Metal Price definition
Metal Price means for any Product the lower of the "LME cash" or the "3 months" price as per the Metal Bulletin published by the London Metal Exchange. If trading on the London Metal Exchange is discontinued or interrupted, the Owner shall utilize a comparable commodity quotation, reasonably acceptable to the Payee, for the purposes of calculating the Net Smelter Returns;
Metal Price means for any Product, except molybdenum as set forth below, the lower of the "LME cash" or the "3 months" price as per the Metal Bulletin published by the London Metal Exchange. With respect to any molybedum-based Product, the Metal Price shall be based on the Metals Weekly price as published by P▇▇▇▇’▇. Notwithstanding the foregoing, in determining the Net Smelter Return, actual contract prices shall be utilized, so long as based on the Metal Price, subject to industry standard discounts, such contracts to be previously disclosed to Payee. If trading on the London Metal Exchange is discontinued or interrupted, the Owner shall utilize a comparable commodity quotation, reasonably acceptable to the Payee, for the purposes of calculating the Net Smelter Returns;
Metal Price means, subject to the application of Section 6.2, in
Examples of Metal Price in a sentence
THE METAL PRICE QUOTATIONS SPECIFIED UNDER THIS CONTRACT ARE THE QUOTATIONS CURRENTLY IN GENERAL USE FOR THE PRICING OF THE METAL CONTENTS OF THE MATERIAL.
More Definitions of Metal Price
Metal Price means, at any time, the sum of the LME Cash at such time and the Premium.
Metal Price shall be the sum of the LME Value and the Premium at the time of fixing, converted into Euro. Such amounts shall be:
Metal Price means, subject to the application of Section 6.2, in respect of the supply of Foil made in any Quarter, the aggregate of (i) the LME Price for such Quarter, plus (ii) the EC Duty Paid Premium for such Quarter, and minus (iii) the Discount for such Quarter.
Metal Price shall have the meaning given in ARTICLE 6.3;