Gold Purchase Contract definition

Gold Purchase Contract means any of the Gold Purchase Contracts.
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Examples of Gold Purchase Contract in a sentence

  • No Gold Purchase Contract or Royalty Agreements entered into after the date hereof shall contain any early termination right of a counter-party thereto triggered by a bankruptcy or insolvency event of an Obligor.

  • For certainty, the parties hereto acknowledge that, as at the date of this agreement, no security document has been entered into in favour of any Obligor for the purpose of securing obligations owing to such Obligor under the Sandstorm Metals Gold Contract and therefore the provisions of this Section 11.2(i) relating solely to the release of security shall not apply to the Sandstorm Metals Gold Purchase Contract.

  • For example, in the event Registered Finder’s Registered Purchaser(s) entered in to a Gold Purchase Contract for $5,000,000 of gold at $1,200/oz.

  • Subject to the following sentence, without the prior written consent of the Lenders, the Borrower shall not, nor shall it suffer or permit any other Obligor to, release in whole or in part any security granted to or in favour of an Obligor under, pursuant to, or in contemplation of, any Gold Purchase Contract.

  • The Borrower shall not suffer or permit any Non-Guaranteeing Subsidiary to enter into a Gold Purchase Contract or Royalty Agreement unless it shall have complied with Section 11.1(s).

  • The Borrower shall not suffer or permit any Non-Guaranteeing Subsidiary to enter into a Gold Purchase Contract or Royalty Agreement unless it shall have complied with Section 11.1(t).

  • If any Contract Termination shall occur or a buy-down option contained in a Gold Purchase Contract (other than the Santa Fe Gold Contract and the Sandstorm Metals Gold Purchase Contract) is exercised, the Borrower shall prepay outstanding credit under the Credit Facility in an amount, and at the time, of each payment (including, without limitation, payments with respect to insurance or termination) received by any Obligor under such Gold Purchase Contract.

  • The Borrower shall not use the proceeds of the Credit Facility to directly or indirectly finance a Permitted Acquisition, a Pre-Funding Investment, the LoanCo Loan, a Gold Purchase Contract, a Royalty Agreement or a loan to a counterparty to a Gold Purchase Contract or Royalty Agreement unless it shall have first applied its Unrestricted Cash to such purposes until the Borrower’s consolidated Unrestricted Cash position is a maximum of $5,000,000.