Project Charge definition

Project Charge means a charge, mortgage and/or security interest in, to and over the Property as well as all hereafter acquired property rights pertaining to the Project and a charge, mortgage and/or security interest in, to and over all present and after acquired personal property used at or in connection with, or derived from the Project which shall be in form and substance satisfactory to Sandstorm acting as a prudent lender, as more particularly described in Article 19;

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Project Charge means a charge over all of the assets, property and undertaking of Lordsburg in respect of the Project to secure all guarantee obligations of Lordsburg under this Agreement and, after the Waterton Repayment Date, includes the Additional Charges;

Project Charge means a charge and/or security interest registered and/or recorded over the Property and all of the owned mining equipment and the plants and ▇▇▇▇▇ located on the Property or used in connection with mining operations conducted in connection with the Property, to secure all obligations of Rambler UK and Rambler Canada under this Agreement. The Project Charge shall rank as first place security and may (only) rank pari passu with security granted to a bank up to a maximum amount of US$10.0 million. Sandstorm shall not be required to enter into any intercreditor arrangements with any bank that would limit Sandstorm’s rights under this Agreement;

Examples of Project Charge in a sentence

Except as provided in this Agreement and the Project Charge, Sandstorm Barbados has no right, title or interest in and to the Project.
Brigus shall not amend, supplement, waive, restate, supersede, terminate, cancel or release or otherwise consent to a departure from the provisions of the Project Charge without the prior written consent of Sandstorm, such consent not to be unreasonably withheld.
To the extent necessary, Brigus shall provide its written consent or signature to any documents or things necessary to accomplish the registration, recordation and notice with respect to the Project Charge.
For certainty, it is understood and agreed that, from and after such time as Waterton has been fully repaid all principal and interest owing to it pursuant to the Waterton Security, Sandstorm Barbados shall at all times thereafter, rank as a first place senior secured creditor with respect to the Project and the Property and the Project Charge, unless subject to the Project Charge Discharge, shall be first place ranking security.
Except as provided in this Agreement and the Project Charge, Sandstorm has no right, title or interest in and to the Property.
Brigus covenants to provide evidence, to the reasonable satisfaction of Sandstorm, of the due registration of the Project Charge in all applicable government offices within 90 days of the Execution Date.
Immediately upon completion of payment in full of the Santa Fe Barbados Repayment Amount, the Project Charge will terminate.
Except as provided in this Agreement and the Project Charge, Sandstorm “...[agreement redacted – proprietary structure]” has no right, title or interest in and to the Project.
To the extent necessary, Santa Fe, Lordsburg and Santa Fe Barbados shall provide their written consent or signature to any documents or things necessary to accomplish such registration, recordation and notice with respect to the Project Charge.
To the extent necessary, Rambler UK and Rambler Canada shall provide their written consent or signature to any documents or things necessary to accomplish such registration, recordation and notice with respect to the Project Charge.

More Definitions of Project Charge

Project Charge means any charge that is given by the Chargor and the Chargee collectively to secure a Project Loan. All other capitalized terms utilized herewith without definitions shall have the meanings specified therefor in the Joint Venture Agreement.

Project Charge means any Clause 17 Cross Charge given by the Company.

Project Charge means to the extent permitted by Brazilian law, a charge over all of the assets, property and undertaking of MAS to secure all obligations of ▇▇▇▇ and MAS under this Agreement and the ▇▇▇▇ Guarantee Agreement;

Project Charge means a valid and perfected charge, which Sandstorm and Sandstorm “