Kwagga definition
Examples of Kwagga in a sentence
WB hereby irrevocably agrees to advance to the Corporation an additional $75,000 on or prior to the later of July 30, 2004 or the date upon which Kwagga has obtained all required permits to commence drilling of the second drill hole in the Project Area.
The Manager shall not be in default of any duty under Section 3.2 if its failure to perform results from the failure of Kwagga to fund Operations in a timely manner.
Except as otherwise provided in this Article 4, Operations shall be conducted, Costs shall be incurred and Assets shall be acquired only pursuant to approved Work Programs and Budgets approved by Kwagga.
Before distributing any funds or Assets to Kwagga, the Manager shall have the right to segregate amounts which, in the Manager's reasonable judgment, are necessary to discharge continuing obligations (including contingent obligations and Required Operations, including decommissioning and long-term monitoring and care) or to purchase for the account of Kwagga, bonds or other securities for the performance of such obligations.
Such plan shall be implemented within 90 days after it is approved, with or without variation, by Kwagga.
Until the vacancy is filled, the directors shall not transact any business or exercise any of their powers or duties except those necessary to elect such new director and/or preserve the business and assets of the Corporation and Kwagga.
In the event that Kwagga elects to discontinue incurring Expenditures prior to incurring an aggregate of USD$2,100,000 in Expenditures or less than USD$2,100,000 is used by Kwagga to incur Expenditures prior to June 20, 2006, Kwagga shall provide written notice thereof to Hawk.
On termination of this Agreement under Section 3.5 or 8.1, Kwagga shall remain liable for continuing obligations hereunder (including contingent obligations) until final settlement of all accounts and for any liability, whether it accrues before or after termination, if it arises out of Operations during the term of the Agreement.
In the event that, during a Budgetary Period, the Manager determines that, based upon the results of the current Work Program, it is desirable to revise such Work Program and the related Budget, the Manager shall have the right to prepare a revision thereto and submit the same to Kwagga for approval.
Kwagga may direct the Manager to recommence Mining Operations at any time thereafter.