BBMI definition

BBMI shall have the meaning set forth in Section 2.3.
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BBMI means Bapo Ba Mogale Investments NPC, the investment arm / vehicle of the Bapo Traditional Community, which is also the Target Firm’s BBBEE partner;
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Examples of BBMI in a sentence

  • The Lenders further recognize that, subject to the terms and conditions of the License Agreement, if the Company becomes unable to manufacture the System, BBMI has certain rights to manufacture or have manufactured that System so long as it continues to meet its revenue sharing obligations (pursuant to the License Agreement) to the Company or its successor(s) or assign(s).

  • In that regard, the Lenders covenant and agree to (i) take, or cause to be taken, any further action (including, without limitation, executing and delivering agreements, documents and instruments) that BBMI may reasonably request from time to time to further evidence and confirm the acknowledgments and agreements of the Lenders herein and (ii) provide BBMI with prompt written notice of any default by the Company under the Loan Documents (unless the default is waived by the Lenders).

  • BBMI is relying upon the undisturbed and uninterrupted possession of the rights and interests granted to it by the Company under the License Agreement.

  • The Lenders jointly and severally represent and warrant to BBMI that: (i) this letter agreement constitutes the valid and binding obligation of the Lenders, legally enforceable against it in accordance with its terms; and (ii) the execution and delivery of, and performance under, this letter agreement will not violate any contract, agreement or arrangement to which either Lender is a party or by which either Lender is bound.

  • The Lenders recognize and acknowledge that BBMI would not enter into the License Agreement or any related transaction described therein with the Company unless the Lenders provided to BBMI the acknowledgments and agreements herein.