Gold Market Price means, with respect to any day, the per ounce gold afternoon (p.m.) fixing price in U.S. dollars quoted by the London Bullion Market Association on such day or the immediately preceding trading day if such day is not a trading day; provided that, if for any reason, the London Bullion Market Association is no longer in operation or the price of gold is not confirmed, acknowledged by or quoted by the London Bullion Market Association on such trading day, the Gold Market Price shall be determined by reference to the price of gold on another commercial exchange mutually acceptable to the Parties, acting reasonably.
Gold Market Price as of any day, means the simple average of the daily per ounce LBMA Gold Price (PM) in United States dollars as quoted by the LBMA for Refined Gold for the five (5) trading days immediately prior to such day, provided that if for any reason the LBMA is no longer in operation or the price of gold is not confirmed, acknowledged by or quoted by the LBMA, the Gold Market Price shall be determined by reference to the price of gold on another commercial exchange mutually acceptable to the Parties, acting reasonably.
Gold Market Price has the meaning set out in Section 3.2(a). “Gold Purchase Price” has the meaning set out in Section 3.2(a). “Good Delivery Specifications” means the specifications for good delivery of gold bars under the “Good Delivery Rules” published by the LBMA from time to time, or such other specifications as agreed to by the Seller and the Purchaser pursuant to Section 2.2(b). “Good Industry Practice” means, in relation to any specified decision or undertaking, the exercise of a degree of diligence, skill, care and prudence and which would reasonably be expected to be observed by experienced professionals in the Canadian mining industry engaged in the same type of undertaking under the same or similar circumstances. “Governmental Body” means the government of Canada or any other nation, or of any political subdivision thereof, whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, arbitrator or arbitrators, tribunal, central bank or other entity exercising executive, legislative, judicial or arbitral, taxing, regulatory or administrative powers or functions (including any applicable stock exchange). “Guaranteed Obligations” has the meaning set out in Section 10.1(a). “Guarantors” means, collectively, Pretium, 0890696 B.C. Ltd. and any other Person (now or hereafter formed or acquired) that holds or acquires directly or indirectly any interest in the Seller or the Project Property, provided that if any such Person transfers or otherwise ceases to hold any direct or indirect interest in the Seller or the Project Property, it will cease to be a Guarantor for the purpose of this Agreement, and “Guarantor” means any one of them, as the context may require. “IFRS” means the International Financial Reporting Standards adopted by the International Accounting Standards Board from time to time. “Insolvency Event” means any of the following:
Examples of Gold Market Price in a sentence
The Seller shall cause the Owner to operate the Mine on a commercial basis as though it has the full economic interest in the Produced Gold in the absence of this Agreement and as if the Owner is entitled to receive the Gold Market Price for all Produced Gold.
More Definitions of Gold Market Price
Gold Market Price means, as of any Business Day, the price of a xxxx ounce of gold, stated in U.S. Dollars, as determined by ICE Benchmark Administration as the administrator of the London gold price selected by the LBMA (or any successor administrator of the London gold price), at or about 3:00 p.m., London, England time, as the “LBMA Gold Price PM” for such Business Day.
Gold Market Price means, with respect to any day, the per ounce LBMA Gold Fixed Price PM in U.S. dollars published by the London Bullion Market Association on such day or the immediately preceding trading day if such day is not a trading day; provided that if for any reason, the London Bullion Market Association is no longer in operation or the price of gold is not confirmed, acknowledged by or quoted by the London Bullion Market Association, the Gold Market Price shall be determined by reference to the price of gold on another commercial exchange mutually acceptable to the Parties, acting reasonably.
Gold Market Price as of any day, means the simple average of the daily per ounce LBMA Gold Price (PM) in United States dollars as administered by ICE Benchmark Administration (IBA) and quoted by the LBMA for Refined Gold for the five trading days prior to such day (or the immediately preceding trading day if such day is not a trading day), provided that if for any reason, the LBMA is no longer in operation or the price of gold is not confirmed, acknowledged by or quoted by the LBMA, the Gold Market Price shall be determined by reference to the price of gold on another commercial exchange mutually acceptable to the Parties, acting reasonably.
Gold Market Price means, per ounce, the mean average LBMA Gold Price PM, in US dollars, quoted by the London Bullion Market Association (in partnership with ICE Benchmark Administration as at the date of this Agreement) for the [***] of the calendar month preceding the Delivery Date.
Gold Market Price means, as of any Business Day, the price of a troy ounce of gold, stated in U.S. Dollars, as determined by ICE Benchmark Administration as the administrator of the London gold price selected by the LBMA (or any successor administrator of the London gold price), at or about 3:00 p.m., London, England time, as the “LBMA Gold Price PM” for such Business Day.
Gold Market Price means, with respect to any day, the afternoon (p.m.) per ounce LBMA Gold Price in U.S. dollars quoted by the LBMA (currently administered by the ICE Benchmark Administration) for Refined Gold on such day, or if such day is not a trading day, on the immediately preceding trading day; provided that, if for any reason, the LBMA is no longer in operation or the price of gold is not confirmed, acknowledged or quoted by the LBMA (currently administered by the ICE Benchmark Administration), the Gold Market Price shall be determined by reference to the price of Refined Gold in a manner endorsed by the LBMA, and failing that the Gold Market Price shall be determined by reference to the price of gold on another commercial exchange mutually acceptable to the Seller and the Purchaser, acting reasonably (and references to LBMA trading day in this agreement shall be adjusted accordingly).
Gold Market Price has the meaning set out in Section 3.2(a).