BIBC definition
Examples of BIBC in a sentence
In the event of a Sub-Contractor performing any works in Cape Town, the Sub-Contractor hereby confirms that it is registered with the Building Industry Bargaining Council (“BIBC”) and it hereby indemnifies the Developer against any claims brought against the Developer by the BIBC in relation to the Sub-Contractor’s non-compliance with the BIBC Collective Agreement.
Neither payments of the BIBC Settlement Date Payment received by ABXFC from BIBC under the Barrick Notes nor amounts received by ABXFC under the Copper Swap Agreements will be paid to Holders of ABXFC Notes.
The amount of leave pay will be determined by reference to the amounts accumulated in the holiday fund of the BIBC to the credit of the employee.
Disciplinary procedures are governed by – the employer’s disciplinary code as annexed hereto marked “C”; or the standard disciplinary code published by the BIBC (delete whichever is not applicable).
Such supplemental indenture shall provide that each Joint Obligor (including the additional Joint Obligor) shall be an additional Guarantor under this Indenture and shall be liable, with respect to any amount due under the Guarantees, for such amount multiplied by the Joint Obligor Fraction in respect of such Joint Obligor and that BGC and BIBC shall be jointly and severally liable in full with respect to any amount due under the Guarantees.
All things necessary to make this Indenture a valid agreement of ABXFC, BIBC, BMC and BGC, in accordance with its terms, has been done.
Z5 Compliance with good labour practice The Contractor is registered with, and provides a Certificate of Compliance issued by, the Building Industry Bargaining Council (BIBC) in terms of clause 6A of the Collective Agreement as published in the Government Gazette No 25769 dated 28 November 2003.
BIBC and BGC will be jointly and severally liable for the obligations guaranteed under their Guarantees.
For U.S. federal income tax purposes, ABXFC shall treat the ABXFC Notes in a manner consistent with the U.S. federal income tax treatment of the ABXFC Notes as indebtedness of BIBC (and of the Joint Obligors to the extent of their obligations thereunder).
BIBC shall be deemed to have designated BMC as an additional Guarantor pursuant to this Section 1201 on the date hereof.