Fomicruz definition
Examples of Fomicruz in a sentence
Cerro Cazador S.A. accepts that Fomicruz S.E. may choose, upon completion of the final feasibility study, to purchase up to a 49% interest in the future Corporation in accordance with the stipulations of Article 25 of these Bidding Terms and Conditions, reimbursing Cerro Cazador S.A. 2.5 times the proportional amount of investments the documented and executed during the Complementary Exploration Period.
During the investment process, any amendment that CCSA considers and justifies should be made to said Exploration Program must be submitted for consideration to Fomicruz S.E., but in no event may any such amendment reduce the amount of the agreed investments.
Cerro Cazador S.A. shall grant Fomicruz S.E. an additional 2.5% over that specified above as a percentage share of profits.
In the event of a breach hereof, Fomicruz S.E. shall automatically assume ownership of any new right, or any which CCSA might obtain through the breach of the obligation contained in this subsection.