Gold Bullion Sample Clauses

Gold Bullion. The Gold Bullion held by the Trust is free and clear of any lien, pledge, encumbrance, right, charge or claim (other than the rights created by this Agreement). Gold Bullion purchased in connection with the Gold Deposit Receipt or delivered upon a Redemption Order will have minimum fineness of 995 parts per 1000. Subject to the terms of the Gold Storage Agreement, the Initial Depositor, in its sole and absolute discretion, will determine whether the physical Gold Bullion holdings in the Initial Depositor’s account are in coin, bar, wafer, or ingot form. If the Gold Bullion is in coin form, each coin will also: (w) have been produced by the Mint and be legal tender in Canada for its denomination; and (x) have a fair market value not exceeding 110 percent of the fair market value of the coin’s gold content. If the Gold Bullion is in bar, wafer, or ingot form, the Gold Bullion will also (y) have been fabricated by a metal refiner included in the LBMA’s good delivery list of acceptable refiners for gold; and (z) bear basic identification markings that are recognized and accepted for trading in Canadian financial markets, including the hallmark of the metal refiner that produced it and a stamp indicating its fineness and weight, and no other markings.
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Gold Bullion. Coins — American 1 xxxx ounce, 1/2 ounce, ¼ ounce and 1/10 ounce Eagles; American 1 xxxx ounce Buffalos; South African 1 xxxx ounce Krugerrands; Canadian 1 xxxx ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce Maple Leafs; Austrian 1 xxxx ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce Vienna
Sample 1
Gold Bullion. In the event Grantee produces gold bullion from ores and minerals mined from the Mining Properties, Grantee shall pay Grantor a production royalty of three percent (3%) of the Net Return From Sales. If Grantee does not sell part or all of said bullion so produced, and holds and retains it at the close of a calendar year, Grantee shall pay Grantor a production royalty of three percent (3Y.) of the average monthly price as established by the London Gold market on the month of production of said bullion. In the event Grantee produces any of said gold bullion, it shall advise Grantor of such production within seven (7) days following the close of the month within which said production occurred whether said bullion is to be sold or retained by Grantee. Grantor shall have the option of taking any production royalty based upon said production in kind, in the form of gold bullion. The value of the bullion taken shall be credited to the guaranteed royalty and applied towards the option price. "Gold bullion", as used herein, means any gold concentrate having a pure gold content in excess of ten percent (107.).
Sample 1

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