Examples of N2C Resources in a sentence
Neither it nor any member of the Borrower Group is required to make any deduction for or on account of Tax from any payment it may make under any Finance Document except to the extent applicable under section 37 of the Income Tax Act or in relation to N2C Resources, N1C Resources or the Parent only, as expressly provided for in any Legal Reservations expressed in any Cayman Islands or Canadian Legal Opinion.
N2C Resources The Transaction Security Document referred to in part 4 of Schedule 13 (Transaction Security Documents).
Evidence that the N2C Resources Shareholder Loan has been advanced to the Borrower by N2C Resources by the payment into the Disbursement Account in accordance with the Funds Flow Statement of an amount of not less than ZAR70,000,000 on the Closing Date.
After the Final Discharge Date, the Security Agent shall exercise any right, power, authority or discretion vested in it as Security Agent and take Enforcement Action in relation to the Transaction Security Documents in accordance with the instructions of N2C Resources which shall override any conflicting instructions given by or on behalf of any other Party.
Evidence that the N2C Resources Shareholder Loan has been advanced to Plateau by N2C Resources by payment into the Disbursement Account in accordance with the Funds Flow Statement.
The Parent and N2C Resources acknowledge the appointment of the Borrower as their agent pursuant to clause 2.3 (Obligors’ Agent) of the Senior Facilities Agreement and the terms of that clause are incorporated in this Agreement mutatis mutandis.
After the Senior Discharge Date and the RPM Discharge Date, the Security Agent shall exercise any right, power, authority or discretion vested in it as Security Agent and take Enforcement Action in relation to the Transaction Security Documents in accordance with the instructions of N2C Resources which shall override any conflicting instructions given by or on behalf of any other Party.
N2C Resources holds 100% of the shares of Plateau, which was purchased by Anooraq on 28 August 2001.Plateau originally held the legal rights to the mineral interests comprising the Platreef Project, which in turn was comprised of the Boikgantsho, Kwanda and Rietfontein Projects.
Anooraq Mexico is now an inactive wholly-owned subsidiary of the Company.The Company has two active Cayman Islands subsidiaries, N1C Resources and N2C Resources.
The Company holds 100% of the shares of N1C M-4 Resources, which in turn holds 100% of the N2C Resources shares.