Minimum Reserves definition
Examples of Minimum Reserves in a sentence
The Minimum Reserves shall be verified by Party B through J▇▇▇ ▇.
In the event the coal reserves of the Shuangrui Coal Mine are less than the Minimum Reserves, than at any time within five years following the Effective Date, Party A shall transfer or caused to be transferred an additional amount of equity interests of the Target Company equal to 16.67% of the Transferred Equity Interests (the “Reserves Make-good Equity Interests”) to Party B for no additional consideration within 30 business days after Party B’s request for such transfer (the “Transfer Deadline”).
In the event that the coal reserves of the Xingsheng Coal Mine is less than 20% of the Minimum Reserves, Party B shall have the right to cancel this Agreement and Party A shall refund Party B all of the Consideration paid to Party A through the time of such cancellation, including the Deposit.
In the event that the coal reserves of the Shunli Coal Mine is less than 20% of the Minimum Reserves, Party B shall have the right to cancel this Agreement and Party A shall refund Party B all of the Consideration paid to Party A through the time of such cancellation, including the Deposit.
The Minimum Reserves shall be verified by Party B through an independent geology consultant of good reputation to be appointed by Party B, which verification shall occur within 120 business days from the Effective Date.
In the event the coal reserves of the Xingsheng Coal Mine are less than the Minimum Reserves, than at any time within five years following the Effective Date, Party A shall transfer or caused to be transferred an additional amount of equity interests of the Target Company equal to 16.67% of the Transferred Equity Interests (the “Reserves Make-good Equity Interests”) to Party B for no additional consideration within 30 business days after Party B’s request for such transfer (the “Transfer Deadline”).
In the event that the coal reserves of the Shuangrui Coal Mine is less than 20% of the Minimum Reserves, Party B shall have the right to cancel this Agreement and Party A shall refund Party B all of the Consideration paid to Party A through the time of such cancellation, including the Deposit.
The following are the appendices and schedules to this Agreement: Schedule A – Eligible Long-Term Infrastructure Expenditures; Schedule B – Eligible Ongoing Capital Expenditures; Schedule C – LTRA Area; Schedule D – Minimum Volume; Schedule E – Royalty Rate; Schedule F – GP Adjustment; Schedule G – Approved Royalty Infrastructure Credit Projects; Schedule H – Minimum Reserves; and Schedule I – Specified Regulations.
The start-up costs for 2015 shall be invoiced by the EIF based on a statement of fees to be provided by the EIF to the Designated Service once the call for expression of interest has been published and the Designated Service has transferred the Minimum Reserves for the EaSI Guarantee (Microfinance and Social Entrepreneurship) to the Financial Instrument Accounts in accordance with Article 9.11.