Gold Recycling Sample Clauses

Gold Recycling. Gold-Ore Owner’s Pre-Recycled Gold Ore holdings shall be processed to Certified 99.99% Pure Gold by a leading United States mining services company with a minimum of 20-years of experience in processing, refining, recycling, reclamation, and closure of mines (“Contract Gold Processor”). Contract Gold Processor shall recycle the Pre-Recycled Gold Ore to Certified 99.99% Pure Gold including testing, measurement, initial valuation, formal appraisal, removal, transportation, processing, refining, and delivery. Contract Gold Processor shall ensure industry standard security, controls, procedures, and accounting systems are utilized so that the Pre-Recycled Gold Ore is secured and accounted for at all times. Contract Gold Processor will administrate all operational aspects of recycling the Pre-Recycled Gold Ore. Contract Gold Processor will report directly to Trustee. The Trust’s Trustee can terminate Contract Gold Processor for cause or performance, where Trustee shall promptly appoint a replacement contract gold processor.
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Gold Recycling. Contract Gold Processor shall recycle the Pre-Recycled Gold Ore to Certified 99.99% Pure Gold including testing, measurement, initial valuation, formal appraisal, removal, transportation, processing, refining, and delivery. Contract Gold Processor shall ensure industry standard security, controls, procedures, and accounting systems are utilized so that the Pre-Recycled Gold Ore is secured and accounted for at all times. Contract Gold Processor will administrate all operational aspects of recycling the Pre-Recycled Gold Ore. Contract Gold Processor will report directly to Trustee. The Trust’s Trustee can terminate Contract Gold Processor for cause or performance, where Trustee shall promptly appoint a replacement contract gold processor.
Gold Recycling. Transportation, processing, refining of the Pre-Recycled Gold Ore shall be managed by a qualified, licensed, bonded, and insured contract gold processor approved by Trustee (“Contract Gold Processor”). The Pre-Recycled Gold Ore shall be refined to Certified 99.95% Pure Gold at a fixed gold recycling cost of $1,000.00 per xxxx ounce of gold (“Gold Recycling Cost”). Contract Gold Processor shall be subject to Trustee approval.
Gold Recycling. Contract Gold Processor shall utilize the services of a fully licensed, bonded, and insured mining services company(s), with a minimum of 10 to 20 years of project management experience in the gold mining industry. Contract Gold Processor shall process the Pre-Recycled Gold Ore to Certified 99.95% Pure Gold including removal, transportation, refining and delivery. Contract Gold Processor shall ensure industry standard security, controls, procedures, and accounting systems are utilized so that the Pre-Recycled Gold Ore is secured and accounted for at all times. Contract Gold Processor will administrate all operational aspects of transporting and processing the Pre- Recycled Gold Ore. Contract Gold Processor will report directly to Trustee. The Trustee can terminate Contract Gold Processor for cause or performance, where Trustee shall promptly appoint a replacement contract gold processor.

Related to Gold Recycling

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