Examples of Twangiza Forward I Agreement in a sentence
The amendments of the Priority GFSAs as contemplated by the Recapitalization are as follows: 15 A “priority lien” under the Collateral Trust Agreement is an obligation under the Namoya Forward I Agreement, the Twangiza Forward I Agreement and certain obligations under the Namoya Streaming Agreement and the Twangiza Streaming Agreement (other than the obligation to pay any deposits thereunder).
Banro has also guaranteed the Twangiza Streaming Agreement, the Twangiza Forward I Agreement, the Twangiza Forward II Agreement20, the Namoya Streaming Agreement, the Namoya Forward I Agreement and the Namoya Forward II Agreement.
As described in the First Report of the Monitor (the “First Report”), the guarantees of the Twangiza Forward I Agreement and the Namoya Forward I Agreement are secured and such security is valid and enforceable.
Obligations under the Twangiza Forward I Agreement and the Namoya Forward I Agreement rank as a “priority lien”15 under the Amended and Restated Collateral Trust Agreement dated April 18, 2017 (the “Collateral Trust Agreement”).
The issuer of the Twangiza Forward I Agreement and the Twangiza Forward II Agreement is Twangiza Mining S.A., one of the DRC Subsidiaries.
The Twangiza Forward I Agreement, the Twangiza Forward II Agreement and the Namoya Forward I Agreement are each guaranteed by Banro.
Accordingly, on the terms of the Plan, neither the Stream Equity Warrants nor the New Secured Facility Warrants constitute consideration for the consensual amendment of the Namoya Forward I Agreement, Twangiza Forward I Agreement and Twangiza Forward II Agreement (the “ Priority GFSAs”).
The WIA requires improved youth opportunities and Youth Councils to be part of local workforce investment systems.
The calculation of the Twangiza Forward I Agreement shall be amended to include a provision for the early repayment at the option of Banro at any time after the completion of the CCAA Plan at a 19.5% IRR based on the delivery of equivalent ounces calculated at $1,100 per ounce, calculated per the XIRR function on Excel from the initial funding date to the repayment date.
Banro has also guaranteed the Twangiza Stream Agreement, the Twangiza Forward I Agreement, the Twangiza Forward II Agreement15, the Namoya Stream Agreement, the Namoya Forward I Agreement and the Namoya Forward II Agreement.