Heads of Agreement. (HoA) means the agreement between the Australian Manufacturing Workers Union, Electrical Trades Union, Construction Forestry Mining & Energy Union, Communications, Electrical Plumbing Union and Victorian Hospitals’ Industrial Association (on behalf of the employers listed in Attachment 1 of this Agreement) dated 21 May 2009.
Heads of Agreement. A Heads of Agreement is contained in Appendix A for a progression pay structure.
Heads of Agreement. 2.3 Should the market conditions of product result in there being no margin to be resulted by either party, either party has the right to cancel the agreement with 90 days notice.
Heads of Agreement. The Heads of Agreement shall not have been terminated in writing by any party thereto, unless the Heads of Agreement shall have been superseded by definitive documentation with respect to the Joint Venture.
Heads of Agreement. 8.8 On and from the Commencement Date, this Agreement will replace the Heads of Agreement except to the extent specified in Clause 8.14.
Heads of Agreement. The parties hereby agree that (i) the “Executive Chairperson Resignation Condition” and the “Implementation Condition” (in each case as defined in the Heads of Agreement) have been satisfied and (ii) there are no Definitive Documents (as such term is defined in the Heads of Agreement) beyond the Heads of Agreement and this Agreement. The parties hereby further agree that (i) Section 6 of Part C of the Heads of Agreement is deleted in its entirety, (ii) Section 8 of Part C of the Heads of Agreement is hereby amended and restated to match Section 4.12(b) of this Agreement (mutatis mutandis) and (iii) Section 2 of Part C of the Heads of Agreement is hereby amended and restated as follows:
Heads of Agreement. Heads of Agree ------------------ ment" shall mean the Heads of Agreement dated as of March 24, 1993, among A-B, A-BI, G-Modelo, Diblo and certain Controlling Shareholders.
Heads of Agreement. Buyer and Seller shall have entered into such other definitive agreements as either party deems reasonably necessary to implement all of the agreements and transactions contemplated by the Heads of Agreement dated as of even date herewith, by and between Buyer and Seller.
Heads of Agreement. Each of OmniSky, Holdings and News hereby reconfirms its respective rights and obligations under Sections 2.8 (Content Access), 2.9 (Content Position), 2.13 (OMS Directorship) (except that: (i) the commitment to spend $30 million referred to in Section 2.13(c) of the Heads of Agreement shall be spread over the five-year period commencing on the first anniversary of the Closing Date, (ii) any advertisements purchased by Affiliates of OmniSky, or, subject to the following proviso, business partners of OmniSky, from News or its Affiliates which contain a reference to or endorsement of OmniSky or its service offering shall be credited toward the $30 million referenced in clause (i) above; provided, however, that, in the case of business partners of OmniSky, no such credit shall be made without News's prior consent, which shall not be unreasonably denied, and (iii) the obligations of OmniSky set forth in Section 2.13(a) of the Heads of Agreement shall be subject to applicable laws and fiduciary duties of the board of directors of OmniSky) and 2.14 (News Services) of the Heads of Agreement, and agrees to use its respective commercially reasonable efforts to implement such provisions and to negotiate, execute and deliver all reasonably required documents, and do all other acts which may be reasonably required in connection therewith; provided, however, that Sections 2.8 (Content Access) and 2.13(a) (OMS Directorship) of the Heads of Agreement shall terminate upon an OmniSky Change of Control. Notwithstanding anything to the contrary in this Agreement or the Heads of Agreement, except for the aforementioned sections to the extent applicable to Holdings or News, neither News nor any of its Affiliates (including Holdings) shall have any further rights or obligations under the Heads of Agreement, including without limitation any right of News or Holdings to appoint the CFO or members of the Board of the LLC or any obligation to make additional contributions to the LLC.
Heads of Agreement. The Agreement provides a framework for both parties to negotiate a binding offtake agreement for the supply of up to 70% (approximately 25,000 tonnes) of the annual concentrate production from Stage 1 of Yangibana. The 10-year initial term would commence with the production of Stage 1 concentrate (from Q1 CY2025) that would be processed into MREC by a third party. It would continue until such a time as MREC is produced by Xxxxxxxx at Stage 2 of Yangibana, when the offtake agreement is expected to evolve to supply up to 10,000 tonnes per annum of MREC. Other key terms of the Agreement are: Prior to the commencement of operations at Hastings’ planned Stage 2 hydrometallurgical plant in Onslow WA, Neo and Hastings will cooperate to arrange processing of the Stage 1 concentrate into MREC prior to delivery to Neo’s facilities; Pricing for the concentrate would be determined using a mutually agreed formula based on the Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy) and Terbium (Tb) content in basket value, referencing an index publishing a representative Nd, Pr, Dy and Tb price with regards to the Total Rare Earth Oxide (TREO) content of the delivered concentrate; and Toll treatment and third-party processing fees for the Stage 1 concentrate remain to be negotiated and will be applied as a set off against the payment to Xxxxxxxx. Xxxxxxxx and Xxx will work towards executing a binding offtake agreement by Q1 2024. In addition, both parties have also committed to cooperating to further evaluate joint downstream processing opportunities including the production of oxides, metals and alloys. Xxxxxxxx and Xxx expect to complete future studies to determine whether the end product demand justifies future production increases from the Yangibana mine. This report has been approved by Xxxxxxxx and Neo for release jointly to the ASX and TSX. ABOUT HASTINGS TECHNOLOGY METALS LIMITED Hastings Technology Metals Limited (ASX: HAS) is a Perth based rare earths company primed to become the world’s next producer of neodymium and praseodymium concentrate (NdPr). NdPr are vital components in the manufacture of permanent magnets used every day in advanced technology products ranging from electric vehicles to wind turbines, robotics, medical applications and digital devices. Hastings’ flagship Yangibana Rare Earths Project located in the Gascoyne and Pilbara regions of Western Australia, contains one of the most highly valued NdPr deposits in the world with NdPr:TREO ratio of up ...
