Zinc Clause Samples
The "Zinc" clause establishes the requirements and standards related to the use, supply, or specification of zinc within a contract. Typically, this clause outlines the grade, purity, or form of zinc to be provided, and may address issues such as acceptable sources, testing methods, or compliance with industry standards. For example, it might require that all zinc used in manufacturing processes meets a certain purity threshold or is sourced from approved suppliers. The core function of this clause is to ensure that all parties have a clear understanding of the expectations regarding zinc, thereby reducing the risk of disputes over material quality or suitability.
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Zinc. Pay for 85% (eighty-five percent) of the final zinc content, subject to a minimum deduction of 8 (eight) units, at the official London Metal Exchange cash settlement quotation for Special High Grade Zinc, as published in the Metal Bulletin in US$ and averaged over the quotational period. Silver Deduct 3 (three) ounces per dry metric ton of the Concentrate and pay for 70% (seventy percent) of the balance of the final silver content at the LBMA spot quotation for silver, as published in the Metal Bulletin in US$ and averaged over the quotational period. PURCHASE CONTRACT 103-11CMX-019-0-P Gold Deduct 2 (two) grams per dry metric ton of the Concentrate and pay for 70% (seventy percent) of the balance of the final Gold content at the LONDON FINAL quotation for gold, as published in the Metal Bulletin in US$ and averaged over the quotational period. Deduction Treatment Charge US$ 212 (US$ two hundred and twelve) per dry metric ton of the Concentrate delivered basis DAP Manzanillo, Mexico or parity. This treatment charge is based on an applicable zinc price of US$ 2,300 per dry metric ton and will be: • Increased by US$ 0.12 for each US$ 1.00 (US$ one) the applicable zinc price exceeds US$ 2,300 per dry metric ton; All fractions pro rata. Penalties None one, subject to maximum contents as follow: Fe < 6% SiO2 < 3% Cd < 0.4% As+Sb <0.5% QUOTATIONAL PERIOD The quotational period for all payable metals shall be the month following the Month of arrival at the warehouse (M+1). PAYMENT All payments shall be made in US$ by telegraphic transfer. Provisional Payment 90% (ninety percent) of the provisional invoice value of the Concentrate, based on the final wet weight, final moisture, provisional assays and the metal forward LME prices referred to the contractual QP at the date of invoice is issued, shall be paid 10 (ten) calendar days after the truck to delivery to the Manzanillo warehouse against the presentation of the following documents:
Zinc. Pay for 85% (eighty-five percent) of the final zinc content, subject to a minimum deduction of 8 (eight) units, at the official London Metal Exchange cash settlement quotation for zinc, as published in the Metal Bulletin in US$ and averaged over the quotational period.
Zinc. Pay for 85% (eighty-five percent) of the final zinc content, subject to a minimum deduction of 8 (eight) units, at the official London Metal Exchange cash settlement quotation for Special High Grade Zinc, as published in the Metal Bulletin in US$ and averaged over the quotational period. PURCHASE CONTRACT 103-14CMX-011-0-P3 Deduct 3 (three) ounces per dry metric ton of the Concentrate and pay for 70% (seventy percent) of the balance of the final silver content at the LBMA spot quotation for silver, as published in the Metal Bulletin in US$ and averaged over the quotational period.
Zinc. This is also used as a coating on steel and is commonly known as galvanised steel
Zinc. Notwithstanding the disclosures made by the Sellers in section 3B(u) of the Disclosure Schedule, the Seller shall be responsible for payment of any capital expenditures to the extent required to bring the Company into compliance with any and all environmental or health laws relating to the levels of zinc in the Company's discharge into the sewage system of the Town of Silver Lake, and any Losses resulting from noncompliance with said laws, without regard to the deductible under section 7(b)(vii). Any such capital expenditures shall first be paid out of the Escrow Funds. Said capital expenditures and Losses shall not be subject to the cap under section 7(b)(viii) and any excess over the Escrow Funds shall be the joint and several liability of the Sellers. The Sellers shall have the reasonable discretion to determine and implement the most cost-effective approach to bringing the Company's facilities into compliance with environmental and health laws relating to levels of zinc, subject to consultation with Purchaser.