Refined Gold definition

Refined Gold means marketable metal bearing material in the form of gold bars or coins that is refined to a minimum 995 parts per 1,000 fine gold.

Refined Gold means marketable metal-bearing material refined to a minimum acceptable fineness of 995 parts per 1,000 fine gold and otherwise conforming to the LBMA Good Delivery Rules, in the form of metal credits or allocation of physical gold bars, as may be designated by Purchaser from time to time in accordance with Section 2.2(e).

Refined Gold means all and any refined gold bullion produced, derived or resulting from Unrefined Gold originating from the Properties or any portion thereof;

Examples of Refined Gold in a sentence

• Any dollar amount or Refined Gold owing by a Party to any other Party under this Agreement may be set off against any dollar amount or Refined Gold owed to such Party by the other Party.

• Any amount of Refined Gold set off and withheld against any non-payment by a Party shall be valued at the Gold Price as of the first trading day that such amount of Refined Gold became payable to such Party.

• The Seller shall convey and transfer the Refined Gold and Refined Silver to the Lender with good and marketable title thereto, free and clear of all Encumbrances and adverse claims of any nature or description.

• If the Seller wishes to terminate the delivery of Payable Gold to the Purchaser during the Delivery Period in accordance with the terms and conditions of this Agreement (a “Seller Termination Event”), it shall provide written notice thereof to the Purchaser and the purchase of Refined Gold not delivered shall be cancelled and the Purchaser shall be entitled to receive a one-time termination amount (the “Termination Amount”) [Commercially sensitive information redacted].

• To invalidate Decree of the President of the Russian Federation on Certain Measures for Liberalising the Export of Refined Gold and Silver from the Russian Federation (Sobraniye Zakonodatelstva Rossiyskoy Federatsii, 1997, No. 30, item 3604).

More Definitions of Refined Gold

Refined Gold means gold bullion refined at the Nominated Refinery to the London Good Delivery standard pursuant to the Refining Agreement, from gold doré and any other gold products produced at the Mine.

Refined Gold means gold of minimum 0.995 fineness in gold bars, conforming in all respects with the specification for "Good Delivery Gold Bars" under the "Good Delivery Rules", as published by the London Bullion Market Association from time to time;

Refined Gold means gold recovered after the treatment of ores mined from the Property that has been refined to meet or exceed generally accepted commercial standards for the “good delivery” of gold bullion on the U.S. or London commodity exchanges. If only a portion of the gold mined from any part of the Property is delivered to the Cxxxxx Joint Venture as a participant in a Joint Venture Agreement, only the refined gold that is attributable to such portion shall be considered to be Refined Gold for purposes of determining the Royalty.

Refined Gold means refined gold meeting the good delivery requirements of the LBMA or, in the absence of such requirements, having a fineness of 995 parts per thousand;

Refined Gold the merchantable units of gold which RRL extracts from the product;

Refined Gold refers to marketable gold bearing material in the form of physical gold bars refined to a minimum 995 parts per 1,000 fine gold. For information, the value on the Turnkey Construction Works and the Long-Term Purchase cannot be determined at this juncture as it is dependent on, amongst others, the geological and feasibility due diligence conducted on the Mining Area. Upon NICE giving confirmation that the conditions precedent (as set out in Section 3.2 below) of the HOA are being satisfied, and if NICE elects to do so, both Parties shall thereafter enter into definitive agreements (“Definitive Agreements”). Should SPM elect not to enter into the Definitive Agreements after the completion of the due diligence, SPM shall be liable for any costs incurred by NICE and NICE shall have the rights to be compensated for its time and efforts. NICE shall have the right of first refusal where NICE shall be granted the right to be offered future sales of Refined Gold by SPM before SPM enters into any discussion or offers to a third-party for any future sales of Refined Gold based on the terms as to be mutually agreed in the Definitive Agreements.

Refined Gold has the defined meaning assigned to it in the Purchase Agreement.