Mineral Offtake Agreement definition
Examples of Mineral Offtake Agreement in a sentence
Primero and STB shall notify SWC in writing when any proceeding related to a dispute arising out of or in connection with any such Mineral Offtake Agreement is commenced and shall provide SWC with timely updates of the status of any such dispute and the final decision and award of the court or arbitration panel with respect to such dispute, as the case may be.
If Silver Wheaton has overpaid Peñasquito for twenty-five percent (25%) of the Payable Silver contained in such shipment by reason of Peñasquito having received a provisional payment from Silver Wheaton for such Payable Silver in excess of the amount due in final settlement, then Peñasquito shall pay such excess to Silver Wheaton promptly (and in any event no later than five (5) Business Days) after final settlement is determined in accordance with the applicable Mineral Offtake Agreement.
Silver Wheaton shall make a final payment of the Silver Purchase Price to Peñasquito for and in respect of twenty-five percent (25%) of the Payable Silver contained in such shipment promptly (and in any event no later than five (5) Business Days) after Silver Wheaton receives the final payment for the Payable Silver contained in such shipment from the Offtaker in accordance with the terms of the Mineral Offtake Agreement to which the Offtaker is a party.
Silver Wheaton agrees that it shall cause title to the twenty-five percent (25%) of the Payable Silver contained in each such shipment of Purchased Minerals to which it has acquired title to pass to the applicable Offtaker at such time as title to the remainder of the shipment of Purchased Minerals passes from Peñasquito to such Offtaker in accordance with the terms of the Mineral Offtake Agreement to which such Offtaker is a party.
Produced Gold shall not be reduced for, and the Purchaser shall not be responsible for, any refining charges, treatment charges, penalties, insurance charges, transportation charges, settlement charges, financing charges or price participation charges, or other similar charges or deductions, regardless of whether such charges or deductions are expressed as a specific metal deduction, separate and apart from the recovery rate pursuant to the terms of the applicable Mineral Offtake Agreement.
Primero and STB shall notify Goldcorp in writing when any proceeding related to a dispute arising out of or in connection with any such Mineral Offtake Agreement is commenced and shall provide Goldcorp with timely updates of the status of any such dispute and the final decision and award of the court or arbitration panel with respect to such dispute, as the case may be.
Taseko shall notify the Purchaser in writing when any dispute arising out of or in connection with any such Mineral Offtake Agreement is commenced in respect of Produced Gold and shall provide the Purchaser with timely updates of the status of any such dispute and the final decision and award of the court or arbitration panel with respect to such dispute, as the case may be.