Precious Metals. A Fund may, upon Special Instructions, direct the Custodian to appoint, or instruct the Domestic Subcustodian to appoint, a depository for the safekeeping and storage of gold, silver, platinum and other precious metals (“Precious Metals”) on behalf of such Fund.
Precious Metals. The Fund shall, with respect to precious metal deposits, instruct the Custodian to enter into a written agreement to direct the Delegate to hold such precious metals on an allocated or on an unallocated basis in accordance with the terms of this Delegation Agreement. Accordingly, the Custodian shall enter into a written agreement to direct the Delegate to be responsible for exercising reasonable care in the administration of such accounts, and to the extent that the Fund has appointed the Custodian to direct the Delegate to act as foreign custody manager pursuant to the provisions of Rule 17f-5, the Custodian shall direct the Delegate to comply with its responsibilities thereunder. Allocated Precious Metal(s) shall mean any and all gold, silver, platinum or palladium and any other metals maintained in any account with an Eligible Foreign Custodian or its agents in the name of the Custodian or its Delegate for the Fund. Unallocated Precious Metal(s) shall mean any and all gold, silver, platinum or palladium and any other metals maintained in any account with an Eligible Foreign Custodian or its agents in the name of the Custodian or the Delegate for its customers generally.
Precious Metals. First London Market fixing price (LBMA) or London Platinum and Palladium Market (LPPM) for the described Precious Metal, to be chosen at the sole discretion of GoldSilver Central Private Limited.
Precious Metals. Should the price of precious metals or rare earth materials increase from the cost in effect at the time of establishment of product pricing, ALLEGRO reserves the right to invoke price adjustments to compensate for such increases.
Precious Metals. The Payor shall pay the Royalty for each shipment of Precious Metals either (a) in the form of gold bullion (.995+ fine gold) directly to Franco's account maintained with the Payor as directed by Franco, or (b) by delivery of a cheque or draft payable to Franco's account with a bank to be designated in writing by Franco. In the event Franco instructs the Payor to deliver the Royalty in the form of gold bullion, the Royalty payable on silver or platinum group metals shall be converted to the gold equivalent of such silver or platinum group metals by using the average monthly spot prices for Precious Metals described in Section 4.1.
Precious Metals. With respect to Products containing precious metals, unless otherwise specifically agreed to in writing, the following sales conditions shall also apply: (a) all metal accounts established or maintained by Seller shall be subject to Seller's Metal Account Terms and Conditions, the current form of which appears on each metal account statement; (b) payment for precious metals shall be cash in advance; (c)the precious metal contained in such Products shall be priced in accordance with the Engelhard Fabricated Products Price next published by Seller following the date the metal is shipped or credited to Buyer’s metal account; (d) Seller shall have the right at any time without notice to set off any liability (whether to pay money or to credit, deliver, or transfer metal or otherwise) of Seller to Buyer against any liability of Buyer to Seller and, in furtherance thereof, to convert metal to money or money to metal at market value at the date of such set-off.
Precious Metals. The Owner shall pay to the Payee, a Royalty equal to the following percentages of Net Smelter Returns (as defined in subsection 9 (b) hereof) from the sale or other disposition of gold mined or otherwise recovered from the Property:
Precious Metals. Representative shall be El Capitan's exclusive agent for sales of precious metals into Asia, provided that the parties shall have entered into a mutually acceptable agreement providing market-based terms with respect thereto.
Precious Metals. BMS shall pay to EDNLP the Precious Metals charges at the agreed-to unit cost for Precious Metals and the agreed-to consumption levels in xxxx ounces per ton Nitric Acid produced at the Nitric Acid Facility set forth in Section 4.2(B)(1) herein. Within fifteen (15) days after completion of fabrication of the replacement gauze, EDNLP will issue a debit or credit to BMS for: (i) the difference of the actual unit cost versus the agreed to unit cost for replacement metals; (ii) for the actual consumption quantities of Precious Metals; and (iii) for the Precious Metals cost and consumption quantities applicable to the sale of Surplus Nitric Acid as as described more fully in Section 5.1(A) herein.
Precious Metals. With respect to precious metals produced from the Project, each Party shall be entitled to take its proportionate share of the production in-kind, such share being based on each Party’s Participating Interest at the time such precious metals are produced. Each Party shall take delivery of its share at the refinery where the final product is produced. Thereafter, each Party shall be free to market its respective share of such precious metals at its sole discretion.
