Examples of Sulfide Project in a sentence
The triggering event for the Contingent Payment is the earlier of (i) the date of FGR’s formal decision to proceed with the Bogoso Sulfide Project is made, or (ii) the date on which an aggregate of 5% of the sulfide mineral resources as stated at the end of 2019, being 1.76 million ounces of measured and indicated resources and 0.07 million ounces of inferred resource has been extracted (the earlier of (i) and (ii) being the “Decision to Proceed”).
Contingent Payment In addition to the deferred consideration, a contingent payment of up to $40 million may become payable by FGR to Golden Star conditional upon the occurrence of the milestones set out hereinafter in respect of the development of the Bogoso Sulfide Project (the "Contingent Payment").
CIP primarily included Sulfide Project costs incurred following construction approval while non-producing properties included Sulfide Project costs incurred prior to construction approval but for which there was a high degree of confidence of future economic benefits.
For purposes of financing in part the development by the Borrower of the Sulfide Project (referred to in the Master Participation Agreement referred to below), the Borrower is entering into various loan and credit agreements, including this Agreement, setting out the terms upon which financing is to be provided for such development.
Prior to June 1, 2019, CIP and non-producing properties primarily included amounts capitalized related to the Sulfide Project.
Based on the foregoing, KfW is prepared, on the terms and subject to the conditions set forth herein and in the other Financing Documents, to make Loans to the Borrower that constitute Loans in an aggregate principal amount up to US$22,500,000 for the purchase of equipment and services delivered by the Exporter under the Export Contracts in connection with the development of the Sulfide Project.
The Borrower represents and warrants that except as disclosed in Annex I, as of the date hereof and as of the Closing Date, the construction activities conducted in connection with the Sulfide Project and the operations and properties of the Borrower are in compliance with the JBIC Environmental Guidelines, except for any immaterial issues of non-compliance of which the Borrower is not specifically aware and as to which no remedial action has been requested by any applicable Governmental Authority.
Contingent consideration In addition to the deferred consideration on the sale of Prestea, a contingent payment of up to $40 million may become payable by FGR to Golden Star conditional upon the occurrence of the milestones set out hereinafter in respect of the development of the Bogoso Sulfide Project (the “Contingent Payment”).
Subject to Section 12.10 of the Master Participation Agreement and the generally applicable procedures of KfW in respect of confidential commercial information, KfW shall be entitled to give information relating to the Sulfide Project and to the KfW Loan Agreement to representatives of the Federal Republic of Germany having any responsibility in connection with the HERMES Guarantee and its representatives and advisors.
Abandonment or Total Loss of the Sulfide Project or Current Operations shall have occurred.