Diamonds Sample Clauses
The "Diamonds" clause defines the terms and conditions related to the sale, purchase, or handling of diamonds within a contract. Typically, this clause specifies the quality, grading, certification, and delivery requirements for diamonds, and may outline procedures for inspection or dispute resolution if the diamonds do not meet agreed standards. Its core function is to ensure both parties have a clear understanding of expectations regarding the diamonds, thereby reducing the risk of disputes and ensuring the transaction proceeds smoothly.
Diamonds. For the purpose of this Royalty Agreement, “2%
Diamonds. In respect of diamonds, the phrase "Gross Overriding Royalty" means 2.5 % of NAGR’s interest in the Diamond Net Sales Returns from all diamonds mined from any of the Properties ("Diamonds"), where Diamond Net Sales Returns equals the Diamond Gross Proceeds less Diamond Allowable Deductions, where:
Diamonds. A minimum hand with nothing but diamonds.
Diamonds. For the purpose of this Royalty Agreement, “2% Gross Overriding Royalty” shall mean:
(i) 2% (two percent) of the gross sales revenue (i.e. gross proceeds) derived from the sale of diamonds produced or originating from the Property after sorting, cleaning and polishing; or,
(ii) 2% (two percent) of the rough diamonds produced from the Property which in kind delivery shall be representative of the sizes and colours of all diamonds produced during the relevant time period, which shall be confirmed by an independent party mutually agreed upon by the parties;
Diamonds. Due to Lion's previous exclusive agreements with development and near-production companies, it is not possible to include diamonds in this Lion/AZCO agreement. Should the situation change in the future, Lion will advise AZCO.