Jamalco definition

Jamalco means the Group’s investment in a bauxite mining and alumina production joint venture with Clarendon Alumina Production Limited, including, but not limited to: (a) the shares in General Alumina Jamaica LLC and the rights of NRIPL in certain alumina and other contracts relating to that investment; and (b) such other rights, cash flows and assets relating to that investment as agreed between the Ad Hoc Group and the Company prior to the Restructuring Effective Date.

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Jamalco means the unincorporated joint venture between Alcoa Minerals of Jamaica, L.L.C., a Delaware limited liability company, and Clarendon Alumina Production Limited, a Jamaican corporation.

Jamalco means the Group’s joint venture with Clarendon Alumina Production which focuses on bauxite mining and alumina production, including the benefit of all related alumina contractual arrangements and cashflows.

Examples of Jamalco in a sentence

• The intellectual property rights of each Jamalco Recipient and the Jamalco Joint Venture arising in connection with the Jamalco Services shall at all times remain the sole property of, or vest in, that Jamalco Recipient or the Jamalco Joint Venture, as applicable.

• The Manager shall, within 14 business days of receipt of any Jamalco Executive Committee papers from the Jamalco management, provide such papers to the SRC.

• The Manager will not be liable for any failure to provide, or delay in providing, a Jamalco Service to the extent that the failure or delay is caused by a failure of a Jamalco Recipient to comply with the information and access obligation detailed above, other than where such delay is caused by the actions of employees of the Manager acting under the direction or control of the Manager (unless such employees are restrained from acting pursuant to law or any third party arrangements).

• NRIPL has entered into, and enters into from time to time, sales contracts in respect of the sale of alumina cargoes sourced by it from the Jamalco Refinery with third party purchasers (the “NRIPL On-Sale Agreements”).

• In addition to the Fees, the Manager shall be entitled to reimbursement by Asset Co of all out-of-pocket third party costs and expenses reasonably and properly incurred by the Manager in connection with providing the Jamalco Services (“Reimbursable Costs”).

• Payments from the Jamalco Collection Account must be made in accordance with a payment waterfall (see “Jamalco Collection Account” below).

• Through the Offtake Agreements NRIPL offtakes 100% of the alumina 234 production of the Jamalco Refinery.

• The Manager must use its reasonable endeavours to keep adequate accounts, documents and records to the extent reasonably required by Asset Co in respect of the Jamalco Services and in sufficient detail to enable the Manager’s compliance with the MSA to be determined.

• Deposits into, and withdrawals from, the Jamalco Collection Account will be governed by a Cash Management Agreement.

• Co and netting arrangements Pursuant to the terms of the GRTA, each of NRIPL and NRL will be required to deposit an amount equal to the Noble Rights Receivables (net of any permitted deductions described in “Jamalco Collection Account” below) into the Jamalco Collection Account on the date on which such entity receives those Noble Rights Receivables (the “GRTA Payment Obligations”).

More Definitions of Jamalco

Jamalco has the meaning given to that term in Schedule 2 (Restructuring Terms).

Jamalco the collective reference to General Alumina Jamaica LLC, a Delaware limited liability company, and Clarendon Alumina Production Limited, a Jamaica limited company.

Jamalco means, collectively, General Alumina Jamaica LLC, a Delaware limited liability company, and Clarendon Alumina Production Limited, a company incorporated under the laws of Jamaica.

Jamalco means New Noble’s (or AssetCo’s, as applicable) direct or indirect investment in the Jamalco Refinery, including, but not limited to the shares in GAJ and GAJ Inc. and the rights of NRIPL in certain alumina and other contracts relating to that investment.

Jamalco means the Group’s investment in a bauxite mining and alumina production joint venture with Clarendon Alumina Production Limited, including, but not limited to: (a) the shares in General Alumina Jamaica LLC and the rights of NRIPL in certain alumina and other contracts relating to that investment; and

Jamalco means the Group’s investment in a bauxite mining and alumina production joint venture with Clarendon Alumina Production Limited, including, but not limited to: (a) the shares in General Alumina Jamaica LLC and the rights of Noble Resources International Pte Ltd, a wholly owned subsidiary of the Company, in certain alumina and other contracts relating to that investment; and (b) such other rights, cash flows and assets relating to that investment as agreed between the Ad Hoc Group and the Company prior to the Restructuring Effective Date.