Base Metals definition
Examples of Base Metals in a sentence
The Administrator will then subtract the S&P TSX Global Base Metals Index Percentage Performance from the Company Percentage Performance, then add 100% to the result, with the final result constituting the relative Company performance as a percentage (the “Relative TSR Performance Percentage”).
Next, the Administrator will measure the 60-trading day average closing price of the Company and the S&P TSX Global Base Metals Index, as reasonably determined by the Administrator, in its sole discretion, with the last trading day of such 60-trading day period ending on the last day of the Performance Period (establishing both the “Company Closing Price” and the “S&P TSX Global Base Metals Index Closing Price”).
Company shall pay to Lessor a Production Royalty of one percent (1%) of net smelter returns from the production from the Premises of any Base Metals, and two and one-half percent (2.5%) of net smelter returns from the production from the Premises of any Precious Metals.
This 60-trading day average establishes both the Company baseline stock price (the “Company Baseline Stock Price”) and the S&P TSX Global Base Metals Index baseline (the “Global Base Metals Baseline”) against which future Company stock and S&P TSX Global Base Metals Index performance will be compared.
The Administrator will then measure S&P TSX Global Base Metals Index Performance over the same period by dividing the S&P TSX Global Base Metals Index Closing Price by the S&P TSX Global Base Metals Index Baseline with the quotient expressed as a percentage of the S&P TSX Global Base Metals Index Baseline (the “S&P TSX Global Base Metals Index Percentage Performance”).
Relative TSR Performance is the relative performance of Company stock against the S&P TSX Global Base Metals Index over the Performance Period.
Price cap provided by the Bank from time to time for various commodities For Base Metals: Lower of the following: 1.
The trust created by this Agreement shall be known as the “ETFS Physical Base Metals Trust”.
The Project Entities shall ensure that when Produced Platinum or Produced Base Metals are sold or otherwise disposed of all such Produced Platinum or Produced Base Metals are sold or otherwise disposed of by ProjectCo to an Offtaker pursuant to an Offtake Agreement.
The Trust Agreement provides for the deposit of cash with the Fund from time to time and the issuance by the Fund of additional Creation Baskets representing the undivided units of 1 Forms of Global Certificates of Beneficial Interest for each of DB Energy Fund, DB Oil Fund, DB Precious Metals Fund, DB Gold Fund, DB Silver Fund, DB Base Metals Fund and DB Agriculture Fund shall be, except for the names of the Funds, substantially identical to this Form of Global Certificate.