GFI-SA definition

GFI-SA means GFI Mining South Africa Limited (Registration No. 2002/031431/06) a public company duly incorporated according to the company laws of South Africa, which is to be converted to a private company;
View Source

Examples of GFI-SA in a sentence

  • Save as set out herein the GFI-SA Loan Agreement remains of full force and effect.

  • SA shall allow any Encumbrance to be created or to exist over any of its property, assets or revenues as security for any of the obligations of GFI or and other member of the GFL Group (which is not also a subsidiary of GFI-SA).

  • Each of the events set out in this clause 20.1 (Events of Default) is an Event of Default (whether or not caused by any reason whatsoever outside the control of GFI-SA or GFL or any other person).

  • GFI-SA shall apply the Loan Amount solely for the purpose of funding in part the acquisitions pursuant to the Reorganisation Agreement.

  • GFI-SA shall, with effect from the Effective Date, indemnify and hold GFL and each of its Affiliates and its and their respective directors, employees and officers harmless from and against any and all claims, losses, damages or expenses of whatsoever nature or howsoever arising which GFL or any of its Affiliates or its or their respective directors, employees or officers may suffer or incur as a result of any act or omission of West Driefontein before or after the Effective Date.

  • GFI-SA shall promptly, on demand, pay the Senior Agent the amount of all costs and expenses (including legal fees on the attorney and own client scale) reasonably and necessarily incurred by the Senior Agent or Mvela Gold in connection with any amendment, variation, supplement, replacement, novation, waiver or consent in relation to any Transaction Document requested by any GFL Obligor.

  • GFI-SA hereby undertakes not to provide any guarantee, suretyship, undertaking, commitment or any other similar or like assurance in respect of any of the obligations of GFI or any other member of the GFL Group (which is not also a subsidiary of GFI-SA) and neither shall GFI-SA allow any Encumbrance to be created or to exist over any of its property, assets or revenues as security for any of the obligations of GFI or any other member of the GFL Group (which is not also a subsidiary of GFI-SA).

  • GFI-SA shall on the Advance Date pay a structuring fee to Barclays and RMB (in the ratio of 50:50), calculated as the amount which is 0,25% (zero comma two five percent) of the amount advanced in terms of the Senior Loan Agreement plus VAT against delivery to GFI-SA of a tax invoice(s).

  • This document constitutes the Loan Supplement contemplated by the GFI-SA Loan Agreement ("the Loan Agreement") dated [INSERT] 2003 entered into between inter alia Lexshell 579 Investments (Proprietary) Limited, GFI Mining South Africa Limited and FirstRand Bank Limited (acting through its Rand Merchant Bank division).

  • Attached hereto are a true copy of the minutes of meetings of the respective Board of Directors of GFI-SA and each Guarantor duly convened and held recording resolutions passed at such meeting (which resolutions are in full force and effect and have not been rescinded or varied and which approve the execution and performance by GFI-SA and each Guarantor of the Transaction Documents to which it is a party and all transactions contemplated thereby.

Related to GFI-SA

  • Oil sands means impregnated bituminous sands that:

  • Gram Sabha means a body consisting of persons registered in the electoral rolls relating to a village comprised within the area of Panchayat at the village level;

  • PPB is the lump sum present value of the pension benefits (whether or not vested) that would be payable under the Pension Plans in the form of a straight life annuity beginning at the earliest date permitted under the Pension Plans, computed on the basis that the Executive’s actual age at termination of employment is his attained age as of his last birthday that would occur during the Remaining Unexpired Employment Period, that his service for benefit accrual purposes under the Pension Plans is equal to the aggregate of his actual service plus the Remaining Unexpired Employment Period, that his average compensation figure used in determining his accrued benefit is equal to the highest annual rate of salary achieved by the Executive during the period of three (3) years ending immediately prior to the date of termination, that the Executive’s life expectancy at the earliest date on which payments under the Pension Plans could begin is the Assumed Life Expectancy and that the interest rate assumption used is equal to the 30-Year Treasury Rate. The Pension Severance Payment shall be made within five (5) business days after the Executive’s termination of employment and shall be in lieu of any claim to any actual increase in his accrued benefit in the Pension Plans in respect of the Remaining Unexpired Employment Period;

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • TMA means the Taxes Management ▇▇▇ ▇▇▇▇;