RALA definition
Examples of RALA in a sentence
Subject to the terms and conditions hereof (including, without limitation, the completion, to the satisfaction of ABC, of all conditions set out in Section 3.1 hereof), the RALA Group may make a Drawdown under the First Tranche by delivering a Drawdown Notice to ABC not less than five (5) Business Days prior to the date upon which a Drawdown is to be made, which Drawdown Notice must set out the aggregate Drawdown amount.
The RALA Group shall repay or cause to be repaid the Advance to ABC in the manner set out in Section 2.10 and in any event, no later than the Final Delivery Date.
The RALA Group also agrees to jointly and severally indemnify ABC against and hold it harmless from any and all present and future stamp, transfer, documentary and other such taxes, levies, fees, assessments and other charges made by any jurisdiction by reason of the execution, delivery, performance and enforcement of the Prepayment Documents.
Rio Alto and Projectco acknowledge that Advances in the aggregate amount of US$24,500,000 have been made by ABC to the RALA Group and each constitutes an Advance under the First Tranche.
The RALA Group shall, upon demand, pay any costs and expenses incurred by ABC as a result of any delivery of Gold other than as provided herein.
In respect of the First Tranche, the RALA Group shall repay or cause to be repaid the Advance in Gold in an amount equal to 36,800 ▇▇▇▇ ounces multiplied by a fraction, the numerator of which is aggregate amount of all Drawdowns made by the RALA Group from the Escrow Account and the denominator of which is US$25,000,000, subject to adjustment under this Section 2.10.
Without limiting the generality of the foregoing, the obligations of the RALA Group under Section 8.4, and all similar obligations under the other Prepayment Documents (including all obligations to pay costs and expenses and all indemnity obligations), shall survive the repayment of the Advance.
Subject to the satisfaction of the conditions precedent set out in Section 3.1, ABC will cause the full amount specified in the Drawdown Notice or Request for Advance, as applicable, to be made available to the RALA Group pursuant to Section 2.4 and 2.5 above.
Any predelivery of a Delivery Amount that is not satisfied by delivery of Gold shall be paid in cash and credited by multiplying the number of ▇▇▇▇ ounces of Gold remaining to be delivered by or on behalf of the RALA Group under Section 2.10(a) and 2.10(b) hereof by the Spot Price, and paying the resulting amount in US dollars to ABC.
Notwithstanding any term of this Agreement to the contrary, the RALA Group may at any time deliver the outstanding Delivery Amounts, in whole or in part, in Gold or the cash equivalent thereof, without notice, bonus or penalty.