Abandonment Default. The Company shall have ceased to carry on its business; or the Project shall have been abandoned by the Company; or, following the Project Completion Date, the operation of the Project shall have been interrupted for a period in excess of 90 Omolon - 70 - OPIC Finance Agreement consecutive days or any periods in the aggregate in excess of 120 days during any period of 12 consecutive months.
Appears in 2 contracts
Sources: Finance Agreement (Amax Gold Inc), Finance Agreement (Amax Gold Inc)
Abandonment Default. The Company shall have ceased to carry on its business; or the Project shall have been abandoned by the Company; or, following the Project Completion Date, the operation of the Project shall have been interrupted for a period in excess of 90 Omolon - 70 - OPIC Finance Agreement consecutive days or any periods in the aggregate in excess of 120 days during any period of 12 consecutive months.
Appears in 2 contracts
Sources: Loan Agreement (Amax Gold Inc), Loan Agreement (Amax Gold Inc)
Abandonment Default. The Company shall have ceased to carry on its business; or the Project shall have been abandoned by the Company; or, following the Project Completion Date, or the operation of the Project shall have been interrupted for a period in excess of 90 Omolon - 70 - OPIC Finance Agreement consecutive days or any periods in the aggregate in excess of 120 days during any period of 12 consecutive months.
Appears in 1 contract
Sources: Loan Agreement (Kinam Gold Inc)