CORFO definition

CORFO means Corporación de Fomento de la Producción.

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CORFO s Legislation” means the Borrower’s Law No. 6640 published in the Borrower’s Official Gazette on January 10, 1941 and its regulations set forth in the Borrower’s Decree No. 360 published in the Borrower’s Official Gazette on May 15, 1945 and the norms set forth in Decree No. 211 published in the Borrower’s Official Gazette on May 15, 1945, all as amended to the Signature Date of this Agreement.

CORFO means Corporación de Fomento de la Producción, and other Entity that succeeds or replaces it. "Retained Receivables" as of a given date, means the sum of the balances of the accounts receivable classified as "Retained Receivables" in Exhibit 9 in the Reference Balance Sheet, or as the case may be, the consolidated financial statements of SQM Salar used for the respective calculation. "Tax Returns" means any returns, including monthly and annual tax returns, affidavits, reports, applications for refunds, information returns, forms and other documents of a similar nature relating to Taxes required to be filed under Chilean Law, including any schedules or amendments thereto, such as tax returns required to be filed under Foreign Law. “Material Representations and Warranties" means, with respect to the SQM Party, the representations and warranties contained in Sections 11.1 (Existence of SQM and SQMK), 11.2 (Subscription, execution and enforceability), 11.4 (Existence of SQM Salar and Business Subsidiaries), 11.5 (Ownership of SQM Salar Shares; Subsidiaries), and 11.26 (Anti-Corruption), and with respect to the CODELCO Party, the representations and warranties contained in Sections 12.1 (Existence of CODELCO), 12.2 (Subscription, execution and enforceability), 12.4 (Existence of SDC and Tarar), 12.5 (Ownership of ▇▇▇▇▇ ▇▇▇▇▇▇) and 12.13 (Anti-Corruption). "Debt", as of a given date, means the sum of the balances of the accounts classified as "Debt" in Exhibit 9 in the Reference Balance Sheet, or if applicable, the consolidated financial statements of SQM Salar used for the respective calculation. "Business Day" means any day of the week, excluding Saturday, Sunday and days on which commercial banks in Santiago are required or authorized to close and not serve the public. "Official Gazette" means the Official Gazette of the Republic of Chile. “Board of Directors" means the board of directors of SQM Salar and then of the Operating Company. "Know-How Documentation" means any manual, protocol, instruction, list of specifications, procedure, report, database, report, and in general, any document in any type of support or format, whether in magnetic form, paper or any other medium, in which the Know-How is recorded and exists as of the Effective Date of the Joint Venture.

Examples of CORFO in a sentence

Any modification to such drafts shall be agreed upon by both Parties and CORFO.
If these additional 135,000 metric tons of LCE are produced, either totally or partially, the benefit will be distributed between the shareholders in proportion to their shareholdings in the Operating Company, and (b) waives the right to exercise the purchase options it has under the CORFO-SQM Contracts for certain SQM assets in the Salar de Atacama, without prejudice to the option that CORFO maintains under the CORFO-Tarar Contracts.
If the Company deems it appropriate, it may send its opinion on the final report to the Public-Private Council of the Non-Metallic Mining Committee, which will publish on its website the CORFO report and the Company’s opinion, as well as any opinion of third parties with an interest in the subject.
In addition, the Company shall collaborate permanently by providing CORFO with the relevant studies that have been carried out to comply with the obligations imposed by the Agreement in this matter free of charge, and other technical, productive, geological, hydrogeological and environmental information that is necessary to adequately understand the information provided by regular monitoring, providing the necessary facilities so that CORFO has expeditious access to such information.
The operational continuity of the exploitation of the Concessions must be prioritized, to avoid the loss or delay of income to CORFO and the Chilean State, or its loss of competitiveness or presence in international lithium markets.
By deed dated November 29, 2012, the Company executed a unilateral agent declaration, whereby it transferred to CORFO the ▇▇▇ and Salar Properties, which had been established by the Company in the area comprising the Properties.
The CORFO-Tarar Contracts will not terminate, nor will they entitle CORFO to request their termination by the Merger of Tarar into SQM Salar.
MILESTONE 18 IN 2022, INRIA WILL PRESENT TO ITS BOARD OF DIRECTORS A SUSTAINABLE STRATEGIC DEVELOPMENT SCENARIO FOR INRIA CHILE, DEVISED JOINTLY WITH ITS CHILEAN PARTNERS, FIRST AND FOREMOST CORFO.
When making Subloans to finance Leasing Subprojects, CORFO shall auction the right to receive a Subloan under procedures, satisfactory to the Bank, and which shall include, inter alia, those set forth in this Section.
The Borrower or CORFO fails to pay when due (whether at stated maturity or otherwise) any Obligation under the Financing Documents, including principal of, or interest on, the Loan or any payment obligation under the Participation Agreement.

More Definitions of CORFO

CORFO means Corporación de Fomento de la Producción. 5 SQM - Corfo Lease Agreement

CORFO means Corporación de Fomento de la Producción, and other Entity that succeeds or replaces it.

CORFO s ESMS” means CORFO’s environmental and social management system, referred to in Section I.F.4 of Schedule 2 to this Agreement, for identifying, assessing, managing and monitoring the environmental and social risks and impacts of all the Green Hydrogen Sub-projects supported under Part 1 of the Project, in accordance with the Environmental and Social Standards, and the ESCP, as said CORFO’s ESMS may be revised from time to time, with prior written agreement of the Bank.

CORFO means Corporación de Fomento de la Producción, the Chilean Economic Development Agency established pursuant to CORFO’s Legislation. CORFO is the Project Implementing Entity for purposes of the General Conditions.