Molimentales definition

Molimentales means Molimentales del Noroeste, S.A. de C.V., a sociedad anonima de capital variable organized and existing under the laws of the United Mexican States.

Molimentales declares that:

Molimentales gives its consent and agrees with "Evonik" to acquire 100% of the demand for the products of the mine. In the event “Molimentales” requires additional amounts of product exceeding the agreed annual amounts, “Molimentales” shall notify “Evonik” in writing three months in advance as a minimum the excess amounts of material for the following year. “Evonik” shall verify in good faith the availability of the product for the following year and will advise “Molimentales” in writing the available amounts not to exceed four (4) weeks after having received notification from “Molimentales”. In the event that “Evonik” is not in a position to supply, partially or fully, the additional amounts to those annually agreed, “Molimentales” may acquire from another supplier said amounts in addition to those previously agreed in this instrument. Both parties agree that during the life of the contract herein, when the number of validity months is less than 12, the amounts of the product to be supplied by “Evonik” to “Molimentales” shall be proportionally reduced prior agreement in writing duly signed by both parties. Said agreement shall be an integral part of the document herein.

Examples of Molimentales in a sentence

• The Company is in the business of acquiring, exploring, developing and operating mineral resource properties in Mexico, through its wholly-owned subsidiaries, Timmins Goldcorp Mexico, S.A. de C.V. and Molimentales del Noroeste, S.A. de C.V. (“MdN”) (collectively “the subsidiaries”).

• The Company is in the business of acquiring, exploring, developing and operating mineral resource properties in Mexico, through its wholly-owned subsidiaries, Timmins Goldcorp Mexico, S.A. de C.V and Molimentales del Noroeste, S.A. de C.V. (“MdN”) (collectively “the subsidiaries”).

• The loan is secured by among other things, a first charge on the assets of Molimentales del Noroeste, SA de CV.

• The Company is in the business of acquiring, exploring, developing and operating mineral resource properties in Mexico, through its wholly-owned subsidiaries, Timmins Goldcorp Mexico, S.A. de C.V., Molimentales del Noroeste, S.A. de C.V. (“MdN”) and Minera Aurea, S.A de C.V. (“Minera Aurea”) (collectively “the subsidiaries”).

• On May 30, 2008, SEMARNAT registered Molimentales as a generator of hazardous waste.

• Molimentales is complying with hazardous waste management standards using an on-site storage facility exclusively for hazardous waste which is collected by an accredited company.

• The Comisión Nacional del Agua (CONAGUA) authorized the total and definitive transfer of the rights for two concession titles to exploit and use national water previously held by Geomaque de Mexico, to Timmins’ Mexican subsidiary Molimentales del Noroeste, S.

• Due to the proposed increase in in production capacity from 12,000 t/d to 18,000 t/d of ore, Molimentales will update all of its environmental permits to include the additional use of land.

• The Company is in the business of acquiring, exploring, developing and operating mineral resource properties in Mexico and the United States (“US”), through its wholly-owned subsidiaries, Timmins Goldcorp Mexico, S.A. de C.V., Molimentales del Noroeste, S.A. de C.V. (“MdN”) and Minera Aurea, S.A de C.V. (“Minera Aurea”) (collectively “the subsidiaries”).

• Timmins advises that it acquired the first seven concessions covering the San Francisco mine through its purchase of Molimentales del Noroeste de S.A. de C.V. (Molimentales) in April, 2007.

More Definitions of Molimentales

Molimentales shall notify “Evonik” in writing three months in advance as a minimum the excess amounts of material for the following year. “Evonik” shall verify in good faith the availability of the product for the following year and will advise “Molimentales” in writing the available amounts not to exceed four (4) weeks after having received notification from “Molimentales”. In the event that “Evonik” is not in a position to supply, partially or fully, the additional amounts to those annually agreed, “Molimentales” may acquire from another supplier said amounts in addition to those previously agreed in this instrument. Both parties agree that during the life of the contract herein, when the number of validity months is less than 12, the amounts of the product to be supplied by “Evonik” to “Molimentales” shall be proportionally reduced prior agreement in writing duly signed by both parties. Said agreement shall be an integral part of the document herein.

Molimentales shall notify “Evonik” in writing with acknowledgment of receipt within a thirty-day (30) term prior to the end of each three-month (3) period an estimate of the required demand of the product to be supplied by “Evonik” for the next three (3) months. The purchase orders that “Molimentales” should provide “Evonik” for supplying the product should be received by “Evonik” in writing with at least fourteen (14) business days in advance prior to the scheduled shipment date. Said purchase orders should include the applicable amounts of product, as well as approximate delivery dates. If purchase orders are properly accepted, “Evonik” is bound to deliver the product on the mentioned dates. Both parties agree that in the event of any discrepancy between the terms specified in the document herein and any of the terms contained in any purchase order or any other document issued between “Molimentales” and “Evonik” with regard to the purchase/sale of the product, the terms contained herein shall rule in each and every one of its parts, unless said document is subscribed as and “Addendum” to the contract herein, expressly stating that it supersedes this agreement.

Molimentales is aware that importation of the product to be supplied by “Evonik” is carried out by means of an export license required by the German authorities (BAFA), before said product is shipped from Germany, as well as by several licenses and their renewals required by the Mexican authorities (Secretaria de Salud and SEMARNAT), which are subject to the applicable laws for said purpose. Should there be any delay in agreed delivery dates for supplying said product by “Evonik” due to a delay during the development of logistics and/or procedures mentioned in this article, without fault or negligence on the part of “Evonik”, “Molimentales” expressly states that in the event of said contingency it waives its right to file any claim against “Evonik” exclusively for that concept. "Evonik" should notify "Molimentales" the reason for the delay as soon as possible. In addition, “Evonik” declares that it will make its best effort to carry out delivery of the product to be supplied to “Molimentales” on the dates agreed for said purpose. Hence, “Evonik” states that it will make its best effort in following directions and responsible care procedures for transporting and delivering the product to be supplied to “Molimentales”.

Molimentales is bound hereby to pay “Evonik” for any damages, lawyers’ fees and any other expense, cost or loss that might be claimed for said failure. The contracting parties agree that the right of "Evonik" the put into effect early termination of this document shall not be a waiver to obtain payment of damages to which it may be entitled to claim in accordance with applicable laws or to receive payment for the contractual penalty agreed in the contract herein.

Molimentales is bound to close and secure SLS containers once they are empty. After containers are empty and before delivering them to the freight carrier for delivery to "Evonik", they are under the responsibility of "Molimentales" and the following should be considered for said purposes: