Mineral Value definition

Mineral Value means the actual value of a Mineral determined on arms length terms and at any applicable spot price, the basis for which shall be agreed to in advance by the parties hereto, or if no spot price is available, at fair market value excluding any revenues, gains or losses from forward sales, puts, calls and options (or any similar arrangement) entered into by the Producer.
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Related to Mineral Value

  • Retail value of a prize means:

  • Property Value means the fair market value of the real property, as remediated, less

  • Total Value means either the fair market value or the actual price paid for a covered animal part or product, whichever is greater.

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.