Final Assay definition

Final Assay means the final determination of the concentration of metals found in the Filter Cake as determined in accordance with Section 12 hereof and on which a final accounting of the return of metals by JM to SMC and the payment of treatment, refining and assaying charges by SMC to JM shall be based.

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Final Assay means, in respect of a Lot, an assay of type and quantity of Minerals, including Produced Gold and Produced Palladium, carried out for the purposes of final invoicing and payment further to the relevant Offtake Agreement, such assay to be carried out in accordance with Clause ‎2.10.

Final Assay means, with respect to a specific Lot, the final settlement figures expressed as the amount of ▇▇▇▇ ounces per Short Ton of each Platinum Group Metal determined in accordance with Sections 8.3 and 8.4.

Examples of Final Assay in a sentence

In the event that the umpire assay is exactly between the assay of the two Parties, the umpire assay shall be taken as the Final Assay.
Should the umpire assay fall outside the exchanged results, the assay of the Party which is nearer to the umpire assay shall be taken as the Final Assay.
Should the umpire assay fall between the results of the two Parties or coincide with either, the arithmetical mean of the umpire assay and the assay of the Party which is nearer to the umpire assay shall be taken as the Final Assay.
The return of metals shall be based on the Agreed Content, provided that in the event the Final Assay differs from the Agreed Content, an adjustment will be made to the SMC Account to credit the SMC Account in the event the Final Assay is greater than the Agreed Content or to debit the SMC Account in the event the Final Assay is less than the Agreed Content.
If Power Mount does not indicate when it wants Stillwater to set a Purchase Price for the Offered Ounces of Metal, Stillwater will determine the Purchase Price of the Offered Ounces of each Metal on receipt of the Final Assay for the Lot containing such Offered Ounces of Metal.
After issuance of Buyer’s Refinery Final Assay Report, Seller will draw down on the available funds for the purchase and delivery of subsequent tranches as per the shipment schedule, on a revolving basis.
The Actual total purchase price shall be calculated based on each refined kilo at Ninety Nine point Nine Hundred Ninety Five percent (99.995%) purity being paid at a discount of one percent (1.%) in United States Dollars to the LBMA Second Fixing on the day of the Buyer’s Refinery Final Assay Report.
Should the -------------------------------------- umpire assay fall outside the exchanged results, the assay of the Party which is nearer to the umpire assay shall be taken as the Final Assay.
If Power Mount does not indicate at what point in time it wants Stillwater to set a Firm Price for the Offered Ounces of a particular Metal, Stillwater will determine the Firm Price of the Offered Ounces of each Metal on receipt of the Final Assay for the Lot containing such Offered Ounces of Metal.
THUS, The Seller promises to deliver the GOLD WITHIN 7-10 DAYS of receipt of the SWIFT OPERATIVE STANDBY LETTER OF CREDIT and the Buyer promises to pay the Seller for the full consignment of the GOLD WITHIN 72 HOURS of Final Assay at Destination Refinery in Belgium.

More Definitions of Final Assay

Final Assay means the determination of the concentrations of metals in the PGM Concentrate on which the return of metals by Union Miniere to SMC will be based under this Agreement.

Final Assay means, with respect to a specific Lot, the final settlement figures expressed as the amount of ▇▇▇▇ ounces per Short Ton of each Platinum Group Metal, determined in accordance with Section 8.3. Portions of this exhibit have been omitted pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. The omissions have been indicated by “[**Redacted**]”, and the omitted text has been filed separately with the Securities and Exchange Commission.