POSCAN definition
Examples of POSCAN in a sentence
Pursuant to the agreement, Elk Valley Coal has an 80% interest in the joint venture while POSCAN has a 20% interest.
POSCAN, pursuant to a property rights grant, has a right to 20% of all of the coal mined at Greenhills from certain defined lands until the Greenhills Joint Venture Agreement terminates on the earlier of: (i) the date the reserves on the defined lands have been depleted; and (ii) March 31, 2015.
General Moly and Nevada Moly acknowledge and agree that Holland & ▇▇▇▇ LLP has represented POS-Minerals, POSCAN and their respective Affiliates in connection with the Transaction Documents.
The liability of POSCAN hereunder shall be absolute and unconditional irrespective of, and shall not be released, discharged, limited, or otherwise affected by anything done, suffered, or permitted by the GMO Parties in connection with the Obligations except to the extent such thing done, suffered, or permitted excuses of POS-Mineral’s performance of the Obligations and then only to the extent POS-Mineral’s performance is excused.
In no event shall an attorney-client relationship be deemed to exist between Holme ▇▇▇▇▇▇▇ & ▇▇▇▇ LLP or Hull & ▇▇▇▇▇▇▇▇▇▇▇ Chartered, on the one hand, and POS-Minerals, POSCAN or any of their respective Affiliates, on the other hand.
POSCAN shall perform the Obligations upon written demand given by the GMO Parties to POSCAN upon a failure by POS-Minerals to perform any of the Obligations.
POS-Minerals and POSCAN acknowledge and agree that Holme ▇▇▇▇▇▇▇ & ▇▇▇▇ LLP and Hull & ▇▇▇▇▇▇▇▇▇▇▇ Chartered have represented General Moly, Nevada Moly and their respective Affiliates in connection with the Transaction Documents.
The mine equipment and preparation plant are owned by Elk Valley Coal and POSCAN in proportion to their respective joint venture interests.
Elk Valley Coal and POSCAN bear all costs and expenses incurred in operating Greenhills in proportion to their respective joint venture interests.
Any controversy, claim, or dispute between POSCAN and the GMO Parties arising out of, relating to, or in connection with this Guarantee shall be exclusively and finally settled pursuant to and in accordance with Article XV of the LLC Agreement (as defined in the Contribution Agreement), mutatis mutandis.