MPAL definition
Examples of MPAL in a sentence
In addition, during the period of his employment as President and Chief Executive Officer the Board will recommend that the Executive be elected as a Director of the Company’s wholly-owned subsidiary, Magellan Petroleum Australia Limited (“MPAL”), and the Executive agrees to accept such nomination and to serve as a Director of MPAL.
The Interim Structure provides time, if required and if the Parties so choose, for the Parties to seek to obtain the requisite Participants’ Consent to the transfer of the ▇▇▇▇▇ Shoal Interests from MPAL Old to MPAL New (for itself or as nominee for the ES Partnership) pursuant to the exercise by MPAL New under the ▇▇▇▇▇ Shoal Interests Option Deed of the option to acquire the ▇▇▇▇▇ Shoal Interests.
If a Party procures a third party to perform development costs, the obligations of that Party to fund Project development costs shall be satisfied on a dollar for dollar basis if and to the extent that the ▇▇▇▇▇ Shoal Percentage of such development costs payable by MPAL Old or MPAL New (as applicable) is reduced (or waived) by that third party from what would otherwise have been the full invoiced amount.
The MPAL staff position (the “MPAL Staff”) will work in cooperation with appropriate Municipality staff to use the Plan to identify actions expected by a range of staff or elected officials.
Structures Prior to the Cut-Off Date, the Parties shall take all actions necessary to implement the Interim Structure (as contemplated in the Acquisition and Reorganisation Plan) to enable MPAL Old to be funded with the amounts required for it to achieve Completion.
As part of his employment duties hereunder, Employee shall be required to make business trips to visit the principal business offices of the Company's majority-owned subsidiary, Magellan Petroleum Australia Limited ("MPAL"), located in Brisbane, Australia and other Australian locations of MPAL business operations, from time to time as reasonably requested by the Board.
All amounts payable by MPAL Old to ▇▇▇▇▇▇ under the Assets Sale Deed after Completion shall be funded on a timely basis by MPC (as to 51 % of such amounts) and YEP (as to 49% of such amounts).
All Project development costs payable by the Parties as set forth above shall be paid to MPAL Old or MPAL New in a timely manner and be structured to achieve tax efficiencies and to ensure that no owner of a Stage Interest shall have any commercial, legal or structural advantage over the owner of another Stage Interest with respect to its rights to receive payment or repayment of such funding.
Subject to sections b, c and d hereof, every member shall be entitled to up to fifty-two (52) weeks MPAL upon provision of reasonable proof of pregnancy or adoption.
Any request by an employee for an extension of MPAL beyond fifty-two (52) weeks shall be made to the Director of the Department.