Produced Gold definition
Examples of Produced Gold in a sentence
The Seller shall not stockpile, store or place Produced Gold off of the Properties unless the Seller has first secured from the property owner where such stockpiling, storage or placement is to occur a written agreement in recordable form which provides that the Purchaser’s rights to the Produced Gold shall be preserved.
The Parties acknowledge that the Seller shall not be obliged to sell or deliver to the Purchaser the Refined Gold physically resulting from Produced Gold.
The Seller shall not stockpile, store or place Produced Gold off of the Properties unless the Seller has first secured from the property owner where such stockpiling, storage or placement is to occur a written agreement in recordable form which provides that the Purchasers’ rights to the Produced Gold shall be preserved.
The Parties acknowledge that the Seller shall not be obliged to sell or deliver to the Purchasers the Refined Gold physically resulting from Produced Gold.
For greater certainty, nothing in this Section 6.2 shall prohibit the processing of Produced Gold by a PSA Entity, provided that the doré is eventually sold to a processor.
Operator shall pay to Payee a perpetual Royalty in the amount of the Produced Gold Returns from the sale or other disposition of Gold produced from the Property, determined in accordance with the provisions set forth in this Section and, if applicable, Section 8.
In the event the Cost Deduction is greater than the Gold Price, no Produced Gold Returns are payable for that month.
An Offtake Agreement shall be deemed to be on commercially reasonable arm’s length terms and conditions if such agreement contains substantially economically equivalent terms and conditions relating to silver or gold as the terms and conditions relating to Minerals other than Produced Silver and Produced Gold.
For greater certainty, nothing in this Section 7.4(d) shall prohibit the processing of Produced Gold by a PSA Entity, provided that the doré is eventually sold to a Processor.
From and after the date hereof, the Seller (together with the PSA Entities from which Produced Gold is sold) shall be a party to any Processing Agreements and the PSA Entities party thereto shall be responsible for delivering all gold to each Processor, in such quantity, description and amounts and at such times and places as required under and in accordance with each Processing Agreement.