Eyesizwe definition

Eyesizwe means ▇▇▇▇▇▇▇ Investments (Proprietary) Limited, Registration Number 2001/028420/07, a company incorporated in the RSA, to be renamed "Eyesizwe Gold (Proprietary) Limited" or such other name as the RSA Registrar of Companies may permit, which will act as Southgold's Black Economic Empowerment Partner and which will acquire a 20% participation right in the Burnstone Gold Project and may increase its participation in certain circumstances substantially on the terms and conditions of the draft agreement annexed hereto as Schedule 1 (and failing Eyesizwe, any other qualifying Black Economic Empowerment Partner for Southgold agreed upon by GBG, the Southgold Shareholders and Southgold);
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Examples of Eyesizwe in a sentence

  • The Burnstone Gold Project will be managed from the Signature Date until 31 January 2004 or later as contemplated in 4.2 by agreement between GBG, Southgold and Eyesizwe, as parties to the Management Agreement, such Management Agreement to be on the terms set forth in Schedule 8.

  • The consideration to be paid by Eyesizwe on completion of the Bankable Feasibility Study will be not less than ZAR15 000 000,00 or 20% of the net present value of the Burnstone Gold Project determined by applying a discount rate of 9%, the resulting net present value being discounted by 80%, up to a maximum of ZAR22 500 000,00.

Related to Eyesizwe

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

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  • hostel means a place of residence for the students of the University, or its colleges, institutions and study centers, established or recognized to be as such by the University;

  • SWDocID [[6027980]]" "" [[6027980]] certificates actually delivered to it representing securities pledged under the Collateral Agreement or to file UCC continuation statements, (B) such loss is covered by a lender’s title insurance policy and the Administrative Agent shall be reasonably satisfied with the credit of such insurer or (C) any such loss of validity, perfection or priority is the result of any failure by the Administrative Agent to take any action necessary to secure the validity, perfection or priority of the liens, or (iii) the Guarantees pursuant to the Security Documents by any of the Loan Parties of any of the Secured Obligations shall cease to be in full force and effect (other than in accordance with the terms thereof), or shall be asserted in writing by any of the Loan Parties not to be in effect or not to be legal, valid and binding obligations; then, and in every such event (other than an event with respect to the Borrower described in paragraph (h) or (i) above), and at any time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Borrower, take any or all of the following actions, at the same or different times: (i) terminate forthwith the Commitments, (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all other Secured Obligations of the Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding and (iii) demand cash collateral pursuant to Section 2.05(j); and in any event with respect to the Borrower described in paragraph (h) or (i) above, the Commitments shall automatically terminate, the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other Secured Obligations of the Borrower accrued hereunder and under any other Loan Document, shall automatically become due and payable and the Administrative Agent shall be deemed to have made a demand for cash collateral to the full extent permitted under Section 2.05(j), without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at the request of the Required Lenders shall, exercise any rights and remedies provided to the Administrative Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC.

  • Tabarru ” means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.