Common use of Purity Clause in Contracts

Purity. Gold Farm accounting units of precious metals, in accordance with standard bullion-market practice, are expressed in fine precious metal content. The fine precious metal content of each bar equals its weight multiplied by its purity. The resulting units of precious metals in your Gold Farm Account are 100% pure and denominated in and grams and ▇▇▇▇ ounces. Gold Farm confirms that it has obtained a representation from its precious metals bullion counterparties that every gram or ▇▇▇▇ ounce purchased by Gold Farm to be sold to Users is a gram or ▇▇▇▇ ounce of the 100% pure content of a 99.5% (or greater) assayed bullion bar held in the relevant vault.

Purity. Gold Farm accounting units of precious metals, in accordance with standard bullion-market practice, are expressed in fine precious metal content. The fine precious metal content of each bar equals its weight multiplied by its purity. The resulting units of precious metals in your Gold Farm Account are 10099.95% pure and denominated in and grams and ▇▇▇▇ ouncesounces if purchased in bar denominations. Gold Farm confirms that it has obtained a representation from its precious metals bullion counterparties that every gram or ▇▇▇▇ ounce purchased by Gold Farm to be sold to Users is a gram or ▇▇▇▇ ounce of the 10099.95% pure content of a 99.5% (or greater) assayed bullion bar held in the relevant vault.