Stream Agreements definition
Examples of Stream Agreements in a sentence
Each of the Purchaser Royalty and Stream Agreements is a valid and binding obligation of the Purchaser or its subsidiaries and the other parties thereto enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency and other Laws affecting the enforcement of creditors’ rights generally and subject to the qualification that equitable remedies may only be granted in the discretion of a court of competent jurisdiction.
There are no Claims pending against the Company or the Company Subsidiaries, or to the knowledge of the Company, against any of the Operators (or naming the Company, the Company Subsidiaries or any Operator as a potentially responsible party) based on non-compliance with any applicable health and safety Laws at any of the operations relating to the Company Underlying Mineral Properties in respect of the Company Key Royalty and Stream Agreements.
Treatment of Stream Agreements The Stream Agreements would not be affected under the CCAA Plan.
Artemis has agreed to waive its ROFO in exchange for New Gold waiving its rights under the ROFR Offer for the Silver Stream Agreement as well as for certain favourable amendments to the existing Gold Stream and Silver Stream Agreements to accommodate the planned project financing for Blackwater.
There are no royalties, net smelter return obligations, streaming or prepaid delivery arrangements, production-based Taxes or similar levies on mineral production payable with respect to any mine owned by an Obligor except the Existing Stream Agreements and the Royalties.
Other than the Royalty Stream Agreements, there are no contracts, agreements or licenses material to the conduct of the business of GW.
Without limiting the provisions of paragraph (b) hereof, but subject to applicable law and confidentiality terms, conditions or provisions contained in any existing contracts entered into by GW, including the Royalty Stream Agreements, GW shall, in all material respects, conduct itself so as to keep FN fully informed as to the material decisions or actions required or required to be made with respect to the conduct of its business.
Each of the Royalty and Stream Agreements is a valid and binding obligation of the Company or its Subsidiaries and the other parties thereto enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency and other laws affecting the enforcement of creditors’ rights generally and subject to the qualification that equitable remedies may only be granted in the discretion of a court of competent jurisdiction.
Prior to the Final Release Date, the Shareholder Creditors may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss in respect of the Shareholder Liabilities other than as expressly permitted by the Senior CTA and the Stream Agreements.
However, the holders of the Stream Agreements would agree to modify the terms to increase the Ongoing Price from US$150 per ounce to LBMA PM Gold Price for each Stream Agreement’s respective claim on the first 200,000 ounces of production delivered at each mine from January 1, 2018 (being equal to 22,200 ounces for Twangiza and 16,660 ounces for Namoya and totaling US$42.56 million of cash flow relief at $1,250/oz.