PP1 and PP2 Obligations definition

PP1 and PP2 Obligations means all obligations and amounts owing under PP1 and PP2.
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Examples of PP1 and PP2 Obligations in a sentence

  • This Agreement shall terminate and be of no further force and effect upon satisfaction of the PP1 and PP2 Obligations, provided that no Default shall then be continuing.

  • Until satisfaction of the PP1 and PP2 Obligations, Somita shall not abandon the Project, which shall include, without limitation, suspension of construction, operation or maintenance of the Project, except for cessation of operations under care and maintenance.

  • Until satisfaction of the PP1 and PP2 Obligations, Somita shall not amend or permit any amendment to, or waiver or termination of, any material contract, agreement, permit or lease without the prior written consent of Royal Gold, which consent shall not be unreasonably withheld.

  • Notwithstanding the foregoing, Somita shall be entitled to make Distributions provided that at the time of making any such Distribution (i) it is current with respect its obligations under the PP1 and PP2 Obligations and the Conveyance of Tail Royalty and Grant of Milling Fee, (ii) there is no Default or Event of Default hereunder and (iii) the making of such Distribution will not cause a Default or Event of Default hereunder.

  • Except for Permitted Liens, until satisfaction of the PP1 and PP2 Obligations, Somita shall not create, assume or permit to exist any material Lien, encumbrance or unsatisfied judgment upon any of the properties or assets which it now owns or hereafter acquires.

  • Except for Permitted Liens, until satisfaction of the PP1 and PP2 Obligations, Somita shall not create, assume or permit to exist any material Lien, encumbrance or u▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ assets which it now owns or hereafter acquires.