Summit definition
Examples of Summit in a sentence
The results of these programs would have considerable bearing on Longford’s decision to make any further payments to Columbia Summit.
Following completion of the Liaz Acquisition, it is anticipated that Longford would be able to issue Columbia Summit the initial tranche of US$50,000 worth of Longford shares under its LR 7.1 15% Placement capacity, without needing to seek shareholder approval.
If Longford’s Shareholders approve the Liaz Acquisition, Xxxxxxxx would be required to meet all of the obligations under the Columbia Mine Lease, with the exception of the initial US$40,000 cash payment due to Columbia Summit, which will be paid from Xxxx’s current cash reserves (prior to Longford’s Shareholder meeting on 27 October 2017).
Except as would not, individually or in the aggregate, reasonably be expected to result in a Summit Material Adverse Effect, no member of the Summit Companies is in breach of or default under, and, to the Knowledge of Buyer, there is no event or circumstance that constitutes or, with notice or lapse of time or both would constitute, a breach of or event of default under the terms of any SMC Material Contract.
Except as would not, individually or in the aggregate, reasonably be expected to result in a Summit Material Adverse Effect, all of the SMC Material Contracts are in full force and effect, except as such enforceability may be limited by Creditors’ Rights, and, to the Knowledge of Buyer, no counterparty to any SMC Material Contract is in default under the terms of such SMC Material Contract.