Examples of Binding Letter of Intent in a sentence
If the System issues a Binding Letter of Intent to Contract prior to Notice to Proceed, the Contractor may rely on the letter to prepare to start Work to the extent authorized by the letter and incur costs in preparation for performance of the Contract.
Start Work immediately upon execution of Contract or upon receipt of Binding Letter of Intent and complete Work in accordance with Contract Documents.
On 27 July 2021 the Company announced that it has entered into a Binding Letter of Intent (“LOI”) to amalgamate with a Canadian oil and gas company with existing production and an independently certified reserve report (the “Merger”).
With respect to the subject matter of this Agreement, this Agreement supersedes all previous contracts except the Binding Letter of Intent, and together with the Durable Power of Attorney Agreement, constitutes the entire Management Agreement between the parties.
The Company announced that effective, January 10, 2020, it entered into a Binding Letter of Intent (“LOI”) with Magellan Gold Corporation (“Magellan”) under which the Company has an option to acquire all of Magellan’s interest in its Silver District Project located in La Paz County, Arizona, USA.
In the event of any inconsistency between the statements in the body of this Agreement, the Binding Letter of Intent, the Confidentiality Agreement and the Company Disclosure Letter (other than an exception expressly set forth as such in the Company Disclosure Letter), the statements in the body of this Agreement will control.
This Agreement (together with the December 18, 1997 letter from Buyer to Seller also executed by Seller, which is hereby incorporated by reference, except to the extent superseded by the provisions of Section 3.1(b) above), replaces and supersedes in its entirety the Binding Letter of Intent dated November 3, 1997 previously entered into by the parties, and upon execution and delivery of this Agreement by the parties, the Binding Letter of Intent shall be terminated and shall no further force or effect.
This Agreement supersedes all prior agreements and understandings between the Parties with respect to the transaction or transactions contemplated by this Agreement, including, without limitation, the Binding Letter of Intent dated June 7, 2006 between the Parties.
This Agreement (including the Exhibits to this Agreement), the Binding Letter of Intent dated July 22, 2014, the Company Disclosure Letter, and the Confidentiality Agreement constitute the entire agreement among the parties with respect to the subject matter of this Agreement and supersede all other prior agreements and understandings, both written and oral, among the parties to this Agreement with respect to the subject matter of this Agreement.
In this grinding process, high alumina and agate spheres are used as grinding bodies and water.