Examples of Binding Letter of Intent in a sentence
CLM and Xxxxxx entered into a Binding Letter of Intent dated June 24, 2019 (the “LOI”) which sets forth the primary terms of an exclusive option to acquire a 100% interest in certain mineral claims known as the "Foremore Claims", as more particularly described in Schedule "A" of the LOI.
Following the completion of the Transaction, the Corporation will, in all material respects, have acquired the Marathon Properties Interest as set out in the Binding Letter of Intent and as disclosed in the public disclosure record of the Corporation.
The representations and warranties of the Corporation in the Binding Letter of Intent, a true copy of which has been provided to the Underwriters, is true and correct in all material respects, subject to the same exceptions and qualifications set out therein, as of the date hereof.
To the knowledge of the Corporation, the representations and warranties of Sibanye and its Affiliates contained in the Binding Letter of Intent are true and correct in all material respects, subject to the same exceptions and qualifications as set out therein, as of the date hereof.
The Corporation will use its commercially reasonable efforts to close the Transaction on substantially the same terms as set out in the Binding Letter of Intent.
The parties expressly agree that the Binding Letter of Intent dated March 26, 2017 among the parties has, upon the execution of this Agreement, been and is terminated and of no further force and effect.
This Binding Letter of Intent is a statement of our present intentions and is a binding contract and commitment to complete closing documents as a joint venture on the terms outlined in the original nonbinding letter of intent.
With respect to the subject matter of this Agreement, this Agreement supersedes all previous contracts except the Binding Letter of Intent, and together with the Durable Power of Attorney Agreement, constitutes the entire Management Agreement between the parties.
YES and the Inventor are parties to the Binding Letter of Intent dated April 8, 2003, as amended by the Amendment to the Binding Letter of Intent dated July 22, 2004, and further amended by the Second Amendment to Binding Letter of Intent dated June 4, 2005 (collectively, the “LOI”).