Hedging Activities definition
Examples of Hedging Activities in a sentence
The Royalty payable on Precious Metals or other Minerals subject to Hedging Activities shall be determined in the same manner as provided in this Section 3 and Sections 4 and 5, with the understanding that the Precious Metals or other Minerals subject to Hedging Activities shall be deemed to be part of Monthly Production, with the Monthly Average Gold Price, Monthly Average Silver Price or Monthly Average COMEX Price, as applicable, for such month being used in the calculation of the Royalty.
All Hedging Activities entered into by the Royalty Payor Entities, as the case may be, and all profits or losses associated therewith, if any, shall be solely for the account of the Royalty Payor Entities, as the case may be.
All profits and losses resulting from the Royalty Payor Entities, as the case may be, entering into any Hedging Activities are specifically excluded from calculations of the Royalty pursuant to this Agreement.