RMGC definition
Examples of RMGC in a sentence
Until a change of address is so given, notices shall be addressed to RMGC and Nevada Star, respectively: Round Mountain Gold Corporation P.▇.
All notices of default or arbitration and demands for performance or assurance, if delivered personally to RMGC, shall be delivered to RMGC’s Land Administrator and, if mailed to either party, shall be sent by certified or registered mail, return receipt requested.
RMGC shall promptly give Nevada Star notice of commencement and termination of Force Majeure.
As of the Effective Date and the Closing Date, RMGC was entitled under the 2000 Assignment to credits against Royalty payments that otherwise would become due in the amount of THREE HUNDRED SEVENTY-FIVE THOUSAND AND NO/100 U.S. DOLLARS ($375,000.00) for advance royalty payments.
RMGC agrees to make such payments and perform such assessment work or other acts and obligations (and provide promptly evidence thereof to Nevada Star) not later than 15 days prior to the last day permitted by law for the making of such payment or the completion of such act or obligations.
All rights so acquired by RMGC shall be part, of the Mining Property for all purposes of this Agreement.
In exchange for the Assets, Royal Gold shall pay to Nevada Star at the Closing THREE MILLION SEVEN HUNDRED THOUSAND AND NO/100 U.S. DOLLARS ($3,700,000), less the cumulative total of all advance royalty payments that RMGC is entitled to deduct from the Royalty pursuant to the 2000 Assignment as of the Closing Date described in Section 1.4 below (the “Purchase Price”).
Nevada Star has received no notices of default from RMGC, nor is Nevada Star aware of any acts or omissions by it that would constitute a default under the 2000 Assignment.
RMGC shall use reasonable diligence to remove Force Majeure but shall not be required against its will to institute legal proceedings, adjust any labor dispute or challenge the validity of any law, regulation, action or inaction of government.
Nevada Star has sent no notices of default to RMGC, nor is Nevada Star aware of any acts or omissions of RMGC that would constitute a material default under the 2000 Assignment requiring a notice of default to RMGC.