guarantee or a company limited both by shares and by guarantee;

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  • 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;

  • €STR means, in respect of any TARGET Business Day, the interest rate representing the wholesale Euro unsecured overnight borrowing costs of banks located in the Euro area provided by the European Central Bank as administrator of such rate (or any successor administrator) and published on the Website of the European Central Bank (as defined below) at or before 9:00 a.m. (Frankfurt time) (or, in case a revised euro short-term rate is published as provided in Article 4 subsection 3 of the ECB €STR Guideline at or before 11:00 a.m. (Frankfurt time), such revised interest rate) on the TARGET Business Day immediately following such TARGET Business Day;