Examples of Uncredited Balance in a sentence
If, after the term of the Agreement (November 9, 2090), the Uncredited Balance has not been reduced to $nil, then the Company will be required to repay the amount of the Uncredited Balance.On November 5, 2012, Brigus elected to repurchase 4% and 3.7% of the future gold production at the Black Fox mine and Black Fox Extension, respectively, for $24.4 million, thereby reducing the original Uncredited Balance to $31.9 million.
The Uncredited Balance upon acquisition on March 5, 2014 was $7.1 million.
If, after the term of the Agreement (November 9, 2090), the Uncredited Balance has not been reduced to $nil, then the Company will be required to repay the amount of the Uncredited Balance.
From and after the receipt by the Purchaser of the Shortfall Buyback Amount specified by the Seller in the Exercise Notice, either or both of the Gold Reference Amount and the Silver Reference Amount, as applicable, shall be deemed to be adjusted and the Uncredited Balance shall be deemed to be adjusted in each case to reflect the corresponding amounts specified in the Exercise Notice.
The amount of any deduction or withholding required under applicable law shall not reduce the amount of the Uncredited Balance.