KCCL definition
Examples of KCCL in a sentence
MFCB must use all reasonable commercial efforts to cause KCCL to keep and maintain or ensure that there are kept and maintained accurate books of account, records, reports, invoices, statements, and other documents as are reasonably necessary to verify and substantiate the amount of the Royalty payable for each Royalty Period and the payment of Interest.
For the purposes of this definition, in the case of any disposal of cobalt or other minerals by KCCL which is not at a sale on arms length commercial terms, KCCL will be taken to have received at the time at which that disposal took place proceeds of sale equal to the proceeds of sale which it would be reasonable to expect that KCCL would have received had that disposal been a sale at arms length commercial terms.
The Distributor is authorized but not obligated to describe, refer to and advertise itself as an authorized distributor of the Supplier and to permit its agents to describe, refer to and advertise themselves as its authorized agents and as agents of KCCL.
KCCL, at its sole and unrestricted discretion, shall be entitled to terminate this Agreement by providing the Distributor not less than three (3) month's notice within six months of Debt Assumption.
For the consideration set out in the Share Sale Agreement and subject to clause 1.4, MFCB agrees, subject to the terms and conditions in this Deed, to pay the Royalty to NLS provided that nothing herein shall obligate or be deemed to obligate MFCB or any of its Affiliates (including after Completion Banff and/or KCCL) to conduct or maintain any level of operation at the Mining Operations.
When the outstanding balance on the KCCL Debt is equal to the accumulated Gross Margin generated by Danzas, Danzas will assume the then outstanding balance of the KCCL Debt ("Debt Assumption").
MFCB shall exercise its rights as a direct or indirect shareholder of KCCL and cause its nominees on the board of KCCL to vote to procure that one of Newmont or NLS and its representatives (including its auditors) have full access during regular business hours upon reasonable prior notice (but no more than twice in any 12 month period) to all of the books of account, records, reports, invoices, statements and other documents kept and maintained in accordance with Clause 5.1.
APPENDIX A INDICATED BALANCE SHEET KASESE COBALT COMPANY LIMITED INDICATED BALANCE SHEET INDICATED KCCL AGREED BALANCE GROUP ACCOUNT @30/06/2002 ADJUSTMENTS SHEET ADJUSTMENT COMMENTS ------------- ----------- ------------ ------------ ------------------------------------------------- ASSETS: CURRENT ASSETS Cash 2,111,335 (500,000) 1,611,335 500k returned to Newmont in July, wrongly sent to Kasese in June for contractor settlement payment.
The KCCB will report any concerns or suspicious activities to Health Canada regarding the activities of applicants and licence holders on the Territory where such activities may be contrary to the KCCL or the federal Cannabis Act.
However, no indemnification can be requested as to consequential damages and loss of profits, except when KCCL does not deliver Products for confirmed orders.