SW Caymans definition

SW Caymans means Silver Wheaton (Caymans) Ltd., a company formed under the laws of the Cayman Islands and its successors and assigns.
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SW Caymans and "SW Luxembourg" in Section 1.1 of the Credit Agreement are hereby deleted in their entirety.
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Examples of SW Caymans in a sentence

  • On July 24, 2007, SW Caymans entered into an agreement to acquire 25% of the silver produced from Goldcorp’s Peñasquito project in Mexico for the life of mine, for an upfront cash payment of $485 million.

  • SW Caymans operates in the Cayman Islands and is subject to a statutory tax rate of nil%.

  • As the Company’s operating profit is derived from its subsidiary, SW Caymans, which is incorporated and operated in the Cayman Islands, the Company’s profits bear no income tax.

  • In addition, a per ounce cash payment of the lesser of $3.90 and the prevailing market price is due (subject to an inflationary adjustment commencing in 2010), for silver delivered under the contract.During June 2007, the Company began purchasing silver under the contract and during the year, SW Caymans purchased 0.9 million ounces of silver at a total cash cost of $3.90 per ounce, and sold it for an average price of $13.57 per ounce.

  • During 2007, SW Caymans purchased 1.8 million ounces (2006 – 1.6 million ounces) of silver under the contract at a total cash cost of $3.90 per ounce, and sold 1.8 million ounces (2006 – 1.7 million ounces) for an average price of $13.72 per ounce (2006 - $11.21 per ounce).

  • During 2007, SW Caymans purchased 3.4 million ounces (2006 – 2.9 million ounces) of silver at a total cash cost of $3.90 per ounce, and sold it for an average price of $13.38 per ounce (2006 - $12.48 per ounce).

  • On October 15, 2004, SW Caymans entered into an agreement (amended on March 30, 2006) to acquire all of the silver produced by Goldcorp’s Luismin mining operations in Mexico (owned at the date of the transaction) for a period of 25 years.

  • During 2007, SW Caymans purchased 6.9 million ounces (2006 – 9.0 million ounces) of silver at a total cash cost of $3.91 per ounce (2006 - $3.90 per ounce), and sold it for an average price of $13.35 per ounce (2006 - $11.57 per ounce).

  • On December 8, 2004, SW Caymans entered into an agreement to acquire all of the silver produced by Lundin Mining’s Zinkgruvan mining operations in Sweden (“Zinkgruvan”) for the life of mine.

  • In addition, a per ounce cash payment of the lesser of $3.96 and the prevailing market price is due (subject to an inflationary adjustment on December 8 each year).YAULIYACUOn March 23, 2006, SW Caymans entered into an agreement with Glencore International AG (“Glencore”) to acquire up to 4.75 million ounces of silver per year, for a period of 20 years, based on the production from Glencore’s Yauliyacu mining operations in Peru.

Related to SW Caymans

  • Per Share Cash Consideration has the meaning set forth in Section 3.01(a)(ii).

  • Cayman Companies Act means the Companies Act (As Revised) of the Cayman Islands.

  • Asia means Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Macau, Malaysia, New Zealand, Philippines, Singapore, Taiwan, and Thailand.

  • Excluded Capital Stock means:

  • Amalco Common Shares means common shares in the capital of Amalco;

  • BRRD II means Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC.

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • EP1 means the Exercise Price in effect immediately prior to such issue of Additional Shares of Common Stock;

  • Common Stock Deemed Outstanding means the number of shares of Common Stock actually outstanding (not including shares of Common Stock held in the treasury of the Company), plus (x) pursuant to Paragraph 4(b)(i) hereof, the maximum total number of shares of Common Stock issuable upon the exercise of Options, as of the date of such issuance or grant of such Options, if any, and (y) pursuant to Paragraph 4(b)(ii) hereof, the maximum total number of shares of Common Stock issuable upon conversion or exchange of Convertible Securities, as of the date of issuance of such Convertible Securities, if any.

  • Amalco means the corporation continuing from the Amalgamation;

  • Local Distribution Company or “LDC” means a Person licensed by the OEB as a “Distributor” in connection with a Distribution System.

  • X-ray tube means any electron tube which is designed to be used primarily for the production of X-rays.

  • Subco means 1102209 B.C. LTD., a corporation incorporated under the laws of the Province of British Columbia;

  • Amalco Shares means the common shares in the capital of Amalco;

  • collective investment scheme means any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable Persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.