Definition of B.C. Indebtedness


B.C. Indebtedness means the indebtedness of the Corporation to Nevadaco in the amount of approximately $10,800,000 U.S., with the exact amount to be confirmed by the parties hereto;
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Examples of B.C. Indebtedness in a sentence

Nevadaco hereby cancels that portion of the B.C. Indebtedness which remains outstanding after the reduction provided for in Section 4.1 and 4.2 above and Nevadaco represents and warrants to Investorco that it has no claims of any nature whatsoever against the Corporation and the Subsidiaries in respect of any matter arising before the date hereof.