Examples of El Dorado Property in a sentence
Annually, assessment installments are levied and placed on the County of El Dorado Property Tax Rolls.
Furthermore, current working capital balances are not sufficient to fund significant development activities such as the construction of an underground access/haulage ramp at the El Dorado Property.
Without limitation of Collateral Agent’s rights under Section 5 below and without regard to documentation required to be delivered in connection with any Disbursement Request under Section 2(b) above, Collateral Agent acknowledges that its prior receipt of any other requested supporting documentation shall not be a condition precedent to the disbursement of El Dorado Property Insurance Proceeds in response to a Disbursement Request pursuant to Section 2(b) above.
For the avoidance of doubt, the El Dorado Property Insurance Proceeds do not include business interruption insurance proceeds payable under EDCC’s business interruption insurance coverage, which shall not be governed by the terms of this Amendment but shall instead be paid directly to EDCC pursuant to Section 1.05 of the El Dorado Mortgage so long as no Event of Default has occurred and continues to exist.
If any Loan Party receives any El Dorado Property Insurance Proceeds, other than from Collateral Agent in connection with a Disbursement Request, such Loan Party shall be deemed to hold such funds in trust for Collateral Agent and immediately transfer such funds to Collateral Agent to be held in accordance with the terms of this Amendment.
The Company intends to focus the exploration program on the El Dorado Property on drill testing new gold targets defined over the past 12 months as well as completing definition drilling of the South Minita gold zone immediately south of the Minita deposit portion of the El Dorado Property.
The terms of this Amendment shall be deemed to supplement, amend and modify the terms of the Term Loan Agreement with regard to the Project and use of the El Dorado Property Insurance Proceeds therefor, and to the extent of any conflict or inconsistency between the terms of this Amendment and the Term Loan Agreement or other Loan Documents in connection therewith, the terms of this Amendment shall govern and control.
Furthermore, current working capital balances are not sufficient to fund significant development or construction activities at the El Dorado Property, should the Company receive the permits necessary to commence such activities.
EDCC shall use El Dorado Property Insurance Proceeds disbursed to it hereunder solely for the payment or reimbursement to itself of Eligible Costs.
Under the terms of the El Dorado Mortgage, all El Dorado Property Insurance Proceeds are required to be paid directly to Collateral Agent for the benefit of the Lenders who may, among other things, apply such funds in payment and satisfaction, or hold such funds as security for the payment and performance, of the Secured Obligations (as defined in the El Dorado Mortgage).