ABFG definition

ABFG shall pay $185,000.00 USD plus 15% total value of the new equipment for upgrade and the cost of shipping and clearance to Madagascar.

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ABFG shall bear responsibility (until the "Company" is in a financial position to pay for same itself which for the purpose of this Agreement will be January 1, 2000 unless otherwise directed by the parties) for all the "Company" normal costs, as determined by the "Company" budget prepared by the "Company" Board of Directors and approved by both parties hereto (subject to Arbitration as hereinafter provided) with one half (1/2) of said costs to be reimbursed "ABFG" by "Dove" pursuant to paragraph 4 herein.

ABFG shall bear total responsibility for payment of all "Company" costs, as approved by the Board of Directors during the "Mandatory Stock Inventory" Period with "Dove" reimbursing "ABFG" for it's share of the costs as hereinafter provided.

Examples of ABFG in a sentence

ABFG has been contracted to supply personnel for AMERICAN BENEFITS GROUP, INC.'s mining projects initially in the Democratic Republic of Madagascar but which could, in the future, expand to other countries in Africa and/or Asia, AND WHEREAS ABFG requires April to supply ABFG with" supervisory personnel" to fulfill that specific aspect of ABFG's agreement with AMERICAN BENEFITS GROUP, INC..
ABFG" is a shareholder in a number of companies who are engaged, among other corporate activities, in mining activities in Madagascar.
AND WHEREAS April is desirous of supplying ABFG with said "supervisory personnel" pursuant to the terms hereinafter recited.
IN NO EVENT WILL ENTITY DATA’S LIABILITY FOR ANY DAMAGES ARISING OUT OF OR RELATED TO THESE TERMS AND CONDITIONS OR RELATED TO THE HOSTING PARTNER PROGRAM, WHETHER IN CONTRACT, TORT, OR OTHERWISE, EXCEED THE AGGREGATE AMOUNTS PAID OR PAYABLE TO PARTNER UNDER THIS AGREEMENT DURING THE THREE MONTH PERIOD IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO SUCH LIABILITY.

More Definitions of ABFG

ABFG shall provide "Dove" with rough sapphire for processing on monthly basis up and above the capacity of Dove factory. "Dove" will process the sapphires according to the international standard and will invoice "ABFG" according to the existing market rates for the quality of work performed. "ABFG" will clear "Dove" invoices within 7 days from the invoice date. In the event "ABFG" fails to supply sufficient quantity of sapphire to "Dove" upon 7 days "Dove" shall have the right to receive rough stone from "Dove" share of the production in stock.

ABFG affiliate to provide transportation, an "ABFG" affiliate to provide security and April Mining Ltd., even though April is not an affiliate of "ABFG", to provide labor services to the mine site.

ABFG shall comply within SEVEN (7) DAYS from the date of executed copy of this memorandum of understanding.

ABFG agrees to advance the salaries, and operating costs associated to Dove personnel to "Dove" for the duration of the six months "Mandatory Stock Inventory" period. In the event the parties agree to extend the "Mandatory Stock Inventory" period behind the original six months to a new term period, "ABFG" will continue to advance for mentioned costs to "Dove". In the event parties decide to extend the "Mandatory Stock Inventory" period behind 1/1/2000, the parties each and individually reserve the right to remove up to 15% of their production share from the stock inventory each month.

ABFG address for services shall be in care of it's Canadian subsidiary at 900, ▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇.▇., ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇.

ABFG fails to supply sufficient quantity of sapphire to "Dove" upon 7 days "Dove" shall have the right to receive rough stone from "Dove" share of the production in stock.

ABFG shall cause to be prepared and delivered to "Dove" at Doves address for Service contained herein an Agreement containing the terms contained herein together with such other terms as would be customary in such an Agreement and "Dove" shall, within SEVEN (7) DAYS of it's receipt of said Agreement return to "ABFG" it's comments respecting same after which "ABFG" has SEVEN (7) FURTHER DAYS in which to respond to "Dove" comments with "Dove" final comments to be received by "ABFG" within a final SEVEN (7) DAY period after which any issue not resolved by the parties shall be referred to Arbitration it being agreed that once the party's have reached an Agreement that "ABFG" shall prepare the Final Agreement with SEVEN (7) DAYS of final agreement and that "Dove" shall cause a fully executed copy of the Agreement to be received by "ABFG" within SEVEN (7) DAYS thereafter. "ABFG"shall comply within SEVEN (7) DAYS from the date of executed copy of this memorandum of understanding.