Mining Contracts definition
Examples of Mining Contracts in a sentence
Each of the Mining Contracts is legal, binding and enforceable, is in full force and effect, and grants to the Company or its Subsidiaries, as the case may be, the exclusive right to mine the property interest demised thereunder, except as expressly limited by the terms of the respective Mining Contract and applicable South African law.
The Company or its Subsidiaries, as the case may be, has good and valid title to each of the mining interests demised under the Mining Contracts free and clear of any liens or encumbrances, except those set forth in the Mining Contracts and applicable South African law.
Neither the Company nor any of its ----------------- Subsidiaries own any real property or mining interests except as set forth on Schedule 3.8. Set forth on Schedule 3.8 is a complete list of all contracts and permits which represent Global Diamond-SA's and Nabas Diamond's mining properties and interests ("Mining Contracts").
There are no actual or, to the knowledge of the Company, threatened expropriations, interdicts or ▇▇▇▇ proclamations relating to the premises covered by the Mining Contracts, and no claims for restitution of land rights have been lodged under the South African Restitution of Lands Rights Act 20 of 1994 in relation to the premises covered by the Mining Contracts.
Except as set forth in the SEC Reports, none of the Mining Contracts will expire or be terminated or be subject to any modification of terms or conditions upon the consummation of the transactions contemplated by this Agreement.
All amounts due and payable by the Company or its Subsidiaries under the Mining Contracts have been fully paid.
If the Caterpillar Loan has not been repaid in full, subject to delivery of the Replacement Caterpillar Guarantee or the Caterpillar Waiver, evidence that Caterpillar has consented to the transactions contemplated hereby as required under the Caterpillar Loan; Mining Contracts.
The Public Companies acknowledge and agree that the Private Companies have performed any and all of their obligations under the Mining Contracts, the Assignment and Assumption of Agreements and the Royalty Agreement, as well as any other agreement between the Private Companies and the Public Companies, and that none of the Private Companies have any further obligation thereunder.
There are no actual or, to the knowledge of the Company and GDRIL, threatened expropriations, interdicts or ▇▇▇▇ proclamations relating to the premises covered by the Mining Contracts, and no claims for restitution of land rights have been lodged under the South African Restitution of Lands Rights Act 20 of 1994 in relation to the premises covered by the Mining Contracts.
The Mining Companies currently have the right to declare VitroCo to be in default under the Mining Contracts.