Payable Gold definition
Payable Gold has the meaning set forth in Section 7.3(a).
Payable Gold means, for each calendar month commencing with the calendar month in which the Effective Date occurs until the expiry of the Term, the greater of (1) the Delivery Rate for that calendar month, and (2) the Monthly Minimum for that calendar month.
Payable Gold means 22,248 ounces of Refined Gold.
Examples of Payable Gold in a sentence
All references to “Payable Gold” in the Agreement shall mean Payable Gold determined under the Base Stream together with Additional Payable Gold determined under this Additional Stream.
More Definitions of Payable Gold
Payable Gold means Refined Gold in an amount equal to 8.33%, which percentage will increase proportionately with any increase in the amount of the Deposit to a percentage not to exceed 10%, of the Produced Gold in respect of which any Banro Group Entity receives a Gold Payment occurring during the Term, as determined in accordance with Sections 2.1(b) and 2.1(c) .
Payable Gold has the meaning set forth in section 2.
Payable Gold shall have the meaning set forth in Section 8.2 of this Agreement.
Payable Gold means an amount equal to (i) 100% of the Produced Gold (prior to any Offtaker Charges) contained in any Offtaker Delivery or Deemed Offtaker Delivery, multiplied by (ii) the applicable Gold Entitlement Percentage from time to time.
Payable Gold shall have the following meaning: If the full gold content (as ascertained by assay in accordance with Article 13) of each DMT of Concentrates is ≥ 40 grams per DMT then the term “Payable Gold” shall mean 97.5% of such full gold content with no minimum deduction; if the full gold content (as ascertained by assay in accordance with Article 13) of each DMT of Concentrates is < 40 grams per DMT and ≥ 20 grams per DMT then the term “Payable Gold” shall mean 97.25% of such full gold content with no minimum deduction; and if the full gold content (as ascertained by assay in accordance with Article 13) of each DMT of Concentrates is < 20 grams per DMT then the term “Payable Gold” shall mean 97.0% of such full gold content with no minimum deduction.”
Payable Gold means Produced Gold for which the Seller receives an Offtaker Payment.
Payable Gold the returnable portion of gold delivered;