Produced Copper definition
Examples of Produced Copper in a sentence
The Excelsior Entities shall ensure that the Seller shall notify the Purchaser in writing when any dispute in respect of a material matter arising out of or in connection with any such Offtake Agreement is commenced in respect of Produced Copper 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.
The Seller acknowledges and agrees that any copper, gold or silver derived from a “Copper Deposit” (as defined in the Molejon Agreement) located on the Molejon Sub-Concession shall be considered Produced Copper, Produced Gold or Produced Silver for purposes of this Agreement, and together with any related infrastructure, facilities or other assets of the Seller used in connection with the Development or operation thereof, shall form part of the Project.
The Seller shall notify the Purchaser in writing when any dispute in respect of a material matter arising out of or in connection with any such Offtake Agreement is commenced in respect of Produced Copper, Produced Gold or Produced Silver 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.
The Purchaser acknowledges and agrees that the Molejon Agreement requires the Seller to transfer a “Gold Deposit” (as defined in the Molejon Agreement) to Petaquilla Minerals or an Affiliate thereof and any copper, gold or silver derived therefrom shall not be considered Produced Copper, Produced Gold or Produced Silver for purposes of this Agreement.
Seller shall not sell and deliver to Purchaser the physical Refined Copper resulting from Produced Copper.
Seller shall not sell and deliver to Purchaser any physical Refined Copper resulting from Produced Copper or any other copper produced in Peru and shall not deliver to Purchaser any LME Warrant issued in respect of physical Refined Copper resulting from copper produced in Peru (including Produced Copper).
Section 2.1 (a) is hereby amended by deleting the final period and replacing it with the following language: and an amount of Refined Copper equal to the Designated Percentage of Produced Copper, free and clear of all Encumbrances.
The copper, gold or silver content of doré, concentrate or other product, as applicable, containing copper, gold or silver, as applicable, shall be considered Produced Copper, Produced Gold or Produced Silver, as applicable at the time it leaves the Stream Area.