Big Chunk definition
Examples of Big Chunk in a sentence
As of the Closing Date, the Company’s only Subsidiary is Big Chunk Corp., an Alaska corporation, which is wholly-owned by the Company.
Liberty Star owns two common shares in the capital of Big Chunk Corp., representing 100% of the outstanding equity and rights to receive equity of Big Chunk Corp.
This Guaranty (the “Guaranty”), dated as of August 14, 2009, is entered into by Big Chunk Corp., an Alaska corporation (“Guarantor”), for the benefit of the Collateral Agent identified below and the parties identified on Schedule A hereto (each a “Lender” and collectively, the “Lenders”).
Big Chunk is the legal and beneficial owner of the Alaska Star Mineral Claims free and clear of all liens, charges, encumbrances and security interests.
Neither Liberty Star Nevada nor Big Chunk has entered into any agreement with either of the Principal Shareholders or Alaska Star Minerals or any entity controlled by any of such persons.
Liberty Star Nevada does not have any subsidiaries other than Big Chunk.
Each of Liberty Star Nevada and Big Chunk has operated in material compliance with all laws, rules, statutes, ordinances, orders and regulations applicable to its business.
Each of Liberty Star Nevada and Big Chunk is duly qualified to do business and is in good standing as a foreign corporation in each of the jurisdictions in which it owns property, leases property, does business, or is otherwise required to do so, where the failure to be so qualified would have a material adverse effect on the business of Liberty Star Nevada or Big Chunk taken as a whole.
Neither Big Chunk nor Liberty Star Nevada has entered into any agreement regarding any sale, lease, assignment or option of the Alaska Star Mineral Claims.
Neither Big Chunk nor Liberty Star Nevada have done anything to encumber or prejudice the Alaska Star Mineral Claims.