Liquidation Committee definition
Examples of Liquidation Committee in a sentence
In consideration for the acquisition of the mining lease, Keegan paid US$50,000 to the Bonte Liquidation Committee and US$50,000 to the Minerals Commission of Ghana for the title transfer.
In accordance with Section 314 of the Companies Act 1993 a creditor or shareholder may request the Liquidator to call a meeting of creditors or shareholders at any time in the course of the Liquidation to vote on a proposal that a Liquidation Committee be appointed to act with the Liquidator.
The Shareholders Meeting shall establish the duration of the functions of the Liquidation Committee, and shall determine the compensation of its members.
In addition to any functions conferred on a Liquidation Committee by any provision of these Regulations, a Liquidation Committee shall assist the liquidator in discharging the liquidator's functions and act in relation to the liquidator in such a manner as may be agreed from time to time.
The Esaase mining lease is also subject to an additional 0.5% NSR royalty to the Bonte Liquidation Committee.