Venezuelan Subsidiaries definition

Venezuelan Subsidiaries means (i) each of Derivados de Maíz Seleccionado, S.A. and Molinos Nacionales, C.A. and (ii) any Subsidiary of the Company that is organized under the laws of Venezuela after the date of this Agreement, provided that (x) such new Subsidiary is duly organized under the laws of Venezuela and (y) the Organizational Documents of such new Subsidiary do not violate the terms of this Agreement.
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Examples of Venezuelan Subsidiaries in a sentence

  • L.B. Mining and its Venezuelan Subsidiaries have incurred no obligation or liability, contingent or otherwise, for brokerage or finders' fees or agents' commissions or other similar payment in connection with this Agreement.

  • During the Option Period, Granges agrees that it will not represent to the Venezuelan Government or the general public that it owns the Venezuelan Subsidiaries.

  • L.B. Mining owns all of the stock of certain Venezuelan corporations described in Exhibit A hereto (collectively, "Venezuelan Subsidiaries").

  • In the event that Granges purchases the Stock of the Venezuelan Subsidiaries, Granges shall, as an integral part of such purchase and at the closing thereof, receive from L.B. Mining, the Venezuelan Subsidiaries and Arrendadora 5000, C.A. (a Venezuelan corporation wholly owned by L.B. Mining) title to certain on-site equipment, vehicles, parts and mining camp associated with the Guariche Project (the "Equipment").

  • All contracts necessary for the implementation of activities Granges desires to undertake during the Option Period shall be entered into in the name of one of the Venezuelan Subsidiaries, and shall be subject to the approval of L.B. Mining, which approval shall not unreasonably be withheld.

  • During the Option Period and in accordance with the existing practices of the Venezuelan Subsidiaries and applicable laws, regulations and permits, Granges shall arrange for the reclamation of disturbances to the Properties caused by its operations.

  • Vein and Occupancy Rights: L.B. Mining or one or more of its Venezuelan Subsidiaries has duly and properly applied for exploitation concessions (i.e., the Vein Concessions) granting and covering rights to mine all gold mineralization within all vein and lode structures within, and permits to occupy, all ground within the Seccion Numero Uno De El Triunfo and Seccion Numero Dos De El Triunfo concessions described on Exhibit A hereto.

  • Manuals produced by specialists contractors and suppliers which outline operating and maintenance procedures and schedules for plant and equipment installed as part of the structure.

  • The authorized equity securities of Cominac and Aerominas (the Venezuelan Subsidiaries) consist of 640,000 and 4,000 shares of common stock, par value 1,000 Bolivars and 1,000 Bolivars per share, of which 640,000 and 4,000 shares are issued and outstanding, respectively, and collectively constitute all of the Stock.

  • Prior to holding any discussions relative to the Properties, the Venezuelan Subsidiaries or the Guariche Project with any agent or representative of the Venezuelan government during the Option Period, Granges will advise L.B. Mining of its desire to hold such discussions and the subjects that Granges wishes to discuss.

Related to Venezuelan Subsidiaries

  • Canadian Subsidiaries means the Subsidiaries (other than the Canadian Parent) organized under the laws of Canada or any province, territory or other political subdivision thereof.

  • Inactive Subsidiaries means those Subsidiaries of the Borrower listed on Schedule 1.01.

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.

  • Transferred Subsidiaries shall have the meaning set forth in the Recitals.

  • Acquired Subsidiaries means Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.