PMMC definition
Examples of PMMC in a sentence
AS AGENT PMMC is hereby authorized to act as agent for Kraft for the purpose of performing Services hereunder and as is necessary or desirable to perform such Services.
A document titled Custodial Receipt with reference number: AGL/150587/036/24+, was obtained from Asar Gold Company Ltd (Asar), a company licensed by Ghana’s Precious Minerals Marketing Company (PMMC), the authorised body, legally permitted to grade, assay, value, process buy and sell precious minerals and to license agents in Ghana, confirming that, as at 29th of March 2024, 7,081kgs of gold Dore bars belonging to the Company are held by them in custody.
In the AOP process, the Parties agree to use their best efforts to harmonize the interests of Kraft to have quality services at affordable cost and the interest of PMMC to recover its costs of performing the Services.
If any AOP is not submitted or is not approved by the Parties, or if the Parties are unable to resolve any service, performance or budget issues or if there is a material breach of this Agreement that has not been corrected within thirty (30) days of receipt of notice of such breach, the Controller and CFO of Kraft and the Treasurer and Controller of ▇▇▇▇▇▇ ▇▇▇▇▇▇ Companies Inc., on behalf of PMMC, will meet promptly to review and resolve those issues in good faith.
PMMC agrees that, upon termination of this Agreement or any of the Exhibits, PMMC will cooperate in good faith with Kraft to provide Kraft (or its designee) with reasonable assistance to make an orderly transition from PMMC to another supplier of the Services.
PMMC will provide the Services either through its own resources, the resources of its subsidiaries or Affiliates, or by contracting with independent contractors as agreed hereunder.
To the extent a conflict of interest arises PMMC and Kraft will discuss and resolve such conflict consistent with the principles and obligations of professional responsibility.
Kraft will pay to PMMC a fixed annual fee for each Service as set forth in the attached Exhibits (collectively, the "Fees").
In providing the Services hereunder PMMC will exercise the same degree of care as it has historically exercised in providing such Services to its Affiliates prior to the date hereof, including at least the same level of quality, responsiveness and timeliness as has been exercised by PMMC with respect to such Services.
The Fees constitute full compensation to PMMC for all charges, costs and expenses incurred by PMMC on behalf of Kraft in providing the Services, unless otherwise specifically provided in the Exhibits or agreed in an AOP (as defined below).