Examples of HWDLP in a sentence
There can be no assurance that the operator will continue its practice of posting letters of credit in fulfillment of this obligation, in which event HWDLP would be required to post its proportionate share of such security directly, which would result in additional constraints on liquidity.
The unrealized foreign exchange loss is not deductible for Canadian income tax purposes.During the twelve months ended January 31, 2010, the Company recorded a non-cash dilution loss of $34.8 million as a result of the investment by Kinross in HWDLP, which holds the Company’s 40% interest in the Diavik Diamond Mine.
The current year consolidated net loss includes a non-cash dilution loss of $34.8 million or $0.47 per share as a result of the investment by Kinross in HWDLP, which holds the Company’s 40% interest in the Diavik Diamond Mine.
HWDC shall procure that no substantial change is made to the general nature of the business of HWDC, HWDM, HWDLP, the Restricted Group or the Diavik Joint Venture from that carried on at the date of this Agreement.
This Agreement shall terminate upon the earliest to occur of (i) written confirmation by SCB of irrevocable repayment and performance in full of all indebtedness, liabilities and obligations of every kind, nature and description (whether direct or indirect, joint or several, absolute or contingent, matured or unmatured) of the Obligors or any of them under the Finance Documents; and (ii) a transfer by Kinross of all of its interest in HWDLP and HWDM to the HW Group.
No consent of the Obligors or HWDLP shall be necessary to any amendment to the terms hereof.
HWDLP anticipates its share of this funding requirement will be approximately $0.2 million for calendar 2011.
During the first quarter, the Company recorded a non-cash dilution loss of $34.2 million as a result of the investment by Kinross in HWDLP, which holds the Company's 40% interest in the Diavik Diamond Mine.
Consolidated net loss for the quarter included a non-cash dilution loss of $34.2 million or $0.52 per share as a result of the investment by Kinross Gold Corporation in HWDLP, which holds the Company's 40% interest in the Diavik Diamond Mine.
The purchase price for Kinross’s 22.5% interest in HWDLP was satisfied by the payment of $50.0 million in cash, the issuance to Kinross of approximately 7.1 million Harry Winston Diamond Corporation shares from treasury and the issuance to Kinross of a promissory note in the amount of $70.0 million, maturing on August 25, 2011.