Delivery Rate definition
Examples of Delivery Rate in a sentence
Sections 3.2(b), (c) and (e) shall apply mutatis mutandis to the delivery of Refined Gold by the Seller to the Purchasers under this Section 3.6. Upon delivery of the Buydown Gold Ounces and the Buydown Premium by the Seller to the Purchasers, the Buydown Delivery Rate and the Buydown Monthly Minimum will be amended in accordance with the terms of this Agreement.
If the Annual Payable Gold for a calendar year is less than the Delivery Rate for such calendar year, then the Seller shall sell and deliver to the Purchasers, in accordance with each Purchaser's Applicable Percentage, within 70 days of the end of the applicable calendar year, an amount of Refined Gold equal to the difference between the Delivery Rate for such calendar year and the Annual Payable Gold for such calendar year.
The quantity of Produced Gold used to determine the Delivery Rate shall not be reduced by any loss or damage to any Produced Gold from and after the time it has been processed through the Mineral Processing Facility.